Fitch Ratings has assigned Sampath Leasing and Factoring limited a ‘A(lka)’ National Long-Term rating.
The Outlook is Positive.
Fitch says, the rating reflects it’s expectation of continuous support from SLFL’s parent – Sampath Bank PLC, given the strong strategic and operational linkages between the two entities.
The agency also says, Sampath Leasing and Factoring also benefits from business [...]
April 24, 2012 5:15 PM | Posted in
Business & Finance |
Read More »
The All Ceylon Jamiyyathul Ulama and the Muslim Council of Sri Lanka says they are deeply concerned over the misinformed and misleading statement made by M.L.A.M. Hizbullah, Deputy Minister of Child Development & Women’s Affairs over the Dambulla incident.
In a joint media release the ACJU and MCSL says, that the claim made by the Minister [...]
April 24, 2012 3:13 PM | Posted in
Politics |
Read More »
Sri Lanka’s rupee fell to Rs. 132.10 against the US dollar this morning thus marking a record low for the local currency, which dealers attribute occurred owing to high demand for import dollars.
“This week, compared to recent weeks, there was high demand for import dollars” said a Bank dealer.
However, by this afternoon, the rupee was [...]
April 24, 2012 2:07 PM | Posted in
Economy |
Read More »
Sri Lanka’s John Keells Group which holds a 29.9% stake in Nations Trust Bank PLC has requested an extension of the deadline from the Central Bank to reduce its stake in the Bank.
In a stock market filing, John Keells announced that the Monetary Board of the Central Bank has directed it to reduce its shareholding [...]
Colombo Stock Exchange made losses today as the All Share Price Index fell 2.07% to close at 5,455 points.
Market turnover reached a figure of Rs. 246 million while the volumes traded amounted to 25.76 million shares.
139 shares saw prices falling while only 44 shares made gains.
Foreigners were net sellers and there was a net foreign [...]
April 23, 2012 6:09 PM | Posted in
Markets,
Stock Market |
Read More »
Minister Douglas Devananda has threatened to take around 5,000 fishermen to India in a bid to protest against poaching by Indian fisherman in the Sri Lankan waters.
Devananda’s office says, the aim is to give a message to India that the poaching by Indian fishermen in Sri Lankan waters has affected the livelihood of the local [...]
April 23, 2012 1:48 PM | Posted in
Other,
Diplomacy,
Economy |
Read More »
President Mahinda Rajapaksa who left to South Korea on a four day official visit has arrived in Seoul Air Base in Seoul.
On his arrival to the country, the President and the first lady Shiranthi Rajapaksa was welcomed by the South Korean vice Foreign Minister Kim Sung-han.
Minister of External Affairs, Professor G.L. Peiris, Secretary to the [...]
April 23, 2012 12:55 PM | Posted in
Other,
Diplomacy,
Politics |
Read More »
Fitch Ratings Lanka has assigned Singer PLC’s proposed commercial paper issue of up to Rs. 1 billion a National Short-Term rating of ‘F1(lka)’.
Fitch has also assigned Singer’s senior unsecured notes of up to Rs. 500 million a National Long-term rating of ‘A(lka)’ with a ‘Stable Outlook’.
The agency says, the ratings reflect Singer’s market position as [...]
Sri Lankan, Indian and Maldivian Navy will commence a joint Naval Exercise starting from today to enhance the mutual operational capability and cooperation.
The 5 day exercise which will be conducted in the Maldivian seas will focus on Maritime Search and Rescue, Marine Pollution Response and Boarding Operations.
SL Navy’s website says, the exercise will pave the [...]
Tamil Leaders in Sri Lanka only wanted a political solution within the framework of a united Sri Lanka and no one has raised the issue of a separate Tamil Eelam, says T.K. Rangarajan an MP of CPI(M), who was part of the Indian delegation to Sri Lanka last week.
When the Indian media has asked about [...]
April 23, 2012 9:48 AM | Posted in
Politics |
Read More »
