Category:
Car Parade
Mar 06, 2014 (LBO) – A British car day will be held on March 16, with classic cars and motorbikes dating back from the 1930s to be on parade in Sri Lanka’s capital Colombo.The owners will dress in “period outfits, adding to the authenticity of the event and bringing a touch of humor,” the organizer […]
Fast Phone
Mar 06, 2014 (LBO) – Sri Lanka’s Dialog Axiata said it had offering a 4G Smartphone to its own-brand range.Customers wanting to upgrade to the firms 4G-LTE network with burst speeds of up to 40Megabits per second could use the Dialog Q 143L Smartphone, the firm said in a statement. “Sri Lankan mobile users are […]
Los Angeles bans e-cigarettes in public places
LOS ANGELES, March 5, 2014 (AFP) – Los Angeles lawmakers voted Tuesday to ban e-cigarette use in public places where tobacco smoking is prohibited, including work places, restaurants and bars.The LA City Council agreed by 14-0 to outlaw their use in indoor workplaces, outdoor dining areas, parks, recreational areas, beaches, bars and nightclubs where lighting […]
‘s farmland returns to the wild
CAMPANARIOS DE AZABA, March 6, 2014 (AFP) – In an oak wood spanning the border of Spain and Portugal, an ancient sight unfolds: wild horses, not saddled or shoed, but roaming free as they did centuries ago.Farming has declined in Spain, leaving the countryside deserted, conservationists say. Now the wild things are coming back: wolves, […]
Sri Lankan bowlers restrict Bangladesh to 204-9
DHAKA, March 6, 2014 (AFP) – Sri Lanka bowled a tight line and length to restrict Bangladesh to a modest 204-9 in their last league match of the Asia Cup in Dhaka on Thursday.Spinners Ashan Priyanjan (2-11) and Ajantha Mendis (2-55) put the brakes on after Bangladesh won the toss and made a promising start, […]
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GENEVA, March 5, 2014 (AFP) – Sri Lanka on Wednesday dismissed a UN report calling for an international probe into allegations of war crimes at the end of its civil war as “fundamentally flawed.” Foreign Minister Gamini Lakshman Peiris said his government rejected a report from UN human rights chief Navi Pillay “in its entirety,” […]
Sri Lanka Treasuries yields steady
Mar 05, 2014 (LBO) – Sri Lanka’s short term Treasuries yields eased slightly while the 12-month yield was unchanged at 7.07 percent at Wednesday’s auction, data from the state debt office showed. The debt office sold 01 billion rupees of 3-month bills, 7.7 billion rupees of 6-month bills and 18.2 billion rupees in 12-month bills […]
” rating confirmed: Fitch
Mar 05, 2014 (LBO) – Fitch Ratings said it had confirmed a ‘BBB(lka)’ rating of Sri Lanka’s HDFC Bank, a mortgage lenders, with stable outlook. Fitch said the rating reflected a 51 percent ownership of the state which is expected to bring support. The ratings could be affected if it is merged or acquired by […]
‘s First Capital sells Rs500mn debentures
Mar 05, 2014 (LBO) – Sri Lanka’s First Capital Holdings Plc said it had raised 500 million rupees from a debt issue which was oversubscribed on the opening day. The company offered 5 million senior, unsecured, redeemable debentures of 100 rupees each. “We are greatly encouraged by the investor confidence implicit in the extremely positive […]
Sri Lanka stocks close flat; rupee pegged
Mar 05, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with index heavy stocks ending on thinner gains and the rupee was kept pegged at 130.60/65 preventing an appreciation, brokers and dealers said. The Colombo benchmark All Share Price Index closed 0.19 points lower at 5,936.43. The S&P SL20 closed 4.45 points lower at […]
Investment Chat
Mar 05, 2014 (LBO) – Sri Lanka’s Union Bank is talks with a foreign investor, TGP Asia VI L.P, for a possible sale of shares, the firm said in a stock exchange filing.The bank said it had received a “non-binding indicative term sheet governing further negotiations” over a share sale from TGP Asia. Any final […]
‘ AIA Insurance unit discloses values ahead of split
Mar 05, 2014 (LBO) – Sri Lanka’s AIA Insurance Lanka Plc said it had valued its general insurance business ahead of a split of life and non-life divisions under a regulatory requirement in the third quarter of 2014.AIA Insurance Lanka said it was using its “best and reasonable endeavors to brief shareholders of a possible […]