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Top Gear
Mar 04, 2011 (LBO) – A new expressway in southern Sri Lanka that will be partly open by the middle of this year will be confined only to fast-moving vehicles with slow-moving ones like auto-rickshaws and tractors banned, an official said. R W R Pemasiri, director-general of the Road Development Authority, said the 126-kilometre southern […]
Health Business
Mar 04, 2011 (LBO) – India’s Fortis Healthcare group has bought a stake owned by Sri Lanka’s Distilleries in Lanka Hospitals, formerly part of the Indian Apollo chain, for 3. 98 billion rupees as part of a recent acquisition spree. Fortis Healthcare Global Holding bought 64 million shares or a 28. 6 percent stake of […]
Cricket Fakes
March 3, 2011 (AFP) – Sri Lankan police on Thursday detained 15 people and seized hundreds of fake items of 2011 cricket World Cup merchandise being sold in and around the capital Colombo. The Colombo Crimes Division raided shops in Colombo and the suburban Maharagama area, seizing T-shirts, caps and other memorabilia, following a complaint […]
NewsPad
NEW YORK, March 4, 2011 (AFP) – The Daily, the digital newspaper created for Apple’s iPad by Rupert Murdoch’s News Corp., has tallied hundreds of thousands of downloads since its launch a month ago, its publisher said Thursday. “It’s going great,” Greg Clayman said at the paidContent 2011 conference in New York. “We’re not disclosing […]
Sri Lanka coast guard to deploy craft against Indian poachers
Mar 04, 2011 (LBO) – Sri Lanka’s coast guard is to deploy it’s growing fleet of craft against Indian fishermen poaching in the island’s northern waters, an official said. The coast guard this week took delivery of a patrol boat built by the navy and is to get more craft, including four fast patrol boats […]
‘s Malinga
March 4, 2011 (AFP) – Defending champions Australia insist they have a plan to tackle Sri Lanka’s record-breaking Lasith Malinga in Saturday’s mouth-watering World Cup clash. The co-hosts are considering playing all their three spinners — Muttiah Muralitharan, Ajantha Mendis and Rangana Herath — but Australia captain Ricky Ponting said his team is braced for […]
Captain Afridi saves Pakistan from Canada
NEW DELHI, March 3, 2011 (AFP) – Captain Shahid Afridi saved Pakistan from following England into the World Cup dunces corner with a nerveless display of leg-spin to shatter Canada’s hopes of a famous triumph on Thursday. Just a day after Ireland had clinched a record-breaking win over England, Canada were dreaming of a similar […]
Gas Share
Mar 04, 2011 (LBO) – Sri Lankan liquid petroleum gas supplier Laugfs Gas is to lose exclusive rights to buy the entire LPG production of the state oil refiner Ceylon Petroleum Corporation, a government statement said. The supply deal with the CPC is also under an order of the Supreme Court and Laugfs also relies […]
Jet Fuel
Mar 04, 2011 (LBO) – Sri Lanka is to expand to three million litres storage capacity at an aircraft refuelling facility in a new international airport being built in the south, a petroleum ministry statement said. The state-owned refiner, Ceylon Petroleum Corporation, is to design and fund the aircraft hydrant refuelling system at the Maththala […]
Sri Lanka stocks tumble 2.34-pct
Mar 03, 2011(LBO) – Sri Lankan stocks fell sharply Thursday with losses seen across the board including in index heavy stocks in retail-driven trading, brokers said. In November 2010, the Securities Exchange Commission said it has extended a deadline to cut credit given by brokers to their clients by six months to June 2011, with […]