Category: Industry
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 […]
Synthetic Fuel
WASHINGTON, June 17, 2007 (AFP) – A fiery debate has been rekindled in Washington as US lawmakers mull proposed incentives to produce diesel fuel from coal.“By using one of our nation’s most abundant natural resources, coal, to produce transportation fuels, we can address fuel cost concerns, make our nation less reliant on imports from politically […]
Bangladesh in Sri Lanka despite security fears
June 17, 2007 (AFP) – Bangladesh’s national cricket team arrived in Sri Lanka on Sunday for three Test matches and three one-day internationals despite heightened fears of Tamil Tiger bomb attacks, officials said. The Sri Lankan government immediately hailed the visit as a sign of confidence in the island’s security arrangements. “The Bangladeshi government has […]
Atapattu opts out of Sri Lanka team for Bangladesh series
June 17, 2007 (AFP) – Sri Lanka’s former captain and opening batsman Marvan Atapattu has opted out of the Test series against Bangladesh, a top Sri Lanka Cricket official said Sunday.SLC secretary Kangadaran Mathivanan said the former skipper had told them he would not be available for the Bangladesh tournament despite being chosen for the […]
Disturbing Rule
June 17, 2007 (LBO) – Sri Lanka’s insurance industry has voiced concern over a recent proposal by regulators to transfer the Strike, Riot, Civil Commotion and Terrorism Fund to the National Insurance Trust Fund. The industry is asking the government to relax the proposal for compulsory ceding of re-insurance premiums, said Marina Tharmaratnam, CEO of […]
Heaven Sent
June 16, 2007 (LBO) – Sri Lanka’s power utility has increased its hydro storage after heavy rains in the last three days, and if the trend continues it may be able to avoid power cuts in the immediate future, LBO learns. The Ceylon Electricity Board warned that power cuts were imminent after monsoon rains were […]
Digital Sheep
WASHINGTON, June 15, 2007 (AFP) – The FBI is in the process of locating and notifying the users of one million computers controlled by hackers through automated crime networks or “botnets,” officials said Friday.The FBI warned computer users that it would not contact victims online, and said any e-mails suggesting this should be viewed with […]
Sailing Away
June 15, 2007 (LBO) – Sri Lanka’s Aitken Spence conglomerate is exiting from its ship-owning business because of lower earnings from chartering and rising maintenance costs, the company has said. The group has begun selling its fleet of small cargo ships which until recently helped boost the group’s bottom line. The group made a “strategic […]
Off-Grid
June 15, 2007 (LBO) – Sri Lanka will be able to light up 60,000 rural homes and also connect new private-sector renewable energy to the urban power grid with a new World Bank credit, the multilateral lender said. Only three-fourths of households in Sri Lanka have grid-connected power and it is too expensive for the […]
New coach say Sri Lanka can win World Cup
June 15, 2007 (AFP) – Sri Lanka’s new coach Trevor Bayliss Friday said he was hopeful that the island could win the next World Cup.Bayliss, 44, was picked Thursday night to replace another Australian, Tom Moody, who quit last month to work with Western Australia after having guided Sri Lanka to the World Cup final. […]