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Citi Profits
Dec 01, 2008 (LBO) – Profits of the Sri Lanka unit of Citibank soared 134 percent in the 9-months to September 2008 to 1,276 million rupees, driven by a steep increase in fee income, while revenues grew 38.9 percent to 2,247 million rupees, its interim accounts showed.Citibank Sri Lanka had gross assets of 20.7 billion […]
Standard Numbers
Dec 01, 2008 (LBO) – Sri Lanka’s Standard Chartered Bank unit has reported a net profit increase of 55 percent to 1,803 million rupees in the 9-months ended September 2008, while revenues climbed 29 percent to 7,338 million rupees. The bank had gross assets of 78.9 billion rupees and net assets of 12.7 billion rupees […]
State Facts
Dec 01, 2008 (LBO) – Net profits of state-run Bank of Ceylon fell 5.6 percent in the 9-months to September while revenues grew 20.6 percent to 43.9 billion rupees, interim accounts published by the bank showed. Deposits grew to 325.6 billion rupees from 310.4 billion rupees in the nine months. Savings accounts grew to 141.3 […]
Tele Rate
Dec 01, 2008 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s ‘B+’ long term foreign currency credit rating, with a stable outlook, and says it is increasing market share in the mobile market, though margins are narrowing. “The company also enjoys a dominant share of the international long-distance and IP and data-related services.” In […]
Though shaken by siege, Mumbai comes back to life
MUMBAI, December 1, 2008 (AFP) – For 60 hours, Mumbai residents watched aghast as gunmen opened fire in a station and hospital, seizing two top hotels and a Jewish centre in a coordinated assault that left at least 172 people dead. But soon after an attack described by many in the media here as “India’s […]
Sri Lanka takes another town in battle for Tiger capital: military
December 1, 2008 (AFP) – Sri Lankan government forces on Monday wrested control over another town from Tamil Tiger rebels in their offensive to capture the political capital of the guerrillas, the defence ministry said.The guerrillas, who began their struggle for a separate Tamil homeland in 1972, are facing the Sri Lankan army’s biggest ever […]
Sri Lanka grind out final ODI win for whitewash
HARARE, November 30, 2008 (AFP) – Sri Lanka rounded out a 5-0 series victory in Zimbabwe at Harare Sports Club here Sunday, winning by just 19 runs after struggling to 152 all out having been put into bat.Zimbabwe, whose spinners had given them a chance on a lifeless pitch at least to try to prevent […]
India interior minister resigns over Mumbai attacks
MUMBAI, November 30, 2008 (AFP) – India’s interior minister resigned Sunday as anger grew over intelligence failures leading up to the attacks on Mumbai and investigators focused on a Pakistan-based Islamic militant group. Home Minister Shivraj Patil said he took “moral responsibility” for the assault by heavily-armed militants which left nearly 200 people dead and […]
Sri Lanka resumes advance on Tiger HQ
November 30, 2008 (AFP) – Sri Lankan security forces have resumed their offensive to capture the political capital of Tamil Tiger rebels after heavy monsoon rains began subsiding, the defence ministry said Sunday.“The air sorties were made in support of the advancing 57th division infantry battalions,” the ministry said. Flooding had stalled the military push […]
Still There
Nov 30, 2008 (LBO) – Sri Lanka’s petroleum ministry has not yet been taken over by President Mahinda Rajapaksa, following a court ruling by the Supreme Court, a media report said Sunday. The Sunday Times newspaper, quoting petroleum minister A H M Fowzie said he had not received any instructions from the country’s president. The […]