Category:
Parental Support
Sept 29, 2011 (LBO) – Fitch Ratings Lanka has confirmed DFCC Vardhana Bank Limited’s (DVB) National Long-Term Rating at ‘AA-(lka)’ with a stable outlook. The rating agency has also confirmed the bank’s subordinated debentures at ‘A+(lka)’. “The ratings reflect Fitch’s expectation that support would be forthcoming from its parent, DFCC Bank, should it be required,” […]
Sri Lanka waters among most dangerous for sea turtles: study
MANILA, September 29, 2011 (AFP) – The waters around India, Bangladesh and Sri Lanka are home to the world’s most endangered sea turtles, according to a study released Thursday aimed at setting a blueprint for global conservation. While it was well known that almost all sea turtle species face extinction, the study by 30 scientists […]
Japan tsunami was wake-up call for S. Asia: expert
SEOUL, September 29, 2011 (AFP) – Japan’s March tsunami was a wake-up call for Indian Ocean nations still restoring their coastlines after a massive wave struck in December 2004, an expert said Thursday. “This year’s tsunami heightened awareness among all MFF countries that they are still vulnerable,” said Donald Macintosh, senior adviser to a group […]
SriLankan Airlines plane detained in Paris
Sept 29, 2011 (LBO) – A SriLankan Airlines aircraft was detained at Charles De Gaulle Airport in Paris last Friday after it failed to meet European safety standards, an airline statement said. “Arrangements were also made to assist all passengers to continue their onward journeys on other airlines without much delay,” the airline said. Passengers […]
Sri Lanka detains asylum seekers expelled by Britain
September 29, 2011 (AFP) – Sri Lanka’s police detained 50 failed asylum seekers flown back to the country Thursday after being expelled from Britain, police said. Eight women and 42 men — mostly ethnic minority Tamils– were deported by Britain’s Border Agency, which chartered an aircraft to return them home after they failed in a […]
Sri Lanka had BOP surplus by end July: Central Bank
Sept 29, 2011 (LBO) – Sri Lanka had recorded a balance of payments surplus of 1,006 million US dollars by July 2011, with official foreign reserves climbing to 8,099 million US dollars, the Central Bank said. Foreign inflows to the state, including a billion dollar sovereign bond was 2,754 million US dollars and foreign direct […]
Sri Lanka to close prisons for commercial development
Sept 29, 2011 (LBO) – Sri Lanka will shift several prisons in prime city centres including the capital Colombo to make way for commercial development, minister Keheliya Rambukwelle said. Matara and Galle prisons will be shifted to Pitabeddara in the Matara district. The cabinet of ministers had approved a proposal by the prison reforms ministry […]
”: New York mayor
NEW YORK, September 28, 2011 (AFP) – Visa policies that keep skilled workers from settling in the United States amount to “national suicide,” New York Mayor Michael Bloomberg said Wednesday. “These businesses will hire American workers, and immigrants are more than twice as likely as those born in America to start a new company,” he […]
Sri Lanka bill yields steady
Sept 28, 2011 (LBO) – Sri Lanka’s Treasury bill yields edged up one basis points across maturities with the 3-month yield moving to 7. 15 percent, data from the state debt office showed. The 6-month yield moved one basis points to 7. 23 percent and the 12-month yield moved to 7. 31 percent. The debt […]
Sri Lanka stocks end down 0.4-pct
Sept 28, 2011 (LBO) – Sri Lankan stocks closed weaker Wednesday after being stagnant for two days on rather thin turnover, brokers said. The main All Share Price Index fell 0.40 percent (27.01 points) to 6,710.67, while the more liquid Milanka index fell 0.47 percent (28.21 points) to close below the 5,000 mark at 5,999.28, […]
Vehicle Strategy
Sept 28, 2011 (LBO) – The Sri Lankan agency for South Korea’s KIA Motors is to set up three more service stations within the Colombo metropolitan region and then go outside the capital as sales soar. KIA Motors (Lanka) has said it is to invest about a billion rupees in the next three years to […]
Finance Offer
Sept 28, 2011 (LBO) – An initial public offer by Sri Lanka’s Trade Finance and Investments Limited (TIFL) was over-subscribed on the opening day Wednesday. Corporate Services (Pvt.) Ltd, registrars to the offer, told the Colombo Stock Exchange that the IPO would be closed at 4. 30 p.m. Wednesday. Trade Finance and Investments offered six […]