Category: Industry
Reconnecting
May 2, 2007 (AFP) – Dubai’s Emirates Airlines said on Wednesday it would resume day-time services to Sri Lanka which were suspended following Tamil rebel air raids near the island’s only international airport.Sri Lanka lost to Australia in Saturday’s final in Barbados.“Following a review of the situation in the Sri Lankan capital, Colombo, Emirates will […]
Large Loan
May 01, 2007 (LBO) – Bank of Ceylon said it had completed Sri Lanka’s largest international syndicated loan when it raised 210 million dollars in a 3-year facility arranged by HSBC. “The success of this loan syndication epitomises the resourcefulness of the global giant HSBC in being able to draw on their international expertise and […]
Aviation Hub
May 01, 2007 (LBO) – A trimming of services to Sri Lanka by major international carriers is undermining Colombo’s aspirations to be a regional aviation hub, in addition to hitting the island’s tourist industry. Sri Lanka now has to buy expensive defensive equipment at a cost that is totally disproportionate to the size of the […]
Third Dimension
May 01, 2007 (LBO) – Chamath Champika Jayalath was watching the Sri Lanka-Australia Cricket World Cup final shortly after 1.00 am Sunday when suddenly power supply went off. Waiting for power to come back, Jayalath was startled by the sound of explosions and heavy gunfire. Rushing out, he saw tracer bullets streaming into the night […]
No Connection
April 30, (LBO) – Emirates Airlines said Monday flights to Colombo will remain suspended after a security review, following Tamil Tiger rebel air raids. The Katunayake airbase itself was bombed on March 26 in the rebels’ first air strike. The airline, which manages and partly owns SriLankan, the island’s national carrier, suspended flights along with […]
” to Sri Lanka – Australia farce: Speed
BRIDGETOWN, Barbados, April 30, 2007 (AFP) – Officials whose error led to the farcical finish in the World Cup Final do still have a future in cricket, according to Malcolm Speed. The International Cricket Council chief executive said the five-man playing control team led by match referee Jeff Crowe were full of regret for their […]
Be Prepared
April 30, 2007 (LBO) – Two Sri Lankan firms which are providing disaster recovery services for BPO firms in Sri Lanka are expanding and hunting for more business. Lanka Communication (LankaCom) and Blue Chip Customer Engineering say natural disasters and increasing unrest is driving businesses to look for disaster recovery specialists to provide business continuity […]
Full Control
KUALA LUMPUR, April 30, 2007 (AFP) – Malaysia’s largest mobile operator Maxis Communications said Monday that controlling shareholder, businessman Ananda Krishna has made an offer to take the company private. Maxis said in a statement to the Kuala Lumpur stock exchange that its substantial shareholder, Usaha Tegas — Ananda’s private company — intends “to launch […]
Day Only
April 30, 2007 (LBO) – Singapore Airlines has stopped night flights to Colombo, the airline said Monday, after the third incident involving Tamil Tiger aircraft and anti-aircraft fire from an air base adjoining the main airport. “Singapore Airlines wishes to inform all its customers and the traveling public that following a security review, effective from […]
Little Damage
April 29, 2007 (LBO) – The Indian and Dutch partners of petroleum facilities targeted by Tamil Tigers, which are jointly owned with the government of Sri Lanka, are confident of resuming normal business as the damage is minimal, officials said. The Tigers first hit a petroleum facility in Kolonnawa, a suburb of Colombo, which is […]
Gilchrist sets new World Cup record in final against Sri Lanka
BRIDGETOWN, Barbados, April 28, 2007 (AFP) – Australia’s Adam Gilchrist set a new record for the highest individual innings in a World Cup final when scoring 149 against Sri Lanka here on Saturday.His innings surpassed the previous best of 140 not out by Australia captain Ricky Ponting, at the crease when his record was broken, […]
Sri Lankans abort party amid air attacks
April 29, 2007 (AFP) – The Sri Lankan capital was enveloped in “total panic” early Sunday as Tamil Tiger air attacks forced World Cup cricket fans to flee their parties for safety.Fans dressed in the Sri Lankan team T-shirts and carrying the national flag had earlier braved the rain to gather in their hundreds at […]