Category: Industry
” in Marks & Spencer partnership
May 30, 2007 (LBO) – Sri Lankan apparel Giant MAS Holdings is building a ‘Green Plant’ through its partnership with UK’s Marks & Spencer, to reduce waste and be environmentally friendly. The firm says it is developing a bio degradable packaging and card board hangers and has been sourcing part of its organic cotton supplies […]
Sri Lanka travel ban only to the north and east: UK
May 30, 2007 (LBO) – Britain is advising its citizens not to travel to the north and east of Sri Lanka, but they are free to visit other parts of the country, the UK High Commission (embassy) in Colombo said. Sri Lanka’s total tourist arrivals are down 19.9 percent so far this year. “Some recent […]
Deal Flow
May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other countries, says it is looking for new projects. “This is excellent news for emerging markets. Greater access to reliable energy continues to be a high priority for […]
Insurance Reload
May 29, 2007 (LBO) – Ceylinco Insurance is tapping into Sri Lanka largest mobile subscriber base with a pre-paid card insurance scheme with Dialog Telekom, officials said. Sri Lanka’s insurance penetration remains poor at three percent for an island of 20 million people. The accident insurance cover package premiums are priced between five and 20 […]
Power Foothold
May 28, 2007 (LBO) – The Malaysian firm Tanjong, controlled by billionaire Ananda Krishnan, has taken a foothold in Sri Lanka’s power sector by acquiring an international energy firm with investments in the country, the company said Monday. In a filing at the Kuala Lampur stock exchange Tanjong said it had taken over Globeleq, a […]
Sri Lanka keeps De Mel chief selector despite board
May 28, 2007 (AFP) – Sri Lanka’s sports minister on Monday extended Asantha de Mel’s term as chairman of cricket selectors despite a call from the governing board of the sport for his dismissal.“I have appointed the same committee for another two months with Asantha as the chief selector,” Gamini Lokuge told AFP. De Mel, […]
Jayasuriya delighted to lead MCC against West Indies
May 28, 2007 (AFP) – Sri Lanka’s former skipper Sanath Jayasuriya said Monday he is delighted to captain the MCC against the touring West Indians.The three-day match which starts on Friday in Durham, northern England, includes Mali Richards, son of West Indian legend Sir Viv Richards, and Irish captain William Porterfield. “I am honoured to […]
Whatmore in dark over India future
DHAKA, May 28, 2007 (AFP) – Bangladesh’s outgoing coach Dav Whatmore on Monday denied as “mere speculation” reports he had been offered a job with India, saying nothing had been finalised yet.Indian media had reported for the past week that Whatmore, 53, had been offered a one-year contract by the Board of Control for Cricket […]
Sri Lanka-Abu Dhabi cricket tour row hots up
May 27, 2007 (AFP) – Sri Lankan cricket’s governing body hit back at the national team’s chief selector Sunday, after his dismissal of last week’s one-day series against Pakistan in Abu Dhabi as “absolutely ridiculous.” An official at Sri Lanka Cricket said they had sent two letters to Asantha de Mel, the chairman of selectors, […]
” players for cash
May 25, 2007 (AFP) – Sri Lanka’s senior cricket officials on Friday clashed over this week’s one-day series against Pakistan in Abu Dhabi, with the chief selector dismissing it as “absolutely ridiculous. ” Asantha De Mel said the series was too soon after the World Cup, criticising Sri Lanka Cricket which organised the lucrative one-day […]
Penney takes temporary charge of Sri Lanka
May 24, 2007 (AFP) – Outgoing Sri Lanka coach Tom Moody’s sidekick is taking charge of the national team until a formal appointment is made, a senior Sri Lanka Cricket source said Thursday.Trevor Penney, who played for English county side Warwickshire for 17 seasons, joined Moody in late 2005 as fielding coach.He was England’s fielding […]
Kumble boost for India in final Test
DHAKA, May 24, 2007 (AFP) – India’s bowling spearhead Anil Kumble is fit to torment Bangladesh as the tourists seek a series win when the second and final Test starts here on Friday.The 36-year-old, India’s most successful bowler in both forms of the game with 547 Test and 337 one-day wickets, did not bat or […]