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Sri Lanka rupee firms in dull trading
Sept 07, 2007 (LBO) – The Sri Lanka rupee closed firmer at 113.25/28 against the greenback Friday, up from yesterday’s close of 113.27/32, dealers said. There were some swap deals in the market. A state name was also seen buying dollars, in what was a fairly dull Friday, dealers said. However there was liquidity in […]
Sri Lanka eco-lodge on track for global award
Sept 08, 2007 (LBO) – A Sri Lankan eco-lodge built in the shape of an elephant has been nominated for a top slot at the World Travel Awards, its operators said. KumbukRiver, in Okkampitiya in the Buttala area is about 250 kilometres away from the capital Colombo and are among the eight lodges nominated for […]
Bunker Battle
Sept 08, 2007 (LBO) – A rival bunker supplier has joined the court action challenging the sale of Sri Lanka’s then-bunkering monopoly, Lanka Marine Services, which has now emerged as one of John Keells Holdings main money-spinners. Reza in the affidavit also said that the company believes the LMS privatization was fraudulent and not done […]
US says Indian Ocean wargames not aimed at China, Iran
ON BOARD THE USS KITTY HAWK, Sept 7, 2007 (AFP) – A top US navy commander involved in Indian Ocean wargames said Friday the exercises were not aimed at sending a message to either China or Iran.“We are flexible enough to learn the different ways from the international navies and it is easy for us […]
Zimbabwe allows another price hike of goods, services
HARARE, Sept 7, 2007 (AFP) – The Zimbabwean government has authorised all retailers to raise prices by 20 percent, in a bid to to ease widespread shortages, reports said Friday.The price hike comes two weeks after government allowed retailers and manufacturers to increase prices on basic commodities such as sugar, cooking oil, chicken and soap. […]
Sri Lanka, India to discuss new cricket league
Sept 8, 2007 (AFP) – A top Sri Lankan cricket official will attend a meeting of the Indian Cricket Board next week to discuss a new league being floated to counter a controversial rebel series. “We have been asked to come and I will represent Sri Lanka Cricket,” Sri Lanka Cricket (SLC) President Jayantha Dharmadasa […]
Sri Lanka President wants latest cricketer retirement probed
Sept 8, 2007 (AFP) – Sri Lanka President Mahinda Rajapakse has asked the country’s sports minister to investigate all-rounder Upul Chandana’s hasty retirement. “The president asked me to go into the reasons which led Chandana to announce his retirement,” Gamini Lokuge told AFP Saturday. Lokuge said he would invite Sri Lanka Cricket (SLC) officials and […]
Fresh Sri Lanka violence kills 15
Sept 8, 2007 (AFP) – At least 15 people were killed in fresh violence in Sri Lanka’s embattled northern and eastern regions, military officials said Saturday.Three soldiers and five Tamil Tiger rebels were killed in a gun battle in the northern Vavuniya region late Friday, the officials said. They said two more rebels were killed […]
Sri Lanka rupee trades at new low, foreign names sell bonds
Sept 07, 2007 (LBO) – The Sri Lanka rupee traded at a new low of 113.36 against the greenback as a foreign name sold rupee bonds Thursday, but closed at 113.27/32, dealers said. On Wednesday the rupee closed at 113.10/20 against the spot dollar. A state name intervened at 113.36 in intra day trading driving […]
Hard Place
Sept 07, 2007 (LBO) – Sri Lanka’s HSBC branch defended its record in the island following a threat by the country’s opposition leader to cancel its license in the future over its involvement in a planned international bond issue. Opposition United National Party leader Ranil Wickremesinghe has earlier said that parliamentary approval has not been […]
Doing Ok
Sept 07, 2007 (LBO) – Fitch Rating Lanka has confirmed the ‘AA(lka)’ national long-term rating of DFCC Bank, the ‘AA(lka)’ rating of its senior debentures and the ‘AA-(lka)’ rating of its subordinated debentures. The bank’s major shareholders include entities related to the Stassens Group which hold 30.7 percent of its equity and Bank of Ceylon, […]
Full Toss
Sept 07, 2007 (LBO) – Sri Lanka Insurance, has announced an agreement with the Sri Lanka Cricketers’ Association to be the official life insurance provider for all its members. The life insurance cover offered by the company would be extended to national cricketers of the past, the company said in a statement. The association and […]