Category: Industry
Triple Play
March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum credit enhancement levels have been breached at several points. Monthly prepayments have hovered between 0 and 3.6 percent of the outstanding pool principal, while a 15.9 percent of the initial pool […]
Phone Cover
March 18, 2007 (LBO) – From fashion accessory to personal organizer to entertainment provider, mobile phones have become every persons must-have, turning mobile dependant Sri Lankans into a big business for insurers. Mobile phones have the looks for those who want it or increasingly better technology at cheaper prices to suit the most selective customer. […]
Bangladesh send India crashing in upset 5-wicket win
PORT OF SPAIN, Trinidad, March 17, 2007 (AFP) – Teenager Tamim Iqbal and Mashrafe Mortaza turned giant-killers to script Bangladesh’s upset five-wicket victory over India in their opening World Cup match here on Saturday.Both the teams observed a minute’s silence before the match in memory of Bangladeshi cricketer Manjural Islam, who died in a road […]
Sino Access
March 17 (LBO) – Sri Lanka and China have agreed to expand air links following talks in Beijing this week, paving the way for 28 weekly flights, the foreign ministry said. Sri Lankan carriers would be able fly 21 weekly frequencies for passenger services and 7 weekly frequencies for cargo services to five Chinese destinations […]
Sri Lanka humiliate Bermuda in 243-run Cup mauling
PORT OF SPAIN, Trinidad, March 15, 2007 (AFP) – Debutants Bermuda found life at the top extremely uncomfortable as they crashed to a massive 243-run defeat against Sri Lanka in their opening World Cup match here on Thursday. It was the second-biggest defeat by run-margin in the tournament history after Namibia’s 256-run loss to defending […]
Double delight for Sri Lanka after Cup opener
PORT OF SPAIN, Trinidad, March 16, 2007 (AFP) – Sri Lanka were just as pleased with skipper Mahela Jayawardene’s return to form ahead of two big World Cup games as they were with their crushing win over hapless Bermuda. “For us, it is always good to have these countries playing in big tournaments.That was how […]
An amazing experience, says Bermuda captain
PORT OF SPAIN, Trinidad, March 16, 2007 (AFP) – Bermuda may have suffered a humiliating defeat on their World Cup debut against Sri Lanka here, but skipper Irving Romaine says the experience matters more for his team than the result. “We were all emotional and it showed in a couple of early overs.The experience is […]
India wary of unpredictable Bangladesh
PORT OF SPAIN, Trinidad, March 16, 2007 (AFP) – India are determined to avoid a Kiwi headache when they clash with Bangladesh in their opening World Cup match at the Queen’s Park Oval here on Saturday. “If the boys are able to keep their focus and set about their task, and control what they can […]
World Cup results and tables
BRIDGETOWN, Barbados, March 18, 2007 (AFP) – Results and tables on Sunday in the first round of the 2007 World Cup: Group A At Basseterre, St Kitts Australia bt Netherlands by 229 runs Group C At Gros Islet, St Lucia England bt Canada by 51 runs Standings (played, won, lost, no result, tied, net run […]
Marine Land
March 15 (LBO) – Sri Lanka has accepted a proposal to reclaim the sea and develop 450 acres of land alongside the Colombo Port by John Keells Holdings (JKH), a senior minister said. Updated/adds quotes “In the committee headed by the president we approved a very important and a flagship project to add 450 acres […]