Category: Industry
”, warns Ponting
SYDNEY, Feb 28, 2007 (AFP) – Australia captain Ricky Ponting warned Wednesday that despite some recent poor form the world champions will be “extremely hard to beat” at the upcoming cricket World Cup. Speaking to reporters at Sydney airport as the team flew out to the Caribbean in search of a third straight World Cup […]
Born in 1971, now a giant
NEW DELHI, Feb 28, 2007 (AFP) – When a rain-ruined Test between Australia and England in 1971 resulted in the first one-day international at Melbourne, few believed that this new form of cricket would become a global, money-spinning affair.Cricket: Born 1971, one-day cricket grows into giant The first one-dayer was not a pre-planned affair as […]
Sri Lanka captain keen to change horror script
Feb 28, 2007 (AFP) – Sri Lanka skipper Mahela Jayawardene goes to the World Cup in the Caribbean hoping to erase bitter memories of the previous tournament. The 2003 World Cup in South Africa ended in a nightmare for Jayawardene, who scored just 21 runs in nine matches. His form was so poor that he […]
Lay Off
February 28 (LBO) – Ceylon Hotels Corporation shares closed 11 percent up Wednesday after the group announced it had reached agreement with labour unions to trim staff. Ceylon Hotels Corporation will spend 174 million on a voluntary retirement scheme and group company Kandy Hotels, which owns Hotel Suisse, will spend 51.6 million, the two hotels […]
Re-insurance
February 28 (LBO) – Ceylinco Insurance Company is investing in a regional re-insurance firm by participating in a capital raising exercise the company told the Colombo Stock Exchange Wednesday. Asian Reinsurance Corporation (Asian Re) has invited Ceylinco Insurance to invest in a forthcoming effort by the re-insurer to raise 100 million dollars. Ceylinco Insurance Director […]
Soft Sell
February, 27 (LBO) – Advocates of free and open source software (FOSS) are promoting the concept through a mobile campaign across Sri Lanka starting next month, organizers said Tuesday. ‘Foss-Ed on Wheels’ a special bus had traveled nearly 500 to Mahavilachchiya in the north central province and Buttala in the Southern province last year, teaching […]
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 […]
Getting Steadier
February, 27 (LBO) – Lanka IOC, a unit of Indian Oil Corporation emerging from a subsidy and pricing battle with the Sri Lanka government, has turned an operating profit for the past quarter, but interest costs still kept the firm in the red. The firm posted operating profits of 185 million for the quarter ended […]
”’ touch to Brandix apparel park in India
February 27 (LBO) – A 15-million dollar logistics centre which will speed up the flow of raw material and finished products at Bradix’s industrial park in India, would make the park more attractive to manufacturing units, officials said. Brandix is also building a 200 acre industrial park in Sri Lanka at Horana. The firm says […]
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 […]