Author: lbostgadmin
Sri Lanka stocks close 0.5-pct higher, rupee steady
Oct 08, 2013 (LBO) – Sri Lanka stocks closed up 0.51 percent on continued investor interest in tobacco stocks and speculative trading and the rupee fell slightly on importer demand, brokers and dealers said. The rupee fell slightly to 131.20/23 against the US dollar in late trading the spot market on importer demand, dealers said. […]
Sri Lanka mortgage lender to sell Rs2bn in debt
Oct 08, 2013 (LBO) – Sri Lanka’s HDFC Bank, a mortgage lender is planning to sell 2.0 billion rupees in secured debt. Fitch has rated the lender ‘BBB(lka)’ rating with a stable outlook. The Colombo Stock Exchange said it had approved the sale of 10 million 100 rupee debentures with an option to sell another […]
‘s new PM to head to Commonwealth despite boycott call
NUSA DUA, October 7, 2013 (AFP) – Australia’s new prime minister said Monday he would attend a Commonwealth summit next month despite calls for a boycott over the human rights record of host Sri Lanka.The Gambian government announced last week that the former British colony was pulling out of the Commonwealth with immediate effect, saying […]
Sri Lankan Airlines leases three A350-900s
Oct 09, 2013 (LBO) – State-run SriLankan Airlines said it had leased three Airbus A350-900 aircraft from US-based International Lease Finance Corporation (ILFC), as part of a re-fleeting program where another four will be bought directly from the manufacturer. “…[W]e believe that this new generation, fuel-efficient aircraft will play a leading role in the airline’s […]
Television channel set on fire amid Maldives crisis
COLOMBO, October 7, 2013 (AFP) – Unidentified attackers set fire to the main pro-opposition television network in the Maldives on Monday ahead of a crucial court ruling on whether suspended presidential elections should go ahead, officials said.At least six men stormed the offices of the Raajje television network in a pre-dawn attack and set fire […]
Babel
Oct 07, 2013 (LBO) – Sri Lanka’s Sinhala speakers would soon be able to use Google translate, a tool that allows readers to translation languages into one another, an official said.“The development is being done as we speak,” Rohan Jayaweera, country consultant for US-based Google Inc told an LBR-LBO Summit forum. “I am sitting in […]
Marketing Award
Oct 07, 2013 (LBO) – Indunil Liyanage, chief marketing officer of state-run Bank of Ceylon has been named among the ’50 most talented CMOs’ at Golden Globe Tiger Awards 2013 in Malaysia.The awards were held at the World Marketing Summit in Kuala Lumpur on September 30, an event associated with Philip Kotler, distinguished Professor of […]
Steady State
Oct 07, 2013 (LBO) – Fitch Ratings said it had confirmed an ‘AA-(lka)’ rating of Sri Lanka’s Sampath Bank (SB) with a stable outlook.“Fitch believes that SB’s asset quality may weaken in 2013, in line with its expectation for the sector, but would continue to compare well against most ‘AA(lka)’ category-rated private bank peers,” the […]
Sri Lanka stock close 0.5-pct higher, rupee steady
Oct 07, 2013 (LBO) – Sri Lanka stocks closed 0.50 percent higher on continued investor interest in tobacco and diversified stocks, and the rupee was steady against the dollar, brokers and dealers said. Currency dealers said volumes were thin in the foreign exchange market with demand for US dollars matching supply. The rupee traded at […]
Rating Report
Oct 05, 2013 (LBO) – Fitch Ratings has confirmed an ‘A-(lka)’ rating by Seylan Bank Plc, with a ‘stable’ outlook.An upgrade of Seylan’s rating would be contingent upon its standalone rating moving above the support-driven rating, by way of significant and sustained improvement in asset quality and provisioning while maintaining other credit metrics in line […]
Sri Lanka urban price index up 9.7-pct in September
Oct 04, 2013 (LBO) – Consumer prices in Sri Lanka’s urban centres rose 9.7 percent in the 12-month to September slowing from 9.9 percent in August, an index compiled by private citizens showed. The CAL Urban Price Index, compiled by CAL Research, a Colombo based equity research house, fell 1.8 percent in the month with […]
Sri Lanka future ready enterprise summit kicks off
Oct 04, 2013 (LBO) – A high level conference on building ‘future ready enterprises’ kicked off in Colombo where over 40 resource persons from Sri Lanka and the region are sharing their knowledge and debate issues.Readers of LBO can participate live by at this link. http://www. “The areas of discussion are not what one commonly […]