Category: Industry
Pakistan cricket chief offers resignation
ISLAMABAD, March 20, 2007 (AFP) – Pakistan Cricket Board chairman Naseem Ashraf has offered his resignation to President Pervez Musharraf following the national team’s disastrous exit from the World Cup, a spokesman said Tuesday. Pakistan’s chief cricket selector and the rest of the national selection committee have also stepped down, the PCB said as the […]
Telecom Sale
March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a stake held by Japan’s NTT, the company said Tuesday. NTT Communications Corporation of Japan owns a 35 percent stake in Sri Lanka Telecom, but […]
Powder Keg
March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product prices to unprecedented highs. Meanwhile Kotmale says it expects to keep prices below multinational brands by running a lean operation, while prices of its other dairy products made with […]
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 […]
Its Official
March 19, 2007 (LBO) – John Keells Holdings (JKH) said Monday it was officially informed by the government that a letter of intent (LOI) would be issued on a private public partnership to reclaim land around the Colombo port. JKH shares closed up 2.25 at 148 rupees on Monday. “We have received notification today that […]
‘s home attacked after Indian loss
RANCHI, India, March 19, 2007 (AFP) – Furious Indian cricket fans stormed the home of national wicketkeeper Mahendra Singh Dhoni Sunday to protest a five-wicket rout by Bangladesh in their opening World Cup match, police said. They tore down walls and pillars of Dhoni’s house, which is under construction, in the eastern city of Ranchi […]
Grieving Pakistan captain quits one-day game
KINGSTON, Jamaica, March 18, 2007 (AFP) – Pakistan captain Inzamam-ul-Haq on Sunday announced his retirement from one-day cricket after his team’s humiliating exit from the World Cup and the death of coach Bob Woolmer. He also said he would give up the captaincy after playing his last one-dayer against Zimbabwe on Wednesday, a match he […]
‘s death
March 19, 2007 (AFP) – Sri Lanka’s top cricket officials Monday put aside their differences and united in paying tribute to Bob Woolmer, the Pakistani national coach who died suddenly in Jamaica Jayantha Dharmadasa, president of the Sri Lanka Cricket Interim Committee, said Woolmer’s death was a big loss to the cricketing world. “I have […]