Sri Lanka ABC Insurance suspension lifted
April 23, 2008 (LBO) – Sri Lanka's insurance watchdog said it had lifted a suspension of ABC Insurance after the firm complied with solvency rules. The …
Industry
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Sri Lanka Ceylinco to push retirement thinking in May
April 23, 2008 (LBO) – Sri Lanka’s Ceylinco Life is lunching a month long campaign in May to promote retirement planning, as knowledge about the …
Step Up
April 23, 2008 (LBO) – Sri Lanka's Fitch Ratings has upgraded Sanasa Development Bank's speculative grade by one notch to BB(lka) with a stable outlook, …
Remote Control
April 22, 2008 (LBO) – Sri Lankan technology outsourcing company Eureka is to set up an office in Dubai and also expand its information security, …
Capital Question
April 22, 2008 (LBO) – A shareholder has asked Sri Lanka's National Development Bank to return its excess capital to shareholders but its management says …
Sri Lankan Airlines and Mihin to be jointly run: officials
April 21, 2008 (LBO) – Sri Lankan Airlines and Mihin Air would be commercially run together after new chief executives take-over but the two airlines …
No Fixing
April 21, 2008 9LBO) A European Union directive to abolish shipping line 'conferences' or cartels by October should lead to more competition and enable …
Sri Lanka Janashakthi, Kayjay in home security insurance deal
April 20, 2008 (LBO) - Insurers have been collaborating with banks to sell their services for years, but a tie up with a security firm looking after …
Iranian president to inaugurate Sri Lanka hydro-power project
April 19, 2008 (AFP) - Iran's President Mahmoud Ahmadinejad will travel to Sri Lanka later this month to inaugurate construction of an Iranian-funded …
Broad Service
April 19, 2008 (LBO) – Sri Lanka's Electroteks, a communications firm, says it will launch a wireless broadband service in May which will have voice …
Sri Lanka rice price controls fuels fears of black market
April 18, 2008 (LBO) – Sri Lankan traders Friday said they had agreed to sell rice at the new government controlled price but many wholesale shops …
Ship Arrest
April 17, 2008 9LBO) Sri Lankan shipping authorities have detained a cargo ship in Colombo port for non-compliance with regulations and submission of false …
Ship Arrest
April 17, 2008 (LBO) – Sri Lankan shipping authorities have detained a cargo ship in Colombo port for non-compliance with regulations and submission of …
Sri Lankan rice traders protest price controls
April 17, 2008 (LBO) – Sri Lankan traders have protested against a government decision to impose price controls on rice, saying they cannot sell at a …
Sri Lanka gets Chinese funds for infrastructure development
April 17, 2008 (LBO) – The Chinese government has already allocated over 700 million dollars to build infrastructure in Sri Lanka with talks on for more …
Pricing Issue
April 16, 2008 (LBO) – Sri Lanka would raise fuel prices before the end of the month after running losses of 7.2 billion rupees in 2008, petroleum …
Persian Present
April 16, 2008 (LBO) – Iranian President Mahmoud Ahmadinejad will flag off a billion dollar oil refinery in Sri Lanka, as part of his state visit to the …
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil …
Sri Lanka’s Brandix clothing exporter cuts energy, water use with redesigned plant
April 15, 2008 (PBO) Sri Lanka's Brandix Group, which exports clothes to international retailer Marks & Spencer, has spent 2.5 million dollars to redesign a …
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka's Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, …