Author: lbostgadmin
Core Capital
Aug 12, 2013 (LBO) – Sri Lanka’s banks had reasonable capital buffers, higher than Vietnam and India but when adjusted for gold loans and some state exposures, core capital was lower than reported, Fitch Ratings officials said. Sri Lanka has zero risk weight for gold-backed or ‘pawning’ loans, a highly accessible tool that provide over-the-counter […]
Sri Lanka stocks close down 0.3-pct
Aug 12, 2013 (LBO) – Sri Lanka’s stocks closed down 0.35 percent Monday following long week-end with losses in the large cap stocks, brokers said. Ceylon Tobacco Company closed at 1,201.00 down 1.00 rupee and Distilleries Sri Lanka closed at 194.00 down 0.90 rupees. The benchmark Colombo All Share Index closed 21.68 points lower at […]
‘s Nawaloka Hospitals to sell Rs1.5bn in debt
Aug 12, 2013 (LBO) – Sri Lanka’s Nawaloka Hospitals Plc will sell 1.5 billion rupees in unsecured listed debt RAM Ratings Lanka said, giving them an ‘A’ rating.RAM Ratings Lanka assigns A rating to Nawaloka Hospital PLC’s proposed Listed, Rated, Unsecured and Redeemable debentures (2013/2023) RAM Ratings Lanka has assigned a long-term issue rating of […]
New Zealand dismisses Sri Lanka Fonterra milk scare
WELLINGTON, August 12, 2013 (AFP) – New Zealand on Monday rejected allegations from Sri Lanka that its dairy products were contaminated with a farm chemical, accusing industry rivals of exploiting fears stirred by a recent botulism scare.While no infants fell ill after consuming tainted product, the scandal hurt Fonterra’s brand in the massive China baby […]
Sri Lanka lifts curfew as Muslims fear more violence
COLOMBO, August 11, 2013 (AFP) – Sri Lankan police lifted a curfew on a Colombo neighbourhood Sunday after a Buddhist-led mob attack on a mosque raised religious tensions and left the Muslim minority fearing further violence.Hundreds of police, including anti-riot squads and elite Special Task Force commandos, remained on alert in the Grandpass district following […]
Curfew in Colombo as tensions rise after mosque attack
August 11, 2013 (AFP) – Sri Lankan police clamped a fresh curfew on a Colombo neighbourhood Sunday, a day after a Buddhist-led mob vandalised a mosque in an incident that raised religious tensions and sparked US concern.All four people injured in the attack, including two police constables guarding the mosque, remained in hospital Sunday. Residents […]
Settlement Plan
SAN FRANCISCO, August 11, 2013 (AFP) – Online financial transactions titan PayPal says it is keen to collaborate with others as it strives for a cash-free future.“We are all about working with developers to let them take advantage of the heavy lifting we’ve done when it comes to moving money around the world,” Hill Ferguson, […]
‘s HNB deep discount bond sale to open Aug 23
Aug 11, 2013 (LBO) – The sale of up to three billion rupees in deep discount bonds by Sri Lanka’s Hatton National Bank will open on Aug 23.Fitch Ratings had give the proposed bond an expected rating of ‘AA-‘ same as HNB’s long term rating. The bank is offering 20 million debentures at 100 rupees […]
Assault on mosque revives Sri Lanka religious tensions
COLOMBO, August 10, 2013 (AFP) – Sri Lankan police deployed commandos and imposed a curfew on a Colombo neighbourhood Saturday after a Buddhist-led mob attacked a mosque, wounding four people and reviving simmering religious tensions, officials said. Police sources said elite Special Task Force commandos were deployed to help maintain law and order following mob […]
Brazil to privatize two airports in late October
BRASÃLIA, August 9, 2013 (AFP) – An auction to privatize airports in Rio and Belo Horizonte, two host cities for the 2014 World Cup, will be held on October 31, Brazilian authorities said Friday. Presidential chief of staff Gleisi Hoffmann announced the date for the auction to sell concessions to run Rio’s Galeao airport and […]
First Indian nuclear submarine set for open sea trials
NEW DELHI, August 10, 2013 (AFP) – India announced Saturday that its first indigenously-built nuclear submarine is ready for sea trials, a step before it becomes fully operational, and called it a “giant stride” for the nation.It will ply the seas alongside the former Russian aircraft carrier “Admiral Gorshkov”, now the “INS Vikramaditya”, due to […]
Probe Call
WASHINGTON, August 9, 2013 (AFP) – The United States on Friday urged Sri Lanka to investigate a deadly army crackdown on a village environmental protest and to prosecute those responsible.The military on August 1 opened fire on thousands of unarmed villagers at Weliweriya near Colombo as they protested contamination of their ground water, allegedly due […]