Category: Industry
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 […]
Bangladeshi teenagers eye scalp of Sri Lankan veterans
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Giant-killers Bangladesh are counting on their teenagers to deliver yet again when they clash with experienced Sri Lanka in their second World Cup match here on Wednesday. Teenagers Tamim Iqbal, Saqibul Hasan and Mushfiqur Rahim played key roles in Bangladesh’s shock five-wicket victory over 1983 champions […]
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 […]
Triple Play
March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum credit enhancement levels have been breached at several points. Monthly prepayments have hovered between 0 and 3.6 percent of the outstanding pool principal, while a 15.9 percent of the initial pool […]
Bangladesh send India crashing in upset 5-wicket win
PORT OF SPAIN, Trinidad, March 17, 2007 (AFP) – Teenager Tamim Iqbal and Mashrafe Mortaza turned giant-killers to script Bangladesh’s upset five-wicket victory over India in their opening World Cup match here on Saturday.Both the teams observed a minute’s silence before the match in memory of Bangladeshi cricketer Manjural Islam, who died in a road […]