Category: Industry
Sell Off
June 27, 2007 (LBO) – Ultrapay Limited, the Australian broadband and mobile wireless services company, has sold the stake it held in Sri Lanka’s Ruhuna Multivision pay tv business, the company said.Ultrapay held the stake in Ruhuna Multivision, which runs Comet Cable, through its subsidiary Chalmway Private Limited. The company says the sale netted 1.2 […]
Customs Blog
June 27, 2007 (LBO) – A web logging site for the Sri Lankan and international trading community as well as customs clients has been launched, giving access to new information on tariffs and regulations, officials said. The database holds all of the country’s customs regulations, related laws, taxes and other levies as well as preferential […]
Structural Attempt
June 26, 2007 (AFP) – Sri Lankan security forces found a powerful Claymore mine near an oil storage depot in the capital Tuesday, the defence ministry said.The 20-kilogram (32-pound) bomb was hidden inside the fuel tank of a vehicle belonging to a local official from the island’s Tamil Tiger-held northern district of Kilinochchi, the ministry […]
Sri Lanka batsmen hit tons against Bangladesh
June 26, 2007 (AFP) – Michael Vandort and skipper Mahela Jayawardene scored centuries as Sri Lanka piled up Bangladesh’s misery in the first cricket Test here on Tuesday. Bangladesh play three Tests and as many one-day internationals on the five-week tour. Having bowled out Bangladesh for 89 on the opening day, Sri Lanka went to […]
‘s tsunami-hit stadium ready for Test with England
June 26, 2007 (AFP) – The tsunami-devastated Galle cricket stadium in Sri Lanka will be fit to host the third and final Test against England in December, an official said here on Tuesday.Galle stadium curator Jayananda Warnaweera said the early-November deadline for reconstruction would be met. The stadium, originally the venue for the opening match […]
Sri Lanka smashes Bangladesh with four centuries
June 26, 2007 (AFP) – Four batsmen scored centuries as Sri Lanka flexed their batting might to tighten the screws on Bangladesh in the first cricket Test here on Tuesday.Maiden Test hundreds by Prasanna Jayawardene and veteran seamer Chaminda Vaas capped a solid batting display by the hosts, while captain Mahela Jayawardene and opener Michael […]
Pacey Numbers
June 26, 2007 (LBO) – Sampath Bank is raising 1.5 billion rupees through an unsecured debenture which Fitch has rated AA- (lka), but the rating agency says more capital may be needed to maintain its loan growth rate in to the medium term. It has two associates, a Bangladesh-based non-bank financial institution LankaBangala Finance Ltd […]
Learning Lessons
June 25, 2007 (LBO) – Sri Lanka has lost the lead it once had in education, slowing the progress of the country, education specialists have warned.A telling sign of the times is that a large number of recently recruited teachers are being trained on the job with students as guinea pigs. While university graduates have […]
Bank Heads
June 25 (LBO) – A new board of directors has been appointed to state-owned SME Bank as a first step in a proposed take-over by Lankaputhra Development Bank, an official said. But officials now say RDBs would be allowed to function independently. Lankaputhra Bank chairman A de Vass Gunewardene is the new chairman of SME […]
Five-wicket Muralitharan wrecks Bangladesh
June 25, 2007 (AFP) – Muttiah Muralitharan grabbed five wickets for 15 runs as Sri Lanka shot out Bangladesh for a paltry 89 on the opening day of the first cricket Test here on Monday.Bangladesh play three Tests and as many one-dayers on the five-week tour.The prolific off-spinner’s 58th haul of five or more in […]
Sri Lanka destroys Bangladesh in first Test
June 25, 2007 (AFP) – Spin wizard Muttiah Muralitharan claimed his 58th five-wicket haul as Sri Lanka overpowered Bangladesh on the opening day of the first cricket Test here on Monday.The off-spinner grabbed five wickets for 15 runs as Bangladesh, sent in to bat in overcast conditions, were shot out for their third lowest total […]
Sri Lanka eye Rhodes, Blewett for assistant coach
June 24, 2007 (AFP) – Sri Lanka have short-listed South African Jonty Rhodes and Australia’s Greg Blewett to assist newly appointed head coach Trevor Bayliss, an official said on Sunday. The search for an assistant coach arose after former Sri Lankan fast bowler Rumesh Ratnayake turned down a Sri Lanka Cricket (SLC) offer last week, […]