Category:
Curfew in Colombo as tensions rise after mosque attack
August 11, 2013 (AFP) – Sri Lankan police clamped a fresh curfew on a Colombo neighbourhood Sunday, a day after a Buddhist-led mob vandalised a mosque in an incident that raised religious tensions and sparked US concern.All four people injured in the attack, including two police constables guarding the mosque, remained in hospital Sunday. Residents […]
Sri Lanka lifts curfew as Muslims fear more violence
COLOMBO, August 11, 2013 (AFP) – Sri Lankan police lifted a curfew on a Colombo neighbourhood Sunday after a Buddhist-led mob attack on a mosque raised religious tensions and left the Muslim minority fearing further violence.Hundreds of police, including anti-riot squads and elite Special Task Force commandos, remained on alert in the Grandpass district following […]
Probe Call
WASHINGTON, August 9, 2013 (AFP) – The United States on Friday urged Sri Lanka to investigate a deadly army crackdown on a village environmental protest and to prosecute those responsible.The military on August 1 opened fire on thousands of unarmed villagers at Weliweriya near Colombo as they protested contamination of their ground water, allegedly due […]
First Indian nuclear submarine set for open sea trials
NEW DELHI, August 10, 2013 (AFP) – India announced Saturday that its first indigenously-built nuclear submarine is ready for sea trials, a step before it becomes fully operational, and called it a “giant stride” for the nation.It will ply the seas alongside the former Russian aircraft carrier “Admiral Gorshkov”, now the “INS Vikramaditya”, due to […]
Brazil to privatize two airports in late October
BRASÃLIA, August 9, 2013 (AFP) – An auction to privatize airports in Rio and Belo Horizonte, two host cities for the 2014 World Cup, will be held on October 31, Brazilian authorities said Friday. Presidential chief of staff Gleisi Hoffmann announced the date for the auction to sell concessions to run Rio’s Galeao airport and […]
Assault on mosque revives Sri Lanka religious tensions
COLOMBO, August 10, 2013 (AFP) – Sri Lankan police deployed commandos and imposed a curfew on a Colombo neighbourhood Saturday after a Buddhist-led mob attacked a mosque, wounding four people and reviving simmering religious tensions, officials said. Police sources said elite Special Task Force commandos were deployed to help maintain law and order following mob […]
Rating Confirmed
Aug 09, 2013(LBO) – RAM Rating has confirmed Commercial bank’s rating at AA+ with a stable outlook. Media contact Nilusha Fonseka (9411) 2553089 The ratings are based on the Bank’s strong market position in the island as the largest privately-owned licensed commercial bank and third-largest overall,” the rating agency said in a statement. The ratings […]
Dollar Finance
Aug 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata, the country’s largest mobile operator said it had raised 200 million US dollars from a syndicated loan.The 5-year loan had been arranged by OCBC Bank Malaysia Berhard and Standard Chartered Bank, Dialog said in a statement. The fund will be used for capital expenditure, working capital […]
Dumped Queen Victoria to get new life before Sri Lanka summit
COLOMBO, August 8, 2013 (AFP) – A statue of Queen Victoria which was banished from Sri Lanka’s presidential palace amid fears it brought bad luck will now be spruced up for an upcoming Commonwealth summit.The 1897 statue of the former British monarch seated on a throne had been banished from the palace a few years […]
” forex reserves
Aug 09, 2013 (LBO) – Sri Lanka probably has ‘mamma’ bear forex reserves an International Monetary Fund official said responding to the official position that the country had ‘goldilocks’ reserves that were just right. The Central Bank also has to repay the IMF about another 250 million US dollars in the second half of 2013, […]
Sri Lanka Fonterra says milk powder safe, but recalling some product
Aug 09, 2013 (LBO) – Sri Lanka’s Fonterra unit said it was recalling some product from the market on a health ministry directive but the chemical alleged to be in milk powder was not toxic and its use had been stopped last year. Fonterra Lanka chief Leon Clement said two batches of Anchor and Anchor […]
” rating confirmed by RAM
Aug 08, 2013 (LBO) – An ‘AA’ rating of Sri Lanka’s Sampath Bank has been confirmed by RAM Rating Lanka with a stable outlook.“The ratings are supported by the Bank’s healthy asset quality and good market position,” the rating agency said. “On the other hand, the ratings are temperedby the Bank’s average capitalisation.” RAM said […]