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Tele Trend
Sept 20, 2011 (LBO) – Sri Lanka’s mobile users grew 14. 5 percent to 18.1 million in the second quarter of 2011 from a year earlier down from an 18. 5 percent expansion seen in the first quarter, official data showed. Wireless fixed usage contracted 2. 5 percent to 2.68 million in the second quarter […]
Sri Lanka Tamil protesters ask for probe into war crimes allegations
GENEVA, September 19, 2011 (AFP) – Tamils from across Europe demonstrated at the UN’s European headquarters on Monday, calling for a probe into alleged war crimes committed by Sri Lanka at the end of the country’s 2009 civil war. According to local police, around 1,000 protesters gathered in Geneva’s iconic Place des Nations, to urge […]
Sri Lanka starts active open market operations – Update
Sept 19, 2011 (LBO) – Sri Lanka’s central bank resumed active open market operations Monday absorbing a small amount of excess liquidity eight basis points above it 7.0 percent policy rate, rejecting most of the bids that came at higher rates, dealers said. Market participants offered to sell 36.15 billion in excess rupees through the […]
‘s credit expansion slower in July
Sept 19, 2011 (LBO) – Sri Lanka’s commercial banks loaned 26.9 billion rupees to private business in July 2011, down from 39 billion rupees a month earlier and credit to the state fell, following the sale of a soveriegn bond, official data showed. Central Bank credit to government – usually a red flag of impending […]
Sri Lanka stock trades cancelled after technical glitch
Sep 19, 2011 (LBO) – Sri Lanka Colombo Stock Exchange (CSE) cancelled all orders and trades Monday after a technical problem halted trading soon after the opening. Turnover had been 1.8 billion rupees on Friday. “The Automated Trading System (ATS) experienced a hardware failure in the database servers shortly after the Open Auction today,” a […]
Debt Rating
Sept 19, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance’s (SFC) proposed senior unsecured redeemable debentures of up to 300 million rupees a ‘BBB+(lka)’ rating. The agency has also confirmed and withdrawn the ‘BBB+(lka)’ rating on SFC’s proposed listed debenture issuance of a billion rupees scheduled to take place in March 2011 due […]
Financial Strength
Sept 19, 2011 (LBO) – Fitch Ratings Lanka has confirmed Citibank N.A. – Colombo Branch’s (CitiSL) national long-term rating at ‘AAA(lka)’ with a stable outlook. “CitiSL’s rating reflects Citibank N.A.’s (Citibank) financial strength,” it said in a statement. “Given that CitiSL is a branch and part of the same legal entity as Citibank, Fitch believes […]
Regulator Posts
Sept 19, 2011 (LBO) – Sri Lanka’s central bank has promoted three assistant governors, P Nandalal Weerasinghe, B D W A Silva and C Premeratne to the posts of deputy governor, a statement said. Weerasinghe and Silva were promoted with effect from September 27, 2011 and Premeratne is to be promoted with effect from January […]
False Papers
Sept 19, 2011 (LBO) – A Sri Lankan student seeking to study in the United Kingdom was arrested for fraud because she submitted a false education certificate with her visa application, the British high commission said. “They have also have been banned from travelling to the UK for ten years.” “The UK Border Agency referred […]
Fast Access
Sept 19, 2011 (LBO) – Sri Lanka Telecom, the island’s dominant fixed line operator, has commissioned a fibre optic network in the former northern war zone providing high speed links with the rest of the country and abroad. œThe launch of the i-Sri Lanka project helps bridge the divide between Jaffna and the rest of […]