Slippery Future
July 25, 2008 (LBO) - Fitch Ratings said the future of the bunkering business of Sri Lanka's John Keells Holdings was uncertain after a court ordered the …
Industry
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Sri Lanka fabric maker’s June quarter profits hit by floods
July 25, 2008 (LBO) - Hayleys MGT Knitting Mills, which supplies knitted fabric to Sri Lanka's apparel industry, said June quarter net profit fell 19 percent …
Sri Lanka approves Indian power cable link
July 24, 2008 (LBO) - Sri Lanka's cabinet of ministers has approved a proposal to link Southern India and Sri Lanka through a submarine power cable, a senior …
Sri Lanka A&E unit in new deal with apparel industry
July 24, 2008 (LBO) - American & Efird Lanka (Pvt) Ltd. has secured a deal to be the preferred sewing thread supplier to Sri Lanka's apparel industry for the …
Rail Loan
July 23, 2008 (LBO) - Sri Lanka has inked a deal with India's Export-Import Bank of India to borrow 100 million US dollars to upgrade a coastal rail track and …
Sri Lanka capital to get direct link to Dhaka with Best Air
July 23, 2008 (LBO) - Best Air, a private Bangladeshi carrier, will start direct flights from Dhaka to the Sri Lankan capital Colombo catering to growing …
Dashboard View
July 23, 2008 (LBO) - Sri Lankan firms can gain more benefits by choosing software that is flexible to match the size and growth of a company and can be easily …
Forex Accounts
July 22, 2008 (LBO) - Commercial Bank said it has begun accepting deposits from foreigners and Sri Lankan expatriates after the Central Bank relaxed foreign …
Inflating Luck
July 22, 2008 (LBO) - The Sri Lankan government is going to double the prices of lottery tickets from September onwards. online pharmacy buy abilify with best …
Sri Lankan Airlines to reduce flights to cut costs
July 22, 2008 (LBO) - Sri Lankan Airlines plans to reduce flights to cut costs amid soaring fuel prices but said the new schedule would not affect key …
SMS Business
July 22, 2008 (LBO) - Sri Lankan business news from Lanka Business Online (LBO) is now available on Dialog SMS, giving the opportunity for people on the move …
Sri Lanka-India trade deal proponents emphasise benefits
July 22, 2008 (LBO) - Sri Lankan proponents of a new trade and investment treaty with India say the island should go ahead with the deal as it gives access to …
Premium Banking
July 20, 2008 (LBO) – Sri Lanka's Nations Trust Bank (NTB) has launched priority banking services for premium customers with higher interest rates and …
Restructuring
July 20, 2008 (LBO) - Sri Lanka's state radio will shed up to 400 excess employees by giving them a million rupee severance package senior officials said, …
Call Synergy
July 20, 2008 (LBO) - Sri Lanka Telecom’s mobile subsidiary wants its licensing conditions relaxed so it could combine phone tariffs with its fixed line …
Capital Controls
July 19, 2008 (LBO) - Sri Lankan Central Bank Governor Ajith Nivard Cabraal has said its exchange control department had streamlined approvals for overseas …
Foreign Tap
July 18, 2008 (LBO) - Sri Lanka's state-run People's Bank has started a new foreign exchange deposit scheme after the island's central bank relaxed rules …
Downgraded
July 18, 2008 (LBO) - Fitch Ratings Sri Lanka has downgraded Seylan Bank's national long term credit rating by one notch to 'BBB+(lka)' and its subordinated …
Local Lube
July 18, 2008 (LBO) – Sri Lanka's diversified Laugfs Holdings has introduced lubricants to the local market, working capture 30 percent share in two …
Cheap Talk
July 16, 2008 (AFP) - South Asian leaders meeting in Sri Lanka next month should agree to slash telecom tariffs in their countries to promote inter-regional …