Secret Confiscation
April 23, 2007 (LBO) – The losses caused to a pension fund of two million Sri Lankan workers by the authorities through the use of a barely understood …
Industry
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Changing Heads
April 23, 2007 (LBO) – Lanka Orix Leasing Company, a listed leasing company, had hired Citibanker Kapila Jayawardena as Group Chief Executive Officer, …
Cracker Deal
April 23, 2007 (LBO) – Listed-firm Hemas Holdings which is strong in marketing fast moving consumer goods and Maliban, a biscuit maker, said Monday they …
Mobile Channel
April 23, 2007 (LBO) – E-chanelling.com, Sri Lanka's only listed dot com which operates a service where doctors could be channeled online, says its …
Southwest Sri Lanka coastal hotel property sold by John Keells
April 20, 2007 (LBO) – The hotel unit of John Keells Holdings has sold a hotel property on Sri Lanka's Unawatuna coastal town in the South West of the …
Floating Tax
April 20, 2007 (LBO) – Sri Lanka’s tiny shipping industry has begun talks with the Customs authorities to clear a dispute over the payment of a …
Mobile Capital
April 20, 2007 (LBO) – Dialog Telekom, a unit of Malaysia Telekom, is raising 20.5 billion rupees from the capital market through an issue of ordinary …
Coming Through
April 20, 2007 (LBO) – George Steuart and Company has started a school for Chartered Institute of Management Accountants(CIMA) students to meet growing …
Digital Gap
April 20, 2007 (LBO) –Sri Lanka would need 12,000 information technology (IT) sector workers over the next two years, but the country's educational …
Sri Lanka tourist arrivals fall sharply as violence escalates
April 19, 2007 (LBO) – Tourist arrivals in Sri Lanka fell by 36 percent to 35,031 in March 2007 compared with the same month last year as escalating …
Boxed Out
April 19, 2007 (LBO) – Sri Lankan exporters are faced with a shortage of space on container ships for their shipments to Europe after several shipping …
Unfair Charge
April 19, 2007 (LBO) – Sri Lankan exporters Thursday called for government intervention to prevent shipping lines imposing additional charges that were …
Lube Deal
April 19, 2007 (LBO) – Laugfs Holdings said Thursday it had signed an agreement with the government of Sri Lanka that gave it permission to import and …
Price Pressure
April 18, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC) which lost 1.5 billion rupees in 2006 is seeking a price hike to ward off an 800 million …
Different Strokes
April 18, 2007 (LBO) – Fledgling Islamic insurer, Amana Takaful Insurance (ATI), which was listed on the second board of the Colombo bourse last …
Merchant Rating
April 18, 2007 (LBO) – Merchant Bank of Sri Lanka, a listed subsidiary of the state-owned Bank of Ceylon, has received a AA3 rating for its proposed 600 …
Trishaw Finance
April 18, 2007 (LBO) – A small Sri Lankan finance company to which specializes in funding three-wheeled auto-rickshaws is showing high profitability, …
Squeezed Through
April 18, 2007 (LBO) - Fitch Ratings Lanka Wednesday confirmed Ceylease Financial Services Ltd's (CFS) national long-term rating at 'BBB-(lka)' with a stable …
Sri Lanka tourism downturn delays Rs500mn Serendib re-branding
April 17, 2007 (LBO) – A downturn in tourism triggered by escalating violence has forced Serendib Hotels to put off plans to re-brand three hotels with a …
Sri Lanka fridge maker ramps up production with electricity use spreading
April 16, 2007 (LBO) – Regnis, a Sri Lankan refrigerator maker, has ramped up production to be among the ten largest plants in South Asia as more …