Category: Industry
Bank Gain
February, 19 (LBO) – Hatton National Bank group profits rose 26 percent in 2006, with revenue growing by 27.5 percent and assets reaching 206 billion rupees, the bank said Monday. The latest results had pushed earnings per share to 19.01. Group net profit after tax and minority interest grew to 2.2 billion rupees from 1.7 […]
Top Line
February 19 (LBO) – Ceylinco Insurance Company said Monday its premium income had grown 19.5 percent to 15.3 billion rupees in 2006. It was promoted by the Ceylinco Group, whose Ceylon Insurance Co. Ltd was the first Sri Lankan company to be registered under the Companies Ordinance of 1938. General Insurance premiums had grown 19 […]
Transparent Record
February, 18 (LBO) – Sri Lankan borrowers would be allowed to ask for their own credit reports and request changes if they are not correct, from the country’s central credit information centre, an official said. Before the changes even loans that are repaid in full, were a permanently of a borrwer’s credit report. Sri Lanka […]
Yuvraj fires India to series-clinching win
VISAKHAPATNAM, India, Feb 17, 2007 (AFP) – Yuvraj Singh smashed a blistering 95 not out to guide India to a series-clinching seven-wicket win over Sri Lanka in the fourth and final one-dayer here on Saturday.He received valuable support from Sourav Ganguly (58 not out) as India surpassed Sri Lanka’s total of 259-7 with six overs […]
Cricket World Cup 2007 groups and fixtures
BRIDGETOWN, Feb 16, 2007 (AFP) – Groups and fixtures for 2007 cricket World Cup: Warm-up matches: March 5: Bermuda v England (Arnos Vale Ground, Kingstown, St Vincent) Scotland v Sri Lanka (Three Ws Oval, Bridgetown, Barbados) South Africa v Ireland (Sir Frank Worrell Memorial Ground, St Augustine, Trinidad) Kenya v West Indies (Trelawny Stadium, Jamaica) […]
Occult Politics
February, 17 (LBO) – Sri Lanka’s is supposedly a vibrant democracy with its political destiny decided by a population that got universal suffrage in 1931, but the island’s leaders seem to believe their future is controlled by sublime forces of the occult. Sri Lanka’s former foreign minister Mangala Samaraweera newly-sacked from the government, is said […]
Sri Lanka hopes for spark from South Asian motor rally
Feb 17, 2007 (LBO) – The South Asian Association for Regional Cooperation (SAARC), the largest regional group in the world by population, is to kick off a rally to spark interest in member country hotspots and tourist attractions. The rally is to set off in Dhaka in Bangladesh and will take the ground routes through […]
Trendy Oldies
BARCELONA, Spain, Feb 16, 2007 (AFP) – It could be the answer to grandma’s prayers: a mobile phone designed specifically for the over-65s that aims to take the fear out of technology and get the elderly connected.A small Austrian company shrugged off the buzz of innovation and youth-oriented marketing at the 3GSM mobile phone trade […]
Bursting Point
February 16, 2007 (LBO) — SriLankan Airlines says it is running out of cargo space at Colombo’s international airport, while a newly-built facility lies empty over a rent dispute.The issue is likely to remain a sticky point as the government drags its feet to over the renewal of SriLankan’s management agreement with Emirates which is […]
Renewed Deal
February, 15 (LBO) – Sri Lanka is to shortly unveil a new tiered tariff framework for renewable energy suppliers giving existing mini-hydros windfall sweeteners to change-over, officials said. Sri Lanka would be offering cost-based technology-specific and three-tiered tariffs for mini-hydro, biomass and wind energy. Mini-hydro standardized power purchase agreements already signed with the Ceylon Electricity […]
IT Aid
Feb 15, 2007 (LBO) – Sri Lanka’s software developers will get cash incentives to develop software that can make small enterprises more efficient, or modernize export industries and tourism, officials said. œThe initial boost provided through these innovation grants will be just the beginning of a much wider involvement both from the government and the […]
Calling Asia
BARCELONA, Spain, Feb 15, 2007 (AFP) – With mobile phone markets nearly saturated in the developed world, network operators and handset manufacturers are turning their attention to the fertile ground of emerging countries. Making affordable phones and targeting consumers with smaller budgets have now become priorities for the largest companies in the sector who were […]