Author: lbostgadmin
Arundhati Roy warns of ultra-nationalism in Hazare
NEW DELHI, August 22, 2011 (AFP) – Indian Booker prize-winning author Arundhati Roy launched a scathing attack Monday on the “aggressive nationalism” behind the anti-corruption drive led by hunger-striking campaigner Anna Hazare. In a column entitled “I’d rather not be Anna” published in The Hindu newspaper, the novelist, essayist and rights activist condemned both the […]
Sri Lanka Hilton reveals Rs10.3bn accumulated losses
Aug 22, 2011 (LBO) – Sri Lanka’s Colombo Hilton hotel has filed its first accounts in about 20 years, revealing a loss of 1. 2 billion rupees in 2010 and accumulated losses of 10.3 billion rupees and auditors expressing a qualified opinion. Hotel Developers (Lanka) which owns Hilton Colombo Hotel said the loss in the […]
High Rating
Aug 22, 2011 (LBO ) – Sri Lanka’s Commercial Bank of Ceylon has been rated ‘AA+’ by Ram Rating Lanka with a stable outlook, which the rating agency said was systemically important as the country’s largest private lender. “The ratings also reflect its strong franchise, healthy financial performance, funding, liquidity and capitalisation levels, as well […]
Debt Rating
Aug 22, 2011 (LBO) – Fitch Ratings Lanka has assigned Hatton National Bank’s (HNB) proposed subordinated debentures of up to 2.0 billion rupees a national long-term rating of ‘A+(lka)’. The issue is rated one notch below HNB’s national long-term rating reflecting its debt-like features, a statement said. The proposed debentures, to be listed on the […]
Sri Lanka stocks down 0.3-pct
Aug 22, 2011 (LBO) – Sri Lankan share prices closed lower Monday, following Friday’s losses, with trading largely in speculative stocks on which some profit-taking was seen, brokers said. The main All Share Price Index closed at 6,928.03, down 0.34 percent (23.61 points) while the more liquid Milanka index fell 0.66 percent (42.06 points) to […]
Sri Lanka land sales should be transparent: lawmaker
Aug 20, 2011 (LBO) – Sri Lanka’s state land sales to private developers must be transparent and all available land must be listed online to boost investor confidence, instead being sold through unsolicited deals, a lawmaker has said. Sri Lanka main opposition United National Party member Harsha de Silva says such deals will harm overall […]
Australia win Sri Lanka one-day series
August 20, 2011 (AFP) – Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Marsh, playing his first match of the series, hit one six and 11 fours in his impressive […]
Sri Lanka state carrier may acquire six Boeing-777s
Aug 20, 2011 (LBO) – State-run Sri Lankan Airlines will boost its fleet to 28 aircraft over the next four years, which may also include up to six Boeing 777 long haul jets, officials said, as tourist arrivals soar after the end of a civil war. SriLankan Airline aircrew is now trained for Airbus aircraft. […]
”’ PM damaged by arrest of activist
NEW DELHI, August 20, 2011 (AFP) – There is no small irony in the fact that India’s Prime Minister Manmohan Singh, known for his probity and integrity, now finds himself fighting for political survival with an anti-corruption activist. When the Congress party won elections in 2004, its decision to name Singh as premier was partly […]
Foreign Killing
August 19, 2011 (AFP) – Sri Lanka’s High Court Friday handed five Chinese nationals the death penalty for murdering a compatriot at a restaurant near the capital over eight years ago, a court official said. A Chinese woman and two Chinese men were in court Friday to hear the sentence while judges issued a warrant […]
Arrest
August 20, 2011 (AFP) – Sri Lankan police on Saturday arrested a top Buddhist monk on a charge of having sex with a 12-year-old girl in violation of strict child protection laws, police said. The 60-year-old monk was accused of abusing the child over a period of one year at his temple in the north-central […]
Sri Lanka targets deficit of 6.2-pct in 2012
Aug 19, 2011 (LBO) – Sri Lanka will budget for a deficit of 6. 2 percent of gross domestic product in 2011 down from a planned gap of 6.8 percent in 2010, information minister Keheliya Rambukwelle said. The government will keep state investments at 6. 0 percent of GDP. The state is planning to bring […]