Category: Industry
Leasing Move
February 27 (LBO) – Sri Lanka’s pioneer leasing firm LOLC, is stepping into Cambodia taking an equity stake in a micro-finance firm with several international development lenders, an official said. “Cambodia is just blossoming out and opportunities are good,” Kithsiri Gunawardene told Lanka Business Online. “They run a lean operation there and repayments are very […]
Tax Woes
February 27 (LBO) – Seylan Bank’s group net profits rose 9.25 percent to 849.2 million rupees in 2006, as revenues climbed by 32.3 percent, its annual accounts released Tuesday showed. Group revenue climbed to 15.39 billion rupees while the bank on its own earned revenues of 14.1 billion rupees. High income tax payments and flat […]
Aussies work on bowling confidence ahead of World Cup
SYDNEY, Feb 26, 2007 (AFP) – Australia will gear their World Cup training sessions towards targeting star rival batsmen, coach John Buchanan said Monday, as alarming statistics reveal their bowling woes.Australia head to the World Cup in the Caribbean this week with figures showing that since the start of last year their bowlers have performed […]
Thirty people banned from World Cup entry
KINGSTON, Feb 26, 2007 (AFP) – Around 30 people so far have been denied entry to the Caribbean with two weeks to go before the official opening ceremony of the World Cup.Peter Phillips, Jamaica’s national security minister, who is leading the Caribbean community’s security programme for the cricket showpiece, said the measures were taken by […]
Sri Lanka to repeat 1996 World Cup-winning aggression
COLOMBO, Feb 26, 2007 (AFP) – Sri Lanka’s cricketers want to play aggressive cricket, like they did in 1996, to secure their second World Cup success, captain Mahela Jayawardene said Monday.“We have been playing a pretty exciting brand of cricket in the past couple of years, as our results have shown,” Jayawardene said ahead of […]
On Record
February 26 (LBO) – South Korean electronics firm Samsung hopes to double business in Sri Lanka this year, fighting for a bigger slice of the island™s television market. We are confident of achieving an over 100 percent jump in our business in Sri Lanka this year, Ravinder Zutshi, Deputy Managing Director of Samsung India Electronics […]
Malaysia woos Lankan tourists with anniversary bash
February 26 (LBO) – Malaysia will celebrate 50 years of independence in August this year and is hoping the revelry, travel deals and discounts will entice more Sri Lankans to visit. Last year the island attracted 559,603 tourists, a small increase on the 549,308 in 2005 and well below tourism ministry expectations of 600,000 tourists. […]
Ring Cut
COLOMBO, Feb 24, 2007 (AFP) – Working mother Kumari Ranasinghe looks forward every day to a telephone call from someone who hangs up on her immediately — her 12-year-old son who is making the call to let her know he has left school.“It’s also a disaster when the networks are busy and you can’t get […]
Arjuna Fire
NEW DELHI, Feb 24, 2007 (AFP) – Sri Lanka had always been a talented side often giving the impression of being too soft on the field until captain Arjuna Ranatunga changed it all with his aggressive approach to win the 1996 World Cup.They always had skilful individuals, but as a team they achieved worldwide fame […]
Cricket Post
COLOMBO, Feb 23, 2007 (AFP) – Sri Lanka on Friday issued two commemorative World Cup stamps in a bid to boost its cricketers ahead of the tournament starting in the Caribbean next month. “What we are trying to do is to encourage the players. We don’t want to put any undue burdens, but just to […]
Foreign Money
February 23, 2007 (LBO) – Sri Lanka Friday announced plans to raise 100 million dollars by selling development bonds to foreign investors, while a drive to sell rupee bonds to overseas buyers has netted in 31.75 million dollars to date, the public debt office said.Bulk of the funds will be used to bridge the country’s […]
Indian Grip
February 22 (LBO) – Diesel and Motor Engineering Company (DIMO), a unit of Sri Lanka’s Hayleys group, is boosting the visibility of TATA passenger cars in a market that is already dominated by another Indian brand, Maruti. DIMO opened a new showroom in a plush shopping business district this week, next to an existing outlet […]