Author: lbostgadmin
Fitch Ratings downgrades State Mortgage & Investment Bank
Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability to maintain market share, Fitch said Thursday. Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability […]
Tamils step up pressure on Sri Lanka troops to quit
Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after the US warned them against returning to war.Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after […]
‘s Ceylinco Leasing goes for debt and IPO
Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday.Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday. An initial public offering is on […]
Sri Lankan president seeks consensus on talks with Tigers
Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the latest wave of bloodshed, his office said Tuesday.Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the […]
‘s Tigers
The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]
Going Soft
Fixed-line giant Sri Lanka Telecom (SLT) is tipped to shift part of this year’s Rs.7 billion capital spending budget to upgrade its international gateway, senior SLT officials said.. Fixed-line giant Sri Lanka Telecom (SLT) is tipped to shift part of this year’s Rs. 7 billion capital spending budget to upgrade its international gateway, senior SLT […]
Fringe Benefits
Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. “The migrant pension scheme will be finalised in three months time,” said Chairman, Foreign Employment Bureau, Jagath Wellawatta in an interview […]
Sri Lanka vows tough line on terror as violence rises
Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three more deaths in the embattled east.Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three […]
Easy Load
Telecom operator Suntel, has launched a broadband internet card aimed at laptop users who opt for high bandwidth connectivity, the firm said Monday. Telecom operator Suntel, has launched a broadband internet card aimed at laptop users who opt for high bandwidth connectivity, the firm said Monday. The private wireless local loop operator is using CDMA […]
Quick Solutions
Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of Mannar on perpetual lease to put an end to the problem of Sri Lankan Navy attacking Indian fishermen.Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of […]
‘s Central Bank Governor denies resignation rumours
Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. The report claimed that Governor Sunil Mendis, who is […]