State Intervention
WASHINGTON, October 3, 2008 (AFP) - US lawmakers Friday approved a historic financial rescue plan that was quickly signed into law, but the measure failed to …
Industry
Fuel Supply
Oct 03, 2008 (LBO) - The Sri Lanka Ports Authority (SLPA) plans to increase storage of ship fuels at its newly acquired tank farm near Colombo port by building …
Sri Lankan Airlines gets acting chairman; Emirates directors out
Oct 03, 2008 (LBO) – Nishantha Wikremasinghe, an existing director of SriLankan Airlines has been appointed chairman, following the resignation of P B …
Yield Chase
Oct 03, 2008 (LBO) – Sri Lanka's central bank promised more action against unauthorized deposit institutions but said those who lost money in recent …
Banking Reach
Oct 03, 2008 (LBO) - Sri Lanka's National Development Bank (NDB) said Friday it had got central bank approval to set up an investment bank in Bangladesh. …
Sri Lankan Airlines says turnaround strategy working
Oct 02, 2008 (LBO) – Sri Lankan Airlines has significantly reduced losses in July and August and is confident that the red ink can be contained for the …
Bows Out
Oct 02, 2008 (LBO) – Sri Lanka's former finance ministry secretary P B Jayasundera, who resigned as chairman from national carrier Sri Lankan Airlines, …
Digital Identity
Oct 01, 2008 (LBO) - E-Wis, a Sri Lankan information technology firm which has been picked to automate a pension fund of a state-managed private sector …
Reaching Out
Oct 01, 2008 (LBO) - The International Finance Corporation (IFC) is organizing a banking road show in Ratnapura, in southern Sri Lanka, to help small and …
Fair Value
BRUSSELS, September 30, 2008 (AFP) - The European Union is considering a shake-up in accounting rules as part of measures aimed being drafted in response to …
Hedge Profits
Oct 01, 2008 (LBO) - Sri Lanka's Citibank unit has reported sharply higher profits from hedging deals, Fitch Ratings said, confirming its 'AAA(lka)' long term …
Slim Prices
Sept 30, 2008 (LBO) - Sri Lanka's Dialog Telekom, a unit of Telekom Malaysia said it had bagged five million subscribers, started per second billing and cut …
Paper Issue
Sept 30, 2008 (LBO) - Sri Lanka's Mercantile Investment Limited (MIL), a registered finance company, is raising 100 million rupees through a commercial paper …
Fertile Service
Sept 29, 2008 (LBO) – Sri Lanka™s Apollo Hospitals is seeing interest for fertility treatment services from the Middle East, Maldives, Canada and USA …
European Crisis
NEW YORK, September 29, 2008 (AFP) - US lawmakers agreed a 700-billion-dollar bailout of financial groups, but the financial hurricane slammed into European …
Judicial Ire
Sept 29, 2008 (LBO) – Sri Lanka's Supreme Court has slammed police and bribery authorities and summoned the country's former finance secretary to court …
Deutsche Slam
FRANKFURT, September 29, 2008 (AFP) - Shares in German banks posted steep losses Monday as a distressed real-estate lender said it had been thrown a lifeline …
Lube Trends
Sept 28, 2008 (LBO) – The Sri Lanka unit of Indian Oil Corporation has temporarily cut prices on its lubricants, aiming to capture a bigger share of the …
Ship Fuel
Sept 27, 2008 (LBO) - The Sri Lanka Ports Authority (SLPA) said Friday that it had started bunkering operations in Colombo port through a newly established …
Hunky Dory
Sept 27, 2008 (LBO) – Sri Lanka's central bank has disputed as 'misleading' a statement by a rating agency that the country's macro-economic conditions …