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Sri lankan's Unbiased Online Daily

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The Colombo Times - Business News
Fitch Affirms Singer's Ratings at 'A-(lka)'; Removes RWN and Assigns Stable Outlook PDF Print
Friday, 06 November 2009 14:13


Fitch Ratings-Colombo/Singapore-06 November 2009: Fitch Ratings has today affirmed the National Long-term rating for Singer (Sri Lanka) PLC's (SSP) senior unsecured notes at 'A-(lka)'. The agency has simultaneously removed the Rating Watch Negative (RWN) on the notes and assigned a Stable Outlook.

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FBI charge 14 over alleged Galleon insider trading PDF Print
Friday, 06 November 2009 00:19

Criminal charges have been filed in the US against 14 individuals linked to the alleged insider dealing scheme involving billionaire hedge fund manager Raj Rajaratnam, the Sri Lanka-born philanthropist who has been let out on $100m (£60m) bail.

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Sri Lanka follows Indian move to buy gold PDF Print
Friday, 06 November 2009 00:18

By Joe Leahy in Mumbai   -  The Sri Lankan central bank is buying gold to diversify its reserves and smooth out periods of dollar volatility, Ajith Nivard Cabraal, central bank governor, said.

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Micro cotton towel producer appoints agent in Sri Lanka PDF Print
Friday, 06 November 2009 00:16

Sharadha Terry Products Ltd, a manufacturer of Micro Cotton Towels has appointed PromoLanka Marketing, a Sri Lanka based importer and wholesaler of a comprehensive and diverse range of products, varying from home textiles, glassware to crockery as its exclusive distributor in the island country.

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Oman Air to start flts from Nov 18, settles dispute PDF Print
Friday, 06 November 2009 00:09

Sri Lanka and Oman have settled a dispute over the resumption of flights by Oman Air and the West Asian airline is now due to beign flights between the two countries from November 18, officials said on Thursday .

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