Category: Industry
Sri Lanka downturn cushioned by Maldives profits of top leisure firms
June 15, 2007 (LBO) – Two of Sri Lanka’s leisure sector players have managed to cushion a downturn in tourism on the island, with profits from resorts they own in the Maldives. . John Keells Holdings, one of the biggest capitalised firms in the Colombo bourse, and Aitken Spence, have been expanding in to the […]
Sri Lanka names Bayliss as coach
June 14, 2007 (AFP) – World Cup finalists Sri Lanka on Thursday named ambitious Australian Trevor Bayliss as their new coach on a two-year deal.Bayliss, 44, who currently coaches New South Wales, replaces another Australian Tom Moody, who quit last month to work with Western Australia. “Bayliss has been appointed for a two-year period starting […]
Big Response
June 14, 2007 (LBO) – Sri Lanka’s biggest mobile phone company, Dialog Telekom, said Thursday its 15.5 billion rupee cash call had been fully subscribed. . Corrected: Dialog’s parent Telekom Malaysia had bought in full its entitlement under the rights issue, spending 13 billion rupees, a company statement said. The inward foreign currency remittances for […]
Australians in running for Sri Lanka coaching job
June 14, 2007 (AFP) – Sri Lanka has short-listed a handful of Australian coaches to take over the national team, officials said Thursday.Former Sri Lankan fast bowler Rumesh Ratnayake will assist Penney until the formal appointment of a new coach.“Terry Oliver and Trevor Bayliss are under consideration,” a Sri Lanka Cricket (SLC) source told AFP. […]
Power Blast
June 12, 2007 (LBO) – A blast ripped through a vital high voltage electricity transmission line in a suburb of Sri Lanka’s capital Colombo, but it failed to disrupt power supplies, officials and police said. It was not known who carried out the latest attack, but Sri Lanka’s Tamil Tiger guerillas had earlier bombed a […]
Close Shave
June 12, 2007 (AFP) – Tamil Tiger saboteurs came close to cutting off a large chunk of Sri Lanka’s electricity supply Tuesday by skirting tight security and setting off a bomb against a key power line, officials said.The device, which was rigged to a timer, was attached to a steel pylon located between a key […]
‘s chosen coach turns the offer down stays at home
LONDON, June 11, 2007 (AFP) – Graham Ford has snubbed an offer to become India’s new coach in favour of staying on in his current role as director of cricket at English county Kent. The South African’s decision, announced on Monday, will come as a major blow to Indian cricket chiefs who believed they had […]
Woolmer died of natural causes: Jamaican police
MONTEGO BAY, Jamaica, June 12, 2007 (AFP) – Former Pakistan cricket coach Bob Woolmer was not murdered but died of natural causes, Jamaican police said in a bombshell announcement Tuesday nearly three months after his death during the World Cup tournament.After first treating Woolmer’s death by asphyxiation as homicide, sparking feverish speculation about the malign […]
” after Ford disappointment
NEW DELHI, June 12, 2007 (AFP) – India’s cricket chiefs on Tuesday appointed former player Chandu Borde the manager-cum coach of the national team for the upcoming tours of Ireland, Scotland and England. The veteran, who turns 73 next month, was given charge of Rahul Dravid’s side a day after South African Graham Ford turned […]
Medical Thrust
June 12, 2007 (LBO) – The Hemas group is pushing into the hospital sector with a 2.5 billion rupee investment though bottom line growth this year has been hit by a higher taxs, officials said. The group’s 100 bed hospital in Wattala, off Colombo, is expected to be operational by August 2008, while a newly […]
Singled Out
June 12, 2007 (LBO) – Sri Lanka should widen its tax base and practice fiscal discipline instead of heavily taxing a few sectors like the financial sector, and have a formal taxation commission to devise a medium-term tax policy, a top bank has said. While Sri Lanka’s tax collections as a percentage of gross domestic […]
Capital Change
June 12, 2007 (LBO) – A controlling stake in the listed financial firm, Asia Capital was bought by a consortium led by Asia Fort Asset Managment, with two foreign funds selling out Tuesday, an official said. Two foreign funds, Rockport and Sezeka sold out with a consortium led by Asia Fort Asset Management buying the […]