Retail Collection
July 05, 2007 (LBO) – HSBC has tied up with Singer Sri Lanka, a household durables firm, to use its network of outlets to collects payments for credit …
Industry
No Deal
July 05, 2007 (LBO) – Sri Lanka's construction industry has successfully lobbied the government to defer the liberalisation of construction and related …
Debt Capital
July 04, 2007 (LBO) – Sampath Bank has completed a debenture issue to raise 250 million rupees, the bank told the Colombo Stock Exchange. The money will …
Passing Bucks
July 04, 2007 (LBO) -- Sri Lanka's state-run oil firm Ceylon Petroleum Corporation has asked the treasury to pick up a six billion rupee subsidy tab for …
High Standards
July 04, 2007 (LBO) – Sri Lanka's freight forwarders are seeking new rules to improve standards in the trade after winning a court order that quashed a …
BOT BPO
July 04, 2007 (LBO) – Aviva, one of the world's biggest insurance firms, has hired over 300 Sri Lankan accounting and finance professionals into its …
Crawl Speed
July 04 (LBO) – Lengthy delays in automating Sri Lanka's cargo clearing system were hurting the island's chances of becoming a trading hub and making …
Big Bucks
July 03, 2007 (LBO) – HSBC Bank in Sri Lanka is looking to finance two large transport sector projects with private sector involvement which will spawn …
Skills Export
July 03, 2007 (LBO) – Aitken Spence, one of Sri Lanka's conglomerates with interests in several areas of the shipping industry, wants to develop a new …
Cell News
July 3, 2007 (LBO) – Dialog Telecom is offering free breaking news for its customers days after competitor Mobitel launched trials for a text news alert. …
Power Profits
July 2, 2007 (LBO) – Problems at Sri Lanka's Kelanitissa thermal power station partly offset strong first quarter 2007 profit growth of AES Corporation …
More Empathy
July 2, 2007 (LBO) – Manique Gunaratne, a visually impaired Sri Lankan professional, has a simple poem that she recites to highlight the hopes of people …
Steady Steady
July 02, 2007 (LBO) – A new rule by Sri Lankan stock market regulators that limits brokering credit for investors should ensure more stability and …
Sri Lanka’s boutique hotels suffer the ravages of war
SIGIRIYA, Sri Lanka, July 1, 2007 (AFP) - Britney Spears, Paul McCartney, Sting and Paul Simon have all travelled to Sri Lanka for a big-bucks taste of …
Wider Spectrum
July 1, 2007 (LBO) – Sri Lanka's pioneer leasing firm, Lanka Orix Leasing Company (LOLC), is looking to spread its wings under a new brand, officials …
Subsurface Threat
June 30, 2007 (LBO) – Sri Lankan security authorities plan to install underwater surveillance systems in Colombo harbour to enhance the defences of the …
Snazzy Gadget
NEW YORK, June 29, 2007 (AFP) - Apple's iPhone, one of the most eagerly awaited devices in years, went on sale Friday with technology fashionistas queued up …
Sri Lanka to focus on niche tourism to bring more foreign exchange
June 30, 2007 (LBO) - Sri Lanka's Ministry of Tourism is kicking off a new drew to promote high spending niche tourism to the country with the appointment of a …
Danger Signs
June 28 (LBO) – Sri Lanka's Colombo port risks losing its status as south Asia's transshipment hub if it does not move fast to add more capacity and make …
Upward Revision
June 29, 2007 (LBO) – Sri Lanka has raised fuel prices by around 5 percent almost two months after the last price increase, after allowing petroleum …