Author: lbostgadmin
Sri Lanka stocks end up 0.5-pct
Sept 30, 2011 (LBO) – Sri Lankan stocks closed firmer Friday for the second day running in speculative trade and price curbs being imposed on Singer Industries (Ceylon) after it rose sharply, brokers said. There was a sole crossing or off-market private deal of 800,000 shares of Lanka Orix Leasing Company at 99 rupees each. […]
Maldives and Sri Lanka police bust bank card fraud: report
Sept 30, 2011 (LBO) – Police in Maldives and Sri Lanka have arrested five in an international fraud involving forged cash and credit cards related banks in New Zealand, Canada, Australia, China and France, a media report said. Minivan News, a Maldives based online news service quoting police inspector Mohamed Riyaz said two Maldivian nationals […]
Sri Lanka bonds unmoved by lower inflation
Sept 30, 2011 (LBO) – Sri Lanka’s bond markets closed unchanged despite 12-month inflation falling to 6.4 percent from 7.0 percent a month earlier, as liquidity tightened amid defence of a dollar peg, dealers said. A widely traded bond maturing in 2015 was quoted at 8.69/72 percent Friday and 2016s were quoted at 8.80/84 percent, […]
”: New York mayor
NEW YORK, September 28, 2011 (AFP) – Visa policies that keep skilled workers from settling in the United States amount to “national suicide,” New York Mayor Michael Bloomberg said Wednesday. “These businesses will hire American workers, and immigrants are more than twice as likely as those born in America to start a new company,” he […]
Sri Lanka to close prisons for commercial development
Sept 29, 2011 (LBO) – Sri Lanka will shift several prisons in prime city centres including the capital Colombo to make way for commercial development, minister Keheliya Rambukwelle said. Matara and Galle prisons will be shifted to Pitabeddara in the Matara district. The cabinet of ministers had approved a proposal by the prison reforms ministry […]
Sri Lanka had BOP surplus by end July: Central Bank
Sept 29, 2011 (LBO) – Sri Lanka had recorded a balance of payments surplus of 1,006 million US dollars by July 2011, with official foreign reserves climbing to 8,099 million US dollars, the Central Bank said. Foreign inflows to the state, including a billion dollar sovereign bond was 2,754 million US dollars and foreign direct […]
Sri Lanka detains asylum seekers expelled by Britain
September 29, 2011 (AFP) – Sri Lanka’s police detained 50 failed asylum seekers flown back to the country Thursday after being expelled from Britain, police said. Eight women and 42 men — mostly ethnic minority Tamils– were deported by Britain’s Border Agency, which chartered an aircraft to return them home after they failed in a […]
SriLankan Airlines plane detained in Paris
Sept 29, 2011 (LBO) – A SriLankan Airlines aircraft was detained at Charles De Gaulle Airport in Paris last Friday after it failed to meet European safety standards, an airline statement said. “Arrangements were also made to assist all passengers to continue their onward journeys on other airlines without much delay,” the airline said. Passengers […]
Japan tsunami was wake-up call for S. Asia: expert
SEOUL, September 29, 2011 (AFP) – Japan’s March tsunami was a wake-up call for Indian Ocean nations still restoring their coastlines after a massive wave struck in December 2004, an expert said Thursday. “This year’s tsunami heightened awareness among all MFF countries that they are still vulnerable,” said Donald Macintosh, senior adviser to a group […]
Sri Lanka waters among most dangerous for sea turtles: study
MANILA, September 29, 2011 (AFP) – The waters around India, Bangladesh and Sri Lanka are home to the world’s most endangered sea turtles, according to a study released Thursday aimed at setting a blueprint for global conservation. While it was well known that almost all sea turtle species face extinction, the study by 30 scientists […]
Parental Support
Sept 29, 2011 (LBO) – Fitch Ratings Lanka has confirmed DFCC Vardhana Bank Limited’s (DVB) National Long-Term Rating at ‘AA-(lka)’ with a stable outlook. The rating agency has also confirmed the bank’s subordinated debentures at ‘A+(lka)’. “The ratings reflect Fitch’s expectation that support would be forthcoming from its parent, DFCC Bank, should it be required,” […]
Capital Base
Sept 29, 2011 (LBO) – Fitch Ratings Lanka has confirmed DFCC Bank’s (DFCC) National Long-Term Rating at ‘AA(lka)’ with a stable outlook. The rating agency has also confirmed DFCC’s senior debentures at ‘AA(lka)’ and subordinated debentures at ‘AA-(lka)’, a statement said. “The ratings are driven by DFCC’s strong capitalisation, supported by its sustained solid profitability […]