Category:
Sri Lanka rated telco market with highest regulatory risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings.It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash flow […]
Sri Lanka private sector credit turns corner in Sept
Dec 02, 2009 (LBO) – Sri Lanka’s private sector credit started expanding in September 2009 ending eight months of contraction and the Central Bank says it would like to see more credit growth before tightening monetary policy.Growing private sector credit demand could also push risk free yields up as the risk appetite of banks increase. […]
Sri Lankan shares close up 1.33-pct on JKH sale
Dec 02, 2009 (LBO) – Sri Lankan shares closed up Monday boosted by the sale of 7.5 million John Keells Holdings (JKH) shares in an otherwise dull trading day, brokers said. The All Share Price Index closed at 2,952.16, up 1.33 percent (38.77 points) while the Milanka Price Index of more liquid stocks closed at […]
Sri Lanka tea farms mull irrigation to counter weather changes
Dec 02, 2009 (LBO) – Sri Lanka’s plantations need foreign investment for estate and factory modernisation, including irrigation to counter changing weather patterns, said Kumar Jayasuriya, chairman, James Finlay, Colombo. Regional plantation companies running the island’s tea estates could do with foreign investment in irrigating fields, to cope with changes in rainfall patterns which could […]
Terror Funds
Dec 02, 2009 (LBO) – The Sri Lankan government has identified some 600 bank accounts with links to the Tamil Tiger separatists and is trying to seize assets held by the Tigers, a spokesman said. Defence spokesman Keheliya Rambukwella said Tiger assets and bank accounts were largely held by Kumaran Pathmanadan alias KP, a top […]
Tele Risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings. It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash […]
Developing countries agree on tariff-cut deal
GENEVA, December 2, 2009 (AFP) – Twenty-two developing and poor countries including emerging giants India and Brazil, on Wednesday agreed on a deal on cutting tariffs on the sidelines of a World Trade Organization meeting. “This is a very important step in south-south cooperation,” said Jorge Taiana, Argentinian Foreign Minister, who chaired the group. Under […]
Six-star Dilshan leaves India chasing leather
MUMBAI, December 2, 2009 (AFP) – Tillakaratne Dilshan smashed his sixth century this year to give Sri Lanka a solid start in the crucial third and final Test against India here on Wednesday.Dilshan made 109 as Sri Lanka, seeking a win to draw the series 1-1, battled a wicket with turn and bounce to pile […]
e Sri Lanka: Promise realized?
Dec 02, 2009 (LBO) – 2009 has been year of celebration for the ICT Agency, the entity created to implement the e Sri Lanka program. The capping event is the big regional conference that has come to town, giving ICTA dignitaries an opportunity to strut their stuff on a larger stage. The declaration of 2009 […]
Sri Lanka must help released war refugees: Amnesty
December 2, 2009 (AFP) – Amnesty International on Wednesday pushed Sri Lanka to grant full freedom to 130,000 Tamil civilians who have been allowed out of camps where they were detained following the island’s ethnic conflict.The government said the camp inmates, who were displaced in the war against the Tamil Tiger rebels, were now free […]
Gold price storms to record above 1,200 dollars
LONDON, December 1, 2009 (AFP) – The price of gold reached above 1,200 dollars an ounce for the first time on Tuesday as a weak US currency pushed up demand for the precious metal viewed as a safe-haven investment, analysts said. Gold struck a record high 1,201.63 dollars an ounce on the London Bullion Market […]
Strangle Hold
Dec 01, 2009 (LBO) – First, we need to understand that debt markets broadly require three enabling factors, the need (or demand) for debt capital, a source (or supply) of debt capital, and the accompanying intermediary infrastructure that is required to put the two together. As far as the private sector corporate debt market is […]