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 …
Industry
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 …
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 …
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 …
Country Focus
April 16, 2007 (LBO) – Sri Lanka tourism, tea, food, export products and culture would be on show in Los Angeles next month, the country's consulate …
Pricey Burn
April 16, 2007 (LBO) – A litre of diesel may be raised by five rupees tomorrow in the face of rising global oil prices, Ceylon Petroleum Corporation …
Powerless
April 15, 2007 (LBO) – Sri Lanka lost electricity power Sunday as the entire national electricity grid failed shortly before 3.00 pm local time, …
Capital Call
April 15, 2007 (LBO) – Seylan Bank, whose rating outlook was downgraded to negative by Fitch may need a fresh equity addition to boost solvency, the …
Road Bid
April 12, 2007 (LBO) – MTD Construction Sdn Bhd, a Malaysian construction firm that bought a Sri Lankan listed company last week, is eyeing a big highway …
Sri Lanka chases tea lovers, golfers to rebuild tourist image
April 12, 2007 (LBO) – Sri Lanka’s tourism promoters are trying to focus on niche markets, luring golfers and tea drinkers to visit the island …
Crash Cash
April 11, 2007 (LBO) - A Sri Lankan brewer whose truck was involved in a fatal bus-truck crash on Tuesday, is offering cash to accident victims, an official …
Sri Lanka leg of SAARC car rally winds its way through scenic beaches and cool hills
April 10, 2007 (LBO) – The Sri Lanka leg of the SAARC car rally was flagged off on Tuesday morning from Colombo where the rally would take a coastal road …
Clock Speed
April 10, 2007 (LBO) – Panora Corporation, a Sri Lankan computer firm, opened a 1.2 billion rupee manufacturing plant in Colombo to boost production of …
Dangerous Roads
INDURUWA, Sri Lanka, April 10, 2007 (AFP) - At least 22 people were killed and 57 others injured Tuesday when a crowded bus and a truck loaded with beer …
Hedge Win
April 09, 2007 (LBO) – Sri Lanka's petroleum utility will get a 33 million rupee payment this week on the expiry of its first hedging contract for …
Sales Push
April 09, 2007 (LBO) – Open source middleware company, WSO2 founded by a Sri Lankan, is ratcheting up its marketing efforts in the United States and …
Port Builders
April 09, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is having a pre-bid meeting Tuesday with private investors keen on building container …
Tsunami ˜Sahana’
April 09, 2007 (LBO) – Two Sri Lankan software and mobile phone technology developments meant to give warning and help relief efforts during disasters …