Category:
Bank Numbers
Feb 28, 2011 (LBO) – Sri Lanka’s Hatton National Bank said group net profit for the December 2010 quarter was up two percent to 1. 87 billion rupees from a year ago with sharp gains in fee income. A stock exchange filing said HNB’s group net profit for the full financial year ending December 31, […]
India to raise $9 bn in privatisations: minister
NEW DELHI, February 28, 2011 (AFP) – India’s government intends to raise 400 billion rupees ( billion) by part-privatising state-owned companies in the next fiscal year, Finance Minister Pranab Mukherjee said Monday. Part-privatisations of miner Manganese Ore Ltd and electricity transmission group Power Grid were also a success, but earlier issues by state-run iron-ore miner […]
Sri Lanka float plane in World Cup cricket flights
Feb 28, 2011 (LBO) – SriLankan Airlines’ says it has started a float plane service to Kandy to cover World Cup cricket matches at the Pallekelle grounds in Kandy in central Sri Lanka. The airline said its flights to two matches in Hambantota in the south had been sold out. The service will run from […]
Sri Lanka loan plan to be revamped fast: World Bank
Feb 28, 2011 (LBO) – Sri Lanka’s World Bank office will accelerate its current programs start working on a new loan plan that will involve larger projects in fewer sectors at more market based rates, an official said. Elements of the current program dates back from before the end of a 30-year war in 2009. […]
Sri Lanka inflation accelerates to 7.8-pct in February 2011
Feb 28, 2011 (LBO) – Consumer prices in Sri Lanka’s capital Colombo accelerated to 7.8 percent in the 12-months to February from a year earlier, up from 6. 9 percent in January the government’s statistics office said. Prices rose 1.2 percent in the month of February alone continuing a trend seen in September. In September […]
Sri Lanka central banker meet mulls stimulus exit strategies
Feb 28, 2011 (LBO) – South and South East Asian central bank chiefs who met in Sri Lanka had discussed ways to exit deficit spending and loose monetary policy adopted during a global downturn, amid rising inflation and property bubbles. Several Asian countries followed their advanced nations counterparts in boosting state spending and money printing […]
” as Asian workers land in Malta
VALLETTA, February 28, 2011 (AFP) – The UN refugee agency said a “humanitarian emergency” was underway as thousands fled Libya over the weekend in a mass exodus of foreigners from the strife-torn country by air, land and sea. The agency said almost 100,000 migrant workers, mostly from Egypt and Tunisia, had fled Libya in the […]
”’ says Sri Lanka captain ahead of Kenya clash
February 27, 2011 (AFP) – Sri Lankan captain Kumar Sangakkara has urged his team not to panic after slipping to defeat against Pakistan, as he looks to get their World Cup campaign back on track with victory over Kenya on Tuesday. “We have Kenya next, followed by Australia, so we will look back on the […]
Sri Lanka captain rues loss of crucial wickets
February 27, 2011 (AFP) – Sri Lankan skipper Kumar Sangakkara said the loss of Mahela Jayawardene and opener Tillakaratne Dilshan at a crucial stage of the match against Pakistan was a key factor in his team’s defeat. Pakistan held their nerve to record a narrow 11-run win over the fancied home team in Colombo, leaving […]
Pakistan win over Sri Lanka send out warning with Cup win
February 26, 2011 (AFP) – Pakistan beat a powerful Sri Lankan side on Saturday for their second World Cup win, sending out an ominous statement of intent to their rivals as Bangalore geared up for the India-England showdown. A sell-out crowd of 35,000 packed the R. Premadasa stadium in Colombo to witness the much-anticipated Group […]
Tipping Point
Feb 26, 2011 (LBO) – The global seafarers union has warned it would advise members against sailing in the Indian Ocean to avoid Somali pirates and mocked as “ludicrous” naval action that confiscate guns and set pirates free to strike again. The Somali piracy crisis comes at a time when the global merchant marine faces […]
Migrant Plight
Feb 26, 2011 (LBO) – The International Labour Organisation has urged Libya to protect the rights of migrant workers caught up in the current conflict and ensure their basic right to freedom of association. Libyan leaders must put an immediate stop to the massive killings, large-scale violence and generalized repression unleashed against peaceful demonstrations of […]