Author: lbostgadmin
Standard Rating
Aug 29, 2008 (LBO) – Sri Lanka’s Standard Chartered Bank (SCBSL) branch has been given a AAA(lka) rating with a ‘stable’ outlook, Fitch Ratings said. Fitch said the rating reflected the financial strength of Standard Chartered A+ international rating which is higher than the B+ sovereign foreign currency rating of Sri Lanka. Fitch said the […]
‘t print money for wars or subsidies
Aug 29, 2008 (LBO) – A central bank should not relax monetary policy (print more money) to increase employment, or finance wars and subsidies, because inflation, which is worse than terrorism, would be the result, a top Sri Lankan economist said. Economic analysts have pointed out that inflation and foreign exchange shortages became a problem […]
Sri Lanka August inflation falls to 24.9-pct
Aug 29, 2008 (LBO) – Consumer prices increases in the Sri Lankan capital Colombo fell to 24.9 percent in the 12-months to August from 26.6 percent in July, government statistics showed.Sri Lanka’s Central Bank has kept monetary policy tight from the beginning of the year under a strict reserve money targeting regime, which was further […]
‘s wildlife jewel
MAASAI MARA, August 29, 2008 (AFP) – Investors and conservationists have dreamt up an innovative business plan to save Kenya’s iconic Maasai Mara, a wildlife haven threatened by over-grazing, farming and mass tourism. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Around August each year, swarms of […]
Indian economic growth slows to 7.9 pct: official data
NEW DELHI, August 29, 2008 (AFP) – India’s high-flying economy expanded by a slower-than-expected 7.9 percent in the first quarter as stiff anti-inflation measures hit demand, official data showed Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The figure for the three months to June was […]
Sri Lanka aviation expert slams govt international airport plan
Aug 29, 2008 (LBO) – Sri Lanka risks losing a race with south Indian airports to become an aviation hub in south Asia owing to misguided plans by politicians to build a second international airport, an aviation expert has warned. As this requires that the largest aircraft should be able to land, a runway 4,000 […]
Exter Oration
Aug 29, 2008 (LBO) – John Exter, the founding Governor of the Central Bank of Ceylon (as the Bank was called at that time) was indeed a unique history maker on many counts . John Exter had an illustrious academic as well as a professional career. He graduated from Wooster College and entered both Fletcher […]
Dealer Rating
Aug 28, 2008 (LBO) – Fitch Sri Lanka said it had downgraded the national long term rating of First Capital Treasuries, a primary dealer in government securities, to ‘A- (lka)’ from ‘A(lka)’ and also withdrawn the rating at the request of the company. “FCT was the only independent primary dealer to have carried a rating […]
Port Move
Aug 29, 2008 (LBO) – The chairman of the Sri Lanka Ports Authority (SLPA) Saliya Wickramasuriya said he will be resigning from his post for personal reasons at the end of this month. It was not immediately clear who his successor would be.Wickramasuriya said ports and aviation minister Chamal Rajapaksa had accepted his letter of […]
Sri Lanka shares sag, profit taking on property stocks
Aug 29, 2008 (LBO) – Sri Lankan shares ended weaker Friday with the indices pulled down by losses in heavyweight telecom counters and profit taking seen in property stocks that rose on speculation, brokers said. Several stocks in the land and property sector had been heavily traded in recent days with their prices swinging sharply. […]
New media army descends on convention
DENVER, August 27, 2008 (AFP) – A new media army has descended on the Democratic convention in Colorado this week, boldly claiming to offer a fresh perspective on US politics distinct from the mainstream media. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 For the first time […]
‘s India
August 27, 2008 (AFP) – India survived Sanath Jayasuriya’s explosive half-century to clinch the series against Sri Lanka with a 46-run victory in the fourth one-day international here on Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India restricted the hosts to 212 under lights after […]