Category:
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 […]
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 […]
‘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 […]
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 […]
”
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 […]
Sri Lanka police arrest 49 over religious riots
ALUTGAMA, June 18, 2014 (AFP) – Sri Lanka’s police arrested 49 people overnight over deadly anti-Muslim riots in a tourist region where Buddhist hardliners have set shops and homes ablaze, a senior officer said Wednesday. Both Buddhists and Muslims were arrested during a police crackdown in the southern resort towns, where two nights of violence […]
Sri Lanka policy rates unchanged, banks urged to narrow spreads
June 18, 2014 (LBO) – Sri Lanka’s central bank held policy interest rates at 6.5 and 8.0 percent but urged banks to narrow spreads by cutting lending rates, as credit growth continued to be slow.Deputy Governor Nandalal Weerasinghe said Tuesday such market developments would help bring down interest rates to levels in line with deposit […]
‘BB-(EXP) by Fitch
June 17, 2014 (LBO) – Fitch Ratings has given a ‘BB- (EXP) rating for a proposed government guaranteed dollar bond by SriLankan Airlines. The full statement is reproduced below:- Fitch Rates SriLankan Airlines’s Guaranteed USD Bonds ‘BB-(EXP)’ Fitch Ratings-Singapore/Colombo-17 June 2014: Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar denominated […]
Sri Lanka shares close flat
June 17, 2014 (LBO) – Sri Lanka’s shares closed flat Tuesday despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 0.31 points higher at 6,344.41. The S&P SL20 closed 0.40 points higher at 3,521.07, up 0.01 percent. Turnover was 1.08 billion rupees, up from 957.31 million rupees a day earlier […]
Crane Arrival
June 17, 2014 (LBO) – Sri Lanka Ports Authority said its new port in Hambantota had received try ship-to-shore gantry cranes and one rubber tyred transfer crane from China.Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) is built with Chinese finance.
Vehicle Trend
June 17, 2014 (LBO) – Sri Lanka’s car, sports utility vehicles and motor bike registrations were up in May 2014 from a year earlier, but commercial vehicle were sharply down amid lease defaults.An analysis of Sri Lanka’s vehicle registry data by JB Securities, an equities brokerage showed that total new registrations fell 3.3 percent to […]
”: S&P
June 17, 2014 (LBO) – A planned 5-year government guaranteed international bond SriLankan Airlines has been rated ‘B+’, the same as Sri Lanka’s sovereign rating, Standard & Poor’s said. Bloomberg newswires, a news agency, citing an unnamed source said Standard Chartered has been hired by SriLankan to organize meeting with investors in Asia and Europe […]