Category: Industry
Indian Bypass
June 28, 2007 (AFP) – Sri Lankan exporters are being squeezed as fewer container ships heading west call into Colombo, with global shipping lines moving more business to India and its booming economy. Both projects have been delayed for over a decade because of poor government policy and analysts fear that further delays could see […]
Own Fleet
June 28 (LBO) – Sri Lanka’s national shipping line has shelved plans to acquire a tanker for crude oil imports and is going ahead with the purchase of a cargo vessel to supply the northern Jaffna peninsula, an official said Ceylon Shipping Corporation (CSC) officials said a cargo ship is the more urgent requirement because […]
Chinese Squeeze
June 28 (LBO) – Sri Lankan exporters look set for difficult times with freight rates on the rise and their cargo being squeezed out of container ships chock full of Chinese exports, a top freight forwarder said Wednesday. “We do have a problem,” Niral Kadawatharatchie, chairman of the Sri Lanka Freight Forwarders’ Association told its […]
Ruling Roost
LONDON, June 28, 2007 (AFP) – Ten years after British energy markets were liberalised the customer is king and can put pressure on prices with a click of a computer mouse to change provider.Since Britain first prised open its gas and electricity markets to private households in 1998-1999, the market has settled down and prices […]
Murali and Malinga leads Sri Lanka in record win against Bangladesh
June 28, 2007 (AFP) – Lasith Malinga and Muttiah Muralitharan combined to destroy Bangladesh as Sri Lanka won the first Test of their three-match series by an innings and 234 runs.Both bowlers finished with four wickets each as Bangladesh, resuming their second innings at 233-5, were shot out for 254 within 30 minutes of the […]
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 […]