Category: Industry
‘s Murali puts Bangladesh in trouble
DHAKA, December 30, 2008 (AFP) – Muttiah Muralitharan grabbed two quick wickets to push Sri Lanka closer to a big victory over Bangladesh on the fourth day of the opening Test here on Tuesday.The off-spinner dismissed Junaid Siddique and Raqibul Hasan in his four overs as Bangladesh struggled to reach 150-4 in their second innings […]
New Pilots
Dec 30, 2008 (LBO) – Three new directors has been appointed to Sri Lanka’s Seylan Bank, which was put under the control of a state bank by the monetary board, a media report said. Experienced banker E Narangoda, who was earlier at state-run National Savings Bank had been appointed chairman, The Island newspaper said. Lalith […]
Trade Halt
Dec 30, 2008 (LBO) – Sri Lanka’s Seylan Bank trade halt was removed at 12.45 pm Tuesday following clearance from the Colombo Stock Exchange (CSE) and Securities and Exchange Commission (SEC). Seylan Bank shares opened trading Tuesday at 19.50 rupees, up 3.75 rupees from the previous close on December 24. Their was no trading on […]
Web Pay
Dec 30, 2008 (LBO) – Sri Lanka’s Commercial Bank said it has extended its ‘Paymaster’ online payment facility to handle Employees’ Trust Fund (ETF) retirement benefit fund payments. The web-enabled Paymaster enables monthly contributions and surcharges and upload of monthly member contribution details for the convenience of employers, the bank said in a statement. This […]
New Call
Dec 30, 2008 (LBO) – Evergreen Line has said it has introduced a new feeder service with Singapore-based Sea Consortium linking Sri Lanka’s Colombo port with ports in India and Pakistan. A statement from the shipping line, operated by Taiwan’s Evergreen Marine Corporation, said the Arabian Express Service (ASX) offers a weekly rotation. The ships […]
Traffic Jam
Dec 30, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) has completed dredging of the northern entrance to Colombo port, senior SLPA officials said. Port users have said such navigation restrictions cause congestion in the harbour, resulting in delays in cargo handling and turning around container ships. The SLPA has tested sonar systems to […]
Bank Statement
Dec 29, 2008 (LBO) – Sri Lanka Seylan Bank has a issued a statement on a planned sale of its shares by the Ceylinco group. Seylan Bank is a licensed commercial bank which is regulated and supervised by the Central Bank of Sri Lanka. The full statement is reproduced below: Press release from Seylan Bank […]
No Control
Dec 29, 2008 (LBO) – Sri Lanka’s Ceylinco Insurance says its board has not been given control of Golden Key Credit Card Company, a troubled Ceylinco group firm that could not repay its customers earlier this month. Ceylinco Insurance said in a stock exchange filing that “the control of Golden Key Credit Card Company and […]
Foreign Ratings
Dec 29, 2008 (LBO) – The ‘AAA(lka)’ ratings of Sri Lanka branches of Citibank and Standard Chartered are not affected following a court order that halted payments on oil derivatives with a state-run oil firm, Fitch Ratings said.The findings are expected to be presented at court hearings in February 2009. “As per regulatory requirements, both […]
Local Banks
Dec 29, 2008 (LBO) – Sri Lanka ‘AA+(lka)’ rated Commercial Bank’s rating is unlikely to be changed following potential hedging losses after courts halted oil derivative payments, but capital build-up at ‘A-(lka)’ People’s Bank could be delayed, Fitch Ratings has said. Private-listed Commercial Bank (CB) has a ‘stable’ outlook on its rating and state-run People’s […]
Stability Measure
Dec 29, 2008 (LBO) – Sri Lanka’s Seylan Bank’s board of directors has been dissolved by the monetary board of the Central Bank and its operations brought under state-run Bank of Ceylon, a senior bank official said. The Bank of Ceylon is expected to appoint a board and oversee the operations of Seylan, the official […]
Regulatory Action
Dec 29, 2008 (LBO) – Sri Lanka’s Seylan Bank’s board of directors has been dissolved by the monetary board of the Central Bank and its operations brought under state-run Bank of Ceylon, the regulator said. The Central Bank said it was “discontinuing the services” of the board of Seylan Bank but retaining the current chief […]