Lease Rate
June 02, 2008 (LBO) – Fitch Sri Lanka has lifted the credit watch on Commercial Leasing Company (CLC), following a take-over, and confirmed its 'A-(lka)' …
Industry
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Banking Numbers
June 01, 2008 (LBO) – Sri Lanka's National Development Bank said group net profit for the March quarter rose 16 percent to 349 million rupees from a year …
Sri Lanka hydro power capacity boosted by heavy rains
June 01, 2008 (LBO) – Heavy monsoon type rain from Saturday is bringing much needed water to Sri Lanka's hydro power generation system though parts of …
Chartered Profits
June 01, 2008 (LBO) – Standard Chartered Bank of Sri Lanka posted 44 percent growth in profits for the 2008 March quarter following a 22 percent growth …
State Fat
June 01, 2008 (LBO) – Sri Lanka needs to market price energy and consumers are now not only paying for the rise in international prices, but also for the …
Wireless Access
May 30, 2008 (LBO) – Sri Lanka's wireless operator Lanka Bell has launched wireless broadband services offering hi-speed internet connectivity for home …
Housing Woes
May 30, 2008 (LBO) – Sri Lanka's Housing Development and Finance Corporation's (HDFC's) profits fel 90 percent in the March quarter amid rising interest …
Sri Lanka’s Mihin Air seeks cash, merger
May 30, 2008 (LBO) Sri Lanka's grounded state-run budget airline has sought an 800,000 dollar cash infusion from the Treasury and may be merged with the …
Burst Bubble?
May 30, 2008 (LBO) - World oil prices held steady in Asian trade on Friday after sharp falls on concerns over falling demand in the United States and other …
Sri Lanka business chamber launches e-commerce portal
May 29, 2008 (LBO) – The Ceylon Chamber of Commerce said Thursday it had activated an electronic commerce web portal this week that would help Sri Lankan …
Value Billing
May 29, 2008 (LBO) – Sri Lanka mobile operator TIGO, a unit of Millicom International Cellular says it's per second billing and lifetime bonus schemes …
Full Ahead
May 29, 2008 (LBO) – Colombo Dockyard, Sri Lanka's sole listed ship builder, said Thursday its March quarter net profit went up 22.5 percent to 245 …
Tight Numbers
May 28, 2008 (LBO) – Sri Lanka's Samapath Bank group net profits for the March 2008 quarter fell 24.2 percent amidst rising interest costs while revenue …
Slow Down
May 28, 2008 (LBO) – Sri Lanka's Seylan Bank March quarter profits fell 36 percent to 135 million rupees amid flat loan growth as high interest rates …
Maldives to offer 11 new islands for resort development
May 28, 2008 (AFP) - The Indian Ocean island of the Maldives plans to open 11 new islands to foreign investors to develop upmarket tourist resorts, an official …
Wobbly Bubble
May 28, 2008 (AFP) - Oil prices slipped back under 127 dollars on Wednesday, falling further from record highs amid concern about the strength of US energy …
Early Action
May 27, 2008 (LBO) - Financial regulators should take early preventive action and anticipate trouble spots and Sri Lanka's banks should keep an eye on apparel …
Engineering Row
May 27, 2008 (LBO) – Sri Lanka's state-enterprise engineers are starting industrial action after the government denied them tax-slashed cars, with a …
Unilateral
May 27, 2008 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation is raising diesel prices by 20 rupees a litre from midnight Tuesday, the …
On Track
May 27, 2008 (LBO) – Sri Lanka railways will almost double rail fares to reduce losses and its dependence on government handouts as fuel prices continue …