Category: Industry
Claims Toll
March 12, 2007 (LBO) – Union Assurance net profits fell 41 percent in 2006, with high claims bill taking its toll, but gross premiums grew by 28 percent, the company’s annual accounts showed. The firm’s net profit after tax fell to 155 million rupees from 262 million of 2005. The surplus from life insurance activities […]
Striking Hot
March 12, 2007 (LBO) — Sri Lanka is pushing for greater access to the Chinese aviation market, when high level officials meet for bilateral air-services talks later this week, the foreign ministry said Monday.Sino-Lanka aviation links have been in place since 1959, though direct airlinks between both countries were established when SriLankan airlines started thrice […]
Southern Harbour
March 12, 2007 (LBO) – Sri Lanka Ports Authority (SLPA) Monday signed up two Chinese firms to build the proposed Hambantota Port in Southern Sri Lanka, with financing expected from the Chinese government. SLPA hopes the project will provide 6,000 direct employment and 50,000 indirect employment opportunities in the area, with nearby Matara, Ratnapura and […]
Marathon men take aim at World Cup
BRIDGETOWN, Barbados, March 10, 2007 (AFP) – Thirty-two years after the first World Cup was decided over a modest five playing days, the 2007 edition will open on Sunday and will go on and on until April 28. The 16-team World Cup in the Caribbean will last 48 days with 51 matches broadcast live to […]
World Cup minnows seek a moment in the sun
PORT OF SPAIN, Trinidad, March 11, 2007 (AFP) – When Dwayne Leverock bowls to Sachin Tendulkar in the World Cup, it will be more than just a contest between a spinner carrying extra flab and a batsman having extra strokes.It will be moment to relish for the Bermudian left-arm spinner if he dismisses the Indian […]
Sri Lanka lose to Kiwis despite Tharanga ton
BRIDGETOWN, Barbados, March 9, 2007 (AFP) – Upul Tharanga hit a majestic century but couldn’t stop Sri Lanka from slipping to an 18-run defeat against New Zealand in their final World Cup warm-up on Friday. Chasing a victory target of 286, Tharanga hit 10 fours and two sixes in his 106 off 112 balls. New […]
Sri Lanka, Vaas figure among all time World Cup records
BRIDGETOWN, Barbados, March 10, 2007 (AFP) – World Cup records ahead of the 2007 tournament which opens in the West Indies on March 11: Team records Highest Total: 398-5 – Sri Lanka v Kenya, Kandy, 1996 Lowest Total: 36 – Canada v Sri Lanka, Paarl, 2003 Highest match aggregate: 652 – Sri Lanka v Kenya, […]
Hot Chilli
Mar 09, 2007 (LBO) – Over 30 Sri Lankan advertising agencies will battle it out for the chilli of the year, at the annual advertising awards for the hottest, most creative ads. The awards ceremony is a joint initiative of the International Advertising Association (IAA) and the Association of Accredited Advertising Agencies (the 4A™s). To […]
Kenya and Dutch hail minnows quality
DANIEL TOWN, Jamaica, March 9, 2007 (AFP) – Kenya captain Steve Tikolo and Netherlands’ skipper Luuk van Troost hailed praised their sides after a compelling World Cup warm-up match which saw the Africans squeeze home by nine runs. Both men felt they had gained some measure of respect for the ICC Associate nations attending the […]
World Cup damaged in India
NEW DELHI, March 9, 2007 (AFP) – The expensive silverware to be awarded to the winner of cricket’s World Cup in the Caribbean has been damaged while on display in India, organisers said on Friday.The trophy will be presented to the winner of the World Cup final in Bridgetown, Barbados on April 28. A gold […]
Tele Computing
March 09, 2007 (LBO) – Sri Lankan fixed wireless operator Suntel, unit of Sweden’s Telia is hoping to earn 15 percent of its revenue over the medium term from managed services in information technology, officials said. Suntel’s debentures are listed on the stock exchange. The service branded ‘Suntel enabled’ allows firms to concentrate on core […]
Little Orix
March 09, 2007 (LBO) – Lanka Orix Finance Company (LOFIN), a subsidiary of Lanka Orix Leasing has shown a 105 percent growth in loans in 2006 Fitch Ratings said, giving the firm a BBB+ (lka) rating. “The principal factor supporting the rating of LOFIN is the strong implied support assumed to be available from its […]