Author: lbostgadmin
Housing Debt
Oct 21, 2013 (LBO) – Sri Lanka’s HDFC Bank, a 51 percent state-owned mortgage lender said it was offering listed yielding as much 15.5 percent a year. HDFC Bank is offering 1.0 billion rupees of debt with an option to sell another 1.0 billion rupees in case the first tranche is oversubscribed. The firm is […]
Sri Lanka stocks down 0.50-pct, rupee steady
Oct 21, 2013 (LBO) – Sri Lanka stocks closed 0.50 percent lower with heavy trading in diversified and banking stocks amidst speculative play, brokers said. The benchmark Colombo All Share Price Index closed 29.86 points lower at 5,946.65, down 0.50 percent, after peaking at an intraday high of 5,979.23, provisional data showed. The S&P SL20 […]
Sri Lanka hosts nuclear energy workshop
Oct 20, 2013 (LBO) – Sri Lanka is hosting a workshop on nuclear energy with the participation of domestic and international specialists, the island’s research and development ministry said. The workshop will create awareness on a safe, long term, nuclear energy program, the ministry said. International participants from Bangladesh, Belarus, Egypt, Indonesia, Jordan, Malaysia, Peru […]
” fears
COLOMBO, October 20, 2013 (AFP) – The Maldives embraced multi-party democracy in 2008 hoping to emerge a modern nation. Five years on, there are fears the honeymoon islands are becoming a “banana republic” ready to implode. The political crisis came to a head Saturday when police blocked elections designed to restore stability after the first […]
Maldives ex-leader demands fresh vote under caretaker
MALÉ, October 20, 2013 (AFP) – Maldivian opposition leader Mohamed Nasheed Sunday demanded fresh elections under a caretaker president, a day after police forced the postponement of a vote he was expected to win.Nasheed, a former president, told reporters in the capital island Male that the outgoing President Mohamed Waheed should step down immediately and […]
Sri Lanka gaming resorts to tie-up with existing casinos: ministry
Oct 20, 2013 (LBO) – Two planned gaming resorts in Sri Lanka are expected to link up with existing casinos in the city and will require no new licenses to be issued, the investment promotion ministry has said.Australia’s Crown group and Sri Lanka’s John Keells Holdings are to build two ‘integrated resorts’ with luxury hotels, […]
Maldives vote to go ahead despite court case
MALÉ, October 19, 2013 (AFP) – Presidential elections in the Maldives will go ahead on Saturday despite an 11th-hour court challenge by two candidates aimed at delaying the poll, the elections chief announced.Outgoing president Mohamed Waheed, who replaced Nasheed but is not running in the fresh polls, has promised a smooth transition of power. He […]
Foreign Finance
Oct 19, 2013 (LBO) – Sri Lanka’s Citizens Development Business Finance, said it had got a 6 million US dollar credit line (780 million rupees) from a Belgian development finance agency.Carole Maman, financial sector director for BIO said CDB offered financial services to rural bottom-of-the-pyramic cystomers. “We appreciate the motivation and quality of CDB’s staff […]
Maldives polls in doubt: election chief
MALÉ, October 18, 2013 (AFP) – The Maldives’ electoral commission warned Friday that this weekend’s presidential polls could be scrapped at the last minute as two of the candidates have still to endorse the voting roll.Just hours before polling stations were due to open, commission chairman Fuwad Thowfeek said former president Mohamed Nasheed was the […]
India police arrest crew of US ship over arms: reports
NEW DELHI, October 18, 2013 (AFP) – Indian police Friday arrested and questioned 33 people aboard a ship operated by a US anti-piracy firm for carrying guns and ammunition in Indian waters without proper permits, reports said.India’s coastguard stopped and detained the ship off the Indian coast on October 12 after discovering the cache of […]
Skull discovery suggests 1.8mn year old evidence against nationalism
WASHINGTON, October 18, 2013 (AFP) – A stunningly well-preserved skull from 1.8 million years ago offers new evidence that early man was a single species with a vast array of different looks, researchers said Thursday.With a tiny brain about a third the size of a modern human’s, protruding brows and jutting jaws like an ape, […]
Google Gains
SAN FRANCISCO, October 18, 2013 (AFP) – Google shares surged to a record high, close to $1,000, after quarterly earnings figures showed the Internet giant’s profits are climbing despite a trend toward cheaper advertising on smartphones and tablets. The company on Thursday reported net income of $2.97 billion on revenue that rose to $14.89 billion […]