Category: Industry
Willis calls for Vaughan axe
BRIDGETOWN, Barbados, April 18, 2007 (AFP) – Former England captain Bob Willis demanded Michael Vaughan be axed as skipper following the team’s World Cup exit.Willis, now a TV pundit, said coach Duncan Fletcher and chairman of selectors David Graveney should also be removed from their postitions after South Africa’s thumping nine-wicket win condemned Vaughan’s men […]
Sarwan emerges front-runner for West Indies captaincy
BRIDGETOWN, Barbados, April 18, 2007 (AFP) – Middle-order batsman Ramnaresh Sarwan is all set to be named as the West Indies captain for their next month’s tour of England replacing the under-fire Brian Lara.The enigmatic Lara is likely to face the axe after West Indies’ unimpressive World Cup performance which saw them losing four of […]
‘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 […]
Price Pressure
April 18, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC) which lost 1.5 billion rupees in 2006 is seeking a price hike to ward off an 800 million rupee loss by April, but the government is only permitting half the increase sought by the utility. Funds were also needed lay a new pipeline from Muthurajawela […]
Cup Semi-finalists are on board
RIDGETOWN, Barbados, April 16, 2007 (AFP) – Results and standings in the Super Eights of the 2007 World Cup on Tuesday: At Bridgetown, Barbados South Africa bt England by 9 wkts Super Eights standings (played, won, lost, tied, no-result, run-rate, points): Australia 6 6 0 0 0 +2.03 12.0 – qualified for semi-finals New Zealand […]
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 […]