Industry

Slow Way

Aug 05, 2008 (LBO) - The government lacks the funds to build part of an expressway in southern Sri Lanka that is scheduled to be completed by 2010, a senior …

Money Management

August 4, 2008 (LBO) – Sri Lankan savers, faced with the prospect of the value of their savings being eroded by record inflation, are being advised to …

Risky Waters

Aug 04, 2008 (LBO) - Heavy swells caused by monsoon weather are creating delays at Colombo port, officials at shipping lines calling at the Sri Lankan harbour …

Online Books

Aug 04, 2008 (LBO) - A Sri Lankan firm has started selling books by local authors on the internet with soft copies available for download, the company, Z-World …

Bank Trends

Aug 04, 2008 (LBO) - Fitch Ratings has confirmed the 'AAA(lka)' national long-term rating of HSBC Sri Lanka with a stable outlook. The ratings agency said in a …

Erotic Fee

Aug 03, 2008 (LBO) - Sri Lanka has ordered internet firms to filter pornographic content, but adults could buy unrestricted access for special fee with …

Express Deal

Aug 01, 2008 (2008) - The Sri Lankan government plans to award a Chinese firm the contract to build a long-delayed expressway linking the capital Colombo with …

Bank Trends

July 31, 2008 (LBO) - Sri Lanka's Nations Trust Bank (NTB) said June quarter net profit rose 54 percent to 141 million rupees from a year ago, with a sharp …

Sri Lanka insurance regulator cracks down on misleading ads

July 31, 2008 (LBO) - The Insurance Board of Sri Lanka has revealed it had warned several insurance firms that violated regulations and also resorted to …

Medical Perks

July 30, 2008 (LBO) – Sri Lanka's health minister's appointment to the World Health Organisation (WHO) could help channel more foreign funds to develop …

Sri Lanka suspends internal flights for security reasons

July 30, 2008 (LBO) - Sri Lankan authorities plan to suspend domestic flights to northern Jaffna later this week for the duration of a summit of south Asian …

Sri Lanka Allianz unit enters life insurance market

July 30, 2008 (LBO) - Allianz Lanka, the Sri Lankan unit of Germany's Allianz SE, said it has got the license to enter the largely untapped life insurance …

Steady State

July 29, 2008 (LBO) - Fitch Sri Lanka has confirmed the 'AAA(lka)' long term rating of state-run National Savings Bank with a stable outlook but has said low …

Higher Skills

July 29, 2008 (LBO) - The Cranfield School of Management in the UK has offered a Master of Business Administration scholarship to any member of Sri Lanka's …

Better Travel

July 29, 2008 (LBO) – An efficient public transport system will help Sri Lanka reduce its fuel bill and curb environmental pollution, a top official from …

Combined Entity

July 28, 2008 LBO) - Sri Lanka's finance ministry plans to bring a proposed new law to amalgamate six regional development banks (RDBs) to parliament early …

Sri Lanka shifts site of planned second international airport

July 28, 2008 (LBO) - Sri Lanka's ports and aviation ministry has stopped work on a controversial new international airport in the island's south and decided …

Aromatic Growth

July 27, 2008 (LBO) - Cosmetics manufacturer Oriflame says the market for its products in Sri Lanka grew by almost half in 2007, more than the average growth …

Retirement Plan

July 25, 2008 (LBO) - Sri Lankans must start making specific plans to save and invest money early enough to help at the time of retirement or in an emergency, …

Transworks Project

July 25, 2008 (LBO) - Sri Lanka will look for private investors to develop prime state property in the heart of the capital Colombo, who would be expected to …