All Blogs
” rating confirmed by RAM
Aug 08, 2013 (LBO) – An ‘AA’ rating of Sri Lanka’s Sampath Bank has been confirmed by RAM Rating Lanka with a stable outlook.“The ratings are supported by the Bank’s healthy asset quality and good market position,” the rating agency said. “On the other hand, the ratings are temperedby the Bank’s average capitalisation.” RAM said […]
Sri Lanka stocks close flat
Aug 08, 2013 (LBO) – Sri Lanka’s stocks closed flat Thursday with losses in in the large cap stocks and some banking stocks, brokers said. Ceylon Tobacco Company closed at 1,201.00 up 0.70 rupees and Distilleries Sri Lanka closed at 194.90 up 2.40 rupees. The benchmark Colombo All Share Index closed 0.13 points higher at […]
Bank Award
Aug 08, 2013 (LBO) – HSBC said it had been named the best internet bank by Gobal Finance, a magazine for the eight year running. HSBC’s Internet banking platform has created a simpler, quicker and more convenient method for banking. James Rebert, head of cards, products and service, HSBC said in a statement. We are […]
Sri Lanka Crown project to be built on same place: minister
Aug 08, 2013 (LBO) – A large casino resort by Australia’s Crown group will be built on the original location and they have only been informed to design two towers to maintain a view of a nearby lake, a minister said.Investment promotion minister Lakshman Yapa Abeywardene said the project, which borders Colombo’s Beira Lake should […]
SriLankan to break even over four years with new fleet
Aug 08, 2013 (LBO) – State-run carrier SriLankan airlines group is planning to break even in the year to March 2017, after running about 335 million US dollars of losses in the intervening years, an official said. Sri Lankan is buying 13 new aircraft from Airbus which will be more fuel efficient saving costs and […]
Cardinal slams Sri Lanka army for attack inside church
COLOMBO, August 7, 2013 (AFP) – The Roman Catholic church Wednesday slammed Sri Lanka’s army for storming a church and assaulting residents trying to escape soldiers firing on villagers protesting against contaminated water.The shootings came ahead of a visit to the island by United Nations rights chief Navi Pillay later this month. Pillay is due […]
Sri Lanka halts sale of baby formula, foreign milk power advertising
Aug 07, 2013 (LBO) – Sri Lanka has halted the sale of imported baby formula following a contamination scare over New Zealand made dairy products and media organizations will be asked to stop advertising milk products, a senior health official said.Heath services director general Palitha Mahipala said a food advisory committee that met yesterday had […]
Sri Lanka sells 4-year bonds to yield below market
Aug 06, 2013 (LBO) – Sri Lanka has sold 4-year Treasury bonds at an auction Wednesday to yield 10.87 percent, the state debt office said, which is lower than the secondary market rate. The debt office said it sold 1.6 billion rupees of bonds maturing on January 15, 2017. In the secondary market a bond […]
Sri Lanka corporate debt to get boost from S&P
Aug 06, 2013 (LBO) – Standard and Poor’s Rating Services said is hosting a forum in Colombo on August 16 amid plans by Sri Lanka to boost the country’s debt markets. Sri Lanka’s Securities and Exchange Commission wants to boost outstanding capital market debt to 10 billion US dollars from the one billion dollars at […]
Brand Award
Aug 07, 2013 (LBO) – Sri Lanka’ state-run Bank of Ceylon said it had been recognized as one of 35 best brands in Asia by Mumbai-based Chief Marketing Officer Council (CMO Council). BOC has 10 million account holders equal to half the population of Sri Lanka and over a trillion rupees in assets. Other winners […]