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‘s inflation hits 15.3% in July
August 31, 2006 (LBO) – Sri Lanka’s consumer prices jumped to 15.3 percent in July, the Census & Statistics Department said Thursday, as prices of bread, fuel, cinema tickets rose to offset lower costs of vegetables. As a result the Colombo Consumer Price Index or CCPI ended at 4,650.0 in July. Prices of bread, wheat […]
Commercial Leasing Company secures A-(lka) rating
August 30, 2006 (LBO) – Commercial Leasing Company Ltd’s senior debt has been rated A-(lka) by Fitch Ratings Lanka Ltd, the agency said Wednesday. The rating outlook is ‘stable’, the agency said adding that it also rides on the strength of company’s key shareholders: • Commercial Bank – rated AA+(lka) • Chemanex Ltd • Singer […]
DFCC Bank taps debt market for funds
August 30, 2006 (LBO) – Sri Lanka’s DFCC Bank plans to raise up to two billion rupees in debt capital to meet its long term credit expansion. The privately placed issue carries an AA-(lka) rating from Fitch Ratings Lanka with tenures ranging from five to 10 years. The unsecured subordinated redeemable debenture issue will be […]
Senkadagala Finance retains BBB+(lka) rating from Fitch
August 30, 2006 (LBO) – Sri Lanka’s Senkadagala Finance Company Ltd retained its ‘BBB+(lka)’ rating from Fitch Ratings Lanka, the agency said Wednesday. The rating carries a ‘stable’ outlook and Fitch said they have also retained the same rating for Senkadagala’s four-year debenture ending in 2009. The rating reflects the family owned company’s good asset […]
Air Pocket
GENEVA, Aug 30, 2006 (AFP) – The world’s top airline association on Wednesday predicted a dip in air travel due to the British terror alert this month, but said the prospects for the sector were nevertheless bright.The incident also prompted tougher restrictions on hand luggage worldwide and boosted security checks on passengers.“While we expect to […]
Pushing Buttons
August 30, 2006 (LBO) – One of Sri Lanka’s foremost telecom experts, Rohan Samarajiva is due to chair this year’s Digital Opportunity Forum in Korea on Thursday. Samarajiva, who is the current Executive Director of LIRNasia will also deliver the keynote address: Bridging the Divide: Building Asia-Pacific Capacity for Effective Reforms. The two-day parley is […]
Feeling peckish? British council bans biscuits to beat the birds
LONDON, Aug 30, 2006 (AFP) – They are an integral part of British tea-time, but councillors in one city are having to forgo biscuits with their daily cuppa to deal with the growing problem of aggressive seagulls.Bristol City Council in the west of England has calculated it could save 25,000 pounds (37,000 euros, 47,500 dollars) […]
Sri Lanka rejects charity worker massacre charge as “outrageous”
LONDON, Aug 30, 2006 (AFP) – Sri Lanka rejected as “outrageous” Wednesday a ruling by independent ceasefire monitors that government forces were responsible for the massacre of 17 employees of a French charity. Sri Lanka’s Foreign Minister Mangala Samaraweera, who was visiting London, told the BBC that the Swedish-led Sri Lanka Monitoring Mission (SLMM) had […]
Sri Lanka troops killed 17 French aid workers: monitors
Aug 30, 2006 (AFP) – Sri Lankan troops killed 17 French charity workers and waged a bombing campaign against Tamil rebels, truce monitors said Wednesday, amid fears the nation was headed for full-scale war.As of Thursday, the SLMM will have to carry out its duties with just 30 members instead of 57.The Swedish-led Sri Lanka […]
‘s east as death toll mounts
30, 2006 (AFP) – A battle between Sri Lankan troops and Tamil Tiger rebels over a key eastern naval port continued Wednesday with sporadic artillery duels as both sides claimed to have inflicted heavy losses. Sri Lankan defence officials and the rebel Liberation Tigers of Tamil Eelam (LTTE) said shelling continued in a government offensive […]