Reaching Out
Mar 05, 2009 (LBO) – Sri Lanka's two biggest banks, state-owned Bank of Ceylon (BOC) and the private listed Commercial Bank, plan to expand in areas of …
Industry
Broken Axle
March 04, 2009 (LBO) – Sri Lanka's once prosperous motor industry has seen a sharp fall in sales, hit by shrinking credit, a fast depreciating rupee and …
Long Voyage
March 04, 2009 (LBO) - Sri Lanka's Hemas Holdings has got two seats on the board of directors of Mercantile Shipping Company, a ship owner and operator in …
Sri Lanka seeks insurance after Pakistan attack
March 4, 2009 (AFP) - Sri Lanka on Wednesday called for bids to insure the national cricket team, a day after a gunmen ambushed their bus in Pakistan, leaving …
Sri Lanka Ceylinco Insurance veterans promoted
March 03, 2009 (LBO) - Sri Lanka's Ceylinco Insurance said it has appointed Rajkumar Renganathan and Ajith Gunawardena, chief executive directors of the …
Outlook Cut
Mar 03, 2009 (LBO) – Fitch Ratings has cut the credit outlook of Sri Lanka Telecom (SLT), the island's largest fixed access operator, to 'negative' from …
Downgraded
Mar 03, 2009 (LBO) - The 'AAA(lka)' rating on Sri Lanka's Dialog Telekom was cut by two notches to 'AA(lk)' Fitch Ratings, following price competition which is …
Profit Standard
LONDON, March 3, 2009 (AFP) - Emerging markets bank Standard Chartered said Tuesday that net profit jumped a fifth to 3. buy albenza online …
Banking Woes
March 02, 2009(LBO) - Sri Lanka's Seylan Bank said it made a loss of 709 million rupees in the December 2008 quarter compared with group net profit of 199 …
Last Resort
Feb 27, 2009 (LBO) - Sri Lanka's central bank may open a liquidity facility as a last resort, in a bailout package for troubled finance and leasing companies …
In Remand
Feb 26, 2009 (LBO) – Lalith Kotelawala, chairman of Sri Lanka's Ceylinco group, has been arrested and remanded over an alleged fraud that caused the …
Big Guys
Feb 26, 2009 (LBO) - A call for bids to build a new container terminal in Colombo port has drawn the interest of some of the world's top port operators and …
Economic Lubricant
Feb 26, 2009 (LBO) - Sri Lanka's cabinet of ministers has approved a bailout package for finance and leasing firms in a move to release assets seized from …
Loan Slowdown
Feb 25, 2009 (LBO) - Sri Lanka's DFCC Bank said group net profit for the December 2008 quarter rose 25 percent to 638 million rupees from a year ago but that …
Quick Links
Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka's regional government offices have been boosted with broadband services which will …
Migrant Move
SYDNEY, February 23, 2009 (AFP) - Australia will likely cut the number of skilled immigrants allowed into the country next year, following the global economic …
Sri Lanka exporters to get incentives as downturn worsens
Feb 23, 2009 (LBO) - Sri Lanka has unveiled an export incentive program based on maintaining revenues and employment, while emerging data shows contracting …
Risky Behaviour
Feb 23, 2009 (LBO) - Sri Lanka's existing financial regulation are adequate to take action against unregistered finance firms who defraud customers, a former …
Sri Lanka seen as China marketing hub
Feb 23, 2009 (LBO) – Chinese businesses are eying Sri Lanka's regional and international trade concessions and strategic geographical location as a …
Bigger Banks
Feb 22, 2009 (LBO) - Sri Lanka's banking sector is not at risk from the global credit crisis but needs consolidation to be able to improve returns and attract …