Category:
Name Change
Mar 01, 2010 (LBO) – Sri Lanka’s listed Seylan Merchant Bank said it was changing its name to SMB Holdings and splitting each existing share in to ten new shares, the firm said in a stock exchange filing. SMB was a subsidiary of listed Seylan Bank, which is under regulatory supervision following a run. On […]
Third Source
WASHINGTON, March 1, 2010 (AFP) – The Internet has become the third most popular news platform for American adults, trailing only local and national television stations, according to a survey released on Monday. Seventy-eight percent of the 2,259 adults surveyed for the Pew Research Center’s Internet & American Life Project and the Project for Excellence […]
Sri Lanka Janashakthi Insurance 2009 net up 46.3-pct
Mar 01, 2010 (LBO) – Sri Lanka’s Janashakthi Insurance’s net profits rose 46. 3 percent to 657 million rupees in 2009, helped by stronger underwriting results while investment income was flat, the firm’s annual accounts showed. Revenues rose 7.7 percent to 5.98 billion rupees. Gross written premium rose 6.6 percent to 5.70 billion rupees and […]
Sri Lanka Ceylinco Insurance Dec net up 137-pct, full year up 42-pct
Mar 01, 2010 (LBO) – Sri Lanka’s Ceylinco Insurance said net profits for the December 2009 quarter rose 137 percent to 356 million rupees from a year earlier while full year profits rose 42 percent to 691. 8 million rupees despite weaker premiums. For the full year revenues fell 3.0 percent to 19.50 billion rupees. […]
Prerequisites for making Sri Lanka (Gampaha District) a knowledge hub
Mar 01, 2010 (LBO) – Sri Lanka is to become a “Naval, Aviation, Commercial, Energy and Knowledge hub.” According to Basil Rajapaksa, the leader of the ruling coalition’s Gampaha District slate for the Parliamentary Elections, that District will be the site of the aviation and knowledge hubs. What is needed to achieve this vision ? And […]
Protest outside British embassy in Sri Lanka
March 1, 2010 (AFP) – Hundreds of Sri Lankan ruling party activists demonstrated outside the British High Commission in Colombo on Monday, denouncing what they called London’s support for Tamil separatists abroad. The protestors handed in a petition protesting against British Foreign Secretary David Miliband’s attendance last week at a meeting of expatriate Tamils whom […]
Sri Lanka bank chief on lawmaker list
March 01, 2010 (LBO) – Sri Lanka’s NDB Bank said its chief executive Eran Wickremaratne is on the so-called ‘national list’ of the main opposition United National Front for elections in April. The bank said in a stock exchange filing that more disclosures would be made in the future. The ‘national list’ gives a chance […]
”
March 01, 2010 (LBO) – Sri Lanka should not be given a “blank cheque” to revive its war-torn economy unless the political problem that generated the conflict is settled, an international non-governmental advocacy body has said. The ICG said donor governments and the UN should tie their aid to an end to impunity for human […]
Sri Lanka saltern seeks listing: report
Feb 28, 2010 (LBO) – A Sri Lankan saltern is planning to raise 200 million rupees from a public offering of equity to expand its capacity and build a new salt refinery, media reports said. Raigam Wayamaba Salterns Limited, was hoping to sell 80 million shares at 2.50 rupees by offering a 28.35 percent stake […]
Bank Numbers
Feb 28, 2010 (LBO) – Sampath Bank said its 2009 net group profits rose 36.8 percent to 2.0 billion rupees, while December quarter net was up 72.4 percent to 689 million rupees with higher interest rate spreads and fee income. The banking group said in a stock exchange filing December quarter interest income fell 6.2 […]
War Council
SAN FRANCISCO, February 28, 2010 (AFP) – US national security leaders and top cyber warriors from around the world are gathering here to plot defenses against criminals and spies that increasingly plague the Internet. Homeland Security Secretary Janet Napolitano and White House Cyber Security Coordinator Howard Schmidt will take part in this week’s RSA conference […]
Chile tsunami to reach Asia Sunday: warning centre
Feb 27, 2010 (LBO) – A tsunami generated by a large earthquake in Chile could reach the coasts of several Asian countries on Sunday, with Indonesia first in line at around 0300 Greenwich time followed by Japan and Philippines, a US government warning said. A Pacific Tsunami Warning Centre (PTWC) message says waves could reach […]