Downgraded
Mar 23, 2009 (LBO) – Fitch Sri Lanka has downgraded the rating of Industrial Finance Limited (IFL), a central bank regulated finance company, to …
Industry
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Risk Management
March 23, 2009 (LBO) - The International Finance Corporation said it is helping bank executives in Sri Lanka and other South Asian countries to understand and …
Sri Lankan Airlines in green flight
Mar 21, 2009 (LBO) - Sri Lankan Airlines, the national carrier of the Indian Ocean island had its first 'green flight' Saturday using recyclable consumables on …
Rating Cut
Mar 20, 2009 (LBO) - Sri Lanka's The Finance Company (TFC) has lost its investment grade rating with a two notch downgrade to 'BB+(lka)' from 'BBB(lka)' with …
Cash Management
Mar 20, 2009 (LBO) - Balance sheets of Sri Lanka's non bank financial firms have shrunk over 10 percent in two months as jittery savers took cash out, but the …
Group Rating
Mar 20, 2009 (LBO) - Fitch Ratings has confirmed the 'AAA(lka)' rating of Sri Lanka's John Keells Holdings (JKH) with a 'stable' outlook. buy bactroban online …
No Scrapping
March 20, 2009 (LBO) - Sri Lanka has ruled out ship breaking as an industry under its efforts to promote the island as a maritime hub, going against the trend …
Sri Lanka Allianz unit pre-tax profit up
March 19, 2009 (LBO) - The Sri Lanka unit of Allianz Insurance, a German insurer, said net profit before tax rose 63 percent to 86 million rupees in 2008 from …
Sri Lankan hotels told of financial gains of cleaner production
March 19, 2009 (LBO) - Sri Lankan hotels stand to make financial gains by adopting cleaner production methods if done in a systematic manner, the head of the …
Sri Lanka Jan 2009 exports, imports fall sharply
March 18, 2009 (LBO) - Sri Lanka's trade deficit contracted by 66. online pharmacy buy cymbalta with best prices today in the USA online pharmacy buy abilify …
State Support
Mar 17, 2009 (LBO) - A Sri Lankan state-run bank that has lent money to a controversial state airline will get a 400 million rupee injection from the Treasury …
Managed Finance
Mar 16, 2009 (LBO) – Sri Lanka's The Finance Company, a member of the troubled Ceylinco group, will be run by a former senior state bank executive who …
Default Window
Mar 16, 2009 (LBO) - Defaulters in Sri Lanka whose leased assets have been seized by financial institutions will be given a one month window to pay a quarter …
Scandalous Truth
Mar 15, 2009 (LBO) – India's Satyam collapsed due to the company pouring millions of dollars into undisclosed real estate assets that delivered inflated …
Credit Watch
Mar 14, 2009 (LBO) - Fitch Ratings has put the 'BBB-(lka)' rating of Sri Lanka's People's Merchant Bank (PMB) on a negative watch after the firm said it was …
Takeover Track
March 14, 2009 (LBO) - Fitch Ratings Lanka has confirmed the 'A-(lka)' rating of People's Leasing Company (PLC) with a stable outlook following its …
Sri Lanka HNB Assurance profit up
March 13, 2009 (LBO) - Sri Lanka's HNB Assurance said after tax profit rose 33 percent to 164. online pharmacy buy spiriva inhaler with best prices today in …
Tech Ideas
March 13, 2009 (LBO) - Sri Lanka's software industry has teamed up with the British Council to promote technology entrepreneurship among university students. …
Bucket Pricing
Mar 13, 2009 (LBO) – Sri Lankan fixed access telco, Lanka Bell has started two packages with batches of free outgoing minutes, intensifying competition …
Overseas Outlook
Mar 13, 2009 (LBO) – Sri Lanka's Hatton National Bank (HNB) said it is going ahead with overseas expansion in South Asia and the Middle East despite a …