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Long term debentures of Sri Lanka’s HNB earn A- domestic rating from Fitch
Mar. 30 (LBO) – Sri Lanka’s Hatton National Bank’s Rs1.22 billion debenture issue, which closes Friday has been privately placed mostly among institutions, with longer tenures running up to 18 years being snapped up by insurance firms, an official said. Fitch Ratings Lanka Thursday assigned a rating of A- (sri) and a stable outlook, for […]
‘s HNB earn A- domestic rating from Fitch
Mar. 30 (LBO) – Sri Lanka’s Hatton National Bank’s Rs1.22 billion debenture issue, which closes Friday has been privately placed mostly among institutions, with longer tenures running up to 18 years being snapped up by insurance firms, an official said. Fitch Ratings Lanka Thursday assigned a rating of A- (sri) and a stable outlook, for […]
Costly Plastic
Mar. 30 (LBO) – Sri Lanka’s treasury secretary P B Jayasundara has asked the two state banks to step up credit card sales to public servants, following hefty salary increments this year. Under a recent government circular, those working in low and middle level jobs got a 25 percent pay hike, while medical services got […]
Buying Time
Mar. 30 (LBO) – Sri Lanka’s Commercial Bank of Ceylon Thursday put off its annual and extraordinary general meetings till next week, as shareholder attendance fell short of the required quorum. The lack of a quorum is due to a court order which restricted the voting powers of some of Commercial Bank’s key shareholders including […]
Rubber, tea prices boost Kelani Valley sales
Mar. 30 (LBO) – Kelani Valley Plantations Ltd and its subsidiary companies have reported healthy increase in turnover for the financial year ended December 31, 2005 on the back of strong growth in tea and rubber production.In its annual report for 2005 the company reported a 10 per cent increase in turnover to Rs 1.918 […]
Neat Fit
Mar. 30 (LBO) – The open source middleware start up WSO2 said Thursday that its WSO2 Tungsten product is fully interoperable with Microsoft’s upcoming Vista operating system. WSO2 is an open source company, which has offices in Boston, USA and a development centre in Sri Lanka. “Our efforts are proving that open source middleware technologies […]
Low turnout in Sri Lanka local polls
Mar. 30 (AFP) – A low turnout marred municipal elections in Sri Lanka Thursday after a campaign which unexpectedly focused on local issues instead of the usual electoral favourite, the island’s divisive peace process.Election officials estimated that only about half the 10.1 million eligible voters turned out to cast their ballots to elect municipal, urban […]
Sri Lanka peace bid side-lined in local vote
Mar.30 (AFP) – Sri Lanka Thursday voted at local elections after a lack-lustre campaign where even the usually divisive peace process was pushed to the background, officials and analysts said. Voting was slow across the country, elections officials said adding, however, that there was no balloting in the island’s restive northern and eastern regions where […]
Sri Lanka rights body facing collapse, watchdog warns
Mar.30 (AFP) – Sri Lanka’s independent human rights watchdog may collapse as the government has failed to replace the outgoing panel of commissioners, the Asian Human Rights Commission said Thursday. The Hong Kong-based AHRC said Sri Lanka’s Human Rights Commission will be without commissioners from April 3 because the island’s Constitutional Council, which is empowered […]
Sri Lanka votes in local poll
Mar.30 (AFP) – Sri Lankans were voting Thursday to elect local government bodies, but there was no balloting in the island’s embattled northern and eastern regions, officials said. Some 10.1 million people are eligible to vote for municipal and urban councils as well as village councils responsible for the maintenance of utilities, but electoral officials […]