Category: Industry
Sri Lanka faces cricket selector trouble
Aug 9, 2007 (AFP) – A depleted selection panel picked Sri Lanka’s Twenty-20 World Championships team Thursday following a spate of no-shows and resignations from the committee, sports minister Gamini Lokuge told AFP. “But I have told Sri Lanka Cricket that I have no objection if the selectors are given an allowance and other perks […]
Sri Lanka name strong Twenty20 squad
Aug 9, 2007 (AFP) – Mahela Jayawardene will lead a strong Sri Lankan team to the inaugural Twenty20 World Championships to be held in South Africa in September, officials said on Thursday.The 15-man squad shows no surprises, with prolific off-spinner Muttiah Muralitharan confirmed to play after earlier reports suggested that he may be rested from […]
Tele Rating
August 9, 2007 (LBO) – Standard and Poor’s (S&P) has upgraded the outlook on Sri Lanka Telecom (SLT) from negative to stable while affirming its ‘B+’ foreign currency and ‘BB-‘ local currency rating. “The rating on SLT continues to reflect the long-term rating on the sovereign given its government ownership and its exposure to domestic […]
Loss Leaders
August 08, 2007 (LBO) – Sri Lanka’s Cargills Food City supermarket chain has announced a month of discounts on a range of consumer goods, including milk powder which has risen sharply in recent days. “What we do is that we compromise our margins to give the best deals for our customers. The company said it […]
Banking Gains
August 08, 2007 (LBO) – Sri Lanka’s Hatton National Bank (HNB) group has reported a 35 percent increase in net profit to 682 million rupees for the second quarter ended June 2007 with provision for bad loans also increasing. The HNB group revenues were up 41 percent to 7.78 billion rupees, the bank said in […]
Maritime Fraud
August 09, 2007 (LBO) – Trade finance involving shipment of goods by sea could lend itself to money laundering, a top international maritime fraud investigator has warned Sri Lanka’s shipping community. Companies involved in the transport of goods by sea and related business like banks should take more care in their transactions and know better […]
Skills Boost
August 9, 2007 (LBO) – The United States has completed a program with a Sri Lanka state training institute to improve public sector finance skills of government officers, the US embassy in Colombo said. “U.S. Treasury focused on these objectives because of an urgent need to train young professionals in government service,” the embassy said […]
Prized Project
Aug 08, 2007 (LBO) – A Sri Lankan ICT project using a digital, interactive educational content system in the Sinhala language aimed at developing self-learning capacity among rural students has won an international award. The ‘Shilpa Sayura’ project was awarded the Information for Development (i4d) award at the recent eINDIA 2007 Conference in New Delhi, […]
Going Global
Aug 08, 2007 (LBO) – Sri Lanka’s Triad advertising has got affiliated to thenetworkone, a global network of specialist agencies, with the aim of giving overseas exposure to Sri Lankan brands. “We felt there was a need to have an international platform and that was the only way we could go forward and give our […]
Floating Lien
August 08, 2007 (LBO) – Sri Lanka’s Central Bank Governor Nivard Cabraal said he will look at the banking sector’s reluctance to lend to ship-owners and called for new methods of financing that may allay the concerns of lenders. The island’s banks had hitherto been reluctant to provide ship financing as they were unfamiliar with […]
Squeaky Clean
August 08, 2007 (LBO) –Sri Lanka’s airports authority has awarded the cleaning and facility management contract for the Banaranaike International Airport (BIA) to Sinar Malship Lanka, the company announced Wednesday. Sinar Malship Lanka, formed under the Board of Investment in collaboration with Malaysia’s Sinar Jernih, adopts British Institute of Cleaning Science methods to comply with […]
Sri Lanka Cricket cuts Atapattu loose
Aug 7, 2007 (AFP) – Sri Lanka’s cricket governing body Monday released former captain Marvan Atapattu from his contract, effectively ending his career with the national team. “We decided at this evening’s committee meeting to release Marvan Atapattu from his contract from October 1,” Kangadaran Mathivanan, secretary of Sri Lanka Cricket (SLC) told AFP. Atapattu […]