Insurance Profit
Aug 20, 2007 (LBO) – Sri Lanka's Asian Alliance Insurance has reported a turnaround with a small net profit of 1.5 million rupees being made in the first …
Industry
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Market Surgery
August 20, 2007 (LBO) – Sri Lanka's Asiri Surgical Hospital Monday confirmed it was in talks to buy a big stake in Asha Central Hospital, another …
Banking Wealth
August 20, 2007 (LBO) – National Development Bank's net profit for the second quarter ending June 30, 2007 shot up 208 percent to 556 million rupees from …
Afro Factor
August 19, 2007 (LBO) – Sri Lanka™s apparel exports to the United States could get hit if African countries block proposed tariff cuts on exports from …
India targets 10 million tourists in 2010: report
NEW DELHI, Aug 18, 2007 (AFP) - India aims to double its tourist numbers to 10 million in 2010 when it hosts the Commonwealth Games, a report said Saturday. …
Narrower Margin
August 18, 2007 (LBO) – Sri Lanka Telecom (SLT), the island's only wireline operator, has reported 45 percent lower profits in the June quarter as it …
Natural Harbour
August 18, 2007 (LBO) – Sri Lanka's eastern port of Trincomalee is to be developed as an eco-port with the emphasis on exploiting its value as a marine …
Credit Build
August 17, 2007 (LBO) – Sri Lanka's banking sector assets had expanded 9.5 percent, with loans rising 11.2 percent against deposit growth of 7.6 percent, …
Looking Up
August 17, 2007 (LBO) – Sri Lanka's Seylan Bank June quarter profits surged 78 percent with revenues going up by 21 percent despite flat loan growth, …
Card Credit
August 17, 2007 (LBO) - Sri Lanka's HSBC bank, the top credit card issuer in the island has tightened credit card based lending in the face of a spike in …
Green Revolution
August 17, 2007 (LBO) – Rice farmers in India™s West Bengal made history when they successfully traded carbon credits for cash - with lessons for Sri …
Hospital Play
August 17, 2007 (LBO) – Asha Central Hospitals said Friday several parties were negotiating to buy the controlling stake of the firm after its share …
Double Deal
August 16, 2007 (LBO) – Sri Lanka's Eagle Insurance, a unit of Aviva, has reported sharply higher net profit for the June quarter of 50 million rupees up …
Crack Spread
August 16, 2007 (LBO) – The Ceylon Petroleum Corporation which runs Sri Lanka's only refinery has hedged the crack margin of a portion of its diesel and …
Sri Lanka pushes sports events to revive tourism
August 16, 2007 (LBO) – Sri Lanka wants to use sports events like a forthcoming marathon to entice more tourists to the island and rebuild an image …
Chinese Connection
August 16, 2007 (LBO) – Colombo port has sent dock worker union leaders to study practices in a modern Chinese port and has now won their support for …
Insurance Value
Aug 16, 2007 (LBO) – Net profits of Union Assurance surged 84 percent to 30 million rupees in the June quarter, interim accounts released by the insurer …
Bring it on
Aug 16, 2007 (LBO) – Sri Lanka's top celco Dialog Telekom said it was not worried by the entry of Indian mobile giant Bharti Airtel which is set to start …
Sri Lanka tourist arrivals down 20% in July
August 15, 2007 (LBO) – Foreign visitors to Sri Lanka have fallen 20 percent in July with arrivals in the first seven months falling 24 percent, the …
Mobile Action
August 15, 2007 (LBO) – Bharti Airtel was aiming to launch commercial operations in Sri Lanka early next year investing 200 million dollars in the …