Sri Lanka Janashakthi continues to pay claims; talking to regulator
May 16, 2009 (LBO) – Sri Lanka's Janashakthi Insurance said it had made submissions to the regulator to end a three week suspension of its license and …
Industry
Sri Lanka fabric maker’s 2008-09 profit slumps
May 15, 2009 (LBO) - Sri Lanka's Hayleys MGT Knitting Mills said net profit slumped 45 percent to 3.2 million US dollars in the 2008-09 financial year from a …
Cost Savings
May 15, 2009 (LBO) - Sri Lanka's Dialog Telekom said it expects to make an annual cost saving of 500 million rupees by shedding staff through a voluntary …
Sri Lanka Janashakthi on negative rating watch
May 14, 2009 (LBO) - The 'BBB+' claims-paying-ability rating of Sri Lanka's Janashakthi Insurance has been put on watch with a negative outlook following the …
Cyber Warfare
May 14, 2009 (LBO) - Sri Lanka's information technology (IT) security market is poised to grow given rising computer use among business and government, online …
Weak Data
May 14, 2009 (LBO) – Sri Lanka's Dialog Telekom, a unit of Telekom Malaysia said it had lost 1.86 billion rupees in the March 2009 quarter against a …
Sri Lanka Janashakthi says confident of getting ban lifted
May 13, 2009 (LBO) - Janashakthi Insurance said it was confident of getting a 'sudden and unexpected' suspension of its licence by the Insurance Board of Sri …
Leaner Model
May 13, 2009 (LBO) - Benefits of Dialog Telekom’s six month long cost reduction program, including retrenching 280 staff, will start kicking in by the …
Bank Trends
May 13, 2009 (LBO) - Sri Lanka's Hatton National Bank (HNB) said its group net profit for the March quarter fell four percent to 712 million rupees from a year …
Sri Lanka Janashakthi Insurance licence suspended for three weeks
May 12, 2009 (LBO) - Sri Lanka's Insurance Board said it has suspended Janashakthi Insurance's licence for three weeks from Tuesday and prohibited it from …
Sri Lanka Janashakthi appeals against suspension of insurance licence
May 12, 2009 (LBO) - Janashakthi Insurance said it had appealed against the suspension of its licence by the Insurance Board of Sri Lanka which was due to …
Mobile Football
May 12, 2009 (LBO) – Sri Lankan football fans now have the option to have interactive gaming sessions, download content and view English premiership …
Bootleg Ware
May 12, 2009 (LBO) - Software piracy in the Asia-Pacific region continued to grow last year with Sri Lanka the second worst offender, a study said Tuesday, AFP …
Intact Core
May 12, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed the 'AA+(lka) national long-term rating of Commercial Bank, Sri Lanka's largest private bank, …
Sri Lanka apparel exports holding up
May 11, 09 (LBO) - Sri Lankan apparel exports are slowing as demand slumps with recession but a weaker rupee and continuing duty free access to Europe enable …
Profit Outlook
LONDON, May 11, 2009 (AFP) - Global banking giant HSBC said on Monday that profits were rising strongly on the basis of first-quarter data and it saw "robust" …
Bank Chase
May 9, 2009 (LBO) - Two Sri Lankan financial firms, Lanka Orix Leasing Company and Sampath Bank are most likely to have submitted bids for a one-third stake in …
Learning Centre
May 09, 2009 (LBO) - Sri Lanka's Institute of Technological Studies (ITS) which has formed a partnership with a foreign partnership to start a medical college …
Sri Lanka gambling on monsoon onset to avoid power cuts
May 8, 2009 (LBO) – Sri Lanka has not yet discussed power cuts, a senior government minister said as hydro storage at the country's state run power …
Higher Margins
May 08, 2009 (LBO) - Sri Lanka's Nations Trust Bank (NTB) said group net profit for the March quarter rose 25 percent to 180 million rupees from a year ago. …