Equity Hedge
Mar 27, 2008 (LBO) – Sri Lanka's Janashakthi Insurance said it was on track for a public listing after recording profits of 525 million rupees in 2007, …
Industry
Sri Lanka tourism industry has bounce-back capacity: officials
Mar 27, 2008 (LBO) – Sri Lanka's tourism industry has the capacity to bounce back, officials who returned from a travel fair in Germany after spreading …
Payment System
March 27, 2008 (LBO) – The SAARC Payments Initiative (SPI), enabling a more efficient payment mechanism among south Asian countries, is to be launched in …
Sri Lanka Janashakthi Insurance to sell 16.5mln shares at Rs12
Mar 27, 2008 (LBO) – Sri Lanka's Janashakthi Insurance is planning to sell 16.5 million shares priced at 12 rupees a share through an initial public …
Sri Lanka’s Hambantota in drive to lure more tourists
Mar 26, 2008 (LBO) – Sri Lanka's southern coastal city to Hambantota has launched a new drive to draw more visitors in, with the area already acquiring a …
Power Loan
Mar 26, 2008 (LBO) – HSBC Sri Lanka said it has arranged 152.2 million euros (230 million US dollars) in debt for a 300 MegaWatt thermal power plant in …
Sri Lankan vegetable oil exporters warn of impending closure
March 26, 2008 (LBO) – Sri Lanka based makers of vanaspati ghee or hydrogenated vegetable oil who exported to India under a free trade deal said they …
Extended
Mar 26, 2008 (LBO) – Sri Lanka's Commercial Bank says it is opening branches with extended hours and is also planning automated teller kiosks that will …
Equity Hedge
Mar 27, 2008 (LBO) – Sri Lanka's Janashakthi Insurance said it was on track for a public listing after recording profits of 525 million rupees in 2007, …
Cyber Market
March 25, 2008 (LBO) – Greater use of information technology in Sri Lanka's largely subsistence agriculture sector will help both farmers and consumers …
Factory Estate
March 25, 2008 (LBO) – Sri Lanka's Hemas Holdings has put on sale its industrial complex in Welisara, a northern suburb of the capital Colombo, where it …
Stronger Unit
Mar 25, 2008 (LBO) – Sri Lanka is wrapping up plans to merge six state-run regional development banks and a draft bill to give legal effect to the merger …
Petro Move
Mar 25, 2008, (LBO) – India's Bharat Petroleum says it is looking for opportunities in Sri Lanka's aviation and retail fuel sectors after launching its …
Sri Lanka tourist arrivals fall 5.8-pct; UK tops February
March 25, 2008 (LBO) – Foreign visitors to Sri Lanka fell 5.8 percent in February with a steep fall of Indian tourists and UK generating most visitors to …
Tele Deal
March 24, 2007 (LBO) - Nippon Telegraph and Telephone, Japan's largest phone company, is tipped to sell off its flagship investment in Sri Lanka as early as …
Emirates starts airborne mobile phones
Mar 24, 2008 (LBO) – Emirates airline has commercially launched an in-flight mobile telephone service costing 27 million dollars, partnering with the …
Pending Deal
March 24, 2008 (LBO) – Sri Lanka Telecom, the island's dominant fixed access operator has not been informed of a date for the sale of a stake held by …
Sri Lanka starts whale watching
March 22, 2008 (LBO) – Sri Lanka is launching whale and dolphin watching tours in the island's Western and Southern waters in an effort to exploit a …
Warning Signs
March 21, 2008 (LBO) – Sri Lanka's shipping community is getting increasingly concerned over delays in upgrading Colombo port equipment, building a new …
Net Access
March 20, 2008 (LBO) – Sri Lanka's internet access quality through broadband within the local boundary is above regional thresholds but sparse local …