Category:
Sri Lanka Balangoda Plantations profit, management fee up sharply
Feb 21, 2011 (LBO) – High commodity prices helped Sri Lanka’s Balangoda Plantations managed by the Stassen group turn a profit in the December 2010 quarter with management fees exceeding profits, its accounts showed. The firm made a December 2010 quarter net profit of 35 million rupees against a loss 105 million rupees the year […]
‘ Forum
Feb 21, 2011 (LBO) – Sri Lanka Institute of Marketing (SLIM), an industry body, is hosting a forum on consumer trends to promote more research based marketing and best practices. “As the national body of marketing we want to encourage best practices in terms of research, advertising, branding and sales,” SLIM president Rohan Somawansa, President, […]
Sri Lanka navy foils smuggling mission to Australia
February 21, 2011 (AFP) – Sri Lanka arrested 17 would-be illegal immigrants aboard a trawler allegedly heading to Australia, the navy said Monday. The boat was detected off the southern coast of Hambantota on Thursday and brought ashore for investigations, the navy said in a statement. Boats from Sri Lanka take up to three weeks […]
Sri Lanka power utility in black in 2010: minister
Feb 21, 2011 (LBO) – Sri Lanka’s state-run power utility, the Ceylon Electricity Board, came out of the red in 2010 but is expected to make a 16 billion rupee loss in 2011 on a planned path to break even in 2014, power minister Patali Ranawaka said. The Ceylon Electricity Board made a profit of […]
Bring on Pakistan, say confident Sri Lanka
HAMBANTOTA, February 21, 2011 (AFP) – Former Sri Lanka captain Mahela Jayawardene said his team was looking forward to their first real test in the World Cup against Pakistan after crushing Canada in their opening match. Jaywardene gave the 1996 champions a flying start with an 80-ball century to help his team to a solid […]
Kenya, Canada steamrollered at World Cup
NEW DELHI, February 20, 2011 (AFP) – New Zealand crushed Kenya Sunday in an embarrassingly one-sided World Cup mismatch and joint hosts Sri Lanka destroyed Canada on a sobering day for the minnows of the game. Kenya were beaten by 10 wickets after being dismissed for just 69 — their lowest ever World Cup total […]
‘s confusing investment signals
Feb 21, 2010 (LBO) – I am often asked about how Sri Lanka is doing after the war. How much investment has come in, now that the LTTE monkey is off our backs. I tell them about the USD 500m from Shangri La. The other 500m investment by the Chinese aerospace conglomerate CATIC. Billion in […]
‘s
Feb 21, 2011 (LBO) – A devaluation of Vietnam’s currency by 9.0 percent may increase bank bad loans, especially where dollar loans were given to customers with local currency revenues and hurt capital, Moody’s, a rating agency has said. A weaker dong increases prices throughout the economy, with internationally traded goods, whether imported or exported […]
Sri Lanka make 332-7 against Canada
HAMBANTOTA, February 20, 2011 (AFP) – Sri Lanka made 332-7 off their 50 overs in the World Cup Group A clash against Canada at the new Mahinda Rajapakse Stadium on Sunday. Mahela Jayawardene scored 100 – the fourth fastest century in the history of the tournament – while captain Kumar Sangakkara (92) and Tillakaratne Dilshan […]
‘s Sri Lanka clash
HAMBANTOTA, February 20, 2011 (AFP) – Canada coach Pubudu Dassanayake spiced up Sunday’s World Cup clash with Sri Lanka by accusing the hosts of damaging their practice sessions at the new Hambantota stadium. “I wouldn’t have complained because of the occasion. But it happened to us twice and no one bothered to help us,” claimed […]
Tragedy-hit Sri Lanka town ready for World Cup baptism
HAMBANTOTA, February 20, 2011 (AFP) – Hambantota, where 3,000 people died in the 2004 tsunami, welcomed the World Cup on Sunday, the latest morale-boosting step for the ambitious Sri Lankan coastal city. The stadium where Sri Lanka were due to tackle Canada is named after president Mahinda Rajapakse, who hopes the facility will go a […]
Sri Lanka coal power plant on full load
Feb 19, 2011 (LBO) – Sri Lanka has run a Chinese built 300 MegaWatt power plant fully on coal with a full load connected to the national power supply on Friday night for the first time as part of its testing regime officials said. The power plant started tests in September initially using diesel and […]