Surfers ride Sri Lanka’s Arugam Bay waves again
July 6, 2009, ARUGAM BAY (LBO) - Arugam Bay in eastern Sri Lanka is coming to life after the end of a 30-year war in Sri Lanka cleared the way for surfers from …
Industry
Lease Rating
July 05, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed the Commercial Leasing Company (CLC) national rating at 'A-(lka)', with a stable outlook. …
Keel Laying
July 05, 2009 (LBO) - Sri Lankan shipyard Colombo Dockyard said it has laid the keel for construction of the third Multipurpose Platform Supply Vessel for …
Energy-pioneering Austrian town exports its model
GUESSING, July 5, 2009 (AFP) - After 20 years investing in renewable energy, the small Austrian town of Guessing, a model of energy self-sufficiency, is …
Public Service
July 4, 2009 (LBO) - W A Wijewardena, widely regarded as one of the top economists the country has ever produced, retired from his post as deputy governor of …
Oil Drain
July 4, 2009 (LBO) - The Sri Lanka unit of the Indian Oil Corporation is running out of cash and may not be able to import the next consignment of oil as crude …
Britain revises Sri Lanka travel warning
July 3, 2009 (LBO) - Britain has eased a travel advisory to Sri Lanka's east but has warned of rising ant-British rhetoric amid an upsurge of nationalism and …
Infrastructure Finance
July 03, 2009 (LBO) - HSBC's Sri Lanka unit is looking to finance a private container port to be built as part of an expansion of Colombo port, and post-war …
Tele Sale
July 2, 2009 (LBO) - Millicom International Cellular, the parent of Sri Lanka's Tigo mobile network, said several buyers have expressed interest in taking over …
Half Speed
July 02, 2009 (LBO) - Raman Roy, chairman of India's Quatrro BPO Solutions, said their Sri Lanka business process outsourcing unit, a tie-up with John Keells …
Bunker Vessel
July 02, 2009 (LBO) - Lanka Maritime Services, a Sri Lankan supplier of ship fuel, said it has acquired an 8,800 DWT double-hull tanker to supply bunkers to …
Sampath Rating
July 01, 2009 (LBO) – Sri Lanka's Fitch Ratings said it has confirmed the 'AA-(lka)' national long-term rating of Sampath Bank, as well as its individual …
People’s Rating
July 01, 2009 (LBO) – Sri Lanka's Fitch Ratings Lanka said it upgraded Seylan Merchant Leasing (SML) national long-term rating to 'BBB-(lka)' from 'BB …
Sri Lanka supports Indian Ocean free trade
July 01, 2009 (LBO) - Sri Lanka has welcomed the initiatives taken to promote trade and investment among member states of an Indian Ocean regional grouping, …
Oversight Move
July 01, 2009 (LBO) – Sri Lanka's registered finance companies would be required to list on the Colombo Stock Exchange as part of an enhanced regulatory …
Sri Lanka gets Chinese loan for coal power expansion
June 30, 2009 (LBO) - Sri Lanka has got Chinese financing to add 600 Mega Watts of coal powered capacity to a generation complex where the first stage is …
Gas Pricing
June 30, 2009 (LBO) - The Sri Lankan unit of multinational Shell has reduced the price of its liquid petroleum gas while local group Laugfs has hiked its …
One Entity
June 29, 2009 (LBO) – Sri Lanka's Sampath Bank said it was merging a fully owned subsidiary dealing in government securities. Samapth Surakum Limited is …
Southern Investment
June 29, 2009 (LBO) - The Sri Lankan government wants to attract investments for ship building, and cement and fertilizer manufacturing at a new port being …
Bank Bailout
June 29, 2009 (LBO) - Sri Lanka Insurance Corporation (SLIC) may take up the bulk of risk capital in bailing out Seylan Bank, while state-run Bank of Ceylon …