Author: lbostgadmin
Sri Lanka interest rates tighter ahead of dollar inflow
Jan 17, 2014 (LBO) – Sri Lanka’s overnight market rates and medium term bond yields picked up slightly ahead of an expected liquidity flood from a sovereign bond sale, dealers said. A 2-year bond maturing on 01 April 2016 quoted at 7.80/8.00 percent had eased from around 8.00/8.10 percent last week. But a 3-year 01 […]
First Call
Jan 16, 2014 (LBO) – MV OEL Emirates, the latest vessel in Dubai-based Orient Express Lines had made its maiden call at Sri Lanka’s Colombo port.OEL has services from Colombo to Chennai, Cochin , Tuticorin, Male and Chittagong. Orient Express Lines is a member of Dubai-based Transworld Group of Companies which also has interests in […]
Sri Lanka stocks up 0.8-pct
Jan 16, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday recording a gradual increase in the intra day trading amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 50.59 points higher at 6,166.98, up 0.83 percent. The S&P SL20 closed 38.98 points higher at 3,427.05, up […]
Cricket: Sri Lanka says Bangladesh tour still on
COLOMBO, January 15, 2014 (AFP) – Sri Lanka is to go ahead with a tour to Bangladesh later this month after carrying out its own security assessment in the violence-plagued country, cricket board officials said Wednesday.“There is no such thing. No one has asked us to host the Asia Cup,” Ranatunga said.“The original decision of […]
Double Trouble
BOBIGNY, January 14, 2014 (AFP) – A Sri Lankan man wanted on an international arrest warrant for terrorism, was discovered in France by accident, after he walked into a police station to complain about poor working conditions.Jeyanthan Tharmalingam, 35, went last Thursday to give a statement in a case about illegal employment in which he […]
Consolidation
Jan 14, 2013 (LBO) – Sri Lanka’s financial regulator, the Central Bank, said it will outline a master plan to consolidate banks and finance companies with one-to-one meetings to be held among lenders thereafter. The 2009 one involved property and oil derivatives going bad, and the 2011/2012 bubble involved state enterprise credit, margin and gold […]
US Call
COLOMBO, January 12, 2014 (AFP) – The United States called Sunday for Sri Lanka to investigate rights abuses by security forces after a top envoy completed a fact-finding mission to the island, the US embassy in Colombo said.US State Department war crimes investigator Stephen Rapp “listened to eyewitness accounts about serious human rights abuses” during […]
Credit Trend
Jan 13, 2014 (LBO) – Credit to business and personal customers rose 22.3 billion rupees in November 2013 to 2,519 billion rupees, up 7.3 percent from a year earlier, while loans to the state fell, official data showed.Loan to deposit ratios can deteriorate as the Central Bank expands its balance sheet by purchasing securities from […]
Sri Lanka stocks up 0.5-pct – corrected
Jan 13, 2014 (LBO) – Sri Lanka stocks rose 0.55 percent with tobacco and insurance firms gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 33.25 points higher at 6,116.39, up 0.55 percent. The S&P SL20 closed 9.48 points higher at 3,393.99, up 0.28 percent. Turnover was 1.37 billion […]
Sri Lanka president to test popularity with local polls
COLOMBO, January 12, 2014 (AFP) – Sri Lanka on Sunday called snap local elections seen as a gauge of President Mahinda Rajapakse’s popularity ahead of national polls expected to be held later this year, officials said.The southern and western provincial councils, the highest level of local government, have been dissolved, clearing the way for local […]
‘s resistance to foil Sri Lanka
DUBAI, January 11, 2014 (AFP) – Skipper Misbah-ul Haq led Pakistan’s resistance with a gritty 97 to thwart Sri Lanka’s victory bids on the fourth day of the second Test in Dubai on Saturday. Misbah missed his sixth Test hundred by a mere three runs but a career best 70 not out by Sarfraz Ahmed […]
Dominant Sri Lanka beat Pakistan in second cricket Test
DUBAI, January 12, 2014 (AFP) – Sri Lanka produced a professional performance to register their biggest victory over Pakistan by nine wickets in the second Test in Dubai, taking a 1-0 lead in the three-match series. Lakmal then had Rahat Ali caught behind for eight, for Prasanna Jayawardene’s ninth catch in the match. Prasanna equalled […]