DFCC Bank taps debt market for funds
August 30, 2006 (LBO) - Sri Lanka's DFCC Bank plans to raise up to two billion rupees in debt capital to meet its long term credit expansion. The …
All News
Sporadic shelling in Sri Lanka’s east as death toll mounts
30, 2006 (AFP) - A battle between Sri Lankan troops and Tamil Tiger rebels over a key eastern naval port continued Wednesday with sporadic artillery …
Air Pocket
GENEVA, Aug 30, 2006 (AFP) - The world's top airline association on Wednesday predicted a dip in air travel due to the British terror alert this …
Commercial Leasing Company secures A-(lka) rating
August 30, 2006 (LBO) - Commercial Leasing Company Ltd's senior debt has been rated A-(lka) by Fitch Ratings Lanka Ltd, the agency said Wednesday. …
Sri Lanka troops killed 17 French aid workers: monitors
Aug 30, 2006 (AFP) - Sri Lankan troops killed 17 French charity workers and waged a bombing campaign against Tamil rebels, truce monitors said …
Sri Lanka rejects charity worker massacre charge as “outrageous”
LONDON, Aug 30, 2006 (AFP) - Sri Lanka rejected as "outrageous" Wednesday a ruling by independent ceasefire monitors that government forces were …
Pushing Buttons
August 30, 2006 (LBO) – One of Sri Lanka's foremost telecom experts, Rohan Samarajiva is due to chair this year's Digital Opportunity Forum in …
Cable Cut
August 30, 2006 (LBO) – The Asian Development Bank has dropped the second loan installment due to Sri Lanka, as the government is reluctant to …
Minor Slip
August 30, 2006 (LBO) – Dominant lubricant supplier Caltex Lanka Ltd is expecting a marginal drop in volumes this year as intensified fighting …
Aitken Spence to raise million of dollars in India for Kerala hotel project
August 29, 2006 (LBO) – Aitken Spence Hotels Holdings together with an Indian partner plans to raise up to ten million dollars in India, to …
Sri Lanka president leaves on sudden trip to Britain
Aug 29, 2006 (AFP) - Sri Lankan President Mahinda Rajapakse left here Tuesday on a sudden visit to London for talks with Prime Minister Tony Blair, …
Airline loses athlete’s leg amid security crackdown
WELLINGTON, Aug 29, 2006 (AFP) - Champion New Zealand disabled athlete Kate Horan is back on track for next week's world championships after her …
Sri Lankan rupee strengthens, 3-year bond yields rise sharply
August 29, 2006 (LBO) - Sri Lankan rupee firmed up against the U.S. dollar Tuesday, while share prices dipped as investors hunted for market leads, …
Security Cable
August 29, 2006 (LBO) – Cable operator CBNSat may need Defence Ministry clearance to re-start transmission, as the company steps up its public …
Deutsche Bank and Central bank respond to story on central bank independence
The Central Bank's Senior Deputy Governor and the Deutsche Bank Head of Communications to the Asia Pacific Region have responded to our story …
Red Ink
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, …
Sri Lanka death toll hits 119 as troops halt offensive
Aug 29, 2006 (AFP) - Sri Lankan troops facing heavy resistance halted an advance Tuesday into territory held by the rebel Tamil Tigers, as the death …
Sri Lankan journalist kidnapped
Aug 29, 2006 (AFP) - A Sri Lankan radio journalist was kidnapped near the capital Colombo on Tuesday, police said, prompting appeals by colleagues …
Asian workers missing out on stellar growth: ILO
BUSAN, South Korea, Aug 29, 2006 (AFP) - Asian workers are missing out on the region's stellar growth, facing longer hours and lower pay than …
Aitken Spence floats debenture to pay off loans
August 28, 2006 (LBO) - Sri Lanka’s Aitken Spence & Co Ltd secured a AA(lka) rating for its upcoming 500 million debenture, but Fitch Rating …
Top Offers
August 28, 2006 (LBO) – Just over ten foreign and local firms put in bids for a license to market lubricants in Sri Lanka, when offers closed …
Oil Options
August 28, 2006 (LBO) – Sri Lanka is trying to terminate an agreement with Norwegian survey company TGS Nopec and buy up three years worth of …
Sri Lanka hunts for fugitive executive facing US fraud charges
Aug 28, 2006 (AFP) - Sri Lankan police said Monday they were hunting alleged fugitive executive Jacob "Kobi" Alexander after reports he fled fraud …
Heavy fighting in Sri Lanka as troops move to secure port
Aug 28, 2006 (AFP) - At least four Sri Lankan soldiers were killed and 41 wounded as security forces launched a ground offensive Monday to push back …