Sri Lankan Airlines get second Airbus A320
April 29, 2009 (LBO) - SriLankan Airlines said it had acquired a second Airbus A320 as part of its narrow-body aircraft re-fleeting program where the existing …
Industry
Terminal Bids
April 29, 2009 (LBO) - The Sri Lanka Ports Authority has extended the deadline for bids for the first container terminal in the new South Port of Colombo, work …
Merchant Deal
April 28, 2009 (LBO) - Merchant Bank of Sri Lanka (MBSL) said it had almost completed a deal to take control of Ceylinco Savings Bank, a member of the troubled …
Rail Freight
April 28, 2009 (LBO) - Sri Lanka's state-run railway service has started a goods wagon repair workshop aimed at improving maintenance and more carriage of …
Sri Lanka CEB in trouble due to politicians: minister
April 27, 2009 (LBO) – Sri Lanka's state-run power utility is in financial trouble because politicians have made wrong decisions, a government minister …
Top Marks
April 27, 2009 (LBO) - Sri Lanka's Commercial Bank of Ceylon said its Bangladesh operations have been given an 'A' rating by the banking regulator in that …
Sri Lanka Asian Alliance life-insurance profits up
Apr 27, 2009 (LBO) – Sri Lanka's Asian Alliance Insurance Company said 2008 profits rose 20 percent to 135.4 million rupees due to higher profitability …
Asset Sale
April 27, 2009 (LBO) - Sri Lanka's Ceylinco Finance said it has decided to sell some of its assets to raise funds to improve its liquidity position. online …
Sri Lanka boycott call from Australian Tamil protesters
SYDNEY, April 26, 2009 (AFP) - Hundreds of Tamil protesters burned Sri Lankan-produced tea and clothes as they marched through central Sydney on Sunday calling …
Text News
April 25, 2009 (LBO) - Dialog, Sri Lanka's largest telco, has made available news from the government's department of information through its popular short …
Fair Play
April 25, 2009 (LBO) - Bunker prices in Colombo port have fallen following a court verdict that ended an effective monopoly on ship fuel held by Sri Lanka's …
Sri Lanka approves electricity improvement project
April 24, 2009 (LBO) - The Sri Lankan government said the Cabinet has approved a foreign aid funded project to expand and improve electricity services, …
Asian View
April 24, 2009 (LBO) – Millicom International Cellular, the parent of Sri Lanka's Tigo cellular network, says it may sell out of Asian units, despite …
Golden Probe
April 24, 2009 (LBO) – Sri Lanka's central bank has asked customers of the failed Golden Key Credit Card Company to submit details of their deposits and …
Fuel Mix
April 24, 2009 (LBO) – Sri Lanka will decide on whether to call proposals for a liquefied natural gas (LNG) power plant after a study funded by Japan is …
Bidding List
April 24, 2009 (LBO) - Sri Lanka's central bank has cleared five out of six parties who expressed interest in buying a 33.3 percent stake in Seylan Bank to …
Sri Lanka aviation policy mulls further opening
April 24, 2009 (LBO) - A new Sri Lankan aviation policy aims to encourage investment and open the sector up for more carriers, ground handling and caterers as …
Maritime Draw
April 23, 2009 (LBO) - Sri Lanka's ship registry, which governments have long promoted with little success, will get six brand new vessels belonging to a group …
Sri Lanka Trans Asia hotel to be re-branded
April 23, 2009 (LBO) - Sri Lanka's Trans Asia hotel, part of the John Keells group, will be closed for repairs after being damaged in a Tamil Tiger air raid …
Sri Lanka Amana Takaful cuts losses, sees scope in medical insurance
April 23, 2009 (LBO) - Sri Lanka's Amana Takaful Insurance said it made a premium income of over a billion rupees in 2008, helping to reduce losses, and that …