Category: Industry
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 […]
Asia sweep past Africa bagging the Afro-Asia series as Mahela strikes again
CHENNAI, India, June 10, 2007 (AFP) – Mahendra Dhoni and Mahela Jayawardene hammered centuries in a record stand to set up Asia’s 13-run win over Africa in the third and final match of the Afro-Asia one-day series here on Sunday.Dhoni (139 not out) and Jayawardene (107) put on 218 for the sixth wicket, as Asia […]
Fernando fires Asia to series-clinching win in the second ODI
CHENNAI, India, June 9, 2007 (AFP) – Fast bowler Dilhara Fernando grabbed four wickets as Asia clinched the Afro-Asia cricket series with a 31-run win over Africa in the second one-day international here on Saturday.Asia restricted their rivals to 306 under lights after posting a challenging 337-7 to gain an unbeatable 2-0 lead in the […]
South African Ford named India coach
CHENNAI, India, June 9, 2007 (AFP) – Graham Ford of South Africa has been selected as India’s new cricket coach, the Board of Control for Cricket in India announced on Saturday.A seven-member board panel picked Ford over Englishman John Emburey, the only other candidate for one of the most high-profile jobs in cricket, after closed-door […]
Sri Lanka film regulations may block positive coverage needed to boost tourism
June 11, 2007 (LBO) – Earlier this year, a foreign television crew working for the Travel Channel in London arrived in the country to do a documentary on the tourism hotspots. Travel Channel’s first priority was to visit and film the Dutch Galle fort in the southern coastal region of Sri Lanka. Then their troubles […]
Oil Oil everywhere…
TEHRAN, June 6, 2007 (AFP) – Iran hopes to begin a much-delayed plan to ration petrol in the next two weeks amid continued uncertainty over its launch date, officials said on Wednesday. The plan, aimed at reducing colossal subsidies paid by the state to finance oil-rich Iran’s frenzied petrol consumption, envisages forcing consumers to pay […]
Precipice
June 10, 2007 (LBO) – Sri Lanka is on the brink of the dangerous path of petrol and diesel rationing, which will give set amounts of subsidized fuel to users, reports said. Related Story Rata Perata: Oil-rich Iran to ration petrol to get out of subsidy fiasco Updated The weekly Nation newspaper said the government […]
Sri Lanka cricket chief bailed over share scam
June 9, 2007 (AFP) – Sri Lanka’s cricket chief Jayantha Dharmadasa was granted 100,000 rupees (910 dollars) bail by the commercial court of Colombo over his alleged role in manipulating share prices.Dharmadasa, who heads Sri Lanka Cricket, the governing body of the sport, his son and seven others are charged with illegally boosting the share […]
Personal Identity
June 09, 2007 (LBO) – Sri Lanka would soon be sounding out operators on making mobile telephone numbers portable, telecom minister Rauf Hakeem said. “In Andra Pradesh, base stations for which approvals are not given in a fixed time, or not objected to, are considered given,” Hakeem said. “We need to be pro-active in reform, […]
Sri Lanka Cricket in new attempt to dump chief selector
June 8, 2007 (AFP) – Sri Lanka’s cricket administration Friday made a fresh attempt to dump chief selector Asantha de Mel in a row over the controversial Abu Dhabi one-day series. “I have time till end July to make the final decision,” Lokuge said. “I shall see what I should do then.” Sports Minister Gamini […]
Sri Lanka apparel makers increase backward integration
June 08, 2007 (LBO) – Sri Lanka’s garments industry has increased sourcing of fabric from the region and making accessories at home under its backward integration plan to strengthen its base, an industry official said. In 2003 the industry imported 194 million dollars worth of accessories and trims but this fell to 181 million dollars […]
Rural Link
June 8, 2007 (LBO) – The first of a series of ‘cyber-centers’ that will link rural business in Sri Lanka with the internet has been opened in the central hill town of Matale, the United States embassy said.The public private partnership where Qualcomm, Microsoft, and Sri Lanka’s Dialog Telekom InfoShare, National Development Bank, and Lanka […]