All Blogs
Aravinda De Silva hits out at Sri Lanka soft centre
March 22, 2011 (AFP) – World Cup winner Aravinda de Silva believes Sri Lanka’s misfiring middle order could be the weakest link in Saturday’s quarter-final clash against England. De Silva, who is now the team’s chief selector, also said the day-night match at the R. Premadasa stadium will be “tough”, with the toss playing a […]
Sri Lanka shares close down 0.40-pct
Mar 21, 2011 (LBO) – Sri Lankan shares sank again Monday, extending Friday’s losses in choppy trade, with a large private deal in Central Finance, which was among top gainers, boosting turnover, brokers said. The All Share Price Index closed at 7,156. 33, down 0.40 percent (28.61 points) while the more liquid Milanka index fell […]
Radiation Check
Mar 21, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) said it is using scanners installed under an American counter-terrorism initiative to scan cargo from Japan at Colombo port for radiation. The scanners can detect radioactive materials inside containers. The Colombo port scanning was prompted by the release of radiation into the atmosphere from […]
Debt Rating
Mar 21, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance Company’s (SFC) proposed senior unsecured redeemable listed debentures of up to a billion rupees a ‘BBB+(lka)’ rating. The company was established in 1968 by the Balasuriya family, who owns 90 percent of SFC’s equity. The agency has simultaneously confirmed SFC’s National Long-Term rating […]
Sri Lanka has space to increase tuna catch: IOTC chief
Mar 21, 2011 (LBO) – Sri Lanka can increase its catch but within the framework of the Indian Ocean Tuna Commission (IOTC) in which competing interests will have to make trade-offs, the head of the regional fisheries body said. Rondolph Payet, chairman of IOTC, said a proposal by the Seychelles on tuna quotas at the […]
Tea Help
Mar 21, 2011 (LBO) – Sri Lanka’s tea exporters have given three million tea bags to the people hit by a tsunami and earthquake in Japan. Chairman of Sri Lanka’s tea exporter’s association Jayantha Keragala had handed over the tea to President Mahinda Rajapaksa to be sent to Japan, a statement from the president’s office […]
Sri Lanka A320 flight simulator targets regional business
Mar 21, 2011 (LBO) – State-run SriLankan Airlines said had teamed up with Nederland-based SIM Industries to offer flight simulator services on Airbus A320 aircraft to the growing Indian subcontinent market. “The A320 family of aircraft is favoured for mid-range routes among airlines worldwide, including those in the rapidly growing airline industry of the Indian […]
‘s access to electricity
Mar 21, 2011 (LBO) – Sri Lanka has been included in programme to promote greater access to clean energy for poor rural women in South Asia funded by the Asian Development Bank (ADB) and the government of Japan. “This project will support the mainstreaming of gender-related concerns and approaches in a sector which has largely […]
Sri Lanka CPC to end cut-priced fuel to power utility
Mar 21, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation will end the sale of subsidized fuel to Ceylon Electricity Board (CEB), a state power utility, a report said, amid a controversy over the financial performance of the two entities. The usual excuse has been that they are doing a ‘service’. Meanwhile state energy […]
India set up World Cup thriller with Aussies
NEW DELHI, March 20, 2011 (AFP) – India will play defending champions Australia in a mouthwatering World Cup quarter-final clash after the hosts battled back to beat the West Indies comfortably on Sunday. India scored 268 thanks largely to a century by in-form Yuvraj Singh but lost their last six wickets for just 36 runs, […]