Category:
Standard Rating
Aug 29, 2008 (LBO) – Sri Lanka’s Standard Chartered Bank (SCBSL) branch has been given a AAA(lka) rating with a ‘stable’ outlook, Fitch Ratings said. Fitch said the rating reflected the financial strength of Standard Chartered A+ international rating which is higher than the B+ sovereign foreign currency rating of Sri Lanka. Fitch said the […]
Sri Lanka seeks to boost exports of specialty teas
Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]
Bomb blast in Sri Lanka capital wounds 45: hospital
August 30, 2008 (AFP) – A powerful bomb ripped through a busy commercial area of Sri Lanka’s capital Colombo on Saturday, wounding 45 people, police and doctors said.The bombing in Colombo’s Pettah area came a day after Tiger rebels accused government forces of setting off a roadside bomb and killing two civilians inside guerrilla-held territory. […]
Blast in Sri Lanka capital
August 30, 2008 (AFP) – A bomb went off in the Sri Lankan capital Colombo on Saturday, wounding at least 30 people, police and hospital sources said. A package left near a fruit vendor exploded in Pettah, the main commercial hub of the capital, police said, adding that the blast was also near the main […]
Second Malaysian tanker hijacked in Gulf of Aden: company
KUALA LUMPUR, August 30, 2008 (AFP) – A second Malaysian tanker carrying petrochemicals has been hijacked by pirates in the Gulf of Aden, the vessel’s owner said in a statement Saturday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The MT Bunga Melati 5 with 41 crew […]
Sri Lanka in consolation win against India
August 29, 2008 (AFP) – Nuwan Kulasekara wrecked India’s top order with a career-best haul of 4-40 to bowl Sri Lanka to a consolation 112-run victory in the fifth and final one-day international here on Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India, who already […]
Sri Lanka shares sag, profit taking on property stocks
Aug 29, 2008 (LBO) – Sri Lankan shares ended weaker Friday with the indices pulled down by losses in heavyweight telecom counters and profit taking seen in property stocks that rose on speculation, brokers said. Several stocks in the land and property sector had been heavily traded in recent days with their prices swinging sharply. […]
Port Move
Aug 29, 2008 (LBO) – The chairman of the Sri Lanka Ports Authority (SLPA) Saliya Wickramasuriya said he will be resigning from his post for personal reasons at the end of this month. It was not immediately clear who his successor would be.Wickramasuriya said ports and aviation minister Chamal Rajapaksa had accepted his letter of […]
Dealer Rating
Aug 28, 2008 (LBO) – Fitch Sri Lanka said it had downgraded the national long term rating of First Capital Treasuries, a primary dealer in government securities, to ‘A- (lka)’ from ‘A(lka)’ and also withdrawn the rating at the request of the company. “FCT was the only independent primary dealer to have carried a rating […]
Exter Oration
Aug 29, 2008 (LBO) – John Exter, the founding Governor of the Central Bank of Ceylon (as the Bank was called at that time) was indeed a unique history maker on many counts . John Exter had an illustrious academic as well as a professional career. He graduated from Wooster College and entered both Fletcher […]
Sri Lanka aviation expert slams govt international airport plan
Aug 29, 2008 (LBO) – Sri Lanka risks losing a race with south Indian airports to become an aviation hub in south Asia owing to misguided plans by politicians to build a second international airport, an aviation expert has warned. As this requires that the largest aircraft should be able to land, a runway 4,000 […]
Indian economic growth slows to 7.9 pct: official data
NEW DELHI, August 29, 2008 (AFP) – India’s high-flying economy expanded by a slower-than-expected 7.9 percent in the first quarter as stiff anti-inflation measures hit demand, official data showed Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The figure for the three months to June was […]