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Sri Lanka treasury bills rates unchanged
June 11, 2008 (LBO) – Sri Lanka sold 3.3 billion rupees of 6 and 12 month bills with the yields unchanged from last week, the government’s debt office said after Wednesday’s auction.The government did not offer 3-month bills.The 6-month yield was unchanged at 18.06 percent with the government selling 2.4 billion rupees worth bills. The […]
Sri Lanka stocks slip further, investors get ready for Janashakthi offer
June 11, 2008 (LBO) – Sri Lanka stocks slipped further on dampened sentiment with investors selling shares to raise funds for a forthcoming public offer by Janashakthi Insurance. The All Share Price Index fell 0.58 percent (14.32 points) to end at 2,474.93 while the more liquid Milanka was down 0.35 percent (10.45 points) to end […]
‘ah Leasing
June 11, 2008 (LBO) – Lanka Orix Leasing Company (LOLC), which introduced Islamic financing in Sri Lanka, says it wants to expand its portfolio to one billion rupees in one year, with growth so far relying on word-of-mouth publicity. “We are on a growth trend and we feel that the turbulence that we are seeing […]
Sri Lanka Tamil Tigers attack navy outpost
June 11, 2008 (AFP) – Tamil Tiger rebels destroyed a navy outpost in north-western Sri Lanka Wednesday, killing at least three sailors and losing four fighters of their own, the two sides said. Machine guns, mortars, a rocket-propelled grenade launcher, an anti-tank weapon and explosives were among the items seized, the website reported. The rebels […]
Sri Lanka Allianz unit offers title insurance
June 11, 2008 (PBO) “ The Sri Lanka unit of Allianz Insurance said Wednesday it has begun offering title insurance cover for property transactions by individuals and the corporate sector. “Property transactions in Sri Lanka can now have a title insurance cover to fall back on, in case something is wrong with the property’s title,” […]
”s Ranbaxy
TOKYO, June 11, 2008 (AFP) – Japanese pharmaceutical group Daiichi Sankyo Co. said Wednesday that it had agreed to buy a majority stake in India’s top drug company Ranbaxy Laboratories for up to 4.6 billion dollars. The deal reflects growing efforts by the world’s pharmaceutical giants to cope with fierce competition from generic drugmakers based […]
Scanners that see through clothing installed in US airports
NEW YORK, June 10, 2008 (AFP) – Security scanners which can see through passengers’ clothing and reveal details of their body underneath are being installed in 10 US airports, the US Transportation Security Administration said Tuesday.A random selection of travellers getting ready to board airplanes in Washington, New York’s Kennedy, Los Angeles and other key […]
Oil slumps in New York, perks in Asia
SINGAPORE, June 11, 2008 (AFP) – Oil prices rose again in Asia on Wednesday as the world’s biggest oil producers and consumers prepared to meet to discuss record crude prices which have sparked fears for the global economy. New York’s main oil futures contract, light sweet crude for July delivery, was 61 cents higher at […]
‘s torch relay becomes a mystery
BEIJING, June 11, 2008 (AFP) – China’s Olympic torch relay has become a mystery tour, with organisers refusing on Wednesday to disclose the dates of a planned journey though Tibet and other potentially sensitive legs.The torch’s trip through Tibet and other regions of western China where recent deadly unrest by Tibetans occurred was originally scheduled […]
Sri Lanka focuses on education to combat child labour
June 11, 2008 (LBO) – Sri Lanka will mark the World Day Against Child Labour this year on June 12 Thursday with activities to raise awareness about this year’s theme that education is the right response to child labour, the International Labour Organisation said. The ILO has estimated that some 165 million children between the […]
Sri Lanka Hayleys group stake changes hands
June 10, 2008 (LBO) – A six percent stake in Sri Lanka’s Hayleys group owned by Carson and Cumberbatch controlled companies was bought by businessman Dhammika Perera on the Colombo stock exchange Tuesday, brokers said. The Ceylon Investments Company sold a stake in Hayleys amounting to 1,822,632 shares while Ceylon Guardian Investment Trust sold 2,164,358 […]
Debt Tool
June 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) plans to get a credit rating that will enable it to borrow abroad to fund harbour expansion projects and better manage debt repayments, its chairman Saliya Wickramasuriya said. “Our debt portfolio needs to be managed properly. We may need to do some debt swapping. […]