Category: Industry
Was the Pakistan coach murdered?
KINGSTON, Jamaica, March 21, 2007 (AFP) – The death of Pakistan cricket coach Bob Woolmer at the World Cup is being treated as murder, a Pakistan team spokesman said Wednesday.“It is a shame that such callous disregard for the lives of children is being displayed in the midst of hosting the cricket World Cup,” said […]
Bob Woolmer factfile
KINGSTON, Jamaica, March 21, 2007 (AFP) – Factfile on Bob Woolmer who died here on Sunday after being found unconscious on the floor of his hotel room at the World Cup.On Wednesday, police revealed that his death was being treated as suspicious: Full Name: Robert Andrew Woolmer Date of birth: 14 May 1948 Place of […]
Tech Uplift
March 21 (LBO) – Sri Lanka’s education ministry has tied up with tech giant Intel to give local schools computers and teacher training to boost technology levels and skills. Intel on Tuesday launched its one billion dollar, five-year ˜World Ahead’ program in Sri Lanka and is already in operation in 60 countries around the world. […]
New Complex
Mar 21, 2007 (LBO) – Sri Lanka’s Ceylino group plans to set a shopping and apartment complex in the heart of Colombo, following Board of Investment approval. . The complex that is to be built in Nawala, will be a joint venture between Ceylinco Seylan Development Limited and Ceylinco Investment and Realty Limited, the group […]
Kandy Finance
March 21 (LBO) – Kandy based Sinhaputhra Finance Limited (SFL) has earned a BB (lka) rating with a stable outlook, Fitch Ratings Lanka said Wednesday. The present Joint Managing Director Ravana Wijeyeratne owns 52 percent of the company’s equity with the remainder being held by its employees. “SFL’s rating reflects its modest profitability, relatively better […]
Leasing Pioneer
March, 21 (LBO) – Lanka Orix Leasing Company (LOLC) has seen high loan growth with new funding but margins are slimming due to competition, Fitch Ratings said Wednesday confirming the firm’s A (lka) rating with a stable outlook. The company has a market share of approximately 8 percent of leasing sector assets, including those of […]
Indo Finance
March 20, 2007 (LBO) – Chennai based Indian Bank is looking to expand operations in Sri Lanka after boosting its capital at its branch this year, officials said. The bank had accumulated losses from bad loans after financing films in real estate. “This year we will bring our capital up to the required 25 million […]
Flying Forward
Flying Forward March 20 (LBO) SriLankan Airlines is adding a third weekly flight to the Indian coastal resort of Goa, moving closer to becoming first scheduled foreign airline to have a hundred flights per week to the country, the airline said. Already the foreign carrier with the most frequencies, SriLankan will have 95 flights to […]
Port Dollars
March 20, 2007 (LBO) – The Asian Development Bank has approved a 300 million dollar loan to expand the Colombo Port, the regional lender said Tuesday. The funds will come from its ‘ordinary capital resources’ window at a rate based on the London Interbank offered rate, the bank said. The loan will have a 25-year […]
India set twin records in Bermuda thrashing
PORT OF SPAIN, Trinidad, March 19, 2007 (AFP) – Virender Sehwag roared back into form with a blazing century as record-setting India thrashed debutants Bermuda by 257 runs in their second World Cup match here on Monday. India posted the highest Cup total of 413-5 after being put in to bat, with Sehwag (114), Sourav […]
Windies beat Zim to join Australia in Super Eight
BRIDGETOWN, Barbados, March 19, 2007 (AFP) – West Indies joined defending champions Australia in the World Cup Super Eights on Monday while India clinched a record-breaking win over Bermuda to put their campaign back on track. “It’s something which shouldn’t have happened and I’ve suffered the consequences. I’m obviously upset about it and it’s something […]
Bangladeshi teenagers eye scalp of Sri Lankan veterans
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Giant-killers Bangladesh are counting on their teenagers to deliver yet again when they clash with experienced Sri Lanka in their second World Cup match here on Wednesday. Teenagers Tamim Iqbal, Saqibul Hasan and Mushfiqur Rahim played key roles in Bangladesh’s shock five-wicket victory over 1983 champions […]