Category: Industry
‘s Maharoof and Murali torpedo Ireland
ST GEORGE’S, Grenada, April 18, 2007 (AFP) – Sri Lanka’s Farveez Maharoof and Muttiah Muralitharan took four wickets each to set up an eight-wicket win against Ireland, who bowed out of the World Cup by making 77 – the sixth lowest total in the competition’s history – here on Wednesday.Maharoof, playing in the side because […]
Maharoof gives Sri Lanka selectors a headache
ST GEORGE’S, Grenada, April 18, 2007 (AFP) – Sri Lanka seamer Farveez Maharoof gave Sri Lanka a World Cup semi-final selection headache on Wednesday when he claimed four victims in his team’s Super Eights eight-wicket win over Ireland.Maharoof, playing in the side because of an injury to Lasith Malinga while Dilhara Fernando was rested, made […]
Different Strokes
April 18, 2007 (LBO) – Fledgling Islamic insurer, Amana Takaful Insurance (ATI), which was listed on the second board of the Colombo bourse last November, has reported a 57 percent growth in premium collections it the audited accounts for 2006. The company’s shares last traded at 31.50 at the close of market in April though […]
Merchant Rating
April 18, 2007 (LBO) – Merchant Bank of Sri Lanka, a listed subsidiary of the state-owned Bank of Ceylon, has received a AA3 rating for its proposed 600 million-rupee debenture, Lanka Rating Agency (LRA) said Wednesday. LRA says MBSL’s growth is capped by its funding. “The rating of the proposed debt issue is similar to […]
Trishaw Finance
April 18, 2007 (LBO) – A small Sri Lankan finance company to which specializes in funding three-wheeled auto-rickshaws is showing high profitability, Fitch Ratings which assigned the firm a BB+ (lka) rating said Wednesday. About 95 percent of the assets of Trade Finance and Investments (TFI) in the 9-months ending December 2006 was in three-wheeler […]
Squeezed Through
April 18, 2007 (LBO) – Fitch Ratings Lanka Wednesday confirmed Ceylease Financial Services Ltd’s (CFS) national long-term rating at ‘BBB-(lka)’ with a stable outlook, despite worsening solvency.Fitch says there is implied support from state-owned Bank of Ceylon, rated AA (lka), which owns 50 percent of the company. At the end of the 2006 financial year […]
World Cup takes steps in wrong direction
BRIDGETOWN, Barbados, April 17, 2007 (AFP) – From the country that gave you Riverdance, Ireland can now boast The Chicken and The Ferret.The Irish team’s World Cup campaign, which has accounted for Pakistan and Bangladesh, has also spawned a couple of new moves which would definitely look out of place at all self-respecting nightclubs. Captain […]
Resting stars leave Sri Lanka fans fuming
April 17, 2007 (AFP) – Sri Lankan cricket fans Tuesday expressed frustration and disappointment over their team’s tactics in resting top players for the World Cup clash against Australia.Sri Lanka, already assured of a place in the semi-finals, kept out star bowlers Chaminda Vaas and Muttiah Muralitharan for the Super Eights match in Grenada on […]
Pakistan to sack 80 cricket officials
ISLAMABAD, April 17, 2007 (AFP) – The Pakistan Cricket Board said Tuesday it will sack 80 employees, including some senior management officials, in the wake of the national team’s World Cup fiasco.Pakistan were ousted from the tournament after a humiliating defeat by minnows Ireland on March 17.Coach Bob Woolmer was found murdered in his hotel […]
Sri Lanka tourism downturn delays Rs500mn Serendib re-branding
April 17, 2007 (LBO) – A downturn in tourism triggered by escalating violence has forced Serendib Hotels to put off plans to re-brand three hotels with a foreign leisure group, its holding company Hemas said. The mass market is still coming and our Dolphin hotel is doing well. Hotel Serendib, Bentota, controlled by the public-listed […]
Under-strength Sri Lanka lose to Australia by 7-wickets
ST GEORGE’S, Grenada, April 16, 2007 (AFP) – Australia captain Ricky Ponting scored an unbeaten 66 as the champions stretched their unbeaten run at the World Cup to 26 games and 20 consecutive wins with a seven-wicket Super Eights victory against an under-strength Sri Lanka here Monday. Australia had a minor wobble when occasional off-spinner […]
Aussies mystified by Vaas and Murali absence
ST GEORGE’S, Grenada, April 16, 2007 (AFP) – Australia’s Andrew Symonds admitted he was stunned to see Sri Lanka rest frontline bowlers Chaminda Vaas and Muttiah Muralitharan from their World Cup Super Eights clash on Monday. Australia face New Zealand in their last Super Eights game here on Friday Symonds smashed an unbeaten 63 as […]