Capital Issue
Nov 16, 2007 (LBO) – Sri Lanka's state-owned Bank of Ceylon (BOC), the main commercial banker to the government, is planning to raise six billion rupees …
Industry
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No Porn
Nov 16, 2007 (LBO) – Sri Lanka's banks said they would dump customers who paid for child pornography though their services and would also report them to …
Heavy Pull
Nov 15, 2007 (LBO) – Sri Lanka Shipping has announced its tugs have won contracts to tow international rigs on lengthy voyages. One tug has been deployed …
Car Carriers
Nov 15, 2007 (LBO) - The Sri Lanka Ports Authority (SLPA) is planning a multi-storied car park and special tariffs at the Colombo port to encourage vehicle …
Sri Lanka’s Union Assurance doubles earnings
Nov 15, 2007 (LBO) – Sri Lanka's Union Assurance said net profit for the September quarter shot up 107 percent year-on-year to 29.6 million rupees. . …
Forging Ahead
Nov 15, 2007 (LBO) – Commercial Bank of Ceylon has reported a net profit growth of 30 percent to 1.1 billion rupees in the quarter ended September 2007 …
Sri Lanka wildlife park no go zone for Britons
Nov 14, 2007 (LBO) – Britain has advised its citizens not to travel to the popular Yala wildlife park in southern Sri Lanka after a spate of killings and …
Bank Number
Nov 14, 2007 (LBO) – Sri Lanka's National Development Bank (NDB) net profit for the September rose 45 percent to 298 million rupees, with a deferred …
Sri Lanka apparel makers design a way up the value chain
Nov 14, 2007 (LBO) – Sri Lanka's apparel makers are making inroads into design, collaborating closely with international brands to becoming an integral …
Fresh Start
Nov 14, 2007 (LBO) – One of the youngest stockbrokering firms in Sri Lanka, which started as a unit of the First Capital Group is now operating as an …
Sri Lanka power firm warns of time lag
Nov 13, 2007 (LBO) – A power investor says it may take more than two years to set up a thermal plant if it was given the go ahead now, after Sri Lanka's …
One Solution
Nov 13, 2007 (LBO) – Iran's Mammut group has tied up with Sri Lanka's Mod-Tec trading company to provide infrastructure services to the island's wireless …
Steady Course
Nov 12, 2007 (LBO) – Sri Lanka Seylan Bank group's after tax profits increased 41.4 percent in the third quarter ending in September while turnover grew …
Guarantee Game
Nov 12, 2007 (LBO) – Loan guarantees given by the Sri Lanka government to financial institutions shot up 45 percent in 2007 as the state took over credit …
Savings Giant
Nov 09, 2007 (LBO) – Fitch Sri Lanka has affirmed the National Savings Bank's (NSB) 'AAA(lka)' rating with a stable outlook, but said high taxes and …
Sri Lanka to buy 200MW of private power
Nov 09, 2007 (LBO) – Sri Lanka will shortly call for the supply of 200MegaWatts of private power to bridge an energy deficit until a coal plant comes on …
Be Careful
Nov 08, 2007 (LBO) – Sri Lanka's shaky budgets and complementary monetary policy are the biggest dangers to the banking system, an international rating …
Central Rating
Nov 06, 2007 (LBO) – Fitch Ratings Lanka has confirmed Central Finance Company's (CF) long-term rating of 'A+ (lka)' with a 'stable' outlook. CF has a 20 …
Agri Tour
Nov 06, 2007 (LBO) – Sri Lanka's Hatton National Bank is sending local farmers to India to study agricultural practices and learn new techniques, …
High Growth
Nov 05, 2007 (LBO) – Lanka Orix Leasing Company (LOLC) has grown 40.3 percent in the year to March 31 2007 compared to the rest of the industry which …