Category: Industry
Power Drive
April 09, 2007 – Sri Lanka Monday officially kicked off work on building a Japanese funded hydro power project in the island’s central hills, which will add 150 mega wattes of power to the national grid, the Japanese embassy here said.The 33.27 million dollar yen or 30 billion rupee Upper Kotmale project got off the […]
Hedge Win
April 09, 2007 (LBO) – Sri Lanka’s petroleum utility will get a 33 million rupee payment this week on the expiry of its first hedging contract for imported diesel, a top official said. Last month the utility raised petroleum prices by 7 rupees a litre (about 30 rupee a gallon). Updated The utility first bought […]
Bangladesh humiliate South Africa with shock win
GEORGETOWN, Guyana, April 7, 2007 (AFP) – Bangladesh dealt a potentially fatal blow to South Africa’s hopes of qualifying for the World Cup semi-finals with a stunning 67-run victory in the Super Eights here on Saturday. Bangladesh did the unexpected when they dismissed South Africa for a modest 184 on a slow pitch after having […]
Bangladesh 2007, Sri Lanka 1975…
ST JOHN’S, Antigua, April 7, 2007 (AFP) – This World Cup was widely derided in advance for having too many minnow nations. But somebody forgot to tell little Bangladesh that they don’t belong. After beating India in the first round, they proved on Saturday that that result was no fluke with a 67-run Super Eights […]
Fans feeling blue over missing India
GEORGETOWN, Guyana, April 7, 2007 (AFP) – Hundreds of Indian fans, who dreamt of seeing India and star batsman Sachin Tendulkar take on South Africa here on Saturday, were left cursing their luck at the National Stadium. If things had gone to plan, India would have qualified from the first round to take their place […]
South Africans lose match fees for slow over-rate in Bangladesh defeat
GEORGETOWN, Guyana, April 8, 2007 (AFP) – The International Cricket Council (ICC) match referee Chris Broad rubbed salt in South Africa’s wounds by handing them a fine for a slow over-rate fine during their 67-run defeat against Bangladesh here Saturday. “Chris Broad imposed the fines after Graeme Smith’s side was ruled to be one over […]
Enigmatic Ashraful is Bangladeshi hero
GEORGETOWN, Guyana, April 8, 2007 (AFP) – Stylish batsman Mohammad Ashraful finally bridged the gap between potential and performance with his brisk half-century in Bangladesh’s shock win over South Africa in the World Cup. He has often come under fire for performing much below his potential since making a dream debut against Sri Lanka in […]
Telecom Gains
April 08, (LBO) – Telecom operators who rolled out rural networks in the last three years will get a five billion rupee refund of levies collected from every incoming international call minute. Incumbent Sri Lanka Telecom (SLT) will get the largest slice, boosting its 2nd quarter earnings by up to three billion rupees. Other telecom […]
Fresh Funds
April 08, 2007 (LBO) – Massachusetts-based Virtusa Corp., an information-technology services firm with operations in Sri Lanka, is seeking 92 million dollars through a NASDAQ listing. The underwriters for the offering were listed as JP Morgan, Bear Stearns & Co., Cowen and Co. and William Blair & Co. The company, headed by a Sri Lankan, […]
Cut down on endorsements, India players told
MUMBAI, April 6, 2007 (AFP) – India’s super-rich cricketers must cut down on their commercial dealings, the country’s former captains recommended on Friday while reviewing the team’s World Cup debacle. Seven ex-captains, summoned by the Board of Control for Cricket in India (BCCI) to chart a future course of action, also wanted the team’s international […]
” remarks
GEORGETOWN, Guyana, April 7, 2007 (AFP) – Bangladesh captain Habibul Bashar insisted on Friday that coach Dave Whatmore’s interest in taking charge of the India team has not been a distraction at the World Cup. Whatmore, who has been instrumental in guiding Bangladesh to the Super Eights for the first time, has declared his interest […]
Bangladesh gets ready for possible bidding war with India over Whatmore
DHAKA, April 6, 2007 (AFP) – Bangladesh cricket chiefs will convene an emergency meeting next week to discuss Dav Whatmore’s future after he joined the race to succeed Greg Chappell as new coach of India, an official said.India, one of the pre-tournament favourites, were upset by Bangladesh in the first match and also lost to […]