Category:
Sri Lanka treasuries yields shoot up as dollar honeymoon ends
Nov 21, 2007 (LBO) – Sri Lanka’s benchmark 3-month Treasury yields shot up 33 basis points to 16.07 percent Wednesday, ending a near month long honeymoon from a sovereign bond that made markets liquid and sent rates plummeting. Due a flaw in Sri Lanka’s monetary law the Central Bank could be used by the government […]
Vital Links
Nov 21, 2007 (LBO) – Sri Lanka is in danger of losing an opportunity to emerge as a logistics hub for the south Asian region unless it acts to improve port efficiency, fast track infrastructure projects and cut red tape, officials said Wednesday. “Apart from peace, the most important requirement for Sri Lanka is logistics,” […]
KE Strategy
Nov 21, 2007 (LBO) – Sri Lanka could boost economic activity and social well-being through a knowledge economy (KE) strategy that makes better use of ‘grey matter’ the World Bank has said. “With globalization and the technological revolution of the last few decades, knowledge has clearly become the key driver of competitiveness and is now […]
Dubai port firm nets 4.96 billion dollars in IPO
DUBAI, Nov 21, 2007 (AFP) – Dubai port operator DP World said on Wednesday that the proceeds of its initial public offering (IPO) totalled 4.96 billion dollars, making it the largest ever in the Middle East. The world’s fourth largest container port operator said the IPO priced its shares at 1.30 dollars — the top […]
Oil prices breach 99 dollars
SINGAPORE, Nov 21, 2007 (AFP) – Oil prices rose above 99 US dollars per barrel in Asian trade on Wednesday, within striking distance of the 100-dollar level as the greenback slumped further, dealers said. Concerns over tight global supplies was also helping push prices up, they said. In early morning trade New York’s main contract […]
Sri Lanka hammer England in tour opener
Nov 21, 2007 (AFP) – England’s bowlers got a taste of the perils that await them in the upcoming Test series as Sri Lanka’s second-string battered them in a practice match here on Wednesday.The Sri Lanka Cricket XI batted through the second consecutive day to take their overnight total of 218-3 to 500-5 declared by […]
Sri Lanka editor says torching of press is cowardly
COLOMBO, Nov 21, 2007 (AFP) – Unidentified gunmen stormed a pro-opposition newspaper office in Sri Lanka on Wednesday and set fire to the printing presses, police said.More than a dozen armed men started the blaze after breaking into the Sunday Leader newspaper building — which is within a high-security air force complex on the edge […]
Sri Lanka independent newspaper press set on fire; rights body outraged
Nov 21, 2007 (LBO) – An armed group wearing masks that entered the premises of an independent Sri Lankan newspaper house has set on fire and destroyed its printing press early Wednesday morning.“FMM urges civil society and political society who uphold freedom of expression to come forward at this time in defence of people’s right […]
Most Preferred
Nov 20, 2007 (LBO) – A Sri Lanka government panel has decided to start negotiations with the front runner for a new container terminal in Colombo with a Port of Singapore Authority and Aitken Spence bid being hot favourites to win the deal, officials said. The cabinet appointed negotiating committee (CANC), which made its decision […]
Investment Grade
Nov 20, 2007 (LBO) – Senkadagala Finance (SF) has seen slower lending and faster growth in higher purchase loans, Fitch Ratings Lanka said, confirming the finance company’s ‘BBB+(lka) investment grade rating. . “The rating reflects SF’s strong profitability and comfortable capitalisation as well as its medium sized asset base and limited revenue and funding diversity,” […]
Airline passengers prefers more self-service: IATA
Nov 20, 2007 (LBO) – Airline passengers increasingly prefer to do their own ticketing and checking in at airports, according to a global survey by the International Air Transport Association (IATA). The preference for self-service was revealed in IATA’s annual Corporate Air Travel Survey of over 10,000 active travellers, which shows passengers are demanding more […]
British television sweeps international Emmy awards
NEW YORK, Nov 19, 2007 (AFP) – Britain swept the international Emmy awards for excellence in television late Monday, picking up seven top awards at a gala ceremony in New York that also honored former US vice president Al Gore. The International Academy of Television Arts and Sciences is the largest organization of broadcasters in […]