Category:
Sri Lanka banks urged to tighten spreads amid slow credit
July 14, 2014 (LBO) – Sri Lanka’s Central Bank held policy rates at 6.50 and 8.00 percent and urged banks to tighten spreads to lower lending rates as private sector credit demand remained weak.In May credit to the central government from the banking sector has fallen by 11.5 billion rupees and loans to state enterprise […]
”’ budget reform
NEW DELHI, July 13, 2014 (AFP) – The maiden budget from India’s new right-wing government has promised a return to high growth — but disappointed some who hoped premier Narendra Modi might use his thumping mandate to unleash radical change. The Bharatiya Janata Party (BJP) government opted for small steps in last week’s budget, in […]
Cricket: Sri Lanka to coach banned spinner Senanayake
COLOMBO, July 13, 2014 (AFP) – Sri Lanka’s cricket authorities decided Sunday to send off-spinner Sachithra Senanayake for intense coaching after the International Cricket Council (ICC) ruled his bowling action illegal and banned him from international matches.Sri Lanka Cricket (SLC) secretary Nishantha Ranatunga said the coaching team was being asked to study reports from the […]
‘s series win
HAMBANTOTA, July 12, 2014 (AFP) – South Africa rode on aggressive hundreds from Quinton de Kock and AB de Villiers to beat Sri Lanka by 82 runs in the third and final one-day international on Saturday.Left-hander De Kock smashed a 127-ball 128 while skipper De Villiers hit a fiery 71-ball 108, making a century off […]
Cricket: South Africa bat in third Sri Lanka one-day
HAMBANTOTA, July 12, 2014 (AFP) – South African captain AB de Villiers won the toss and elected to bat in the third and final one-day international against Sri Lanka in Hambantota on Saturday.Both teams are tied at 1-1 in the three-match series, after South Africa won the first match by 75 runs while Sri Lanka […]
Sri Lanka shares close down 0.1-pct
July 11, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent lower ending a seven day winning streak with banking stocks losing ground, brokers said. Foreign investors bought 331.41 million rupees worth shares while selling 230.47 million rupees worth shares. Carson Cumberbatch closed 10.00 rupees lower at 420.00 rupees and Commercial Bank closed 2.20 rupees […]
Partial Protection
PARIS, July 10, 2014 (AFP) – A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said Friday.Devised by the French pharmaceutical giant Sanofi Pasteur, the so-called CYD-TDV vaccine provided only 30 percent protection against the dangerous […]
Software Spread
July 11, 2014 (LBO) – Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its ‘FortunaFinance’ branded platform will allow Solomon Island’s Pan Oceanic Bank (POB) to provide services to customers through mobile phones and the web. “¦[F]inancial institutions of all sizes are […]
Sri Lanka shares close up 0.8-pct
July 10, 2014 (LBO) – Sri Lanka’s shares closed 0.83 percent higher with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.02 points higher at 6,668.86, up 0.83 percent. The S&P SL20 closed 29.08 points higher at 3,735.14, up 0.78 percent. Turnover was 2.36 billion rupees, […]
Worth Watching
July 10, 2014 (LBO) – Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and Poor’s which found Sri Lanka to be most exposed in the region after New Zealand said. Several Asian countries including China were loosening policy in response to a slowing […]
” to get kids to Australia
SYDNEY, July 9, 2014 (AFP) – A dozen mothers in an asylum-seeker camp have reportedly attempted suicide so their children can be settled in Australia, piling pressure on Prime Minister Tony Abbott who said Wednesday he would not be morally blackmailed. The Sydney Morning Herald said the women tried to kill themselves this week after […]
”
COLOMBO, July 9, 2014 (AFP) – Sri Lanka has banned non-government organisations from holding press conferences under a new order from the defence ministry seen by AFP on Wednesday, raising new fears for freedom of speech.The order, sent widely to civil society groups earlier this month, said all NGOs should refrain from “unauthorised activities with […]