Category: Industry
Joint Deal
March 05 (LBO) – DFCC Bank and Hatton National Bank would set up a joint venture investment bank to takeover and run their corporate finance and capital market businesses, the two banks said Monday. “It is envisaged that the new will also be the group holding company for the other related entities of the two […]
Skills Boost
March 05, 2007 (LBO) – Sri Lanka’s financial regulators are coming together to boost skills of market professionals in a bid to deepen securities and insurance industries. Sri Lanka has a large number of companies, financial institutions, registered financial, leasing and insurance companies, merchant banks, venture capital firms and unit trusts. Sri Lanka’s capital markets […]
Taking Flight
March 5, 2007 (AFP) – Sri Lanka’s new state-run budget airline secured a provisional license to fly after technical problems delayed its maiden test flight by over eight hours, officials said. A Mihin Air flight flew to India’s southern city of Thiruvananthapuram from the island’s sole international airport late Sunday and returned around midnight, airport […]
Still Grounded
March 4, 2007 (AFP) – Sri Lanka’s new state-run budget airline cancelled its maiden flight on Sunday because of technical problems, airport officials said. A Mihin Air flight was due to depart for India’s southern city of Thiruvananthapuram from the island’s sole international airport, but the trip was scrapped due to problems with the plane’s […]
Sri Lanka to play Scotland in World Cup opening round
BRIDGETOWN, Barbados, March 4, 2007 (AFP) – Hosts West Indies, England, South Africa and Sri Lanka will fire the opening shots in their World Cup campaigns on Monday at the start of series of warm-up matches. West Indies, bidding to become the first host nation to win the title, face Kenya in Jamaica, England will […]
Sharia Mortgage
March 03 (LBO) – HDFC bank is planning to offer housing mortgages based on Islamic finance principles, an official said.“We have already formulated to bring the Sharia concept into the housing loan portfolio,” says HDFC Bank chairman S M M Yaseen told ETV’s Money Report programme. “I am very keen and my board has given […]
China Port
March, 02 (LBO) – The Chinese government would finance up to 85 percent of a planned 420 million dollar a port in Sri Lanka’s southern Hambanthota district, the government’s information office said. “Following the bilateral discussions with the Chinese Government with President Rajapaksa, the Chinese President and Prime Minister have promised to hasten the aid,” […]
‘s not just cricket
NEW DELHI, March 2, 2007 (AFP) – Where there’s cricket, there’s controversy and at the 2003 World Cup the phrase “It’s not cricket” vied for attention with on-field contests. The tournament, jointly hosted by South Africa, Zimbabwe and Kenya, was not only the biggest in the history but also had more than its fair share […]
Warne says Kiwis, Sri Lanka main threats
SYDNEY, March 2, 2007 (AFP) – Shane Warne Friday rated New Zealand and Sri Lanka as Australia’s biggest threats at this month’s World Cup but gave recently-crowned world number one South Africa no chance of claiming the title.Warne said he expected Australia to overcome their recent slump of five straight one-day international losses to win […]
Arabian Flight
March 02 (LBO) – SriLankan Airlines will carry passengers twice weekly to Jeddah through a code-share deal with Saudi Arabian, Arabian Airlines, the company said Thursday.The Tuesday and Thursday flights will start on March 27, making Jeddah the 51st destination Sri Lankan carries passengers to. Jeddah is SriLankan Airlines™ third destination in Saudi Arabia and […]
Ceo Forum
March 02 (LBO) – A company™s consciousness is made up of the collective consciousness of the workers that will help a company be productive and succeed, a top Sri Lankan corporate leader said. “Vision means seeing the integral mental picture in front of you. The edifice is the shell. It is empty without the consciousness,” […]
Hang Up
COLOMBO, March 1, 2007 (AFP) – Sri Lanka suspended sales of telephones and mobile phone cards in the embattled north and east on Thursday as troops stepped up attacks against Tiger rebels, an official said. The move was temporary and aimed at preventing guerrillas making use of phone services for military operations, telecoms watchdog chief […]