Category:
Sri Lanka ex-combatant rehabilitation gets UK backing
Sept 04, 2009 (LBO) – The United Kingdom is giving 17 million rupees to support the rehabilitation of ex-combatants in Sri Lanka conflict by the island’s ministry of justic, the International Organization of Migration (IOM) said.Justice minister Milinda Moragoda has welcomed the support given for the rehabilitation efforts led by his ministry and Sri Lanka’s […]
UN chief, minister discuss plight of displaced Sri Lankans
UNITED NATIONS, September 3, 2009 (AFP) – UN chief Ban Ki-moon met with a Sri Lankan minister in Geneva Thursday to discuss the plight of civilians displaced by the government defeat of the Tamil separatist insurgency earlier this year, his press office said. But she added that UN officials could not confirm its authenticity. The […]
EU joins criticism of jailing of Sri Lanka journalist
BRUSSELS, September 3, 2009 (AFP) – The European Union joined Thursday the international outcry over the sentencing to 20 years in jail of a journalist in Sri Lanka for his alleged links to Tamil Tiger rebels.The foreign ministry in Colombo has rejected international criticism of the verdict, which has also come from the United States […]
Sri Lanka bond yields fall
Sept 03, 2009 (LBO) – Sri Lanka bond yield have fallen around 30 t0 40 basis points over the past week with high trading volumes and expectations of purchases by foreign buyers, dealers said.A 6-year bond maturing on 15.03.2015 which was quoted around 12.55/57 percent Tuesday from around 12.83/85 a week earlier. A 4-yar bond […]
Sri Lankan stocks close flat
Sep 03, 2009 (LBO) – Sri Lanka shares closed flat Thursday, as retail investors took profits and bet heavily on Seylan Bank and Blue Diamonds Jewelry Worldwide non-voting shares, which are part of troubled Ceylinco Group, brokers said. The benchmark Colombo All Share Price Index (ASPI) was down 0.06 percent (1.55 points) to close at […]
Tug Boats
Sept 03, 2009 (LBO) – Sri Lanka’s Colombo Dockyard said it has won an order worth about seven billion rupees to build two tugs for a Singapore customer with an option for two more vessels of the same type.The contract for the 130 tonne bollard pull Anchor Handling Tug Supply Vessels was significant as it […]
Uva Roads
Sep 03, 2009 (LBO) – Sri Lanka will upgrade 200 kilometres of roads in the under-developed Uva province and 100 kilometres in Amparai in the eastern province with a 105 million US dollar World Bank credit, a senior minister said. “The project is aimed at improving access to social and economic activities in the Eastern […]
Chinese Leg
Sept 03, 2009 (LBO) – A 30-kilometer fourth stage of a 126-kilometre expressway from Sri Lanka’s capital Colombo to the southern city of Matara will go to a Chinese contractor but the supervision consultancy will be open for international bids. The first two sections of the road (34.3 and 31.7 km) is financed by the […]
Road Upgrade
Sept 03, 2009 (LBO) – Sri Lanka will upgrade 150 kilometres of provincial roads in the east of the country and 220 kilometres in the north central province with a 70 million US dollar credit from the Asian Development Bank (ADB), a senior minister said.Information minister Anura Yapa said the total cost of the project […]
Abandoned Property
Sept 03, 2009 (LBO) – Sri Lanka’s Central Bank said it has issued new instructions to banks to put assets unclaimed by customers for a long period to an account in the Central Bank. All licensed commercial banks holding any abandoned property are required to inform the banking regulator each year and transfer such monies […]
Loss Transfer
Sept 03, 2009 (LBO) – Citibank Sri Lanka has transferred billions of rupees of losses from a defaulted derivative deal with a state-run oil retailer to a foreign unit and the local branch has retained its ‘AAA(lka)’ rating, Fitch Ratings said. At end-December 2008, the top 20 loans had accounted for 93.1 percent of total […]
Rating Retained
Sept 03, 2009 (LBO) – Fitch Ratings has confirmed HSBC Sri Lanka’s long term national Long-term rating at ‘AAA(lka)’ with a ‘stable’ outlook, on the strength of its parents ‘AA/negative outlook’ rating. HSBC Sri Lanka is a branch of Hongkong & Shanghai Banking Corporation Limited, Hong Kong’s largest banking group and is wholly-owned by HSBC […]