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Sri Lanka power utility gets new GM
Oct 10, 2013 (LBO) – Shavindranath Fernando, head of projects at state-run Ceylon Electricity Board has been appointed its general manager, the power ministry said. S K Mohideen, had retired as general manager on October 09. Fernando had joined the CEB in 1979.
‘s Fernando challenges FIFA over life ban
COLOMBO, October 10, 2013 (AFP) – Sri Lanka’s former football chief Manilal Fernando will challenge an “unfair and harsh” life ban imposed on him by FIFA for corruption, lawyers said Thursday.Fernando, a former member of the FIFA executive board, will appeal to the Court of Arbitration for Sport after seeing an earlier ban for eight […]
”’ target foreign miners in rising nationalism
ULAN BATOR, October 10, 2013 (AFP) – A silver swastika hanging around his neck, Boldbaatar Gombodorj points out his targets on a map of Mongolia like a World War II commander: little flags representing foreign mining firms that he and fellow “eco-Nazis” accuse of destroying their country.Mongolia’s mining boom has brought the vast, sparsely populated […]
Sri Lanka growth encouraging, forces in equilibrium: CB Governor
Oct 10, 2013 (LBO) – Sri Lanka’s central bank is encouraged by economic activity so far and the focus is shifting to the next year, Governor Nivard Cabraal said.Consumer prices rose 6.2 percent in the year to September, slowing from a month earlier and the widely watched Colombo Consumer Price Index fell absolutely during the […]
Sri Lanka HSBC unit appointed primary dealer in gilts
Oct 09, 2013 – Sri Lanka’s branch of Hong Kong and Shanghai Banking Corporation has been appointed a primary dealer in government securities.The Central Bank said the new dealers will start operations from October 14. A primary dealer can directly participate in auctions of Treasury securities.
Sri Lanka Treasuries yields ease
Oct 08, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield falling 02 basis points to 10.50 percent, data from the state debt office showed. The 6-month yield fell 02 basis points from two weeks ago to 8.58 percent. Last week bids for both 3 and 6 months were […]
Sri Lanka stocks up 0.21-pct, rupee steady
Oct 09, 2013 (LBO) – Sri Lanka stocks closed 0.21 percent higher with foreign investors interest while domestic speculative play was seen on some stocks, brokers said. The Colombo benchmark All Share Price Index closed 12.90 points higher at 5,909.95, up 0.22 percent, after reaching an intraday high of 5,932.32, provisional data showed. The S&P […]
No Bribery
Oct 08, 2013 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco has denied media reports which gave the impression that it had attempted to bribe the island’s health minister to stop pictorial health warnings.Sri Lankan media carried reports last month attributed to health minister Maithripala Sirisena that the tobacco industry had attempted […]
‘s Bharti end joint venture
MUMBAI, October 9, 2013 (AFP) – Global retail giant Walmart and Indian firm Bharti said on Wednesday they were ending their partnership in the country’s retail sector and would now operate separate businesses.The companies said in a joint statement that they would “discontinue their franchise agreement in the retail business” in India and would “independently […]
Sri Lanka ex-skipper Dilshan ends Test career
COLOMBO, October 9, 2013 (AFP) – Sri Lanka’s former skipper and opening batsman Tillakaratne Dilshan is to retire from Test cricket but will remain available for shorter versions of the game, the country’s cricket board said Wednesday.Dilshan, who will be 37 on Monday, is due to hold a make a formal announcement at a press […]
Sri Lanka Commonwealth meet targets US$2bn in investments: official
Oct 09, 2013 (LBO) – A business forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka is targeting about 2 billion US dollars of investment leads, an official said.Foreign minister G L Pieris said Sri Lanka was showcasing its advantages of location, free trade deals with key economies and human resources […]
Sri Lanka mortgage lender to sell Rs2bn in debt
Oct 08, 2013 (LBO) – Sri Lanka’s HDFC Bank, a mortgage lender is planning to sell 2.0 billion rupees in secured debt. Fitch has rated the lender ‘BBB(lka)’ rating with a stable outlook. The Colombo Stock Exchange said it had approved the sale of 10 million 100 rupee debentures with an option to sell another […]