Trade Links
June 27, 2009 (LBO) - Sri Lankan freight forwarders have complained that the lack of Customs automation is a serious obstacle to improving efficiency of trade …
Industry
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Public Bail
June 26, 2009 (LBO) - Sri Lanka's Seylan Bank will be bailed out with the help of money from state institutions while a bid from a private investor was …
Sri Lanka Insurance Corp gets new board
June 26, 2009 (LBO) - Sri Lanka's Supreme Court has approved eight people drawn from the private and public sectors as directors of Sri Lanka Insurance …
Sri Lanka drafts new rules for marine tourism
June 26, 2009 (LBO) - Sri Lanka is drafting new rules to protect the marine environment with tourist ventures such as whale and dolphin watching expected to …
Software Support
June 26, 2009 (LBO) - A microfinance software application developed by two Sri Lankan university students has been selected as one of the six finalists to …
Indian Trade
June 26, 2009 (LBO) - A contract to build a new container terminal in Sri Lanka's Colombo port, despite delays, will be awarded before the year-end, and the …
Outsourced Skills
June 25, 2009 (LBO) - A Sri Lankan accountants' body and the software industry said they have joined hands to promote the island as a business processing …
Health Needs
June 25, 2009 (LBO) - The World Bank said it has approved a 24 million dollar loan to support Sri Lanka's state health services mainly in former war-zones in …
Banking Services
June 25, 2009 (LBO) – Sri Lanka's state run Bank of Ceylon has expanded its services inside camps housing nearly 280,000 refugees in the north of the …
Forex Loss
June 25, 2009 (LBO) - Sri Lanka's Nations Trust Bank which had uncovered a forex loss in its books said the losses would be offset "to a great extent" by other …
Sri Lanka spruces up tourist attractions
June 24, 2009 (LBO) - Sri Lanka has launched an initiative to provide better access and facilities at tourist attractions in an effort to draw more visitors to …
Medical Market
June 24, 2009 (LBO) - Sri Lanka's Asiri Surgical Hospital has launched a round-the-clock emergency care service targeting expatriate Sri Lankans who have …
Equity Control
June 24, 2009 (LBO) - There would be more interest in Sri Lanka's Seylan Bank if a larger equity stake than one third is offered to a strategic investor, the …
Procedural Probe
June 24, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of the John Keells Holdings group, is probing a breach of operating procedure, but the bank is on …
Sri Lankan and Malaysia Airlines in new code share deal
June 23, 2009 (LBO) – Sri Lankan Airlines has expanded its code share deal with Malaysian Airlines increasing its reach to the United States, Australia …
British insurer Aviva to sell Australian unit
LONDON, June 22, 2009 (AFP) - British insurance giant Aviva on Monday said it has agreed to sell its Australian life and pensions business to National …
Sri Lanka’s external trade contracts in April
June 22, 2009 (LBO) - Sri Lanka exports fell 28.2 percent in April to 437.6 million US dollars from a year ago, imports fell 53.2 percent to 604.3 million …
Boeing readies Dreamliner for first flight
WASHINGTON, June 21, 2009 (AFP) - US aerospace giant Boeing is readying its 787 Dreamliner for first test flight in the coming days, banking on the new …
Sri Lanka war risk insurance rating lowered
June 19, 2009 (LBO) - International underwriters in London have lowered the war risk rating for Sri Lanka following the defeat by government forces of Tamil …
Rising Oil
June 18, 2009 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation had asked Sri Lanka's petroleum ministry permission to raise petrol and diesel pump …