Category: Industry
Debt Rating
Mar 21, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance Company’s (SFC) proposed senior unsecured redeemable listed debentures of up to a billion rupees a ‘BBB+(lka)’ rating. The company was established in 1968 by the Balasuriya family, who owns 90 percent of SFC’s equity. The agency has simultaneously confirmed SFC’s National Long-Term rating […]
Radiation Check
Mar 21, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) said it is using scanners installed under an American counter-terrorism initiative to scan cargo from Japan at Colombo port for radiation. The scanners can detect radioactive materials inside containers. The Colombo port scanning was prompted by the release of radiation into the atmosphere from […]
India set up World Cup thriller with Aussies
NEW DELHI, March 20, 2011 (AFP) – India will play defending champions Australia in a mouthwatering World Cup quarter-final clash after the hosts battled back to beat the West Indies comfortably on Sunday. India scored 268 thanks largely to a century by in-form Yuvraj Singh but lost their last six wickets for just 36 runs, […]
Pakistan end Australia record run, Bangladesh crash
NEW DELHI, March 19, 2011 (AFP) – Pakistan ended defending champions Australia’s 34-match unbeaten World Cup run on Saturday while hapless Bangladesh crashed out in a humiliating rout at the hands of South Africa. On the day that India, England and, barring a mathematical miracle, West Indies completed the quarter-final line-up, Pakistan beat Australia by […]
Yuvraj hits ton but India fail to capitalise
CHENNAI, March 20, 2011 (AFP) – Yuvraj Singh’s maiden World Cup century was the cornerstone of India’s 268 all out against the West Indies on Sunday but the host nation lost their last six wickets for just 36 runs. Fast bowler Ravi Rampaul marked his World Cup debut with a career-best five for 51 which […]
Gambling Trend
DANANG, March 20, 2011 (AFP) – The gambler leans back comfortably in his chair at a card table inside Vietnam’s new Crown casino, waiting for his female companion to fetch more cash. At Asia’s casinos, the money just keeps on coming. Analysts say the region’s increasing wealth is funding a gambling boom that saw Macau […]
Hobbling Murali leads Sri Lanka to victory
MUMBAI, March 18, 2011 (AFP) – Veteran spinner Muttiah Muralitharan shrugged off a worrying injury scare to take four wickets as Sri Lanka defeated New Zealand by 112 runs in their World Cup Group A clash on Friday. It was always a tough ask for New Zealand on the Wankhede Stadium pitch, which will stage […]
”’ legend Murali
MUMBAI, March 18, 2011 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed veteran spinner Muttiah Muralitharan as a legend for his four-wicket contribution in Friday’s World Cup win over New Zealand. Muralitharan, playing in his final World Cup before retirement, took 4-25 as the Black Caps were dismissed for 153 to lose by 112 runs. […]
Sri Lanka textile firm to raise US$26.3mn in equity
Mar 19, 2011 (LBO) – Sri Lanka’s Textured Jersey, a textile make owned by Brandix Lanka Ltd and Pacific Textiles of Hong Kong said it is planning to raise 2.9 billion rupees (26.3 million US dollars) through a private placement and initial public offering. Pacific Textiles now owns 60 percent of the firm and Brandix […]
Islamic Finance
Mar 19, 2011 (LBO) – Top organizations representing Sri Lanka’s lawyers and accountants have brought together experts in Islamic finance to broaden understanding of one of the faster growing niches in the financial sector. The program will introduce the concept deal with equity investments, accounting for Islamic finance, corporate governance, the regulatory framework, legal and […]
England stay on track, Akhtar calls it quits
NEW DELHI, March 17, 2011 (AFP) – England stayed alive at the World Cup on Thursday with a dramatic 18-run over the West Indies while international cricket prepared to say farewell to controversial Pakistan star Shoaib Akhtar. Off-spinners James Tredwell and Graeme Swann took seven wickets between them as England triumphed in Chennai. West Indies, […]
Sri Lanka prepares model in bid for Commonwealth Games
Mar 18, 2011 (LBO) – Sri Lanka has prepared a model with 20 key venues and facilities in its bid to host the 2018 Commonwealth Games in the southern town of Hambantota, the central bank said in a statement. “The key purpose of the CEO’s visit to Sri Lanka will be to understand the steps […]