Author: lbostgadmin
Sri Lanka Treasuries yields fall
May 12, 2010 (LBO) – Sri Lanka Treasuries yields fell at Wednesday’s auction though not all maturing bills were sold to real buyers, the government’s debt office, which is a unit of the Central Bank said. The 3-month yield fell to 06 basis points to 8.18 percent, the 6-month yield fell 09 basis points to […]
‘s big spenders on the backfoot after trillion dollar rescue
BRUSSELS, May 10, 2010 (AFP) – Europe and the IMF gave a major boost to world markets Monday with a trillion-dollar war chest to ease fears of a new recession, but governments faced pressure to clean up their fiscal houses. Some 440 billion euros would come from eurozone nations and 60 billion euros from the […]
Sri Lanka Insurance Corporation rating raised to AAA by RAM
May 11, 2010 (LBO) – RAM Ratings Lanka has upgraded Sri Lanka Insurance Corporation’s claims-paying ability rating, from AA- to AAA, with the outlook on the long-term rating revised from positive to stable, a statement said. Sri Lanka Insurance Corporation’s (SLIC’s) rating had been placed on a positive outlook in June 2009, after it came […]
‘s waste disposal failures
NEW DELHI, May 11, 2010 (AFP) – The death from radiation poisoning of a scrapyard worker in New Delhi has highlighted the lax enforcement of waste disposal laws in India, leading to calls for urgent action. In early April, a machine from Delhi University containing cobalt-60, a radioactive metal used for radiotherapy in hospitals, ended […]
Bootleg Programmes
SINGAPORE, May 11, 2010 (AFP) – Software piracy cost technology companies more than 50 billion dollars around the world last year, with Asia accounting for the largest share of losses, an industry report said Tuesday. Despite successes in the fight to protect intellectual property rights, on average 43 percent of software used in computers worldwide […]
Loan Growth
May 11, 2010 (LBO ) – Sri Lanka’s PABC Bank’s net profit for the March 2010 quarter fell 27 percent to 67.5 million rupees from a year earlier, on weaker fee income despite maintaining margins and loan growth while rates fell, interim accounts showed. PABC’s gross assets grew to 22.1 billion rupees from 21.5 billion […]
Keel Laying
May 11, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, has laid the keel for the construction of an Anchor Handling Tug Supply Vessel for the Pacific island state of Samoa, a statement said. The yard, which is majority owned by Japan’s Onomichi Dockyard, said the tug was the first of two […]
Sri Lanka shares becalmed
May 11, 2010 (LBO) – Sri Lankan stocks closed flat Tuesday with the market around all-time high levels and investors searching for shares with low prices compared with earnings, brokers said. The All Share Price Index closed at 4,215. 22, down 0.16 percent (6.82 points) while the more liquid Milanka index rose 0.02 percent (0.83 […]
Sri Lanka pension fund earns real returns
May 10, 2010 (LBO) – Sri Lanka’s main pension fund of private citizens earned a large real return as the Central Bank brought inflation down in 2009, though the national debt expanded as the state could not inflate away debt and impoverish pensioners. In the 2009 annual report the Central Bank said the government should […]
Sri Lanka exports up on commodity boom; imports recover
May 10, 2010 (LBO) – Sri Lanka’s exports grew 20 percent 629 million US dollars in February 2010 on the back of booming agricultural commodities while apparel, the country’s main industrial export, contracted 9.7 percent to 248.6, official data showed. The Central Bank said apparel exports however had improved from January. Earnings from tea grew […]
White the hero as Australia crush Sri Lanka
BRIDGETOWN, May 9, 2010 (AFP) – Australia followed up a rescue act from Cameron White with a polished performance in the field during a thumping 81-run victory over Sri Lanka in the World Twenty20 on Sunday. Chasing 169 for victory, Sri Lanka were dismissed for 87 as Australia won with more than three overs to […]
Emirates to launch services to Iraq
May 10, 2010 (LBO) – Emirates will launch flights to the Iraqi capital Baghdad from July 1, 2010, the last remaining Middle Eastern destination to be frequented by the airline, a statement said. Baghdad will be Emirates’ 103rd international destination and one of six new destinations to be launched by the airline this year including, […]