Higher Rent
Sri Lanka’s housing finance giant HDFC Bank reported a sharp drop in profits and profitability for the last quarter of 2005, on higher staff and interest …
Sri Lanka’s housing finance giant HDFC Bank reported a sharp drop in profits and profitability for the last quarter of 2005, on higher staff and interest …
The woes the Indian state oil giant IOC’s Sri Lankan unit continues, as the firm took an unprecedented hit on its accounts to provision off a disputed …
Feb. 24 (LBO) – State-run shipping carrier is floating its own service to tap the feeder business in the Indian subcontinent and plans to tap commercial …
Feb 23 (LBO) - The Commercial High Court on Thursday rapped NDB Bank's top brass over allegations of mismanagement, asking for cause as to why they should not …
Feb 23 (LBO) – Dialog Telekom, a unit of Telekom Malaysia Bhd said Thursday it is splurging US$150 million to expand its network by over 50 percent this …
Jan 23 (LBO) – The Asian Development Bank will help take insurance products to poor households in Sri Lanka, through a US$ 600,000 technical assistance …
The Sri Lankan government is planning a Rs. 2.2 billion capital injection into the failed Pramuka Bank, in hopes of reviving it as a state-owned bank. Money …
Feb 22 (LBO) - Some workers at Sri Lanka's state owned power utility struck work on Wednesday in protest over unpaid wages, without disrupting power supplies. …
Feb. 21 (LBO) -- Sri Lanka’s telecom tariffs will be put to the test under a new cost based study initiated by the island’s telco watchdog. The …
Feb. 21 (LBO) - About 50 public sector trade unions called off a planned strike, giving the government a ten day ultimatum to sort out salary anomalies. Unions …
Feb. 20 (LBO) – Sri Lanka is staying tough on bird flu regulations, despite reports that an Indian man suspected to have died of avian influenza, was in …
Reports that the treasury has set off tax liabilities of the Ceylon Petroleum Corporation against the full subsidy due from the government, has raised …
Feb. 20 (LBO) - India's Reliance group is scouting for investment opportunities in Sri Lanka, with an eye on oil exploration in potential areas off Mannar on …
Feb. 19 (LBO) – Sri Lanka is to go ahead with a controversial plan to tax imported film and television programs, which may result in the entertainment of …
Feb. 17 (LBO) – Sri Lanka Telecom (SLT) said Friday, group net profits for the fourth quarter of 2005 topped Rs. 604 million, despite continued losses …
Feb. 17 (LBO) – Sri Lanka’s Seylan Bank Friday announced plans to boost capital by a billion rupees through a rights issue. The bank plans to issue …
Sri Lanka’s telecom watchdog on Friday gave a 15 day ultimatum to seven telco firms for delays in presenting their financial statements. Firms failing to …
Feb. 16 (LBO) – Sri Lanka's Ceylinco Insurance Co. Ltd. said Thursday that they retained their market leadership in the insurance sector last year, with …
Feb. 16 (LBO) – State owned People's Bank is hoping for a credit upgrade in the near future, a top official said. General Manager Asoka de Silva says a …
Feb. 16 (LBO) – Transport experts say more private vehicles are coming into Colombo despite a drop in the number of people traveling to the city. Fewer …