Category:
Sri Lanka takes northeast Tamil Tiger area
Sept 2, 2007 (AFP) – Sri Lanka said Sunday that troops have consolidated a hold on territory seized from Tamil rebels during intense weekend fighting that the guerrillas said killed nine civilians.Security forces seized territory that had been held by the Liberation Tigers of Tamil Eelam (LTTE) just south of Mannar in the northwest of […]
Sri Lanka rupee closes firmer against greenback
September 01, 2007 (LBO) – The Sri Lanka rupee closed firmer against the greenback at 113.00/113.05 Friday trading two days without central bank intervention, giving confidence to the market. The spot dollar closed at 113.12/18 Thursday which was almost flat from the previous day. The rupee had earlier been hit by heavy central bank market […]
Portable Money
Sept 1, 2007 (LBO) – Sri Lanka’s Sampath Bank’s has started an electronic cash transfer method lets account holders transfer cash to all mobile brands or CDMA phone, officials said. “This facility will let customers send money to any person with a mobile phone or a CDMA phone without changing SIM cards. All you need […]
Ploughing On
September 01, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AAA (lka) rating of HSBC’s Sri Lanka branch with a ‘stable’ outlook, the rating agency said. HSBCSL is the largest foreign bank in Sri Lanka in term of assets and operates 14 branches in Sri Lanka, primarily in the Colombo district. HSBC Sri Lanka […]
Exposure Draft
September 01, 2007 (LBO) – Sri Lanka’s central bank, which regulates the country’s financial system, has sought the views of the banking community on new draft corporate governance rules for banks. “The need for a mandatory code of corporate governance arises due to the significance of the business of banks in the economy and current […]
Top Job
September 01, 2007 (LBO) – The newly set up Bharti Airtel Sri Lanka unit had hired a top Unilever official to head its operation in the island, Lanka Business Online learns. The rest is shared between Mobitel, a unit of fixed operator Sri Lanka Telecom; Tigo, a unit of Millicom International Cellular and Hutch, a […]
Electronic Trade
September 01, 2007 (LBO) – Millennium IT, one of Sri Lanka’s key software developers, has secured the contract to automate the centuries old tea auction system, an official said.Sri Lanka, which is better known for its high quality aromatic tea known by the country’s previous name Ceylon, is made with tender leafs and buds of […]
Maldives tourist paradise flourishes at 35
KURUMATHI ISLANDS, Maldives(AFP) – Sabrina Chang decided this year to treat herself to a fancy vacation, opting to stay in a thatched bungalow over a lagoon in the Maldives where a swim with exotic fish is as common as taking a stroll. The Maldives is celebrating the 35th anniversary since its first two resorts opened […]
Uncapped Sri Lanka spinner to replace Muralitharan
Sept 1, 2007 (AFP) – Sri Lankan cricket selectors Saturday picked uncapped off spinner Dilruwan Perera to replace the injured Muttiah Muralitharan in the ICC World Twenty-20 championships in South Africa. “It is with regret we inform our cricket fans that Muttiah Muralitharan has been compelled to pull out of the Twenty-20 World Cup squad […]
‘s Susanthika aims for Olympics
OSAKA, Japan, Sept 1, 2007 (AFP) – America’s Allyson Felix named Beijing Olympics gold as her number one priority after scorching to a morale-boosting win in the world 200 metres final. The defending champion became the first woman to run under 22 seconds in eight years, smashing her personal best with 21.81 seconds as she […]
‘s mistakes taught Singapore to do different: Lee Kwan Yew
August 31, 2007 (LBO) – The mistakes of Sri Lanka and other newly independent ‘failed states’ made Singapore go in a different direction, its founding prime minister told the International Herald Tribune (IHT) in an interview. Lee Kwan Yew, now minister mentor, said when Singapore broke off from the Malayan Federation it had a hostile […]
Sri Lanka central bank talks up the rupee
August 31, 2007 (LBO) – Sri Lanka’s central bank is talking up the rupee saying a one percent fall in the currency during the past two weeks is ‘unwarranted’ because exports are strong, imports weak and remittances are flowing in.The comments came after the spot dollar broke the 113.00 rupee barrier this week and the […]