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July 22, 2010 (LBO) – Sri Lanka’s PC House is planning a 100 seat business process outsourcing centre in the island’s northern Jaffna peninsular to provide accounting and back office services to the international market, an official said. It already has a 200 seat BPO processing documents for the Sri Lanka government. Though Sri Lanka […]
‘s Muralitharan bows out with 800 Test wickets
GALLE, July 22, 2010 (AFP) – World bowling record holder Muttiah Muralitharan was given a presidential send-off on Thursday after he retired with 800 wickets in the bag. Sri Lankan President Mahinda Rajapakse flew in from the capital, Colombo, to the southern coastal town of Galle to briefly watch the first Test against India and […]
798-wicket Murali puts India on defensive
GALLE, July 21, 2010 (AFP) – Hosts Sri Lanka were well-placed to win the first Test against India after spin wizard Muttiah Muralitharan wreaked havoc in his final match on Wednesday. The world’s leading wicket-taker grabbed 5-63 in the first innings as India were forced to follow on after being shot out for 276 on […]
US urges Sri Lanka to improve rights, media freedom
July 21, 2010 (AFP) – The United States pressed Sri Lanka on Wednesday to improve human rights and media freedoms amid charges that security forces committed war crimes during the last days of the island’s civil war. During a one-day visit, US Assistant Secretary of State Robert Blake said reconciliation must play a key role […]
Sri Lanka shares head higher in record territory
July 21, 2010 (LBO) – Sri Lankan stocks edged higher into record territory Wednesday with investor sentiment buoyed by improved company earnings and private deals in Hatton National Bank boosting trading turnover, brokers said. The All Share Price Index closed at 4,857.57, up 1.06 percent (51.14 points) while the more liquid Milanka index rose 0. […]
River Yard
July 21, 2010 (LBO) – Sri Lankan ship builder Colombo Dockyard has begun building a ferry for passengers in the former northern war zone using a new yard on a river close to Colombo port, a statement said. The 100-passenger launch is being built for the state-owned Road Development Authority and will be used to […]
Margin Growth
July 21, 2010 (LBO) – Sri Lanka’s Seylan Bank group net profit shot up 66 percent to 312 million rupees in the June 2010 quarter from a year ago as interest margins improved, a stock exchange filing said. Deposits and performing loans grew slightly and the bank managed to reduce bad loans. Interest income fell […]
Equity Fund
July 21, 2010 (LBO) – New York based Logan Rockefeller Global (LR Global) is planning to invest 20 million US dollars in Sri Lanka through a newly set up local unit, which itself is planning a public listing as early as next year, officials said. “We are looking at Sri Lanka as a market that […]
Two Sri Lanka beaches make top grade: Forbes
July 21, 2010 (LBO) – A beach stretch from Tangalle Bay to Weligama in Sri Lanka’s south and Bentota in the southwest have been named among the top 10 in Asia by Forbes, a business magazine. Sri Lanka is expecting 600,000 tourists this year and 2. 5 billion by 2016. The New York Times has […]
‘s five-star Murali makes India follow-on
GALLE, July 21, 2010 (AFP) – Spin wizard Muttiah Muralitharan grabbed five for 63 in his final match as Sri Lanka made India follow on in the first Test on Wednesday in Galle. The off-spinner took his career tally to 797 wickets as India were shot out for 276 in reply to Sri Lanka’s 520-8 […]