Financial Reality
Aug 10, 2009 (LBO) - Sri Lankan commercial banks which seem to enjoy wide interest margins on the surface have low profitability, amid high taxation and rising …
Industry
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Tele Calls
Aug 10, 2009 (LBO) - Profits of Sri Lanka Telecom group, fell 75 percent to 375 million in the June 2009 quarter, while revenues stayed flat at 11. online …
Sri Lankan hotel investment by Nepal firm Rs175mn: report
Aug 09, 2009 (LBO) - A Nepal conglomerate has paid 175 million rupees to buyout the Sri Lanka's listed Hayleys group from two hotels it held jointly with the …
Sri Lanka Jetwing expands overseas, links with Nepal firm
Aug 08, 2009 (LBO) - Sri Lanka's Jetwing leisure group is expanding abroad, building links with foreign partners, including Nepal's Chaudhary conglomerate …
Bank Fortunes
Aug 07, 2009 (LBO) – Sri Lanka's Sampath Bank said profits for the June quarter went up 20 percent to 449 million rupees from a year ago on higher …
Sri Lank Aitken Spence eye war-torn areas for tourism
Aug 07, 2009 (LBO) - Sri Lanka's Aitken Spence said it was eyeing tourism projects in the north and east of the island after the end of an internal conflict …
Sri Lanka Keells Hotels halves losses
Aug 07, 2009 (LBO) - Sri Lanka's John Keells Hotels said it had halved losses in the June 2009 quarter to 150 million rupees from a year ago as tourists …
Minimum Price
Aug 07, 2009 (LBO) - Sri Lanka's state-run ports authority will seek a higher royalty from the sole bidder to operate a terminal at Colombo, while keeping open …
Box Business
Aug 07, 2009 (LBO) - Container volumes rose again in July 2009 at a Colombo port terminal partly owned by John Keells Holdings whose transportation business …
Sri Lanka insurance regulator suspends Ceylinco Takaful
Aug 06, 2009 (LBO) - Sri Lanka's insurance regulator, the Insurance Board of Sri Lanka, has suspended the registration of Ceylinco Takaful for general …
Common Cause
Aug 06, 2009 (LBO) - Sri Lanka's transport and logistics professionals are to form a 'logistics directors' forum' that aims to get industry leaders together to …
Knowledge Wiki
Aug 06, 2009 (LBO) - Lankapedia, a newly launched Sri Lanka specific site styled on the popular Wikipedia portal, is setting the stage to make user generated …
Car Carrier
Aug 05, 2009 (LBO) - Global car carrier Höegh Autoliners has resumed calls at Colombo port, the Sri Lanka Ports Authority (SLPA) said. online pharmacy buy …
Tele Moves
Aug 05, 2009 (LBO) - India's Bharti Airtel is planning to bid for Sri Lanka's Tigo network which has been put on sale by its parent, Millicom International …
Flu Epidemic
RIYADH, August 4, 2009 (AFP) - A Sri Lankan man and a Saudi teenager suffering from a heart defect have died from swine flu, raising the country's flu death …
Sri Lanka to increase diplomatic representation in China
Aug 05, 2009 (LBO) - Sri Lanka will open a consulate in Chengdu, following the opening of a consulate in Shanghai, increasing the island's diplomatic …
Repair Job
Aug 04, 2009 (LBO) - Sri Lanka's Colombo Dockyard said it is getting more business in repairing offshore support vessels for the oil industry and has dedicated …
Good Quarter
Aug 04, 2009 (LBO) – Sri Lanka's Pan Asia Banking Corporation (PABC) June quarter profits shot up 346 percent on strong net interest income and higher …
Freight Move
Aug 04, 2009 (LBO) - A plan to move containers by rail in Sri Lanka and reduce congestion on roads has finally got moving with the state-owned railay making it …
Bank Trends
Aug 04, 2009 (LBO) - Sri Lanka's Hatton National Bank (HNB) said group net profit shot up 76 percent to 996 million rupees in the June 2009 quarter from a year …