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Feb 21, 2011 (LBO) – A devaluation of Vietnam’s currency by 9.0 percent may increase bank bad loans, especially where dollar loans were given to customers with local currency revenues and hurt capital, Moody’s, a rating agency has said. A weaker dong increases prices throughout the economy, with internationally traded goods, whether imported or exported […]
Sri Lanka make 332-7 against Canada
HAMBANTOTA, February 20, 2011 (AFP) – Sri Lanka made 332-7 off their 50 overs in the World Cup Group A clash against Canada at the new Mahinda Rajapakse Stadium on Sunday. Mahela Jayawardene scored 100 – the fourth fastest century in the history of the tournament – while captain Kumar Sangakkara (92) and Tillakaratne Dilshan […]
‘s Sri Lanka clash
HAMBANTOTA, February 20, 2011 (AFP) – Canada coach Pubudu Dassanayake spiced up Sunday’s World Cup clash with Sri Lanka by accusing the hosts of damaging their practice sessions at the new Hambantota stadium. “I wouldn’t have complained because of the occasion. But it happened to us twice and no one bothered to help us,” claimed […]
Tragedy-hit Sri Lanka town ready for World Cup baptism
HAMBANTOTA, February 20, 2011 (AFP) – Hambantota, where 3,000 people died in the 2004 tsunami, welcomed the World Cup on Sunday, the latest morale-boosting step for the ambitious Sri Lankan coastal city. The stadium where Sri Lanka were due to tackle Canada is named after president Mahinda Rajapakse, who hopes the facility will go a […]
Sri Lanka coal power plant on full load
Feb 19, 2011 (LBO) – Sri Lanka has run a Chinese built 300 MegaWatt power plant fully on coal with a full load connected to the national power supply on Friday night for the first time as part of its testing regime officials said. The power plant started tests in September initially using diesel and […]
Huge security clampdown for World Cup
DHAKA, February 19, 2011 (AFP) – The opening game of the World Cup Saturday sees a huge security operation swing into action designed to prevent any repeat of the deadly 2009 attack on the Sri Lankan team that still haunts the sport. Around 20,000 members of Bangladesh’s elite paramilitary force the Rapid Action Battalion and […]
Sri Lanka shares end up 0.8-pct
Feb 18, 2011(LBO) – Sri Lankan stocks closed 0. 85 percent higher Friday helped by gains in Ceylon Tea Services and Bukit Darah stocks, brokers said. The All Share Price Index closed at 7,672. 49, up 0.85 percent (64.70 points) while the Milanka Price Index of more liquid stocks closed at 7,242. 15, up 0.24 […]
Tele Rating
Feb 18, 2011 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s (SLT) long-term foreign currency rating at ‘B+’ with a positive outlook, a statement said. The agency has also confirmed SLT’s long-term local currency rating at ‘BB-‘ and its national long-term rating at ‘AAA(lka)’ with a stable outlook for both. The foreign currency rating […]
Americans warned to be alert during cricket World Cup
WASHINGTON, February 17, 2011 (AFP) – The United States on Thursday urged its citizens to be extra vigilant about terror risks if they are in India, Bangladesh and Sri Lanka during the cricket World Cup. “While the US government has no specific threat information regarding the Cricket World Cup, large, high-profile events of this nature […]
Sri Lanka India coal project hit by legal queries: report
Feb 18, 2011 (LBO) – A state joint venture coal power plant between India and Sri Lanka which has been negotiated for several years has been hit by further delays following legal queries from the island nation, a media report said. India’s National Thermal Power Corporation and Sri Lanka’s Ceylon Electricity Board has been talking […]