Saving Grace
Mar 08, 2008 (LBO) – State-run Sri Lanka Savings Bank, started to take over operations of defunct Pramuka Bank, will get a 1.5 billion rupee government …
Industry
Private Call
March 08, 2008 (LBO) – Sri Lanka Telecom (SLT), the island's dominant fixed line operator, has invested over 100 billion rupees in the business since it …
Brand Values
Mar 08, 2008 (LBO) – Local brands will have to boost their image to compete against experienced and focused international manufacturers, who now having a …
Equity Gains
March 07, 2008 (LBO) – Lanka Orix Leasing Company (LOLC) December quarter profits were boosted 250 percent with unrealized equity gains, while revenues …
Grease Pal
March 07, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) is looking for a joint venture partner to start a lubricant retailing …
Architecture Prize
Mar 07, 2008 (LBO) – A bus terminus in rural Sri Lanka, a car showroom in the capital Colombo and a lowland forest visitor centre are vying for a million …
Fuel Pricing
March 07, 2008 (LBO) – Sri Lanka's state-owned petroleum utility aims to hold retail fuel prices at current levels for the time being despite crude oil …
Long Wait
March 06, 2008 (LBO) – Container transporters in Sri Lanka Thursday announced plans for a protest action and work stoppage that could disrupt the flow of …
Tough Times
Mar 06, 2008 (LBO) – Fitch Sri Lanka has downgraded the national long term rating of Sinhaputhra to 'BB- (lka)' from 'BB (lka)' with a negative outlook, …
Skating Tower
March 05, 2008 (LBO) - Sri Lanka's Ceylinco Consolidated has inked an agreement with the country's investment promotion agency to set up its second shopping …
Asset Class
Mar 05, 2008 (LBO) – Borrowing for day to day government spending has increased the cost of money for Sri Lankan companies and families struggling to get …
Asset Class
Mar 05, 2008 (LBO) – Borrowing for day to day government spending has increased the cost of money for Sri Lankan companies and families struggling to get …
Sri Lanka apparel makers struggle to find workers
March 5, 2008 (LBO) - Sri Lanka's key clothing industry is rolling out a publicity blitz to attract shop floor workers to fill nearly 12,000 vacancies in …
Sri Lanka Eagle Insurance 2007 profits flat
Mar 04, 2008 (LBO) – Sri Lanka's Eagle Insurance group net profit for the 2007 financial year was flat at 527 million rupees although revenue went up 23 …
Sri Lankan Airlines to launch own loyalty program
Mar 04, 2008 (LBO) – SriLankan Airlines will launch its own frequent flyer program after the Emirates 'Skywards' program ends with the termination of …
Chief Shuffle
Mar 04, 2008 (LBO) – HSBC's Sri Lanka and Maldives operations would be headed by Nick A Nicolaou, a senior banker who had been with the group from 1977, …
Sri Lanka CEB needs overhaul, says chairman
Mar 04, 2008 (LBO) -- Sri Lanka's state-run power utility needs a management overhaul with input from finance, legal and information technology disciplines and …
Commercial Profits
March 4, 2008 (LBO) – Sri Lanka's Commercial Bank group reported net profits of 4.1 billion rupees double that of last year, while revenues grew 44 …
Oil Skills
Mar 04, 2008 (LBO) – Sri Lanka's petroleum exploration unit has started to build up its staff as the island waits for offshore exploration work to get …
Gold Standard
Mar 03, 2008 (LBO) -- A top Sri Lankan advertising agency that stirred up the industry after the Chilies 2008 ad awards has chosen not to go public with its …