Bank Rating
Sept 11, 2008 (LBO) - Sri Lanka's Fitch Ratings has confirmed the 'AA(lka)' rating of state-run Bank of Ceylon, with 'stable' outlook, and said its exposure to …
Industry
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Sri Lanka power utility to start net metering
Sept 11, 2008 (LBO) - Sri Lanka's power distributors are to start net metering, where customers would be able to generate small amounts of renewable energy, …
Cyber Education
Sept 12, 2008 (LBO) - Sri Lanka is starting post-graduate university courses using broadband mobile links provided by Mobitel, a celco, to remotely lecture …
Bunker Supply
Sept 11, 2008 (LBO) - Ship fuel prices at Colombo port could fall by around five percent after a tank farm previously operated by one player is converted to a …
Foreign Unit
Sept 11, 2008 (LBO) - Sri Lanka's Commercial Bank said the long term credit rating of its Bangladesh unit had been upgraded by one notch to AA+ from AA, by …
Sri Lanka state budget airline asks for more cash
Sept 11, 2008 (LBO) - Sri Lanka's troubled state-run budget carrier Mihin Air is to ask for another three billion rupees in peoples' money in the next budget …
Exploration Spend
Sep 11, 2008 (LBO) - Cairn India said its Sri Lanka unit had signed a deal with Sri Lanka's investment promotion office to cover a 110 million US dollar oil …
Bunker Business
Sept 10, 2008 (LBO) - Sri Lanka's John Keells group said its bunkering unit Lanka Marine Services (LMS) will continue to supply bunkers at Colombo port with a …
Sri Lankan Airlines on new direction to trim fuel
Sept 10, 2008 (LBO) - Sri Lankan Airlines says it is cutting fuel use by making clean landing approaches at its home base in Colombo and through a series of …
Sri Lanka to build premium tourism zone; offers 14 islands
Sept 09, 2008 (LBO) - Sri Lanka is to offer a new tourism zone for development in Kalpitiya in the country's north western coast, which has 14 islands in which …
Sri Lanka’s Brandix bags top ‘green’ rating
Sept 09, 2008 (LBO) - Sri Lanka's Brandix, an apparel maker said one of its eco-friendly factories that made clothes for UK's Marks & Spencer retail chain, had …
Full Penetration
Sept 09, 2008 (LBO) - Sri Lanka top celcos firms said they will connect more people by finding ways to lower costs, despite rising inflation and taxes on …
Competition
Sept 09, 2008 (LBO) - Sri Lanka incumbent mobile operators say the industry has healthy competition and are denying claims by new rival, India's Airtel that …
Digital President
Sept 09, 2008 (LBO) - Sri Lanka has a 'digital president' who is strongly backing the spread of information communications technology (ICT) in the country, …
Broad Backbone
Sept 08, 2008 (LBO) - Sri Lanka is planning an optical fibre backbone to take broadband internet access to rural areas of the island, with the infrastructure …
Best Prices
Sept 08, 2008 (LBO) - Sri Lanka cellco Mobitel, a unit of fixed access carrier Sri Lanka Telecom is readying to call proposals to buy international bandwidth …
Bunker Deadline
Sept 08, 2008 (LBO) - Sri Lanka's Supreme Court has given the bunkering unit of John Keells Holdings (JKH) till September 12 to vacate a tank farm, and the …
Pathbreakers II
Sept 07, 2008 (LBO) – Sri Lanka's educational reality series, Pathbreakers by ETV has planned its second season named 'Aspirations Conquest' with a tie …
Lending Trends
Sept 07, 2008 (LBO) - Sri Lanka's Union Bank has reported strong loan growth in the six months ending June 30, bucking the industry trend, although net profit …
Tele Tower
Sept 05, 2008 (LBO) - An iconic telecom tower to be built in Sri Lanka's capital Colombo may cost about 10 billion rupees (92 million US dollars) and the …