Author: lbostgadmin
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SANTO ANDRÉ, June 18, 2014 (AFP) – Goal-scoring machine Gerd Mueller was unkindly nicknamed ‘short, fat Mueller’ during his career, now Germany’s latest hot-shot star has been dubbed ‘El Flaco’ — the Skinny One — by Argentina legend Maradona.Thomas Mueller claimed the first hat-trick of these World Cup finals in Monday’s 4-0 drubbing of Portugal […]
Cricket: Muralitharan joins Australian coaching team
SYDNEY, June 18, 2014 (AFP) – Sri Lankan spin great Muthiah Muralitharan announced Wednesday he will join the Australian coaching team for their series against Pakistan in the United Arab Emirates.The world’s leading Test wicket taker is already working with Australia’s top spinner Nathan Lyon as part of Australia’s National Cricket Centre Spin Programme, and […]
‘s insurance regulator meets AIG over exit
June 18, 2014 (LBO) – The Insurance Board of Sri Lanka is in discussions with AIG Insurance over its planned exit from the island, Chairperson Indrani Sugathadasa said.The firm is expected to submit a report to the regulator over its policies shortly. “But before the report we are having a discussion with them because we […]
Sri Lanka may encourage smaller insurers to merge: CB Governor
June 18, 2014 (LBO) – Sri Lanka’s smaller insurers should merge to become larger players and which will give an assurance to customers that they will survive in the longer term, Central Bank Governor Nivard Cabraal said. “I would like to see bigger and more stable insurers,” Cabraal told a forum on pensions organized by […]
Smishing Alert
June 18, 2014 (LBO) – HSBC Sri Lanka has warned that there is a text message scam seeking campaign and has asked customers or non-customers not to call back and reveal their identity, passwords or account details.“HSBC would like to remind that the Bank has not sent these text messages to customers and non-customers and […]
Fund Rating
June 18, 2014 (LBO) – Fitch Ratings said an ‘A-(lka)’ national fund credit rating given to Ceylon Income Fund in Sri Lanka has been confirmed. The negative modifier in the fund’s ‘A-(lka)’ National Fund Credit Rating reflects Fitch’s view that the fund is moderately concentrated with a top-five issuer concentration of around 56% of the […]
Sri Lanka stocks close down 0.4-pct
June 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.42 percent lower with index heavy John Keells Holdings losing ground ahead of the U.S. Federal Reserve’s policy statement, brokers said. Dialog Axiata closed 10 cents lower at 10.20 rupees and Sri Lanka Telecom also closed 10 cents lower at 47.90 rupees. Sampath Bank closed 3.00 […]
Sri Lanka Treasuries yields steady
June 18, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday auction with the 12-month yield unchanged at 7.00 percent, the state debt office said.The 3-month yield eased 01 basis point to 6.53 percent and the 6-month yield eased 01 basis point to 6.71 percent. The debt office offered 10 billion rupees in […]
Sri Lanka credit will grow faster if long-term rates fall: Deputy Central Bank Governor
June 17, 2014 (LBO) – Sri Lanka credit growth will accelerate if longer term lending rates fall further, Deputy Governor Nandalal Weerasinghe said.Sri Lanka’s inflation in the past 12-months have been in the lower single digits, though inflation spiked to near 10 percent in 2012, amid steep currency depreciation. Central Bank Governor Nivard Cabraal told […]
Fresh religious nationalist violence in Sri Lanka coastal town – Update
ALUTGAMA, June 17, 2014 (AFP) – More deadly violence flared in a Sri Lankan coastal resort where Buddhist hardliners set shops and homes alight for a second night running in defiance of a curfew, police and residents said Tuesday.Amid mounting international concern at the unrest, residents of a town which has borne the brunt said […]
US condemns Sri Lanka nationalist violence
June 16, 2014 (LBO) – The United States has condemned nationalist violence that has left at least three people dead and dozens injured with Muslim house and shops burnt. The statement is reproduced below: U S. Embassy Statement on Aluthgama & Beruwela Violence The U.S. Embassy condemns the violence that has spread over the weekend […]
Cricket: Sri Lanka hold out for dramatic draw with England
LONDON, June 16, 2014 (AFP) – Sri Lanka tail-ender Nuwan Pradeep survived the final five balls of the match as the tourists clung on for a thrilling draw with England in the first Test at Lord’s on Monday. Cook, predictably, declared on England’s overnight 267 for eight after left-hander Gary Ballance had reached his maiden […]