Equity Injection
Dec 13, 2007 (LBO) – Sri Lanka's Nations Trust Bank is making a one billion rupee cash call sweetened with warrants, giving an option to buy into the …
Industry
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No Scams
December 13, 2007 (LBO) – Organizers of a Sri Lankan advertising award scheme say they would clamp down on 'scam' ads, which are especially made to win …
Upturn
Dec 13, 2007 (LBO) – Sri Lanka saw more foreign visitors in November with Western Europe, a key generating market rallying 40 percent to drive total …
Sri Lankan seamen institute gears to meet demand for crews
Galle, Dec 13, 2007 (LBO) – A seamen training institute run by Sri Lanka's Mercantile Shipping Company launched a new lifeboat replacing that damaged by …
Favourites
BANGALORE, India, Dec 12, 2007 (AFP) - India remains the top destination for companies moving information-technology services to lower-cost economies, but …
Sri Lanka Ceylon Cold Stores expands fizzy drinks business
Dec 12, 2007 (LBO) – Ceylon Cold Stores has invested 800 million rupees to expand its carbonated drink making line to increase production and introduce …
Hurry Call
Dec 12, 2007 (LBO) – Sri Lankan port workers Wednesday urged the government to speed up a new project to expand Colombo port, saying further delays could …
Sri Lanka Ceylon Glass new plant starts production
Dec 11, 2007 (LBO) – Ceylon Glass Company (CGC) has begun production at its new plant in Horana, south of the capital Colombo, which can meet Sri Lanka's …
Top Rating
Dec 11, 2007 (LBO) – Fitch Sri Lanka has confirmed John Keells Holdings (JKH) national 'AAA (lka)' rating with a stable outlook, but expressed concern …
Sri Lanka power fails island wide
Dec 07, 2007 (LBO) – Sri Lanka's national power system failed shortly before dawn Friday, plunging the island in darkness as a thermal generator tripped …
Sri Lanka tableware exporter goes niche
Dec 07, 2007 (LBO) – Sri Lankan tableware exporters Dankotuwa Porcelain has said it is shifting strategy away from mass production to focus on specialty …
Logistics Nightmare
Dec 07, 2007 (LBO) – Sri Lanka's logistics industry is calling for action to get a paperless cargo clearing system on track, through a new operator or …
Forewarned
Dec 07, 2007 (LBO) – Sri Lanka's private sector credit is slowing but lenders should tighten standards and improve risk management as interest rates …
Union Outlook
Dec 07, 2007 (LBO) – Fitch Ratings Sri Lanka has lifted Union Bank of Colombo's outlook on its BB + (lka) rating to 'positive' from 'stable' citing an …
Railway Repair
Dec 06, 2007 (LBO) – Sri Lanka plans to rehabilitate a tsunami-hit coastal railway line at a cost of 167.4 million dollar using an Indian credit line, a …
Money Trees
Dec 06, 2007 (LBO) – Sri Lanka's financial and accounting regulators are developing more reliable ways of valuing trees in forestry firms, the Sri Lanka …
Mobile Expansion
Dec 05, 2007 (LBO) – Mobitel, a celco owned by fixed operator Sri Lanka Telecom launched its third generation network in the island, saying its existing …
Regional Finance
Dec 05, 2007 (LBO) – Sri Lanka's Sampath Bank is looking to lend more money in the Maldives with 45 million dollars raised through a syndicated loan …
Counter Measures
Dec 04, 2007 (LBO) – Sri Lanka is aware of a campaign to block the renewal of trade concessions for apparel exports into the European Union and the …
Digital Learning
Dec 04, 2007 (LBO) – A Sri Lankan e-learning initiative for rural students is seeking corporate sector support to expand and cover 400 computer centers …