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Fitch upgrades Hatton National Bank’s credit outlook
May 31, 2006 (LBO) – Hatton National Bank Ltd, the island’s fourth largest lender in terms of assets, got its credit profile upgraded to ‘A+(lka)’ by Fitch Ratings Lanka. With a positive outlook, the upgrade also elevates HNBs subordinated debt to ‘A (lka)’ from ‘A-(lka)’, the rating agency said Wednesday. Fitch gave HNB good marks […]
Sri Lanka’s inflation rate climbs to 13.2% in May
May 31, 2006 (LBO) – Sri Lanka’s inflation rate for May rose as short supplies of consumer eatables like cream cracker biscuits, rice, bread, red onions, milk tea, fresh milk and dried chillies pushed prices up, the Census & Statistics Dept. said Wednesday. On a point-to-point basis inflation for May rose 13.2 percent over 9.2 […]
Bond yields rise, on rising inflation; tourism stocks drag Colombo bourse down
May 31, 2006 (LBO) – Stocks in Sri Lanka weakened as investors shied away from tourism related firms fearing a European wide ban on Tamil Tiger rebels and continuing violence would deter tourists from visiting the island, brokers said. Overall sentiment remained weak as investors were rattled over a two-hour artillery exchange between the rebels […]
‘s credit outlook
May 31, 2006 (LBO) – Hatton National Bank Ltd, the island’s fourth largest lender in terms of assets, got its credit profile upgraded to ‘A+(lka)’ by Fitch Ratings Lanka. With a positive outlook, the upgrade also elevates HNBs subordinated debt to ‘A (lka)’ from ‘A-(lka)’, the rating agency said Wednesday. Fitch gave HNB good marks […]
Work Anyone?
May 31, 2006 (LBO) – Sri Lankans make model workers, a local study shows, with most happy in their jobs, with their pay and are content to stay there. Their grouse, if at all, is sick leave. But though employees were happy with their pay, other benefits did not go down well, sick leave and […]
Muralitharan told to carry on
NOTTINGHAM, May 31, 2006 (AFP) – Muttiah Muralitharan has been told to keep his remarkable career going for as long as possible by Sri Lanka team-mate Michael Vandort. Off-spin great Muralitharan has said in the build-up to this week’s third Test that he is determined to “go out in England on a high”, suggesting that […]
EU vows more action in Sri Lanka after Tiger ban
COLOMBO, May 31, 2006 (AFP) – The European Union, which earlier in the week banned Sri Lanka’s Tamil Tiger rebels, said Wednesday it was willing to take “further measures” to push the warring parties back to the negotiating table. A declaration by the EU presidency, currently held by Austria, said the ban on Tamil Tiger […]
Artillery duels along de facto front lines in Sri Lanka
May 31, 2006 (AFP) – Heavy artillery exchanges rocked northern Sri Lanka Wednesday, a day after the government ruled out military action to resolve a long-running ethnic conflict following a European ban on Tiger rebels.More than 600 people have been killed in Sri Lanka since December despite a truce arranged and put in place by […]
Sri Lanka Tigers may move funds through Malaysia, Singapore
KUALA LUMPUR, May 31, 2006 (AFP) – Sri Lanka’s Tamil Tiger rebels are believed to be channeling funds through Malaysia and Singapore to buy weapons in the region, Sri Lanka’s foreign minister said according to a report Wednesday. Mangala Samaraweera said in an interview with the New Straits Times that he had informed his Malaysian […]
Sri Lanka press polarised over European ban on Tigers
May 31, 2006 (AFP) – Sri Lanka’s media Wednesday reacted to the European ban on Tamil Tiger rebels largely along ethnic lines, but all agreed that the proscription should not lead to renewed war.Newspapers intended mainly for the island’s majority Sinhalese community welcomed the European Union ban Monday on the Liberation Tigers of Tamil Eelam […]