No Bid
July 10, 2009 (LBO) - Hutchison Port Holdings (HPH) said it did not bid for a container terminal concession at Sri Lanka's Colombo port for a second time …
Industry
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Fuel Market
July 10, 2009 (LBO) - Sri Lankan ship fuel suppliers in Colombo port are aiming to expand their market by selling bunkers to vessels passing the island, after …
Submarine Links
July 09, 2009 (LBO) - Lanka Bell, a Sri Lankan wireless telecommunications operator, said its investment in an undersea fibre-optic cable had helped increase …
Forward Looking
July 09, 2008 (LBO) - In a far sighted move that puts the country firmly on a higher growth path Sri Lanka's central bank Governor Nivard Cabraal has ruled out …
Foreign Banks
July 09, 2009 (LBO) - Foreign banks operating in Sri Lanka had maintained or improved profitability in 2008, despite adverse conditions, a report by Fitch …
Sri Lanka tourist arrivals up in June
July 09, 2009 (LBO) - Tourist arrivals in to Sri Lanka rose in June 2009, just one month after the ethnic war ended and the first monthly growth in over a …
Sri Lanka Aitken Spence to upgrade oldest hotel to new brand
July 9, 2009 (LBO) - Sri Lanka's Aitken Spence group said it was upgrading the oldest hotel in its chain to its premium 'Heritance' brand which is built to …
Fuel Delivery
July 08, 2009 (LBO) - The Sri Lankan unit of Indian Oil Corporation said it has chartered a bunker barge to supply ship fuel in Colombo port as sales were …
Terminal Bid
July 08, 2009 (LBO) - A consortium made up of Sri Lankan conglomerate Aitken Spence and China Merchant Holdings are the sole bidders to design and build a new …
Tele Targets
July 7, 2009 (LBO) - Axiata, the parent of Dialog Telekom may offer 200 million US dollars for the Sri Lanka unit of Millicom International Cellullar, a media …
Top Marks
July 07, 2009 (LBO) - Sri Lanka's Commercial Bank said it has been named the island's 'Best Bank' by Hong Kong based ˜FinanceAsia,’ a regional financial …
Slow Down
July 07, 2009 (LBO) - Sri Lanka's commercial banks are likely to experience a slowdown in growth and profitability pressures from fresh asset quality problems, …
Listing Deadline
July 5, 2009 (LBO) - Sri Lanka's registered finance companies will have to be listed by June 30, 2011 as part of a prudential regulation framework promoted by …
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 …
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 …