Portable Money
Sept 1, 2007 (LBO) – Sri Lanka's Sampath Bank's has started an electronic cash transfer method lets account holders transfer cash to all mobile brands or …
Industry
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Techy Production
August 31, 2007 (LBO) - MAS Intimates, a division of Sri Lanka's MAS Holdings specializing in lingerie, has won a top award by the enterprise resources …
Gas Formula
August 31, 2007 (LBO) – Sri Lanka's liquid petroleum gas (LPG) prices are to be adjusted every two months on a price formula agreed with the island's …
No Rules
August 30, 2007 (LBO) – Sri Lanka power engineers have called off all industrial action including a non co-operation campaign following a second meeting …
Sri Lanka Hilton says multiple revenue streams cushions tourism hit
August 30, 2007 (LBO) – Sri Lanka's Hilton Hotel is less affected than resort hotels by the drop in tourist numbers since it has multiple revenue …
Citi Performance
August 30, 2007 (LBO) - Citibank's Sri Lanka unit net profits zoomed 82 percent in the first half of 2007 driven by hefty foreign exchange gains, interim …
Fast Downlink
August 30, 2007 (LBO) -- The US Agency for International Development has teamed up with local and international partners to launch over a dozen of high speed …
Refining Plan
August 29, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka's state-owned oil refiner and distributor, is evaluating bids from two parties …
Home Loans
August 28, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AA (lka) rating on HDFC Bank Series A mortgage backed securities, the rating agency said. …
Better Defence
August 28, 2007 (LBO) – Sri Lankan security authorities plan to re-open Colombo port's northern entrance for navigation once underwater defence systems …
Normal Light
August 27, 2007 (LBO) – The powerful engineers union of Sri Lanka's state-owned electricity utility has temporarily suspended industrial action started …
Holy Film
MUMBAI, Aug 27, 2007 (AFP) - An historical epic is to be filmed about the life and teachings of the Gautama Buddha, the founder of Buddhism, a South Asian …
Ouch!
Aug 27, 2007 (AFP) - A colony of wasps attacked over 250 tourists on Monday at a fifth-century rock fortress in Sri Lanka causing a stampede, police said. …
SriLankan Airlines takes Etihad passengers in codeshare deal
Aug 27, 2007 (LBO) – Despite canceling flights to Sri Lanka, Abu Dhabi based carrier Etihad plans to stay back through a services agreement with …
Banking Revolution
August 25, 2007 (LBO) – Bangladesh's Grameen Bank has reached out to 124 million poorest families globally during its 31 years of existence, its founder, …
Finance Rating
August 23, 2007 (LBO) – Lanka Ratings Agency (LRA) has confirmed an A2 long-term institutional rating of Mercantile Investments with a stable outlook. …
Good Intentions
August 24, 2007 (LBO) – Sanasa Development Bank (SDB), a Sri Lankan bank that promotes micro finance hopes to expand its network to northern and eastern …
Sub Prime
August 23, 2007 (LBO) – Fitch Ratings Lanka has downgraded the rating outlook on Commercial Leasing Company (CLC) to 'negative' from 'stable' but said it …
Black Line
August 23, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has returned to profitability in the June quarter, posting 490 million rupees in …
Good Cover
August 23, 2007 (LBO) – Allianz Lanka Insurance Company, a unit of German insurance giant Allianz SE said premium income grew 34 percent to 246 million …