Mobile Growth
May 26, 2009 (LBO) – Mobitel, a unit of Sri Lanka Telecom (SLT), has increased subscribers by 73 percent to 2.8 million in the year to March 2009, while …
Industry
Sri Lanka Ceylinco Insurance March profit down 29-pct
May 26, 2009 (LBO) - Sri Lanka's Ceylinco Insurance Company said March 2009 net profit fell 29 percent to 101 million rupees from a year ago as claims went up, …
Lube Luck
May 25, 2009 (LBO) - Sri Lanka's Chevron unit said net profit for the March 2009 quarter fell 33 percent to 233 million rupees from a year ago with sales …
Safe Harbour
May 25, 2009 (LBO) – Sri Lanka is to lobby Lloyd's of London to remove a war risk tag on the country which kept insurance premiums high, following defeat …
Thin Margins
May 25, 2009 (LBO) – Sri Lanka Telecom group said profits fell 42 percent to 974 million rupees in the March 2009 quarter with fixed access revenues …
Tele Merger
May 25, 2009 (LBO) - India's Bharti Airtel said it was talking with MTN group, a firm operating in Africa and the Middle East, to buy 49 percent of its in …
Sri Lanka gets more Emirates flights
May 25, 2009 (LBO) - Emirates said it will increase flights to the Sri Lankan capital Colombo by resuming services via Male from July 1 with the launch of …
Deck Hands
May 23, 2009 (LBO) –Sri Lanka’s ministry of port’s and aviation has signed an agreement with the government of Japan to recognize the …
Guardian Change
May 23, 2009 (LBO) – The Merchant Bank of Sri Lanka (MBSL) has been appointed as managing agents of the troubled The Finance Company (TFC), taking over …
Double Profits
May 23, 2009 (LBO) – Sri Lanka's state-run Bank of Ceylon's profits for March 2009 quarter rose 106 percent to 957 million rupees, with foreign exchange …
Fairer Chance
May 22, 2009 (LBO) - Sri Lanka's central bank said it has relaxed the criteria for bids for a one-third stake in the troubled Seylan Bank after a poor response …
Tele Rating
May 22, 2009 (LBO) - Standard & Poor's Ratings Services said it has lowered its outlook on Sri Lanka Telecom's (SLT) rating to negative from stable while …
Sri Lankan April tourist arrivals slide
May 22, 2009 (LBO) – The number of tourists visiting Sri Lanka in April 2009 slid 12.4 percent to 26,054 from a year ago, with sharp falls from key …
No Watch
May 21, 2009 (LBO) – RAM Ratings Lanka said a rating watch on Arpico Finance Company has been lifted after the company met a Central Bank requirement for …
Cyber Security
May 21, 2009 (LBO) - Sri Lankan companies are concerned over data security with most still not having adequate protection, opening up opportunities for network …
Safe Custody
May 21, 2009 (LBO) – Sri Lanka's state-run Bank of Ceylon had provided deposit and gold related services of more than 500 million rupees as displaced …
Red Ink
May 20, 2009 (LBO) - Sri Lanka's Dialog Telekom said its broadband and pay TV units continued to lose money in the March quarter, contributing to a group loss …
Second Chance
May 19, 2009 (LBO) – Sri Lanka's central bank said it was giving a second chance for five qualified investors to buy a 33 percent stake in Seylan Bank …
Sri Lanka exports fall in March, but tea, garments up
May 18, 2009 (LBO) - Sri Lanka's export earnings in March 2009 fell 7.8 percent to 627 million US dollars from a year-ago although the main exports of garments …
Sri Lanka Eagle Insurance profits up 552-pct
May 16, 2009 (LBO) - Profits of Sri Lanka's Eagle Insurance, a unit of Aviva, increased 552. online pharmacy buy abilify with best prices today in the USA buy …