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Sri Lanka stocks close down 0.79-pct
Oct 25, 2010 (LBO) – Sri Lanka stocks closed down Monday, dragged down by index heavy stocks like John Keells Holdings (JKH) and Aitken Spence, brokers said. Sampth bank closed at 295.10 rupees, up 21.50 (7.86 percent) while HNB, closed at 407.00 rupees, up 6.70 (1.67 percent). There were 53 gainers and 148 losers. The […]
Sound Profile
Oct 25, 2010 (LBO) – Fitch Ratings Lanka has confirmed the national long-term rating of Sri Lanka’s Hatton National Bank (HNB) at ‘AA-(lka)’ and its subordinated debentures at ‘A+(lka)’ with a stable outlook, a statement said. “The ratings reflect HNB’s sound financial profile supported by good profitability, asset quality and capitalisation among local commercial banks,” […]
Sri Lanka Aitken Spence proposes city hotel on state land: minister
Oct 25, 2010 (LBO) – Sri Lanka’s listed Aitken Spence group has proposed to build a luxury city hotel on excess land owned by a state-run firm in the island’s capital Colombo, fisheries minister Rajitha Senaratna said. The land belongs to Ceynor Foundation, a state-run boat builder. The firm has offices in Colombo’s D R […]
Sri Lanka state backing for Shangi-La hotel project: report
Oct 25, 2010 (LBO) – Land in a military sports ground in Sri Lanka’s capital Colombo would be given to Hong Kong-based Shangri-La group to build a 75 million US dollar luxury hotel and apartment complex, a media report said. Sri Lanka’s The Sunday Times newspaper said the cabinet of ministers had approved the proposal […]
Sri Lanka gets 20 bids for vessel monitoring system
Oct 25, 2010 (LBO) – Sri Lanka has received 20 bids from vendors in nine countries for a satellite-based vessel monitoring system tender which will be awarded before the end of the year, fisheries minister Rajitha Senaratne said. “We found choosing the vendor more difficult than we first thought. We have sought seeking expert help […]
Sri Lanka Sept tea output falls slightly
Oct 25, 2010 (LBO) – Sri Lanka’s tea production fell slightly in September 2010 compared with a year ago although output for the nine months were much higher than in the same period for 2009, the Tea Board said. Tea production in September fell five percent to 26. 4 million kilos from the previous year, […]
Sri Lanka coal plant test on schedule despite fire: minister
Oct 25, 2010 LBO) – A planned testing of Sri lanka’s first coal-fired power plant will go ahead as scheduled on November 17, despite a fire which broke out over the weekend, power minister Champika Ranawaka said. Potential fire damage to Norochcholai plant on the west coast is still being assessed by the government analyst, […]
‘s gold
October 25, 2010 (AFP) – Sri Lankan sports chiefs on Monday confiscated the gold medal won by boxer Manju Wanniarachchi at this month’s Commonwealth Games and gave him two weeks to answer doping charges. Wanniarachchi, 30, Sri Lanka’s only gold winner at the Games, tested positive for the performance-enhancing steroid nandrolone, according to a report […]
‘s T20 with Sri Lanka
SYDNEY, October 25, 2010 (AFP) – Paceman Peter Siddle and wicketkeeper Brad Haddin have returned to Australia’s squad for next weekend’s Twenty20 match with Sri Lanka in Perth after injury, selectors said Monday. Siddle is available for Sunday’s game after a lengthy rehabilitation from a back injury, while Haddin has returned to full fitness following […]
Golden Key
Oct 24, 2010 (LBO) – Sri Lanka will file criminal charges against directors of Golden Key Credit Card Company, an unregulated firm promising high interest rates that collapsed owing 26 billion rupees to investors, a media report said. Another media report by The Sunday Times newspaper said some depositors had filed an affidavit at an […]