Category: Industry
” 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 […]
Slipping In
May 25, 2007 (LBO) – The Sri Lanka unit of the Indian Oil Corporation is planning to boost its 13 percent share in the island’s lube business after getting the government nod to enter the licensed industry, the company said Friday. The company said the secretary of Sri Lanka’s Ministry of Petroleum and Petroleum Resources […]
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 […]
No Moody blues as Sri Lanka give him perfect farewell gift
ABU DHABI, May 22, 2007 (AFP) – World Cup finalists Sri Lanka gave their Australian coach Tom Moody an ideal goodbye here on Tuesday as they beat Pakistan by 115 runs in their third and final one day international.Sri Lanka – whom Moody has been coach of since 2005 – made 296-9 off 50 overs […]
General Growth
May 25, 2007 (LBO) – Janashakthi Insurance Co. Ltd, says general insurance premiums grew 37 percent in the first quarter with motor insurance growing 40 percent. The general insurance has grossed 1,028 million rupees, which was up 277 million for the March quarter. Gross written premium of the life side has also grown 27 percent. […]
Dubai Flight
May 25, 2007 (LBO) – Sri Lanka government and Emirates airlines would soon have discussions on extending Srilankan Airlines’ management deal with the Dubai based carrier, a top official said. “A team is coming to meet the President on this,” Finance Ministry Secretary P B Jayasundera told LBO Friday. Dubai government-owned Emirates has a 10-year […]
Oil Numbers
May 24, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation has posted higher profits in the March quarter helped by a provision write-back and supply of refined products to the Ceylon Petroleum Corporation. Lanka IOC posted net profits of 874 million rupees in the 3-months to March (344.7 million rupees in […]
Money Talks
May 24, 2007 (LBO) – Shareholders of Dialog has approved its 15.5 billion rupee rights issue which is the highest cash call made on the Colombo Stock Exchange, the company said. Dialog says the financing forms a part of a larger medium term funding programme, which would include more local and off-shore debt infusions to […]
Maritime Stakes
May 24, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is to start construction work on the planned new deep-water port in Hambantota on the island’s south coast in the first week of June, officials said. The first phase of the project is to be completed in three years and three months, SLPA vice […]
Dot Mobile
A Colombo city guide on the internet, available on mobile phones, that offers useful services and shopping was launched this week.Billed as a ‘city guide in your hand’, colombocity.mobi (pronounced DotMobi) is a new development of made-for-mobile internet sites. The local site was launched by Infotechs in association with content providers like ‘Living’ magazine with […]
Security Hit
May 23, 2007 (LBO) – Alpha Airports, a UK firm which owns and operates the duty free liquor franchise at Colombo airport has warned of a downturn in business in a stock exchange filing. The company whose parent is listed in the London Stock Exchange said its airport retail stores in the UK grew 8 […]