Category: Industry
Sri Lanka President wants latest cricketer retirement probed
Sept 8, 2007 (AFP) – Sri Lanka President Mahinda Rajapakse has asked the country’s sports minister to investigate all-rounder Upul Chandana’s hasty retirement. “The president asked me to go into the reasons which led Chandana to announce his retirement,” Gamini Lokuge told AFP Saturday. Lokuge said he would invite Sri Lanka Cricket (SLC) officials and […]
Sri Lanka, India to discuss new cricket league
Sept 8, 2007 (AFP) – A top Sri Lankan cricket official will attend a meeting of the Indian Cricket Board next week to discuss a new league being floated to counter a controversial rebel series. “We have been asked to come and I will represent Sri Lanka Cricket,” Sri Lanka Cricket (SLC) President Jayantha Dharmadasa […]
Sri Lanka eco-lodge on track for global award
Sept 08, 2007 (LBO) – A Sri Lankan eco-lodge built in the shape of an elephant has been nominated for a top slot at the World Travel Awards, its operators said. KumbukRiver, in Okkampitiya in the Buttala area is about 250 kilometres away from the capital Colombo and are among the eight lodges nominated for […]
Djokovic and Ferrer set up US Open semi
NEW YORK, Sept 6, 2007 (AFP) – Serb shot-maker Novak Djokovic and Spanish grafter David Ferrer on Thursday set up a US semi-final showdown for a possible challenge to top seed and defending champion Roger Federer.Dvkovic, the 20-year-old revelation of the year, showed remarkable composure in defeating Spanish veteran Carlos Moya 6-4, 7-6 (9/7), 6-1. […]
Freight Brand
Sept 07, 2007 (LBO) – Sri Lanka’s Hayleys conglomerate is setting up its own freight forwarding operation under a new brand name in India after parting company with its joint venture Indian partner, company officials said. “We’re doing it on our own without any partnership,” an official said. “We’re setting up a new operation – […]
Full Toss
Sept 07, 2007 (LBO) – Sri Lanka Insurance, has announced an agreement with the Sri Lanka Cricketers’ Association to be the official life insurance provider for all its members. The life insurance cover offered by the company would be extended to national cricketers of the past, the company said in a statement. The association and […]
Doing Ok
Sept 07, 2007 (LBO) – Fitch Rating Lanka has confirmed the ‘AA(lka)’ national long-term rating of DFCC Bank, the ‘AA(lka)’ rating of its senior debentures and the ‘AA-(lka)’ rating of its subordinated debentures. The bank’s major shareholders include entities related to the Stassens Group which hold 30.7 percent of its equity and Bank of Ceylon, […]
Hard Place
Sept 07, 2007 (LBO) – Sri Lanka’s HSBC branch defended its record in the island following a threat by the country’s opposition leader to cancel its license in the future over its involvement in a planned international bond issue. Opposition United National Party leader Ranil Wickremesinghe has earlier said that parliamentary approval has not been […]
Sri Lanka leisure firms asked to list in Maldives
Sept 06, 2007 (LBO) – Maldives has asked Sri Lankan firms operating resorts in the atoll nation to sell a part of their stake through a stock market flotation, a senior minister said. Two of Sri Lanka’s top leisure groups — Aitken Spence & Co. Ltd and John Keells Holdings Ltd — have significant presence […]
Eyes Skinned
Sept 05, 2007 (LBO) – Fitch Sri Lanka said it was maintaining a rating watch on six regional banks which was imposed following a government announcement that they would be merged with two other newly created state banks. Fitch put five regional banks on rating watch ‘evolving’ indicating that the rating could be changed after […]
Kero Hurdle
Sept 6, 2007 (LBO) – Sri Lanka would make a fixed payment to poor households on income support from this month but limit a promised subsidy to fishermen to one month, a senior minister said. Ceylon Petroleum Corporation would make a 4,000 rupee one-off payment to 16,036 fishermen for the month of August at a […]
‘s best but cannot end drought
NEW YORK, Sept 5, 2007 (AFP) – Andy Roddick has tested Roger Federer, even forced the world number one to make some astonishing shots.But for the 14th time in 15 matches, the top US player could not beat the Swiss tennis magician. Three-time defending champion Federer beat Roddick for the 10th time in a row […]