Author: lbostgadmin
Mortgage Profits
Oct 11, 2103 (LBO) – Profits at Sri Lanka’s HDFC Bank rose to 108.4 million rupees in the September 2013 quarter from 9,000 rupees, a year earlier with higher interest and fee income, interim results showed. The bank reported earnings of 1.68 rupees per share for the quarter. In the nine months to September, the […]
Sri Lanka stocks take breather, rupee steady
Oct 11, 2013 (LBO) – Sri Lanka stocks ended a seven-day rally to close 0.17 percent lower Friday and the rupee gained slightly against the US dollar, brokers and dealers said. The rupee gained slightly against the US dollar trading at 131.07/10 in late trading in the spot market after opening at 131.12/13. Dealers said […]
Sri Lanka growth encouraging, forces in equilibrium: CB Governor
Oct 10, 2013 (LBO) – Sri Lanka’s central bank is encouraged by economic activity so far and the focus is shifting to the next year, Governor Nivard Cabraal said.Consumer prices rose 6.2 percent in the year to September, slowing from a month earlier and the widely watched Colombo Consumer Price Index fell absolutely during the […]
”’ target foreign miners in rising nationalism
ULAN BATOR, October 10, 2013 (AFP) – A silver swastika hanging around his neck, Boldbaatar Gombodorj points out his targets on a map of Mongolia like a World War II commander: little flags representing foreign mining firms that he and fellow “eco-Nazis” accuse of destroying their country.Mongolia’s mining boom has brought the vast, sparsely populated […]
‘s Fernando challenges FIFA over life ban
COLOMBO, October 10, 2013 (AFP) – Sri Lanka’s former football chief Manilal Fernando will challenge an “unfair and harsh” life ban imposed on him by FIFA for corruption, lawyers said Thursday.Fernando, a former member of the FIFA executive board, will appeal to the Court of Arbitration for Sport after seeing an earlier ban for eight […]
Sri Lanka power utility gets new GM
Oct 10, 2013 (LBO) – Shavindranath Fernando, head of projects at state-run Ceylon Electricity Board has been appointed its general manager, the power ministry said. S K Mohideen, had retired as general manager on October 09. Fernando had joined the CEB in 1979.
Lonely planet found floating without star
WASHINGTON, October 9, 2013 (AFP) – Astronomers said Wednesday they have found a lonely planet outside the solar system floating alone in space and not orbiting a star.Other telescopes in Hawaii showed that the planet has similar properties to those of gas giants orbiting around young stars, but PSO J318.5-22 lacks a host star. During […]
Housing Debt
Oct 10, 2013 (LBO) – RAM Ratings Lanka has rate a planned two billion rupee listed secured debt sale by HDFC Bank, a mortgage lender ‘BBB’. The bank itself is also rated ‘BBB’. RAM said the ratings are backed by majority state ownership of HDFC. The full statement is reproduced below:- RAM Ratings Lanka assigns […]
” rating confirmed: Fitch
Oct 08, 2013 (LBO) – Fitch Ratings has confirmed a ‘AAA(lka)’ rating of Sri Lanka’s Ceylon Gilt-Edged Fund managed by Ceylon Asset Management Limited. “The ‘AAA(lka)’ National Fund Credit Rating is driven by the fund’s investment in government securities and repurchase agreements backed by government securities only,” Fitch Ratings said. It was also given a […]
Sri Lanka Commonwealth meet targets US$2bn in investments: official
Oct 09, 2013 (LBO) – A business forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka is targeting about 2 billion US dollars of investment leads, an official said.Foreign minister G L Pieris said Sri Lanka was showcasing its advantages of location, free trade deals with key economies and human resources […]
Sri Lanka ex-skipper Dilshan ends Test career
COLOMBO, October 9, 2013 (AFP) – Sri Lanka’s former skipper and opening batsman Tillakaratne Dilshan is to retire from Test cricket but will remain available for shorter versions of the game, the country’s cricket board said Wednesday.Dilshan, who will be 37 on Monday, is due to hold a make a formal announcement at a press […]
‘s Bharti end joint venture
MUMBAI, October 9, 2013 (AFP) – Global retail giant Walmart and Indian firm Bharti said on Wednesday they were ending their partnership in the country’s retail sector and would now operate separate businesses.The companies said in a joint statement that they would “discontinue their franchise agreement in the retail business” in India and would “independently […]