Category: Industry
Fleming resigns as New Zealand one-day skipper
KINGSTON, Jamaica, April 24, 2007 (AFP) – New Zealand’s Stephen Fleming announced his resignation as captain of his country’s one-day team after the 81-run defeat by Sri Lanka in the World Cup semi-finals here on Tuesday.But Fleming said he wants to continue playing in the side and stay in charge of the Test team. The […]
We were outclassed, says Fleming
KINGSTON, Jamaica, April 24, 2007 (AFP) – New Zealand captain Stephen Fleming admitted his side had been completely outclassed by Sri Lanka after the Asian side cruised into the World Cup final on Tuesday.Sri Lanka, riding on the back of an unbeaten 115 by skipper Mahela Jayawardene, wrapped up an 81-run win and will now […]
‘s Arnold to retire after World Cup
April 25, 2007 (AFP) – Sri Lanka’s left-handed batsman Russel Arnold will retire from international cricket after the World Cup final, Sri Lanka Cricket (SLC) said on Wednesday.“Russel has informed his decision to team manager Michael Tissera in Jamaica and it has now been officially conveyed to the cricket board,” SLC spokesman Samantha Algama told […]
Cricket fever is over as road blast kills policemen
April 25, 2007 (AFP) – Tamil Tiger rebels and Sri Lankan soldiers held a truce as their national side marched to the World Cup final, but violence broke out soon after stumps were drawn.Five hours after the semi-final against New Zealand ended in Jamaica early Wednesday, two policemen were killed in a roadside blast. Suspected […]
Teaching Lessons
April 25, 2007 (LBO) – Two successful family owned businesses, Hemas Holdings Limited and Ceylon Biscuits Limited (CBL), have become case studies for students of a Sri Lankan post graduate school. The project was conducted by the faculty and students of the Post Graduate Institute of Management (PIM), funded by the USAID under The Competitiveness […]
Flying Engineers
April 25, 2007 (LBO) – SriLankan Airlines engineering unit that does third party aircraft maintenance is aiming for European standard certification that would allow it to extend the business to European airlines. We are currently working towards obtaining certification in the European standard EASA (European Aviation Safety Agency), which would enable us to carry out […]
Comfort Rating
April 25, 2007 (LBO) – Fitch Ratings has affirmed Merchant Credit of Sri Lanka’s investment grade BBB (lka) rating but said the finance companies non-performing loans were on the rise and profitability had fallen. Fitch said the outlook was stable and the rating took into account the implied support assumed to be available from its […]
Experience vital for Jayawardene
KINGSTON, Jamaica, April 23, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene is backing his side’s greater experience to see them through their World Cup semi-final against New Zealand.The teams meet Tuesday here at Sabina Park in the opening last four match of the first World Cup ever staged in the Caribbean, the victors facing […]
‘s body released by Jamaica coroner: report
KINGSTON, April 24, 2007 (AFP) – The body of murdered Pakistan cricket coach Bob Woolmer has been ordered by a coroner to be released to his family in South Africa, the Daily Gleaner newspaper reported Tuesday.The body of the 58-year-old former England international has been in judicial limbo since March 18 when he was found […]
Real Issue
April 24, 2007 (LBO) – High negative real rates paid to savers have seen deposit growth at Sri Lanka’s National Savings Bank plunge to a record low in 2006, the bank’s latest accounts show. NSB said it was the first state sector enterprise to present its annual report to the public. NSB’s deposits grew by […]
Port Consolidation
April 24, 2007 (LBO) – Maersk, the world’s largest container shipping line, is to buy a bigger stake in South Asia Gateway Terminals (SAGT), Colombo Port’s privatized transshipment facility, in a deal that sees Dubai Ports World selling out. Other shareholders of SAGT are Evergeen, SLPA, and multilateral lenders. Maersk is currently Colombo’s biggest customer […]
Sri Lanka coach Moody ridicules attack on Malinga bowling action
KINGSTON, April 23, 2007 (AFP) – Sri Lanka coach Tom Moody claims that unorthodox fast bowler Lasith Malinga has one of the straightest arms in cricket and said it’s ridiculous to suggest the 23-year-old’s action is illegal. “If we suddenly went to the MCC coaching manual and tried to get him over the top and […]