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Back to Mommy
July 27, 2006 (LBO) – Sri Lanka’s cabinet has transferred a third of petroleum assets held by the treasury to the state-run Ceylon Petroleum Corp, with immediate effect, government spokesman Anura Yapa said Thursday. Under the cabinet decision, around 3,500 CPSTL staff will rejoin the CPC workforce. The assets — which comprises 107 fuel sheds […]
Fitch upgrades People’s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) – Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People’s Leasing Trust Nine to ‘A+(lka)’ from ‘A(lka)’. People’s Leasing trust nine, is a special purpose vehicle created by People’s Leasing Company of Sri Lanka (PLC) for the sole purpose of this transaction. The rating action says […]
Fitch upgrades Nations Trust Bank to ‘A(lka)’
July 26, 2006 (LBO) – Fitch Ratings said Wednesday it has upgraded Sri Lanka’s Nations Trust Bank’s long-term debt to A(lka) with its outlook on the rating to “stable”. The ratings agency said the revision mainly reflects NTBs stronger financial profile, equity infusion post merger with Mercantile Leasing Ltd (MLL) and an expanded asset base. […]
Sri Lanka’s army chief back at work after bombing
July 26, 2006 (AFP) – Sri Lanka’s army chief Sarath Fonseka has resumed work after surviving a suicide bomb attack three months ago, military spokesman Prasad Samarasinghe said Wednesday. More than 60,000 people have been killed in the conflict.Lieutenant General Fonseka returned to the capital Colombo Tuesday after undergoing specialised treatment in Singapore for more […]
‘s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) – Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People’s Leasing Trust Nine to ‘A+(lka)’ from ‘A(lka)’. People’s Leasing trust nine, is a special purpose vehicle created by People’s Leasing Company of Sri Lanka (PLC) for the sole purpose of this transaction. The rating action says […]
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July 26, 2006 (LBO) – Fitch Ratings said Wednesday it has upgraded Sri Lanka’s Nations Trust Bank’s long-term debt to A(lka) with its outlook on the rating to “stable”. The ratings agency said the revision mainly reflects NTBs stronger financial profile, equity infusion post merger with Mercantile Leasing Ltd (MLL) and an expanded asset base. […]
Sharp Rise
July 26, 2006 (LBO) – Hatton National Bank, the island’s second biggest privately owned lender by assets, Wednesday posted a net profit of 506.46 million rupees for the three months to June, up 48 percent from 343.09 million rupees in the same period last year. For the six months to June, the group’s income rose […]
Aitken Spence Hotels re-brands its Maldivian properties
July 26, 2006 (LBO) – Aitken Spence Hotels re-branded its Maldivian properties under a new Adaaran brand, with six of its resort products coming under the new umbrella. The hotels will be branded in four tiers – Adaaran Select, Adaaran Club, Adaaran Prestige and Adaaran Ayurveda Village the company said Wednesday. The group also recently […]
Sri Lanka launches air attacks on Tiger rebels
July 26, 2006 (AFP) – Sri Lankan war planes bombed suspected Tamil Tiger positions in northeast Sri Lanka Wednesday after the rebels allegedly blocked an irrigation canal, a government minister said.Israeli-built Kfir jets pounded bases of the rebels at Maavilaru and Hirugalaru in the northeast district of Trincomalee where the Tigers had blocked the waterway, […]
‘s army chief back at work after bombing
July 26, 2006 (AFP) – Sri Lanka’s army chief Sarath Fonseka has resumed work after surviving a suicide bomb attack three months ago, military spokesman Prasad Samarasinghe said Wednesday. More than 60,000 people have been killed in the conflict.Lieutenant General Fonseka returned to the capital Colombo Tuesday after undergoing specialised treatment in Singapore for more […]