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” rise: report
May 29, 2011 (LBO) – Protests against a controversial attempt by the state to grab long term control of private sector workers’ retirement funds and deduct more money from their salaries are rising. The Sunday Times newspaper said more than 10,000 workers from Sri Lanka’s export processing zones took part in protests last week. Workers […]
Anderson unable to bowl again in Sri Lanka opener
CARDIFF, May 28, 2011 (AFP) – England’s James Anderson will be unable to bowl again in the remainder of the first Test against Sri Lanka, a team spokesman said Saturday. And the 28-year-old Lancashire seamer is also now doubtful for the second of this three-Test series starting at Lord’s this coming Friday. Ashes hero Anderson […]
Sri Lanka shares end up 0.5-pct
May 27, 2011 (LBO) – Sri Lankan shares closed firmer Friday with interest in financial stocks and two newly listed finance companies that soared on their debut making further gains, brokers said. The main All Share Price Index closed at 7,459.58, up 0.54 percent (40.14 points) while the more liquid Milanka index rose 0.15 percent […]
Debenture Rating
May 27, 2011 (LBO) – Fitch Ratings said it had rated a proposed one billion rupee subordinated debenture ‘AA-(lka)’ by National Development Bank one notch below the bank’s long term ‘AA(lka)’ credit which has a stable outlook. Core profitability as measured by return on assets (adjusted for gains on equities and government securities) had increased […]
Sri Lanka cracks down on illegal fishing
May 27, 2011 (LBO) – Sri Lanka has told a regional fish management body that it is cracking down on illegal fishing that is seen hurting efforts to prevent over-exploitation of fish stocks and conservation. The crackdown comes in the wake of concern that illegal fishing hurt management measures aimed at controlling and monitoring fish […]
”
May 26, 2011 (AFP) – Sri Lanka said Thursday it planned to set up sanctuaries for stray dogs in a bid to remove them from the streets and tackle a growing rabies problem. Between 2,000 and 2,500 people are bitten each day by stray dogs, the official said, and there is one dog for every […]
First Land Rover rolls out of Indian factory
PIMPRI, May 27, 2011 (AFP) – Mumbai-based Tata Motors opened its first Indian factory on Friday for Land Rovers, the formerly loss-making British brand aiming to make inroads in the booming South Asian market. A Freelander 2 sports utility vehicle was the first to roll out of the plant on the outskirts of Pune, some […]
Sri Lanka leader vows to defend troops on war crime claims
May 27, 2011 (AFP) – Sri Lankan President Mahinda Rajapakse on Friday vowed to defend his military from war crimes allegations as the island marked the second year of its victory over Tamil Tiger rebels. “We will not betray you to the world,” Rajapakse told troops during a colourful military parade at Colombo’s seafront Galle […]
Sri Lanka newly listed finance firms soar on debut
May 26, 2011 (LBO) – Sri Lankan shares closed weaker Thursday with two newly listed finance companies soaring on their debut and a property company once again the most actively traded stock, brokers said. The main All Share Price Index closed at 7,419.44, down 0.37 percent (27.25 points) while the more liquid Milanka index fell […]
Finance Rating
May 26, 2011 (LBO) – Sri Lanka’s Multi Finance Company Limited (MFCL) has been rated ‘B+(lka)’, four notches below investment grade, by Fitch with a ‘stable’ outlook. “MFCL’s rating reflects its small size, weak franchise, modest capitalisation and low profitability in its core business,” Fitch Ratings said in a statement. “The rating factors in the […]