Category: Industry
Going Rural
July 22, 2007 (LBO) – ABC Investments, a new Sri Lankan Islamic investment group, plans to expand their business with branches outside the capital Colombo, especially in areas with large concentrations of Muslim people.The Islamic Takaful insurance concept has a growing customer base in Sri Lanka with Amana Takaful.The firm which provides Barakah Islamic financial […]
Symonds urges Aussie fans to applaud Sri Lanka star Murali
SYDNEY, July 21, 2007 (AFP) – Andrew Symonds on Saturday urged Australian cricket fans not to taunt Sri Lankan spinner Muttiah Muralitharan if he passes Shane Warne’s Test wicket world record while touring Down Under this year.Australian crowds have regularly abused “Murali” since he was twice called for throwing, with even Prime Minister John Howard […]
State Try
July 21, 2007 (AFP) – A Sri Lankan minister has travelled to Saudi Arabia with the parents of a teenage housemaid to help prepare her appeal after she was condemned to death for murdering a four-month-old baby, a Sri Lankan diplomat said on Saturday.Deputy Foreign Minister Hussein Bhaila arrived in the Saudi capital on Friday […]
Nobody Told
July 21, 2007 (LBO) – Sri Lanka’s terror finance sleuths said two former ministers who had made claims about money being paid to Tamil Tigers are yet to complain to the unit that is charged with probing terrorist finance. Officials said persons could report suspicious activity in writing or email if they were satisfied that […]
Book Fever
July 20, 2007 (LBO) — Thousands of Harry Potter fans in Sri Lanka have signed up to pick a copy of J.K. Rowling’s seventh, swansong book, amidst tight security, with bookstores sworn to ensure nothing is leaked out before the launch day, a spokesman for the publisher said.Over 10,000 copies of “Harry Potter and the […]
Bigger Results
July 20, 2007 (LBO) – A Sri Lanka-German initiative to give microfinance to tsunami victims had more than doubled its original target helping more than 2000 small business people and creating 6000 new job opportunities, officials said. At present 1.9 billion rupees is outstanding on 15,331 projects. The bank says the scheme has mobilized over […]
Seed Cover
July 20, 2007 (LBO) – HNB Assurance, a unit of Hatton National Bank, has tied up with the micro finance arm of Sarvodaya, a non-governmental organization, to launch micro insurance products for rural families.The micro insurance scheme ‘Sathkara’ has already been launched in Galle, Matara, Vavuniya and Batticaloa Sarvodaya societies as pilot projects to educate […]
Pricing Practice
July 20, (LBO) – Sri Lankan exporters and importers have called for a regulator to monitor the pricing practices of shipping lines, as freight rates move up and exporters are hit with fees outside the quoted rates. Jayanath Perera, outgoing chairman of the Sri Lanka Shippers’ Council, industry body representing firms engaged in international trade, […]
‘s Malinga to bowl apparel brand
July 19, 2007 (LBO) – One of Sri Lanka’s top clothing exporters, Brandix Lanka, has hired fashionable fast bowler Lasith Malinga as the group’s ‘brand ambassador’. Malinga, whose tinted curls and explosive round arm action made him a star attraction at the 2007 Cricket World Cup, will promote its corporate social responsibility and human resources […]
Machine Time
July 19, 2007 (LBO) – Sri Lanka’s construction industry is looking for foreign partners to set up a machinery leasing company that would be especially useful for the large number of small and medium firms that dominate the sector. “The CCI is looking at having machinery and equipment to service the needs not only of […]
Aborted Flights
July 19, 2007 (AFP) – Abu Dhabi’s Etihad Airways said Thursday that it was pulling out of Sri Lanka, citing a sharp drop in tourist traffic to the tropical island due to ongoing fighting between government and rebel forces. Sri Lanka’s 26-billion-dollar economy earned 130.8 million dollars from tourism between January and April, a 15 […]
‘s tooth buried in forehead
SYDNEY, July 17, 2007 (AFP) – An Australian rugby player who went to his doctor with severe headaches was amazed to find he’d been living with an opponent’s tooth embedded in his forehead for months, it was reported Tuesday.Ben Czislowski clashed heads with an opponent during a game in the Queensland Cup competition in early […]