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‘BB-(EXP) by Fitch
June 17, 2014 (LBO) – Fitch Ratings has given a ‘BB- (EXP) rating for a proposed government guaranteed dollar bond by SriLankan Airlines. The full statement is reproduced below:- Fitch Rates SriLankan Airlines’s Guaranteed USD Bonds ‘BB-(EXP)’ Fitch Ratings-Singapore/Colombo-17 June 2014: Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar denominated […]
Sri Lanka shares close flat
June 17, 2014 (LBO) – Sri Lanka’s shares closed flat Tuesday despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 0.31 points higher at 6,344.41. The S&P SL20 closed 0.40 points higher at 3,521.07, up 0.01 percent. Turnover was 1.08 billion rupees, up from 957.31 million rupees a day earlier […]
Crane Arrival
June 17, 2014 (LBO) – Sri Lanka Ports Authority said its new port in Hambantota had received try ship-to-shore gantry cranes and one rubber tyred transfer crane from China.Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) is built with Chinese finance.
Vehicle Trend
June 17, 2014 (LBO) – Sri Lanka’s car, sports utility vehicles and motor bike registrations were up in May 2014 from a year earlier, but commercial vehicle were sharply down amid lease defaults.An analysis of Sri Lanka’s vehicle registry data by JB Securities, an equities brokerage showed that total new registrations fell 3.3 percent to […]
”: S&P
June 17, 2014 (LBO) – A planned 5-year government guaranteed international bond SriLankan Airlines has been rated ‘B+’, the same as Sri Lanka’s sovereign rating, Standard & Poor’s said. Bloomberg newswires, a news agency, citing an unnamed source said Standard Chartered has been hired by SriLankan to organize meeting with investors in Asia and Europe […]
Sri Lanka indigenous community to get electricity
June 17, 2014 (LBO) – A remote area where indigenous original inhabitants of Sri Lanka are living will get electricity later this month, as plans are on track to electrify the entire island, the power ministry said. Sri Lanka’s indigenous people are known as Veddah’s while they refer to themselves as Wannielaaththo or people of […]
Football: German-born Brooks gives USA memorable win over Ghana
NATAL, June 17, 2014 (AFP) – German-born United States defender John Brooks came off the bench to stun Ghana with a late winner in a 2-1 victory in Natal on Monday to put a huge dent in the 2010 World Cup quarter-finalists hopes of emulating that feat this time round.Ghana showed improvement after the break, […]
Cricket: Sri Lanka hold out for dramatic draw with England
LONDON, June 16, 2014 (AFP) – Sri Lanka tail-ender Nuwan Pradeep survived the final five balls of the match as the tourists clung on for a thrilling draw with England in the first Test at Lord’s on Monday. Cook, predictably, declared on England’s overnight 267 for eight after left-hander Gary Ballance had reached his maiden […]
US condemns Sri Lanka nationalist violence
June 16, 2014 (LBO) – The United States has condemned nationalist violence that has left at least three people dead and dozens injured with Muslim house and shops burnt. The statement is reproduced below: U S. Embassy Statement on Aluthgama & Beruwela Violence The U.S. Embassy condemns the violence that has spread over the weekend […]
Fresh religious nationalist violence in Sri Lanka coastal town – Update
ALUTGAMA, June 17, 2014 (AFP) – More deadly violence flared in a Sri Lankan coastal resort where Buddhist hardliners set shops and homes alight for a second night running in defiance of a curfew, police and residents said Tuesday.Amid mounting international concern at the unrest, residents of a town which has borne the brunt said […]
Sri Lanka credit will grow faster if long-term rates fall: Deputy Central Bank Governor
June 17, 2014 (LBO) – Sri Lanka credit growth will accelerate if longer term lending rates fall further, Deputy Governor Nandalal Weerasinghe said.Sri Lanka’s inflation in the past 12-months have been in the lower single digits, though inflation spiked to near 10 percent in 2012, amid steep currency depreciation. Central Bank Governor Nivard Cabraal told […]
Sri Lanka shares close up 0.1-pct
June 16, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent higher on Monday starting the week on a positive territory, brokers said. The Colombo benchmark All Share Price Index closed 6.88 points higher at 6,344.10 up 0.11 percent. The S&P SL20 closed 15.64 points higher at 3,520.67, up 0.45 percent. Turnover was 957.31 million […]