Policy Breaks
April 22, 2009 (LBO) - Colombo Dockyard stands to benefit from several concessions being considered in the new draft Sri Lankan government shipping policy, …
Industry
Safety Rope
April 21, 2009 (LBO) - Low transaction costs and timely delivery is critical for micro-finance to be effective in lifting poor people out of poverty, a senior …
Sri Lanka tourist arrivals down 10.5 pct in March
Apr 21, 2009 (LBO) – Tourist arrivals to Sri Lankan fell 10.5 percent to 34,065 for the month of March 2009, with key Western European and South Asian …
Sri Lanka external trade shrinks
April 20, 2009 (LBO) - Sri Lanka's external trade contracted sharply in February 2009 with the trade gap narrowing 75. online pharmacy buy estrace with best …
Foreign Interest
April 20, 2009 (LBO) - A number of prospective buyers interested in Sri Lanka's Seylan Bank have tied up with foreign partners to bid for a 33 percent stake in …
Seylan Sale
April 18, 2009 (LBO) - Sri Lanka's central bank says six parties have expressed interest in buying a one-third stake of Seylan Bank, which was put under the …
Pay Back
April 17, 2009 (LBO) – The pay TV business of Sri Lanka's Dialog Telekom group will take time to become profitable, with break even estimated at around …
Port Proposals
April 16, 2009 (LBO) - Fourteen potential investors have collected bid documents to build and operate a container terminal in a new port coming up next to …
Medical Mediator
April 16, 2009 (LBO) - Sri Lanka's insurance ombudsman has advocated the creation of a similar office to cover the island's rapidly growing private hospital …
SIA says passenger numbers dived in March
SINGAPORE, April 16, 2009 (AFP) - Singapore Airlines (SIA) said on Thursday that passenger numbers plummeted in March as the global downturn continues to weigh …
Sri Lanka gets ADB funds for power projects
April 15, 2009 (LBO) - The Asian Development Bank (ADB) said it will provide 160 million US dollars in loans to Sri Lanka to expand and improve electricity …
Higher Costs
April 15, 2009 (LBO) - A Chinese contractor building a part of an expressway to Sri Lanka's south has more than doubled the original contract value following …
Peoples’ Burden
April 15, 2009 (LBO) - Sri Lanka's over-staffed and inefficient state-owned bus and railway services made heavy losses in 2008 despite higher revenues after …
Bank Bid
April 15, 2009 (LBO) - Sri Lanka's Sampath Bank said it has submitted an Expression of Interest to the Central Bank to buy a stake in Seylan Bank, part of the …
Sri Lanka Eagle Insurance says competition eroding profitability
Apr 14, 2009 (LBO) – Sri Lanka's Eagle Insurance, whose 2008 profits fell 12.0 percent to 463.7 million rupees, says it faces tough competition in motor …
Steady Numbers
Apr 13, 2009 (LBO) – Profits at Sri Lanka's Pan Asia Bank has grown 3.5 percent to 223 million rupees in the full-year 2008, through strong net interest …
Acid Suit
April 12, 2009 (LBO) – Sri Lanka may sue the owners of Turkish ship which sank off the island's northeastern coast with a cargo of sulphuric acid, under …
Alarm Call
April 10, 2009 (LBO) - Dialog Telekom, Sri Lanka's top celco, has said short-term gains to consumers like lower mobile call rates from intense competition …
Sea Crew
April 10, 2009 (LBO) - Belgium will recognize seafarer certificates issued by Sri Lanka allowing seamen from the island to serve aboard Belgian flagged vessels …
Merchant Cover
April 08, 2009 (LBO) - The Merchant Bank of Sri Lanka (MBSL) said it has bought full ownership of ABC Insurance Company under a share transfer agreement …