Bus Blast
Feb 02, 2008 (LBO) -- An explosion at a bus station in north-central Sri Lanka Saturday killed at least 13 people and wounded 20, police said. The Tigers have …
Industry
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Refined Product
Feb 01, 2008 (LBO) – Two UAE petroleum firms have won Sri Lankan government approval to build the island's second refinery with an investment of 1.2 …
Offshore Wealth
Feb 01, 2008 (LBO) – An oil exploration block nearest to India off Sri Lanka's northwestern coast has become hot property with three petroleum firms …
Durable Finance
Feb 01, 2008 (LBO) – Fitch Sri Lanka has confirmed the 'BBB (lka)' national long-term rating of Singer Finance (Lanka) Limited (SF) with a 'stable' …
Paper Issue
Feb 01, 2008 (LBO) – Lanka Orix Leasing Company (LOLC) is planning to raise 500 million rupees from a rated commercial paper, Fitch Sri Lanka said, …
Neighbour’s Assurance
Feb 01, 2008 (LBO) – Janashakthi Insurance has tied up with India's ICICI Bank to launch bancassurance services in Sri Lanka but says high capital …
Sri Lanka and India in talks over Weerawila airport
Feb 01, 2008 (LBO) – India's Cochin airport said a delegation had met Sri Lanka's president Mahinda Rajapakse and visited a site in the island's south …
Small Industry
Jan 31, 2008 (LBO) – Fitch Sri Lanka has confirmed the 'BB+(lka)' rating of Trade Finance and Investments, a company that has a strong focus on three …
Sri Lanka Ceylinco to create insurance awareness
Jan 31, 2008 (LBO) – Sri Lanka's Ceylinco Insurance says it is launching a life insurance week in February to increase awareness of life products and …
Sri Lanka activists demand energy equity
Jan 31, 2008 (LBO) – Sri Lankan villagers are paying a high price for off-grid power while city folk are getting billions in power subsidies from a state …
Lost Packets
Jan 31, 2008 (LBO) – Internet users in Sri Lanka and other South Asian countries may see their internet connections slowing, as a submarine cable in the …
Oil Search
Jan 31, 2008 (LBO) – Sri Lanka is evaluating bids for offshore oil exploration in the island's north-east from firms in Cyprus and India, petroleum …
Growth Numbers
Jan 30, 2008 (LBO) -- Sri Lanka's Nations Trust Bank profits surged 56 percent to 504 million in 2007 as revenues grew 54 percent to 9.1 billion rupees, the …
Asset Backed
Jan 30, 2008 (LBO) – Fitch Sri Lanka has confirmed an 'A-(lka)' rating on lease backed trust certificates (LBTCs) issued by Peoples' Leasing Company, the …
Asset Backed
Jan 30, 2008 (LBO) – Fitch Sri Lanka has confirmed an 'A-(lka)' rating on lease backed trust certificates (LBTCs) issued by Peoples' Leasing Company, the …
High Rises
Jan 30, 2008 (LBO) – Sri Lanka™s condominium regulator has issued over 200 certificates for high rises that are coming up in and around the capital, a …
Sri Lanka Brandix in organic apparels
Jan 29, 2007 (LBO) -- Sri Lanka's top apparel maker Brandix has penetrated the 'organic' garment market with a number of top international labels placing …
Education Venture
Jan 29, 2008 (LBO) – A top apparel group in Sri Lanka has started an education institute to boost soft skills in English, information technology and …
Rate Hike
Jan 29, 2008 (LBO) – A grouping of shipping lines calling at Colombo port have given notice of a sharp increase in freight rates to Europe, citing rising …
Airport Link
Jan 29, 2008 (LBO) – India's Cochin International Airport Limited (CIAL) says it is interested in building an airport in southern Sri Lanka and a …