Home | Financial

Financial

Ceylon Cold Stores blazes a winning trail with more awards

Ceylon Cold Stores PLC continued its winning streak in the Sri Lankan food manufacturing sector in 2009 by clinching more quality awards. Adding to its portfolio of accolades, it took top honours at the prestigious Ceylon National Chamber of Industries (CNCI) Awards by winning the National Gold (Joint) Award in the Extra Large Category (Manufacturing Sector) Days prior to this, it also won a Certificate of Commendation – Manufacturing Sector (Large Scale) at the Provincial Productivity Awards conducted by the National Productivity Secretariat.

CB road map on financial policies on Jan 4

Sri Lanka’s Central Bank said on Tuesday it will announce the ‘Road Map: Monetary and Financial Sector Policies for 2010 and beyond’ on Monday, January 4 detailing out the policies and strategies to be followed this year by the banking regulator. ...
Full story

Tourism boost as SLTDA seizes new opportunities

The Sri Lanka Tourism Development Authority (SLTDA) is actively pursuing new opportunities with the rise of visitor numbers, says a top official. SLTDA is the sole authority to process and approve tourism-related development projects, he pointed out. ...
Full story
image

Sri Lanka gets Chinese funds to build international airport

Sri Lanka has signed up 410 million US dollars of funding from China including money to build an international airport in the south of the island, a foreign ministry statement said....
Full story

Chennai Police hunt for 20 agents of credit card racket kingpin

CHENNAI: Police now have information about a key associate and 20 sub-agents who were working for Vijaykanth, a Sri Lankan Tamil running a credit card racket for over seven months in the city. ...
Full story

Lanka now says no move to sue the EU over GSP

The Sri Lankan government now says there is no move at taking legal action against the EU over the suspension of the GSP plus scheme to Sri Lanka. Minister G.L Peiris had earlier told reporters this week that legal action will be taken....
Full story

Milan, Italy to Colombo direct on SriLankan Airlines

SriLankan Airlines will launch a new twice-weekly direct service from Milan to Colombo on 16th December, to enhance Italian tourism into Sri Lanka and serve the sizable Sri Lankan community in northern Italy....
Full story

Court orders to return Ceylinco Investment Company shares back to Lalith Kotelawaela

Chairman, Merchant Bank of Sri Lanka, Janaka Ratnayake, who is a relative of the President, has been ordered by court to return the shares of Ceylinco Investment Company he forcibly acquired back to the Company’s Chairman, Lalith Kotelawela....
Full story

SAFTA considers early completion of TLP by NLDC

ISLAMABAD: Committee of Experts (COE) of SAFTA comprising senior trade officials from all SAARC member countries will deliberate within next two months on early completion of Trade Liberalization Programme (TLP) by Non-Least Developed Countries i.e. Pakistan, India and Sri Lanka by December 2010 instead of earlier cut off date of December 2012, official sources at Ministry of Commerce informed. ...
Full story

Sri Lankan arrested in Chennai over fake credit cards

Chennai: The central crime branch police on Thursday arrested a Sri Lankan national for the possessing fake credit cards and indulging in illegal business for the past seven months. Police suspects that the culprit may also have manufactured and supplied fake credit cards. ...
Full story
back 1 2 3 4 5 6 7 8 9 10 next total: 95 | displaying: 81 - 90
What's new

Deal between Sri Lankan, Kerala banks on Tuesday

THIRUVANANTHAPURAM: Kerala-based South Indian Bank (SIB) will Tuesday ink an agreement with Hatton National Bank (HNB), the largest private sector bank in Sri Lanka, to enable the exchange of expertise and services between the two financial institutions, an SIB official said here Sunday.

Lanka's poultry industry in crisis

Sri Lanka's poultry industry has been hit by a double whammy due to high feed costs and price controls on processed chicken.

Fitch Affirms Rating on Singer (Sri Lanka) Notes Following Increase in Issue Amount

Fitch Ratings-Colombo/Mumbai/Singapore-19 March 2010: Fitch Ratings Lanka has today affirmed the 'A-(lka)' National Long-term debt rating on Singer (Sri Lanka) PLC's (Singer) proposed notes following an increase in the issue amount to LKR1,000m from LKR600m. Simultaneously the agency has affirmed the ratings on Singer's outstanding senior unsecured notes at 'A-(lka)'. The Outlook is Stable.

Toymakers Pvt Ltd, a BOI enterprise will manufacture educational toys in the Puttalam District

A new BOI enterprise Toymakers Pvt Ltd, formally opened a factory at Unawaliwatta, in Madurankuliya, Puttalam. This project comes under the BOI’s 300 Enterprises Programme, a special scheme of the Board that awards additional incentives to those investors who take the bold step of starting projects in any one of the 300 divisional secretariats outside the Western Province.

Hunt for Sicille continues

The Criminal Investigations Department (CID) says it is still investigating the whereabouts of Sicille Kotalawala, wife of businessman Lalith Kotalawala, who is wanted over a fraud case.

SriLankan Airlines to be sold again?

The SriLankan Airlines is faced with a severe financial crisis and is reportedly unable to pay even the salary increments of the workers. The 10% salary increment that was agreed upon in the agreement between the management and workers is yet to be granted.

Sri Lankan industry introduces “Green Factories

In today’s world the consumer will increasingly decide to purchase goods, which are manufactured in an ethical manner and not the result of unethical or exploitative processes of production. Hence, many consumers will be socially aware that currently the environment faces many threats and will insist that the goods they purchase are produced in an environmentally friendly manner. It is also correct to say that in many western countries there is a conscious policy to introduce an eco friendly lifestyle.

Indian Education Expo’ on 27 & 28 March in Colombo

‘Indian Education Expo’, a massive endeavour to promote Indian education to Sri Lankan students will be held on 27 and 28 March 2010 at the Sri Lankan Exhibition and Convention Centre (SLECC). This fair is jointly organised by The Times of India – India’s largest circulated English Daily, and Introductions Trade Shows, a leading exhibitions organiser since 1983.

Fitch Affirms Sri Lanka's Aitken Spence's Senior Unsecured Notes at 'AA(lka)'

Fitch Ratings has today affirmed Sri Lanka's Aitken Spence PLC's (ASP) senior unsecured notes at National Long-term 'AA(lka)'. The Outlook is Stable.

Kingfisher to launch seven international routes

India’s second largest private carrier Kingfisher Airlines will launch seven international routes this summer, which include a daily non-stop flight between New Delhi and London starting March 28 and one between New Delhi and Hong Kong beginning April 7.
Featured author