Re-pricing
July 04, 2008 (LBO) - Sri Lanka's Sampath Bank is re-thinking the price of a rights issue and a share placement after market prices fell below the issue price, …
Industry
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Bank Rating
July 3, 2008 (LBO) - Fitch Ratings Lanka has confirmed Sampath Bank's local long-term rating of 'AA-(lka)' with a stable outlook. It also confirmed the ratings …
Bond Deal
July 3, 2008 (LBO) - Sri Lanka's Peoples' Leasing Company (PLC) is selling a billion rupee 5-year bond to extend the maturity of its short term borrowings, …
Banking Code
July 02, 2008 (LBO) - Ceylinco group chairman Lalith Kotelawala has demanded the Sri Lankan Central Bank adopt its own code of corporate governance. online …
Free Flow
July 02, 2008 (LBO) - Sri Lanka's Central Bank has relaxed exchange controls for emigrants in a move it said aimed at further promoting stable capital mobility …
Dubai starts budget airline
July 2, 2008 (LBO) - The United Arab Emirates has started a new budget airline branded 'FlyDubai', but the carrier would be run separately from the …
Transport Trends
July 01, 2008 (LBO) – Sri Lankan freight forwarders should use their expertise in international trade to modernise the island's archaic, inefficient …
Shipping Risk
June 30, 2008 (LBO) – The Sri Lankan government is considering establishing a fund based on a levy charged from merchant vessels to handle emergencies …
Sri Lanka Aitken Spence Maldivian water villas named the best
June 30, 2008 (LBO) – Sri Lanka's Aitken Spence conglomerate has won an award for the best water villas in the Maldivian atolls, the company said. Aitken …
Sri Lanka tourism gets World Bank support
June 30, 2008 (LBO) – The World Bank has agreed to provide funds to the Sri Lankan government for a tourism initiative among small entrepreneurs and …
Looking Good
June 29, 2008 (LBO) - More people are mastering hair dressing and beauty culture because of increasing opportunities both in Sri Lanka and overseas, …
Sri Lanka’s national carrier slaps fuel surcharge
June 28, 2008 (AFP) - Sri Lanka's national carrier, Sri Lankan Airlines, will re-introduce a fuel surcharge to cover rising jet fuel costs, the airline said …
Sri Lanka says economic sanctions no help in fighting terror
June 26, 2008 (LBO) – Economic pressure on Sri Lanka by the international community at a time when the Tamil Tigers are targeting the economy is …
Writing Prize
June 26, 2008 (LBO) - Journalists who write on issues related to institutions of a free society, free markets and sound science have until June 30, to submit …
Fuel Row
June 26, 2008 (LBO) – Indian Oil Corporation's Sri Lanka unit has decided to drop its diesel retail price to match that of the dominant state-owned …
Sri Lanka station wins two awards from Emirates
June 26, 2008 (LBO) - The passenger and cargo operations of Emirates in Sri Lanka have won two of the carrier's global performance awards in 2007-08, the …
Plane flies past destination as pilots doze: report
NEW DELHI, June 26, 2008 (AFP) - An Air India flight headed for Mumbai overshot its destination and was halfway to Goa before its dozing pilots were woken out …
Sri Lankan Airlines adds flights to Middle East
June 25, 2008 (LBO) – Sri Lankan Airlines, the island's national carrier, said it has increased flights to the Middle East to support government moves to …
Sri Lanka stages international gem show to entice buyers
June 25, 2008 (LBO) – Sri Lanka's international gem and jewellery trade show 'Facets Sri Lanka', a key annual event that helps increase the island's gem …
Plastic Preference
June 24, 2008 (LBO) – Sri Lanka's ABC Group says its tri-lingual credit card is gaining popularity, especially in rural areas, and consumers are relying …