All Blogs
Sri Lanka thrashed by Tasmania in one-dayer
HOBART, Australia, Feb 2, 2008 (AFP) – Opener Sanath Jayasuriya was hit in the jaw as Sri Lanka slumped to a disappointing defeat here Saturday in their final warm-up match before the triangular series against India and Australia.The Sri Lankans beat the Prime Minister’s XI comfortably on Wednesday in Canberra, but Tasmania thrashed them by […]
Sri Lankan president urges calm after bus blast
Feb 2, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse blamed Tamil Tiger guerrillas for a bomb Saturday on a bus that killed at least 20 people, urging citizens not to be provoked by the rebels “brutality.” The parcel bomb went off as the crowded bus, carrying many Buddhist pilgrims belonging to the ethnic Sinhalese […]
Sri Lanka bus bombing kills 20
Feb 2, 2008 (AFP) – Suspected Tamil Tiger rebels set off a powerful bomb on a crowded bus in north-central Sri Lanka Saturday, killing at least 20 people and wounding another 61, the military and hospital sources said.The Tamil Tigers have been fighting for an independent Tamil homeland in the majority Sinhalese nation since 1972 […]
Sri Lanka can stop inflation with currency board: Steve Hanke
Feb 02, 2008 (LBO) – Sri Lanka could end inflation by adopting a working exchange rate system and a credible external anchor in the form of a currency board, a top international monetary economist has said. Related Links Go to article on Cato Institute website Go to Globe Asia column Go to Steve Hanke’s columns […]
Sri Lanka says Japan is not about to cut aid
Feb 02, 2008 (LBO) – Sri Lanka’s foreign ministry says it has received assurances from Japan that aid will not be cut, after reports that Japan would review its aid policy to the island. Japan’s special envoy to Sri Lanka’s peace process Yasushi Akashi visited the island just as the government pulled out of a […]
Sri Lanka doubles bond coupons to 15.50-pct
Feb 01, 2008 (LBO) – Sri Lanka has more than doubled the coupons on its two year bonds, the government’s debt office said, in a move that will give the government more immediate cash. The debt office offered 750 million rupees of 2-year bonds maturing on January 15, 2010 Friday, with a coupon of 15.50 […]
Sri Lanka rupee at one year highs, forward premiums narrow
Feb 01, 2008 (LBO) – The Sri Lanka rupee hit 13-month highs of 107.65/70 against the US dollar as foreign bond buying and tighter monetary policy strengthened the rupee, dealers said. On January 01, 2007 the rupee had closed at 107.60/70 against the US dollar and on Jan 02 at 107.67/77, dealer said. The rupee […]
Sri Lankan investors on look out for earnings surprises
Feb 01, 2008 (LBO) – Sri Lanka’s share market closed marginally higher Friday with investors selectively buying stocks expected to report higher quarterly earnings this month, brokers said. The market is now more of an ‘event driven’ entity, visible from the choppy trading during January this year in comparison to that of last year, because […]
Paper Issue
Feb 01, 2008 (LBO) – Lanka Orix Leasing Company (LOLC) is planning to raise 500 million rupees from a rated commercial paper, Fitch Sri Lanka said, assigning the issue a short term rating of ‘F1 (lka)’. . “The assigned rating reflects the absence of an adverse shift in the maturities of the company’s interest bearing […]
Durable Finance
Feb 01, 2008 (LBO) – Fitch Sri Lanka has confirmed the ‘BBB (lka)’ national long-term rating of Singer Finance (Lanka) Limited (SF) with a ‘stable’ outlook. SF was established as a RFC in April 2004, and currently operates through five branches. “The principal factor taken into consideration in SF’s rating is the implied support assumed […]