Author: lbostgadmin
SriLankan Airlines govt guaranteed debt draw US$3bn in orders
June 30, 2014 (LBO) – A 175 million US dollar debt offer by state-run SriLankan Airlines drew orders worth 3.0 billion US dollars from 85 parties, the carrier and book runner Standard Chartered Bank said. Sri Lankan Chief Executive Kapila Chandrasena said international investors had shown interest in the airline and it showed the confidence […]
France first in New Delhi as West courts Modi
NEW DELHI, June 30, 2014 (AFP) – France Monday became the first Western power to hold talks in India with the government of Prime Minister Narendra Modi as Foreign Minister Laurent Fabius arrived to push defence deals and trade.The reform-minded Modi has been widely courted by Western governments since his election in May, with his […]
Credit Trend
June 30, 2014 (LBO) – Sri Lanka’s credit to private business from commercial banks fell 15.7 billion rupees in April 2014, while credit to government also fell, official data showed, as inflation remained low and the exchange rate was strong. Credit to state enterprises edged up to 331.1 billion rupees in April from 330.0 billion […]
New Bank
Starting Up June 30, 2014 (LBO) – Cargills Bank Plc, Sri Lanka’s newest commercial bank promoted by listed Cargills (Ceylon) Plc and CT Holdings opened for business Monday. The bank was issued a provisional license shortly before the Central Bank started a process to consolidate the banking sector. Central Bank Governor Nivard Cabraal said as […]
Sri Lanka shares close up 0.2-pct
June 30, 2014 (LBO) – Sri Lanka’s shares closed 0.24 percent higher on Monday boosting turnover to a six-week high amid strong foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 15.13 points higher at 6,378.62, up 0.24 percent. The S&P SL20 closed 13.58 points higher at 3,534.43, up 0.39 percent. Turnover […]
Sri Lanka inflation to be 2.8-pct in June 2014: Treasury Secretary
June 29, 2014 (LBO) – Sri Lanka’s inflation would be 2.8 percent in June and the country now had strong economic growth and a stable exchange rate, Treasury Secretary P B Jayasundera said.Sri Lanka is recovering from a balance of payments crisis triggered in 2011 after the state manipulated energy prices with bank loans which […]
Australian activists say asylum-seeker boat in trouble
SYDNEY, June 28, 2014 (AFP) – Refugee campaigners said Saturday that a boat carrying 153 asylum-seekers was in trouble off a remote Australian island, but the government said there were no significant incidents at sea to report.The 72-foot (22-metre) boat carrying mostly Tamil asylum-seekers, including women and children, left India two weeks ago and was […]
Nationalist Looters
COLOMBO, June 28, 2014 (AFP) – Sri Lanka’s police arrested key suspects involved in fuelling religious riots and looting, an official said Saturday as minority Muslims expressed fears of more unrest ahead of Ramadan.Muslims as well as a majority of moderate Buddhists have pressed for action against the Buddhist Force, or BBS, which is seen […]
Freight Charge
June 28, 2014 (LBO) – A Sri Lanka government regulation against a controversial fee charged from shippers who had not contracted for freight in Asian and African countries was being studied by other affected countries, an official said.Sri Lanka Shippers’ Council, representing the country’s exporters and importers had long protested a so-called terminal handling fee […]
Sri Lanka finds better alternative to Iranian crude: minister
June 27, 2014 (LBO) – Sri Lanka has found a better alternative to Iranian oil to feed its ageing refinery which was not able to get high yield of light distillates from processing other types of crude, Petroleum Minister Anura Yapa said.Yapa denied that Sri Lanka has imported Iranian crude through third parties, though reports […]
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June 27, 2014 (LBO) – Sri Lanka’s Ceylon Chamber Chamber of Commerce said incumbent chairman Suresh Shah who was re-elected had called on private business to build peace and harmony.His call comes in the wake of rising nationalism in the country and recent mob attacks on minorities that left three people dead. “I call upon […]
Sri Lanka support military, education services in Maldives
June 27, 2014 (LBO) – Sri Lanka has offered to train soldiers, teachers and provide scholarships for students and had talks on building coast guard boats for Maldives following a visit by President Mahinda Rajapaksa to the country.The president’s media office said Defence and National Security Minister of Maldives Mohamed Nazim had requested Sri Lanka […]