Oil Wealth
March 30, 2008 (LBO) - Sri Lanka has an opportunity to tap capital surpluses of oil-rich Gulf countries like Qatar as well as export professional services for …
Industry
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New Wavelength
March 29, 2008 (LBO) – Sri Lanka needs transparent telecom regulation and lower costs to encourage the information technology business and become a …
Sri Lankan Airlines to get treasury secretary as new chairman
March 28, 2008 (LBO) – Sri Lanka's government has appointed treasury secretary P B Jayasundera as chairman of the national carrier SriLankan Airlines, …
Capital Quiz
March 28, 2008 (LBO) -- A quiz on capital markets hosted by investment research outsourcing firm Amba Research is on track to have more teams this year with …
Private Equity
March 28, 2008 (LBO) – Trading in Sri Lanka's Sampath Bank shares was halted briefly Friday after the bank announced it was in talks with an …
Risk Cap
Mar 28, 2008 (LBO) – Sri Lanka's central bank has limited the risk premium of one year deposit rates of finance companies to 2.5 percent above Treasury …
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, …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …