Sri Lanka travel firm in pilgrimage market with Indian rail
Sept 09, 2009 (LBO) - Sri Lanka's Hemas Travels is breaking into the Buddhist pilgrimage market by offering an eight-day tour in a dedicated train in …
Industry
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Sri Lanka power firm looks for Rs600mn in IPO
Sept 08, 2009 (LBO) - Sri Lanka's Hemas Power, a unit of listed Hemas Holdings is seeking up to 626 million rupees through a sale of 31.3 million shares to …
Cost Management
Sept 07, 2009 (LBO) - Sri Lanka's Seylan Bank is cutting costs and focusing on recoveries to put the bank back on a stronger financial footing, members of an …
Rate War
Sept 07, 2009 (LBO) - Sri Lanka Telecom, the island's dominant fixed line operator, said it was offering lower rates and discounts in new subscriber packages …
Freight Costs
Sept 07, 2009 (LBO) - Sri Lankan shippers say they will resist efforts by international shipping lines to raise freight rates this month at a time of …
Bank Issue
Sept 06, 2009 (LBO) - A 54.2 million sale of fresh voting shares in Sri Lanka's Seylan Bank to raise 1. online pharmacy buy diflucan with best prices today in …
New Managers
Sept 04, 2009 (LBO) - Sri Lanka's Asian Finance Ltd, and Ceylinco Investment and Realty Ltd, two firms of the troubled Ceylinco group will be put under a new …
Indian Interest
Sept 04, 2009 (LBO) - India's state-run Bharat Sanchar Nigam Ltd (BSNL) is planning to buy Luxembourg-based Millicom International Cellular's Sri Lanka …
Abandoned Property
Sept 03, 2009 (LBO) - Sri Lanka's Central Bank said it has issued new instructions to banks to put assets unclaimed by customers for a long period to an …
Road Upgrade
Sept 03, 2009 (LBO) - Sri Lanka will upgrade 150 kilometres of provincial roads in the east of the country and 220 kilometres in the north central province …
Chinese Leg
Sept 03, 2009 (LBO) - A 30-kilometer fourth stage of a 126-kilometre expressway from Sri Lanka's capital Colombo to the southern city of Matara will go to a …
Uva Roads
Sep 03, 2009 (LBO) - Sri Lanka will upgrade 200 kilometres of roads in the under-developed Uva province and 100 kilometres in Amparai in the eastern province …
Tug Boats
Sept 03, 2009 (LBO) - Sri Lanka's Colombo Dockyard said it has won an order worth about seven billion rupees to build two tugs for a Singapore customer with an …
Savings Rating
Sept 03, 2009 (LBO) - Sri Lanka's Fitch Ratings has confirmed the 'AAA(lka)' rating of state-run National Savings Bank (NSB), with a 'stable' outlook. "The …
Rating Retained
Sept 03, 2009 (LBO) - Fitch Ratings has confirmed HSBC Sri Lanka's long term national Long-term rating at 'AAA(lka)' with a 'stable' outlook, on the strength …
Loss Transfer
Sept 03, 2009 (LBO) - Citibank Sri Lanka has transferred billions of rupees of losses from a defaulted derivative deal with a state-run oil retailer to a …
Shippers’ Move
Sept 02, 2009 (LBO) - The Asian Shippers' Council is to relocate its permanent secretariat to Sri Lanka from Singapore following the improved security …
Sri Lanka apparel exporter goes east
Sept 02, 2009 (LBO) - A big Sri Lankan apparel exporter has set up a new factory in the east after it was cleared of Tamil Tiger rebels, saying its main baby …
Sri Lanka may lose EU trade concessions: report
Aug 02, 2009 (LBO) - Sri Lanka may lose lucrative trade concessions to the European Union as the results of an initial investigation on human rights abuses in …
Bank Rating
Sept 02, 2009 (LBO) - Fitch Ratings said it has confirmed HSBC Sri Lanka's (HSBCSL) National Long-term rating at 'AAA(lka)' with a stable outlook. online …