Category: Industry
Clipped Wings
June 7, 2007 (LBO) – DFCC Bank has been asked to cut its 28.98 percent stake in Commercial Bank to 15 percent under Sri Lanka’s banking laws, the development financier said. Commercial Bank of Ceylon has informed DFCC Bank that if the stake was not cut by October 23, 2008, DFCC its voting rights would […]
Sri Lanka checks out another Aussie coach: report
SYDNEY, June 6, 2007 (AFP) – Australian provincial coach Trevor Bayliss will fly to Sri Lanka next week to be interviewed for the vacant national coach’s position, it was reported Wednesday.. The Sydney Morning Herald said New South Wales state coach Bayliss was a candidate for the position vacated by fellow countryman Tom Moody, who […]
Air force officer takes over as Sri Lanka manager
June 6, 2007 (AFP) – A senior Sri Lankan air force officer has been appointed as the new manager of the national cricket team, replacing Michael Tissera, a Sri Lanka Cricket official said Wednesday.Air Vice Marshal Sriyan Samararatne, a strict disciplinarian, was picked after facing an interview panel Wednesday by Sri Lanka Cricket, the governing […]
Service Skills
June 06, 2007 (LBO) – Sri Lanka’s freight forwarding industry is setting up an academy to train people with the skills and knowledge required to handle logistics in today’s rapidly growing international trade. Sri Lanka Shippers™ Council, Sri Lanka Apparel Exporters™ Association, Exporters™ Association of Sri Lanka, Import Section of the Ceylon Chamber of Commerce […]
Retail Recognition
June 06, 2007 (LBO) – Retailers that were a just a distribution channel at one time have to be considered as a strategic business partners in driving brands forward in a competitive market, Sri Lanka’s top marketers have said. Retailers are the last point the brands can market themselves and without retailer interest in selling […]
E-deadline
VANCOUVER, Canada, June 5, 2007 (AFP) – The International Air Transport Association has given member airlines and travel agencies five extra months to switch entirely to electronic ticketing, to May 2008.IATA initially had scheduled the switchover to e-tickets, eliminating paper tickets, to be completed by December 31. The decision to extend the deadline was taken […]
Divine Intervention
June 6, 2007 (LBO) – Sri Lanka’s state electricity utility warned that power cuts would be imposed if monsoon rains do not come in the next two weeks to boost its hydro storage capacity. It engineers have warned the media last month that another unsuitable 300 MegaWatt thermal plant is being forced on the utility […]
‘s Dilshan stars in Asia XI win
BANGALORE, India, June 6, 2007 (AFP) – Sri Lankan Tillakaratne Dilshan hit an unbeaten 47 to guide Asia XI to a six-wicket victory over Africa XI in the one-off Twenty20 cricket match here on Tuesday.The Asian team were struggling at 34-3 before surpassing their opponents’ modest total of 109-8 with more than four overs to […]
Bunker Oil
June 05, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has started a marine bunkering operation by supplying diesel to ships off the east coast of the island, an official said.“We made a humble beginning using our facilities in Trincomalee by offering bunkering services selling diesel oil to two vessels a […]
‘s Arjuna in?
BANGALORE, India, June 4, 2007 (AFP) – India’s cricket chiefs failed to name a new national coach on Monday even as South African Graham Ford replaced Dav Whatmore as the frontrunner for the post.“We have decided to invite Ford and another coach of foreign origin for discussions,” N.Srinivasan, treasurer of the Board of Control for […]
Bangladesh recall Razzak and Rahim for Sri Lanka Tests
DHAKA, June 4, 2007 (AFP) – Bangladesh’s cricket selectors on Monday recalled left-arm spinner Abdur Razzak and teenage wicket-keeper Mushfiqur Rahim for an upcoming three-Test series in Sri Lanka.Razzak, who played his only Test against Australia in 2006, returned to the squad after his impressive performances in one-day cricket, chief selector Faruq Ahmed said. “Razzak […]
Upgraded
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the agency said Tuesday. “The upgrade of the rating recognises improvements in PABC’s profitability and relative improvements in its capitalisation ratios and asset quality since the bank was first […]