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Mine blast kills nine sailors as Sri Lanka vows no war
Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with the guerrillas.Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with […]
‘s Tigers seek military upper hand ahead of talks
Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand over the military ahead of a new round of peace talks, analysts said Friday.Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand […]
Fitch Ratings downgrades State Mortgage & Investment Bank
Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability to maintain market share, Fitch said Thursday. Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability […]
Weak Knees
Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) from A+ (sri) on deteriorating asset quality and high exposure to interest rate risks, Fitch said Thursday. Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) from A+ (sri) on […]
South Asian Footprint
ICICI Bank, India’s second-largest bank by assets, commenced business in Sri Lanka Thursday, with an eye on getting a slice of the growing bi-lateral trade and inward remittance market, officials said.ICICI Bank, India’s second-largest bank by assets, commenced business in Sri Lanka Thursday, with an eye on getting a slice of the growing bi-lateral trade […]
More EU aid for Sri Lanka, if peace prevails.
European Commission (EC) pledges more aid for Sri Lanka, if peace prevails.European Commission (EC) pledges more aid for Sri Lanka, if peace prevails. A statement from the EC’s Commissioner for External Relations, Benita Ferrero-Waldner on Thursday, said the benefits of European aid and trade were dependent on peace. “Above and beyond the next Euro 50 […]
Eight killed in Sri Lanka blast
At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. Another eight sailors escaped with injuries in […]
Sri Lanka pledges not to start war
Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will salvage a truce with the guerrillas.Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will […]
Sri Lanka’s Ceylinco Leasing goes for debt and IPO
Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday.Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday. An initial public offering is on […]
‘s Ceylinco Leasing goes for debt and IPO
Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday.Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday. An initial public offering is on […]
Tamils step up pressure on Sri Lanka troops to quit
Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after the US warned them against returning to war.Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after […]
Return to war at high cost, US warns Sri Lanka’s Tigers
The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]