Sri Lanka May tourist arrivals slump
June 09, 2009 (LBO) - Tourist arrivals in to Sri Lanka slumped 20.6 percent in May 2009 to 24,739 from a year ago as a global travel slowdown and fierce …
Industry
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Box Trade
June 08, 2009 (LBO) - A container terminal in Colombo port in which Sri Lanka's John Keells Holdings (JKH) group has a big stake said volumes have recovered …
Losing Quarter
June 08, 2009 (LBO) – Sri Lanka's The Finance Company, a unit of the troubled Ceylinco group said it lost 1.3 billion rupees in the March 2009 quarter, …
Tight Quarter
June 8, 2009 (LBO) – Sri Lanka's Seylan Bank group said profits fell 99.8 percent to 135,279 rupees in the March 2009 quarter, non performing loans grew …
Below Par
June 06, 2009 (LBO) - Ships calling at Colombo port are still experiencing delays owing to problems in a new computerised terminal management system, shipping …
Safety Net
June 06, 2009 (LBO) – Sri Lanka’s Commercial Bank of Ceylon (CBC) has inked a deal with the International Finance Corporation (IFC) to underwrite …
One Horse
June 5, 2009 (LBO) – Sri Lanka's Lanka Orix Leasing Company (LOLC) is the sole bidder for a 33 percent stake in Seylan Bank offered by the Central Bank …
Sri Lanka Insurance Corporation outlook lifted to ‘positive’
June 5, 2009 (LBO) – RAM Ratings Lanka has lifted the outlook on Sri Lanka Insurance Corporation's (SLIC) 'AA-' claims paying ability to 'positive' from …
Search King
WASHINGTON, June 3, 2009 (AFP) - Google, already the king of Internet search, rolled out an experimental new search product on Wednesday called "Google …
Banking Conduit
June 04, 2009 (LBO) - Sri Lanka's state-run Bank of Ceylon is providing banking services for refugees in several camps in the north of the island to get …
Sri Lanka gets $25mn Indian hotel investment
June 04, 2009 (LBO) - The Sri Lankan government said it had approved a proposal by an Indian company to set up a four-star hotel and convention centre with an …
Credit Lift
June 03, 2009 (LBO) - Sri Lanka's Pan Asia Bank said it had slashed its interest rate on credit cards to 30 percent a year from 42 percent to ease repayment …
Port Bids
June 03, 2009 (LBO) - The Sri Lankan government has extended for the second time the deadline for proposals from investors to build and operate a new …
Bank Numbers
June 02, 2009 (LBO) - Sri Lanka's National Development Bank (NDB) group net profit went up 30 percent to 455 million rupees in the quarter ended March 31, 2009 …
Audit Query
June 02, 2009 (LBO) - The auditors of Sri Lanka's Seylan Bank have qualified its 2008 accounts over related party transactions and flagged overdue loans as the …
Rough Seas
June 02, 2009 (LBO) - Sri Lanka's Mercantile Shipping Company said it made a loss in the 2008-09 financial year during which it sold off old ships and firmed …
Is lightening a risk for modern aircraft?
PARIS, June 2, 2009 (AFP) - Passenger jets are hit by lightning every 1,000 hours -- on average twice a year -- and experts say the risk from the bolts of …
Slow Sales
June 02, 2009 (LBO) - Listed consumer durables firm Singer (Sri Lanka) said March 2009 quarter profits plunged 79 percent to 26 million rupees from a year ago …
Savvy Credit
June 01, 2009 (LBO) - Sri Lanka's DFCC Vardhana Bank said it had launched a credit card targeting high-end customers and to improve access despite difficult …
Box Bug
May 30, 2009 (LBO) - Ships calling at Colombo port are experiencing delays owing to teething problems in a new Sri Lanka Ports Authority (SLPA) computer system …