Category: Industry
Sri Lanka minus stars for Pakistan encounter
May 6, 2007 (AFP) – Sri Lanka will be without some of its star players for the three-match one-day series with Pakistan in Abu Dhabi later this month, a senior official said here Sunday. The 2007 World Cup runners-up team which will play matches with Pakistan from May 18-22 in Abu Dhabi will be without […]
More Protection
May 6, 2007 (AFP) – Sri Lanka is to tax film producers who use foreign stars in a move to protect its own movie market and combat cheaper imported labour from India, an industry official said Sunday. Domestic film makers who use foreign actors in a lead role will have to pay 250,000 rupees (2,400 […]
Profit Warning
May 05, 2007 (LBO) – Emirates, which owns 40 percent of SriLankan Airlines has warned its main shareholder, the Dubai government, that profits of the South Asian associate will fall in 2007. “SriLankan faces another difficult year ahead and unless a solution is found to the ongoing security situation, there may not be a significant […]
Sri Lankan veteran tight-lipped on retirement
May 3, 2007 (AFP) – Sri Lanka’s veteran opening batsman Sanath Jayasuriya was non-committal Thursday about playing in the cricket World Cup’s next edition in 2011, saying it was too early to mull the prospect.Upon his return to the island Thursday after Sri Lanka’s World Cup campaign in the Caribbean, the left-handed opener said it […]
Liquidity Search
May 04, 2007 (LBO) – Malaysia Telekom is looking to increase the liquidity of its Sri Lanka unit’s stock, by selling down a small part of its majority stake in Dialog Telekom, the largest mobile operator in the island. “We are constantly looking at all possible options to strengthen the performance of Dialog Telekom,” Malaysia […]
Wireless Chase
May 04, 2007 (LBO) – The race to buy the fixed wireless operator Suntel has narrowed down to four contenders, with an Indian telecom firm expecting to conduct due diligence on the Sri Lankan operator soon. Originally seven firms were in the running to buy Suntel, a unit of Sweden’s Telia. “In the short-list there […]
New Sked
May 04, 2007 (LBO) – SriLankan Airlines is re-scheduling all its flights ahead of the closure of Colombo airport during the night, the airline said Friday. “Following discussions with the Ministry of Ports and Aviation and the Department of Civil Aviation, SriLankan Airlines will be rescheduling its flights to operate between 5.00 am and 9.00 […]
Watery Depression
May 04, 2007 (LBO) – Heavy rains lashed Sri Lanka’s capital for the second day, putting large areas under water, while the authorities closed part of the main road from Colombo to the south when a section caved in. Weather officials say rain caused by a depression in the Bay of Bengal may continue for […]
‘s World Cup stars return
May 3, 2007 (AFP) – Sri Lanka’s World Cup cricketers returned to an elaborate welcome Thursday after being stranded in London following Tamil Tiger rebel air raids in Colombo, officials said on Tuesday.The team was received at the VIP lounge of the Bandaranaike International airport where Buddhist monks, Hindu and Catholic priests and Muslim clerics […]
Jayawardena says they lost to a better team
May 3, 2007 (AFP) – Sri Lanka’s skipper Mahela Jayawardene returned home expressing disappointment over his team’s failure to secure the cricket World Cup, but said they lost to a better Australian team. Cricket fans lined up along the team’s route from the international airport despite heavy rains which lashed the city, after the World […]
Flat Chat
May 3, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom revenue grew 26 percent but consolidated profits remained flat in the March quarter as newly acquired subsidiaries dragged its bottom-line down. Group profit after tax for the three months ended March 2007, was 2,426 million rupees against 2,397 million rupees last year, up one […]
Airport Curfew
COLOMBO, May 3, 2007 (AFP) – Sri Lanka’s international airport will close at night from next week following a spate of bombing raids by Tamil Tiger aircraft taking the cover of darkness, a top aviation official told AFP. The Bandaranaike International Airport would close for six hours nightly from May 10, acting director general of […]