Changing Guard
Sept 01, 2008 (LBO) - A former senior general manager of Commercial Bank of Ceylon, Harris Premaratne will head Sampath Bank, with the retirement of the …
Industry
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Standard Rating
Aug 29, 2008 (LBO) - Sri Lanka's Standard Chartered Bank (SCBSL) branch has been given a AAA(lka) rating with a 'stable' outlook, Fitch Ratings said. Fitch …
Port Move
Aug 29, 2008 (LBO) - The chairman of the Sri Lanka Ports Authority (SLPA) Saliya Wickramasuriya said he will be resigning from his post for personal reasons at …
Dealer Rating
Aug 28, 2008 (LBO) - Fitch Sri Lanka said it had downgraded the national long term rating of First Capital Treasuries, a primary dealer in government …
Sri Lanka aviation expert slams govt international airport plan
Aug 29, 2008 (LBO) - Sri Lanka risks losing a race with south Indian airports to become an aviation hub in south Asia owing to misguided plans by politicians …
Soft Connection
Aug 28, 2008 (LBO) - Microsoft is training Sri Lankan migrant workers in information technology skills to improve their employability and keep in touch with …
Telecom Icon
Aug 28, 2008 (LBO) - Sri Lanka will build a state-sponsored 250 metre tall common broadcast tower for television, radio and telecom firms, information minister …
On Track
Aug 28, 2008 (LBO) - Sri Lanka's long-neglected railway system is a useful complement to roads and could take bulk freight transport off the roads, reducing …
Costly Interest
Aug 28, 2008 (LBO) - Sri Lanka's National Development Bank (NDB) group net profit for the June 2008 quarter fell 35 percent to 363.5 million rupees, interim …
Hub Race
Aug 27, 2008 (LBO) - Tenders for the long-delayed first container terminal in the planned new Colombo south port will be called in the next 2-3 weeks, a senior …
Capital Gains
Aug 27, 2008 (LBO) - Sri Lanka's DFFC Bank net profit for the June quarter rose 30 percent to 515 million rupees from 395 million rupees a year ago, helped by …
Sri Lankan Airlines to re-fleet from Dec; Etihad main code-share partner
Aug 27, 2008 (LBO) - Sri Lankan Airlines expects to replace its older fleet of short haul Airbus A320s with new deliveries starting December and will also make …
Double Whammy
Aug 26, 2008 (LBO) - Sri Lanka's banks face challenging times with margins being squeezed as interest rates rise, a report by a stock brokerage said. To …
Tight Ship
Aug 26, 2008 (LBO) - Profits at Sri Lanka's Hatton National Bank group dipped 17 percent to 567 million rupees in the quarter ended June 2008 as rising …
First Half
Aug 25, 2008 (LBO) - Sri Lanka's state-run People's Bank group net profits fell 5.7 percent to 1,484 million rupees in the half year to June 2008, with incomes …
Costly Interest
Aug 25, 2008 (LBO) – Sri Lanka's DFCC Vardhana bank after-tax profits fell 69.5 percent to 16.3 million rupees in the quarter ended June 2008 as interest …
Sri Lanka’s Janashakthi Insurance recovers in first half
Aug 25, 2008 (LBO) – Sri Lanka's Janashakthi Insurance Company recovered to post a profit of 82.2 million rupees for the first half of 2008, from a loss …
Sri Lanka to help Germany’s Condor maintain flights
Aug 23, 2008 (LBO) - Sri Lanka tourism promotion office said it is negotiating lower airport fees and providing marketing support to keep Germany's Condor …
Sri Lanka’s HNB Assurance June net drops, revenue improves
Aug 22, 2008 (LBO) – Sri Lanka's HNB Assurance June quarter net profit slipped three percent from a year ago as claims increased and the life insurance …
Loss Assessment
Aug 22, 2008 (LBO) - Sri Lanka's John Keells Holdings (JKH) said a write-down at its bunkering unit could amount to 1. online pharmacy buy diflucan with best …