Category: Industry
Sri Lanka names new cricket selection panel
July 31, 2007 (AFP) – Former Sri Lanka fast bowler Asantha de Mel was re-appointed chief of the national cricket selection committee which was reshuffled by the sports minister on Tuesday. De Mel and Don Anurasiri were retained from the previous selection panel and will be joined by Mahes Goonathilake and Ranjith Madurasinghe in the […]
Digital Divide
July 31, 2007 (LBO) – Sri Lanka’s government ICT Agency has expanded its telecentre network to 400 points all over the island to help communities improve their knowledge and access global information. The 400th telecentre or Nenasala was set up Tuesday at the Colombo District Secretariat to provide the public access to internet, phone and […]
Economic Parley
July 31, 2007 (LBO) – The annual sessions of the Sri Lanka Economic Association (SLEA) will look at regional inequalities, employment and social safety nets, health education and infrastructure, its organizers said. “The slow growth of the economy, inequity of income distribution is a major cause of this poverty”, SLEA President A Indraratne said. The […]
New Life
July 31, 2007 (LBO) – The failed Pramuka Bank had been given the nod by the Central Bank to re-open for business from August 01, as the state owned Sri Lanka Savings Bank Ltd, the regulator said. The new bank will settle the liabilities of Pramuka to depositors and creditors according to a scheme to […]
Indian league storm set to hit Sri Lanka
July 29, 2007 (AFP) – A multi-million-dollar rebel league in India seems set to take Sri Lankan cricket by storm with several top players approached to join the lucrative series, sources said on Sunday.The Indian Cricket League (ICL), promoted by the country’s largest listed media group Zee Telefilms, features six teams playing Twenty20 matches across […]
England happy with Sri Lanka security: officials
July 30, 2007 (AFP) – England’s winter tours of Sri Lanka looked set to go ahead after local officials claimed Monday that a security assessment team sent by the tourists was satisfied with the arrangements.Sri Lanka Cricket (SLC) chairman Jayantha Dharmadasa said that John Carr, a top official of the England and Wales Cricket Board […]
Carbon Footprints
July 30, 2007 (LBO) – Global warming is increasingly being recognized as a threat around the world, but the business of carbon trading to reduce global warming could prove a blessing for developing countries. But it is by no means easy money. Developed countries are seen as the main culprits of global warming due to […]
Rating Shuffle
July 30, 2007 (LBO) –The Sri Lanka unit of Rating Agency Malaysia (RAM) said Monday its operations will not be affected by a restructuring of the parent. Lanka Ratings Agency (LRA) said the credit ratings services and consultancy services of RAM had been separated under a regulatory requirement in Malaysia. RAM has been re-named RAM […]
Demotion
July 30, 2007 (LBO) – Fitch Ratings has downgraded the rating outlook of National Development Bank from ‘positive’ to ‘stable’ after a proposed merger with the Commercial Bank was aborted. NDB has an asset base of 65 billion rupees. National Development Bank, originally a development finance institution, merged with NDB Bank, its commercial banking subsidiary […]
English cricket official in Sri Lanka for security assessment
July 29, 2007 (AFP) – A top English cricket official has arrived in Sri Lanka to assess the security of potential venues before a planned tour in the war-torn nation in October.John Carr, from the England and Wales Cricket Board, arrived on Friday to visit all the venues for the matches on a truncated tour. […]
Fashion Tips
July 29, 2007 (LBO) – Popular actress Sangeetha Weeraratne and hairstylist and choreographer Lou Ching Wong are teaming up to give a leg up to wannabe’s waiting to step onto the catwalk. Wong says the school hopes to affiliate with Singaporean grooming schools next year to provide internationally recognized certification that will help students pursue […]
Delayed Action
June 29, 2007 (LBO) – Arpico Finance Company Limited has asked for more time to meet the new regulatory capital requirements of the Central Bank, the credit rating agency, Lanka Rating Agency (LRA) said. It said in a statement that it had reaffirmed Arpico Finance’s long- and short-term ratings at BB2 (with a stable outlook) […]