More Liquidity
Oct 13, 2008 (LBO) – Sri Lanka's central bank has cut the reserve requirement of commercial banks from 10 percent to 9.25 percent, and further relaxed …
Industry
Sri Lanka elephant gathering wows visitors
MINNERIYA, Sri Lanka, (AFP) - As evening falls, a female elephant and her pink-skinned baby emerge from the jungle for a leafy snack around an ancient …
Bad Moods
SINGAPORE, October 12, 2008 (AFP) - As the global financial storm blows fear through Asia's stock markets, Filipino maid Christy Arciaga is jittery -- even …
Shipping Trends
Oct 10, 2008 (LBO) - Sri Lanka's Colombo port needs to move fast to build new deep-water terminals if it is to remain competitive, a senior official of the …
Bank Rating
Oct 10, 2008 (LBO) - Fitch Ratings Lanka Friday affirmed Sri Lanka's DFCC Vardhana Bank's (DVB) National Long-term rating at 'AA-(lka)' with a stable outlook. …
More Funds
Oct 10, 2008 (LBO) – Hong Kong Shanghai Banking Corporation (HSBC) said it has strengthened the capital base of its UK subsidiary, HSBC Bank, through an …
Sri Lanka’s Jaffna to get new power plant
Oct 10, 2008 (LBO) – A new 36 MegaWatt power plant that will come online in the northern Jaffna peninsular at the end of the month ending power cuts in …
Bank Rating
Oct 09, 2008 (LBO) - Fitch Ratings Lanka has affirmed the National Long-term rating of DFCC Bank (DFCC) at 'AA(lka)' with a stable outlook. online pharmacy buy …
Postal Banking
Oct 09, 2008 (LBO) – Sri Lanka’s DFCC Vardhana Bank has struck a deal with Sri Lanka Post to use its post offices to reach more banking customers …
IBM Push
Oct 08, 2008 (LBO) – Midware Technologies, a Sri Lanka IT firm has been appointed a distributor of IBM Software group to drum up business in Sri Lanka …
Reaching Out
Oct 07, 2008 (LBO) - The World Bank is increasing support for Sri Lankan small businesses, through its private sector funding arm, International Finance …
Dollar Loan
Oct 07, 2008 (LBO) – Sri Lanka has called proposals for a 300 million US dollar syndicated loan, with another 150 million US dollars now being …
Sri Lanka to code share with Etihad to Europe and Jordan
Oct 07, 2008 (LBO) – Sri Lankan Airlines will code share with Abu Dhabi based Etihad to Geneva, Dublin, Munich, Brussels and Manchester, while Eithad …
Winding Up
Oct 07, 2008 (LBO) - Sri Lanka's troubled merchant bank Vanik Incorporation said it had been ordered to wind up by the district court of Colombo in a case …
Port Moves
Oct 06, 2008 (LBO) - The Sri Lanka Ports Authority (SLPA) intends to build and operate a container terminal in the planned new deep-draft port being built next …
State Support
Oct 06, 2008 (LBO) - Fitch Ratings Lanka has confirmed Sri Lanka's People's Bank (PB) national long-term 'A-(lka)' rating with a 'positive' outlook and the …
Global Jitters
LONDON, October 6, 2008 (AFP) - World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall …
Housing Woes
Oct 05, 2008 (LBO) - Sri Lanka's HDFC Bank, a state-backed mortgage lender, has been downgraded a notch from 'A-(lka)' to 'BBB+(lka)', on rising interest …
Honest Broker
Oct 05, 2008 (LBO) – US Treasury Secretary Henry Paulson's request from lawmakers for 700 billion dollars to bailout Wall Street banks, including one he …
Unsolicited ID
Oct 04, 2008 (LBO) - Sri Lanka is to issue electronic identity cards with transponders which authorities can use to identify fishermen at sea and also develop …