All Blogs
Firm Hand
Oct 28 (LBO) – Rating agency Fitch Lanka affirmed DFCC Vardhana Bank’s AA-(lka) national long term rating on Friday, on the strength of parent company DFCC Bank. The principal factor supporting the rating of DFCC Vardhana Bank (DVB) is the strong implied support assumed to be available from its parent, DFCC Bank, Fitch Ratings Lanka […]
Quiet Entry
October 27, 2006 (LBO) – Amana Takaful Ltd., a specialized Islamic insurance company, plans to list 12.5 million shares on the Colombo Stock Exchange by way of an introduction. Priced at 10.00 rupees each, the shares will be listed on the Colombo Stock Exchange’s secondary board. There will be no public issue of shares, CSE’s […]
India, US to hold talks to bridge WTO differences
NEW YORK, Oct 26, 2006 (AFP) – India and the United States have agreed to meet in a bid to iron out differences over achieving a global trade accord, Indian Commerce Minister Kamal Nath said Thursday. The agreement was reached at a high level New York meeting between American and Indian government and private sector […]
The day that raised London as global financial centre
LONDON, Oct 27, 2006 (AFP) – The City of London marked on Friday 20 years since the so-called “Big Bang” which broke down staid old practices with a wave of deregulation, credited now with giving London the edge as a global financial centre in Europe. The “Bang” has been a central factor propelling the ‘Square […]
”’ rugby venue
COLOMBO, Oct 27, 2006 (AFP) – Sri Lankan rugby authorities Friday said they were disappointed after Colombo was scrapped as a venue for next year’s World Cup qualifiers, due to security concerns. The IRB decision had come in spite of assurances from the Sri Lankan foreign and defence ministries to all participating nations on the […]
IRB scraps Asian World Cup qualifiers in Sri Lanka
TOKYO, Oct 27, 2006 (AFP) – The International Rugby Board has axed Colombo as the venue of the final Asian qualifying round for next year’s World Cup due to security problems, the Japan Rugby Football Union said Friday. The IRB will decide a new host city for the November 19-25 qualifying round for the finals […]
Sea battle, shelling reported ahead of Sri Lanka peace talks
COLOMBO, Oct 27, 2006 (AFP) – Sri Lanka’s navy fought a five-hour battle with Tamil Tiger gunboats amid fears the rebels were launching a major attack against the northern Jaffna peninsula, a pro-Tiger website reported Friday. Navy patrols attacked rebel craft early Thursday morning, the Tamilnet.com website said, adding that heavy artillery and mortar fire […]
Non-Negotiable
Oct 26, 2006 (LBO) – Sri Lanka™s trade ministry has shot down efforts by local businessmen to get desiccated coconut off India™s protected list, to avoid a political battle with the island™s largest trading partner. Desiccated coconut is on a preferential trading list which gives Sri Lankan exports to India a preferential duty of 57 […]
Stellar Performance
July 27, 2006 (LBO) – Dialog Telekom, Sri Lanka’s largest cellular phone operator, Thursday posted a 47 percent rise in net profits for the nine months to September, as subscriber growth lifted revenues. A unit of Telekom Malaysia, Dialog Telekom, reported a 7.55 billion rupee group net profit, while revenues climbed 47 percent to 18.89 […]
Sri Lankan government, rebels must stop “rampant” abuse
GENEVA, Oct 26, 2006 (AFP) – The advocacy group Human Rights Watch on Thursday urged the Sri Lankan government and Tamil Tiger rebels to use their talks in Geneva to end “escalating” and “rampant” abuse of civilians.Nearly 3,000 people have been killed and some 217,000 have fled their homes since bitter fighting escalated earlier this […]