Category: Industry
Sino Wheels
June 21, 2007(LBO) – One of Sri Lanka’s largest used vehicle importers plans to import small cars from China and strike a deal with a big Chinese automaker to assemble vehicles locally, an official said.Sterling Automobiles, which claims to import half the reconditioned vehicles to the country from Japan, has just launched a brand new […]
Still Trying
June 21, 2007 (AFP) – The tsunami-devastated Galle International Stadium may not be ready to host the first Test against England later this year.England are scheduled to play at the ground, one of the world’s most picturesque cricket venues, overlooked by a centuries-old Dutch Fort, at the start of December. However, a senior official connected […]
‘s service to the Sri Lanka helps him out
June 21, 2007 (AFP) – Former Sri Lanka captain Marvan Atapattu will not be subjected to a disciplinary inquiry despite his self-imposed absence from the home series against Bangladesh, officials said here Thursday.It was initially expected that Sri Lanka Cricket (SLC) would ask the 37-year-old right-hander to show cause for his decision to stay out […]
Virtuous Way
June 21, 2007 (LBO) – Sri Lanka’s open source software community is promoting free programs that can be used on operating systems like Microsoft Windows, without breaking anyone’s copyright. . Related Link: Foss Community Website . . The Free and Open Source Software (FOSS) advocacy community says, individuals or small companies that cannot afford proprietary […]
Debenture Quality
June 21, 2007 (LBO) – A 5-year, two billion rupee debenture issue of DFCC Bank has been assigned a rating of AA (lka) while the bank’s long-term rating of the same level has been confirmed, Fitch Ratings said. The rating agency also confirmed the AA- (lka) tag of DFCC’s subordinated debt was also confirmed. The […]
Making Sense
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking network with a good credit culture as an independent entity, officials said. Officials say Lankaputhra can take-over SME Bank under the provisions of company law, but […]
Imagine Cup
June 19, 2007 (LBO) – Sri Lanka’s young software developers lack resources but not dedication or talent, says former winners of a students technology competition promoted by the software giant, Microsoft. The Imagine Cup encourages young people to apply their imagination, passion and creativity to develop technological solutions to real world issues, say its organizers. […]
Fund Power
June 19, 2007 (LBO) – Institutional investors in Sri Lanka’s small stock market still lack the strength to influence managements of listed firms on issues like corporate governance, a top fund manager said. Unit trusts or mutual funds still hold only a small slice of the equities on the Colombo bourse, according to S. Jeyavarman, […]
Normal Operations
June 19, 2007 (AFP) – Sri Lanka’s only international airport is to resume around-the-clock operations after air raids by the Tamil Tiger rebels forced its closure at night, an official said Tuesday. The Tamil Tiger rebels have been fighting for a separate homeland since 1972. More than 60,000 people have been killed in the conflict.The […]
Sri Lanka, Bangladesh, Pakistan and India begin talks for 2011 World Cup
BHURBAN, Pakistan, June 17, 2007 (AFP) – Top cricket officials from across South Asia will meet here Monday to launch preparations for the 2011 World Cup, which will mark the third time the tournament has been played in the region.India, Pakistan, Sri Lanka and Bangladesh (IPSB) will jointly hold the mega-event, with the opening ceremony […]
Affordable tickets for fans in Sri Lanka and subcontinent at next World Cup
BHURBAN, Pakistan, June 18, 2007 (AFP) – The South Asian nations hosting the 2011 cricket World Cup promised on Monday to hold a spectator-friendly tournament with affordable ticket prices.The next organising committee meeting will be held in India in November-December this year. The pledge by India, Pakistan, Sri Lanka and Bangladesh comes after the 2007 […]
Knowledge Cash
June 18, 2007 (LBO) – Amba Research, an investment research outsourcing firm which raised new venture capital financing Monday, is planning to expand operations in Sri Lanka, officials said. Over the last two years the government absorbed 42,000 unemployed graduates into the already bloated public sector, while outfits like Amba is searching high and low […]