Author: lbostgadmin
UN rights council launches Sri Lanka war crimes probe
GENEVA, March 27, 2014 (AFP) – The UN Human Rights Council on Thursday launched an inquiry into alleged war crimes in Sri Lanka, despite Colombo’s fierce efforts to block an investigation.But they question the credibility of his efforts to come clean on the past and to stem what they say are ongoing rights violations. “The […]
Cable Centre
Mar 27, 2014 (LBO) – Sri Lanka Telecom said it is forming a venture with Indian Ocean Cableship (Pvt) Ltd, a Singapore based firm, to set up an undersea cable maintenance base at Hambantota port in the island’s south.The SEA-ME-WE-05 cable, the latest in a series of cables running from South East Asia to Europe […]
Higher Learning
Mar 27, 2014 (LBO) – Indunil Liyanage, Chief Marketing Officer of state-run Bank of Ceylon has conferred a Doctor of Philosophy (PhD) by Colombo University.His doctoral thesis, on ‘Role Stressors and the Impact of Coping styles on Perceived Job Performance’ was based on 5-years of research. Liyanage already holds a Masters degree in management from […]
Top Rating
Mar 27, 2014 (LBO) – Fitch Ratings has confirmed an ‘AAA(lka)’ rating of HSBC’s Sri Lanka branch with a stable outlook. HSBC has seen loans growing 6.1 percent in the nine months to September 2013. Large corporate customers made up 64 percent of its rupee loans. Of the retail loan book, 43 percent was from […]
Sri Lanka stocks close up 0.7-pct
Mar 27, 2014 (LBO) – Sri Lanka’s stocks close 0.70 percent higher Thursday with diversified John Keells Holdings and Sri Lanka Telecom gaining, brokers said. The Colombo benchmark All Share Price Index closed 41.65 points higher at 5,992.62 up 0.70 percent. The S&P SL20 closed 13.10 points higher at 3,274.15, up 0.40 percent. Turnover was […]
Sri Lanka EPF 2011 accounts to be tabled in parliament shortly: Central Bank
Mar 27, 2014 (LBO) – Audited 2011 accounts of Sri Lanka’s Employees’ Provident Fund a retirement fund of private citizens, would be presented to parliament shortly, the Central Bank, its manager said.Opposition legislator Harsha de Silva has repeatedly called for the accounts to be presented to parliament and has also said some of its stock […]
Sri Lanka exports up in Jan 2014, trade gap down amid low credit growth
Mar 26, 2014 (LBO) – Sri Lanka’s exports surged 23.3 percent to 898.0 million US dollars in January 2014, and the trade gap narrowed 5.9 percent to 755.9 million US dollars amid low credit growth, official data showed. Industrial exports rose 23.6 percent to 691.6 million US dollars with apparel also up 23.4 percent to […]
Sri Lanka faces censure at US rights body
COLOMBO, March 26, 2014 (AFP) – Sri Lanka faces fresh condemnation at the United Nations’ top human rights body this week in a move that observers say could lead to an international criminal investigation for war crimes.A US-led resolution demanding accountability for thousands of deaths of ethnic Tamil civilians five years ago is almost certain […]
” rating confirmed
Mar 26, 2014 (LBO) – Fitch Ratings has confirmed a ‘BB” issuer financial strength rating of Sri Lanka Insurance Corporation with a stable outlook. Fitch said it had a franchise built up since 1961 and an asset base of over 140 billion rupees. It was the market leader in non-life insurance taking 23 percent of […]
‘s Janashakthi Insurance ready for splitting, RBC regime
Mar 26, 2014 (LBO) – Sri Lanka’s Janashakthi Insurance was ready to split its life and general businesses, later list the second unit and also move to a risk based capital regime (RBC), an official said.Managing Director Prakash Schaffter said the businesses will be split later this year. The existing listed Janashakthi Insurance will be […]