Overlooking
Aug 24, 2009 (LBO) - Following the resignation of PABC chief executive Kimarli Fernando, deputy general manager has been appointed acting chief executive "with …
Industry
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Sri Lanka Aitken Spence, Six Senses revive spa project
Aug 24, 2009 (LBO) - Aitken Spence, one of Sri Lanka's top hotel firms, has resumed talks with Six Senses Spas, an international spa chain, on building an …
Sri Lanka offers Pakistan exclusive industrial zone: report
Aug 23, 2009 (LBO) - Sri Lanka has offered an industrial zone exclusively for Pakistan in a bid to promote inward investment from South Asian and Middle East …
Sri Lanka insurance firm makes loss as costs rise
Aug 23, 2009 (LBO) – Sri Lanka's Asian Alliance Insurance Company said it made a 48-million rupee loss in the first half of 2009 as higher claims and …
Mobile Cover
Aug 22, 2009 (LBO) - Mobitel, a unit of fixed access carrier Sri Lanka Telecom will spend up to 30 million US dollars expanding in to former war zones in the …
Shake Up
Aug 21, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of John Keells Holdings has shaken up the top management of the bank shortly after an 800 million …
New Ship
Aug 21, 2009 (LBO) - Mercantile Shipping Company, a listed company that once had Sri Lanka's biggest fleet, has taken delivery of the first of a pair of new …
Reverse Gear
Aug 20, 2009 (LBO) – Sri Lanka's United Motors Lanka (UMLL) made a 132 million-rupee loss in the June 2009 quarter as sales almost halved owing to weak …
Bunker Share
Aug 20, 2009 (LBO) - The Sri Lanka unit of Indian Oil Corporation has about a third of the bunkering market barely 10 months after starting ship fuel sales at …
Sri Lanka Janashakthi Insurance six-month net up 223-pct
Aug 20, 2009 (LBO) - Sri Lanka's Janashakthi Insurance said net profit in the six-months to June 2009 rose 223 percent to 265.6 million rupees from a year ago …
Sri Lanka apparel firm to make fleece fabric
Aug 20, 2009 (LBO) - Textured Jersey Lanka (TJL), a joint venture between Pacific Textiles and Sri Lankan apparel export group Brandix, said it plans to …
Retail Plan
Aug 19, 2009 (LBO) - Sri Lanka's supermarket chain Cargills (Ceylon) said it plans to invest in the former northern war zone as its retail and consumer goods …
Power Deal
SYDNEY, August 19, 2009 (AFP) - Australia touted itself as a "global energy superpower" after shrugging off diplomatic tensions with China to sign a record 41. …
Mobile Google
Aug 19, 2009 (LBO) - Mobitel, a unit of fixed access provider Sri Lanka Telecom, is offering Google's mobile email, calendar and document reading services to …
Shipping Costs
Aug 18, 2009 (LBO) - Sri Lankan shippers face the prospect of an increase in transportation costs to export markets with loss-making global carriers beginning …
Tough Streak
Aug 17, 2009 (LBO) – Sri Lanka's The Finance Company, a unit of the troubled Ceylinco group, said it lost 693 million rupees in the June 2009 quarter as …
Brand Building
Aug 16, 2009 (LBO) – Sri Lanka known as a manufacturing hub for leading international brands and a commodity producer should develop a strategy to build …
Sri Lanka Insurance Corp upgraded by Fitch on taxpayer support
Aug 15, 2009 (LBO) - Fitch Ratings said it has upgraded the rating of Sri Lanka's largest insurer following its nationalisation on a court order, saying it …
Fibre Backbone
Aug 15, 2009 (LBO) - Sri Lanka telecom regulator is evaluating expression of interest from seven investors who responded to a call to build a fibre optic …
Transport Costs
Aug 15, 2009 (LBO) - Asian shippers meeting in Colombo said they would lobby governments in the region to reform laws to prevent price fixing by shipping lines …