Double Show
Nov 24, 2007 (LBO) – After tax profits of Habib Bank in Sri Lanka almost doubled to 118 million rupees for the nine months ended September 2007, …
Industry
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Slow Down
Nov 23, 2007 (LBO) – People's Merchant Bank (PMB) net profit for the September quarter fell 13 percent year-on-year to five million rupees, according to …
Opening Up
Nov 23, 2007 (LBO) – Maersk, the world's biggest shipping line and Colombo port's top customer, advised Sri Lanka to further liberalise the sector for …
Forward Look
Nov 23, 2007 (LBO) – A manufacturing industry group has organized a forum on Sri Lanka's monetary developments in a bid to understand what could happen …
Slow Quarter
Nov 22, 2007 (LBO) – Sri Lanka's PABC Bank said net profit for the September quarter was down five percent year-on-year to 40 million rupees. Interest …
NPL Hit
Nov 22, 2007 (LBO) – The Sri Lanka branch of HSBC has taken a record 1.4 billion rupee hit from bad loans which saw net profits plummeting 56 percent in …
Britain to build world’s biggest biomass plant
LONDON, Nov 21, 2007 (AFP) - Britain is to build the biggest biomass plant in the world, Business Secretary John Hutton said after giving the green light to …
Getting Close
Nov 22, 2007 (LBO) - Amba Research, a specialised investment research outsourcing firm with offices in Sri Lanka said it had been short-listed for an award …
Vital Links
Nov 21, 2007 (LBO) – Sri Lanka is in danger of losing an opportunity to emerge as a logistics hub for the south Asian region unless it acts to improve …
KE Strategy
Nov 21, 2007 (LBO) – Sri Lanka could boost economic activity and social well-being through a knowledge economy (KE) strategy that makes better use of …
Investment Grade
Nov 20, 2007 (LBO) – Senkadagala Finance (SF) has seen slower lending and faster growth in higher purchase loans, Fitch Ratings Lanka said, confirming …
Most Preferred
Nov 20, 2007 (LBO) – A Sri Lanka government panel has decided to start negotiations with the front runner for a new container terminal in Colombo with a …
Airline passengers prefers more self-service: IATA
Nov 20, 2007 (LBO) – Airline passengers increasingly prefer to do their own ticketing and checking in at airports, according to a global survey by the …
Tele Rating
Nov 19, 2007 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom's BB- rating with a negative outlook and its AAA (lka) national rating with a stable …
Lease Rate
Nov 19, 2007 (LBO) - Fitch Ratings Lanka said Friday it has confirmed the 'BB+(lka)' National Long-term rating of Seylan Merchant Leasing Limited (SML). The …
Fashion Queen
Nov 19, 2007 (LBO) – British fashion queen Jane Shepherdson is planning a new venture, the former Topshop brand director said on a visit to Sri Lanka, …
Lite Ceiling
Nov 19, 2007 (LBO) – The piercing of the sovereign ceiling by a Sri Lankan telco has raised hopes of better credit ratings for the country's top …
Smoke Policy
Nov 18, 2007 (LBO) – Sri Lanka would tighten environmental protection regulations next year with vehicle emissions being a key target of the authorities, …
Head Above
Nov 17, 2007 (LBO) – Standard & Poor's (S&P) has upgraded Sri Lanka Telecom's foreign currency rating to 'BB-', the rating agency said, though the …
Skills Export
Nov 16, 2007 (LBO) – A Sri Lankan construction industry trade mission to the Middle East has managed to secure work in the booming Arabian Gulf …