Category: Industry
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 […]
Cracker Deal
April 23, 2007 (LBO) – Listed-firm Hemas Holdings which is strong in marketing fast moving consumer goods and Maliban, a biscuit maker, said Monday they are exploring a strategic alliance. “The possible future alliance is being discussed with a view to further enhancing the Maliban brand equity and boosting the distribution of Maliban products, both […]
Secret Confiscation
April 23, 2007 (LBO) – The losses caused to a pension fund of two million Sri Lankan workers by the authorities through the use of a barely understood monetary technique reached a peak in 2006, according to the latest official data. “You know richer people, who can get the help of good accountants, good advisors […]
Changing Heads
April 23, 2007 (LBO) – Lanka Orix Leasing Company, a listed leasing company, had hired Citibanker Kapila Jayawardena as Group Chief Executive Officer, the company told the Colombo Stock Exchange Monday. He would also be Managing Director/CEO of Lanka Orix Leasing Company. “Well I have been working mainly in the corporate banking arena. This gives […]
New Formula
April 23, 2007 (LBO) – Sri Lanka’s largest petroleum retailer the state-owned Ceylon Petroleum Corporation (CPC) may return to monthly price adjustments once it had recovered current losses, the country’s petroleum minister said. CPC shares Sri Lanka’s petroleum distribution with Lanka IOC, a unit of Indian Oil Corporation, which has 30 percent of the market. […]
‘s Maharoof pledges 200 percent against New Zealand
KINGSTON, Jamaica, April 23, 2007 (AFP) – Sri Lanka seamer Farveez Maharoof pledged to give 200 percent if that’s what it takes to defeat New Zealand in the World Cup semi-finals here on Tuesday. Maharoof made a compelling case for a starting place in the team with a man-of-the-match performance against Ireland last week where […]
Cricketing nations look towards world cup aftermath
BRIDGETOWN, Barbados, April 23, 2007 (AFP) – Ins and outs of coaches and captains at the World Cup with five days left in the 2007 tournament: AUSTRALIA On top of the world, the two-time defnding champions are already in the semi-finals, where they face South Africa in St Lucia on Wednesday, and are odds-on to […]
‘t write off Black Caps, says Wright
KINGSTON, Jamaica, April 23, 2007 (AFP) – Former New Zealand captain John Wright believes it would be a mistake to write off the Black Caps’ World Cup chances despite their crushing defeat to Australia.Stephen Fleming’s men crashed to a 215-run defeat to the defending champions in their last Super Eights match on Friday. It was […]
Kallis and Hayden begin mind games
GROS ISLET, St Lucia, April 23, 2007 (AFP) – Heavyweight hitters Jacques Kallis and Matthew Hayden kicked off the mind games ahead of Australia and South Africa’s potentially explosive World Cup semi-final on Wednesday. Kallis is one of four survivors from the dramatic tied semi-final against Australia at the 1999 World Cup in Birmingham, together […]
Sri Lanka v New Zealand head-to-head;last 10 meetings five each
KINGSTON, Jamaica, April 23, 2007 (AFP) – Sri Lanka v New Zealand head-to-head record ahead of their World Cup semi-final at Sabina Park here on Tuesday: Total meetings: 67 Sri Lanka wins: 29 New Zealand wins: 34 Tied: 1 No Result: 2 Match abandoned: 1 Last 10 meetings 31/12/2005: Queenstown New Zealand won by 7 […]
Murali to be feared and Patel might squeeze in
KINGSTON, Jamaica, April 23, 2007 (AFP) – Muttiah Muralitharan’s extraordinary abilities have transfixed cricket for more than a decade but there will be another off-spinner looking to have a major say when Sri Lanka and New Zealand clash for a World Cup final place.Jeetan Patel wasn’t even sure of his spot in New Zealand’s team […]
Fleming targets top order in Sri Lanka semi
KINGSTON, Jamaica, April 23, 2007 (AFP) – New Zealand captain Stephen Fleming believes Sri Lanka’s top order batting is a weakness the Black Caps can expose when the teams meet in Tuesday’s World Cup semi-final. The pitch at Kingston’s Sabina Park is expected to be far bouncier than the one in Grenada on April 12 […]