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 […]
Port Builders
April 09, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is having a pre-bid meeting Tuesday with private investors keen on building container terminals in Colombo’s new south port whose infrastructure work has attracted interest from 30 investor consortia, an official said. SLPA chairman Saliya Wickramasooriya said Monday the original date for opening bids […]
Aussie win leaves England on brink of World Cup exit
ST JOHN’S, Antigua, April 8, 2007 (AFP) – Australia captain Ricky Ponting’s 86 helped see the champions a step nearer the World Cup semi-finals as they beat England by seven wickets in the Super Eights match at the Sir Vivian Richards Stadium here Sunday. Together with Michael Clarke, Ponting shared a third-wicket stand of 112 […]
‘s golden oldies
ST GEORGE’S, Grenada, April 9, 2007 (AFP) – Wicket-keeper Kumar Sangakkara believes golden oldies Sanath Jayasuriya and Muttiah Muralitharan are proving to be the inspiration as Sri Lanka target a second World Cup title. “The win was important for us and we know now that we have an excellent chance of qualifying for the semi-finals […]
India fans want Bangladesh to enter semi-finals
NEW DELHI, April 9, 2007 (AFP) – Bangladesh’s stunning progress in the World Cup has given cricket lovers in India reason to cheer again after their own team was knocked out in the first round.The giant-killing feats of Habibur Bashar’s men have revived interest in the tournament for millions of Indians, who now want both […]
Sales Push
April 09, 2007 (LBO) – Open source middleware company, WSO2 founded by a Sri Lankan, is ratcheting up its marketing efforts in the United States and Europe after developing its own products, the company said. œWe’re at the point where we have passed the research stage and are now building markets, declared said Sanjiva Weerawarana, […]
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April 09, 2007 (LBO) – Two Sri Lankan software and mobile phone technology developments meant to give warning and help relief efforts during disasters recently won international recognition. They are Sahana, an open source software programme developed by volunteers after the Asian tsunami to help find missing people and improve aid agency relief efforts, and […]
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, […]
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 […]