Category:
Freedom
COLOMBO, April 13, 2013 (AFP) – Gunmen opened fire and torched the office of the main Tamil newspaper in northern Sri Lanka on Saturday, the owner said, the latest in a wave of attacks against privately-owned media in the country.Three armed men carried out the pre-dawn arson attack on the Uthayan office and printing press […]
Speed
Apr 13, 2013 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia’s Axiata group said its mobile broadband subscribers grew 44 percent to 455,000 in 2012. The group has a mobile subscriber base of 7.7 million. Last month the company launched fourth general mobile broadband with FD-LTE technology, which it said was the first […]
Sri Lanka Hayleys to sell Rs2.0bn debt
Apr 12, 2013 (LBO) – Sri Lanka’s Hayleys Plc, a diversified group will sell 2.0 billion rupees of listed unsecured debt which will have been rated ‘AA-‘ by RAM Ratings Lanka. RAM said the group’s business was diversified with strong markets in gloves and activated markets. But the group’s debt had increased 30 percent year-on-year […]
Agency
Apr 12, 2013 (LBO) – A Sri Lankan legislator has alleged that a public relations firm hired by Sri Lanka to lobby American politicians and others, has misled the US government in a mandatory disclosure by providing wrong information.Harsha de Silva, an opposition legislator said Thompson Advisory Group of Washington is being paid 100 million […]
Sri Lanka state airlines lose Rs21.5bn in 2012
Apr 12, 2013 (LBO) – State-run Sri Lankan Airlines and Mihin Lanka, a budget carrier had continued to hemorrhage cash losing 21.5 billion rupees in 2012, with losses since ending Emirates management totaling 58.7 billion rupees, official data shows.Over the last two years, SriLankan has received 100 million dollars in annual tax payer capital injections. […]
‘t panic: South Korea envoy in Sri Lanka
Apr 12, 2013 (LBO) – Sri Lankans working or with relatives in South Korea, should not be “excessively anxious” about sabre rattling by the North as many soldiers are spring farming and not mobilizing for war yet, Seoul’s envoy to Colombo said.There were 25,000 Sri Lankans in Korea, among 230,000 foreign guest workers. Jongmoon Choi […]
‘s savings ratio to go up if state firms cut losses
Apr 12, 2013 (LBO) – Sri Lanka’s domestic savings ratio will be boosted if large losses in state enterprises are reduced, Central Bank deputy Governor Nandalal Weerasinghe said. In 2012, Sri Lanka had a domestic savings rate of 17.0 percent of gross domestic product with the central government running a current account deficit (dis-saving) of […]
” Fitch Rating
Apr 11, 2012 (LBO) – Singer Sri Lanka Plc, a consumer durables firm will sell 1.5 billion rupees of senior debt which has been given an expected ‘A(lka)’ rating, Fitch Ratings said. Fitch had also confirmed an ‘A(lka)’ rating of the company. The outlook is stable. Singer will use the money from the debenture to […]
‘s Hatton National Bank to sell Rs4bn debt
Apr i1, 2013 (LBO) – Sri Lanka’s Hatton National Bank Plc is planning to sell 4.0 billion rupees of subordinated debt, which has been rated ‘A+(lka)(EXP)’ one notch below its long term rating, Fitch Ratings said. Rating Action Rationale The proposed debentures are rated one notch below HNB’s National Long-Term rating of ‘AA-(lka)’ to reflect […]
Port Profits
Apr 11, 2012 (LBO) – Operating profits at Sri Lanka Ports Authority (SLPA) rose 57.8 percent to 13.1 billion rupees partly helped by rupee despite a slight reduction in container handling, a state report said.In the past the ports authority had suffered losses due to the appreciation of the yen against the dollar as the […]
Networked
Apr 11, 2013 (LBO) – Sri Lanka has moved up two places in a ranking compiled by the World Economic Forum, which measures how well information communications technologies are used by the people to 69, just behind India.Last year Sri Lanka was 71 out of 142 countries.Sri Lanka moved up in 2013 out of 144 […]
British Airways flights to Sri Lanka from April 15
Apr 11, 2013 (LBO) – British Airways will resume flights to Sri Lanka from April 15 thrice a week via Maldives using Boeing 777-200 equipment, the airline said. The airline is flying to Sri Lanka after gap of 15 years. Britain is Sri Lanka’s second largest source of tourists after India with 114,000 visitors in […]