Category: Industry
Post Men
Feb 06, 2007 (LBO) – Sri Lanka is boosting is postal service with thousands of new postmen, the country’s outgoing posts minister said. Former posts and telecommunications minister D M Jayaratne, who was replaced in a recent cabinet re-shuffle, said Sri Lanka post had received state approval to recruit 5,000 postmen and 4,000 substitutes. The […]
Option Collar
February 6 (LBO) – The Ceylon Petroleum Corporation will hedge up to a quarter of its diesel imports using options, with the first contract to be signed in a matter of days, officials said Tuesday.. Ceypetco wanted to cap the diesel import price at around 70 dollars a barrel, but the price had already moved […]
Gas Change
February 06, (LBO) – Ceylon Petroleum Corporation would call open tenders to sell the liquid petroleum gas produced at its refinery, Petroleum Minister A H M Fowzie said. Laugfs Gas, the company which had a 5-year contract to buy the LP Gas from Ceypetco had been given a 3-month extension until April 21. Laugfs now […]
Wrong Country
GENEVA, Feb 6, 2007 (AFP) – A group of Sri Lankans who paid for jobs in the Gulf were locked into a building site in Iraq for two weeks before they realised they were in the wrong country, an international agency said Tuesday.The 17 Sri Lankan migrant workers, who had paid 2,000 dollars each to […]
” to beat India
NEW DELHI, India, Feb 5, 2007 (AFP) – Sri Lanka will rely on unpredictable fast bowler Lasith Malinga to rattle India in the one-day series starting this week, vice-captain Kumar Sangakkara said on Monday.The 23-year-old Malinga has claimed 71 wickets in 21 Tests and scalped 37 victims in 25 one-dayers with his unusual round-arm slinging […]
‘s new coach
MELBOURNE, Feb 5, 2007 (AFP) – Tim Nielsen will become coach of Australia’s Test and one-day cricket team when John Buchanan retires after next month’s World Cup, Cricket Australia said Monday.Nielsen, 38, is head coach at the Centre of Excellence in Brisbane, which includes managing the respected Australian Institute of Sport (AIS) men’s cricket programme. […]
Sri Lanka cricketers look for revenge in India
COLOMBO, Feb 2, 2007 (AFP) – Sri Lanka hope to avenge an embarrassing thrashing by India 15 months ago when they play a four-match series from next week in the build-up to the World Cup.When Sri Lanka played in India in November, 2005, they were routed 6-1 in the one-dayers and 2-0 in the three-Test […]
Musical Chairs
February 02 (LBO) – Sri Lanka’s 54-member jumbo cabinet is causing logistical headaches for parliamentary staff, with senior members who crossed over from the United National Party, being entititled to the available meeting rooms officials said.Perks for each cabinet minister include an office space in the parliament complex, but the facility only has about three […]
Small Change
February 02 (LBO) – Sri Lanka’s banks have reported much smaller volumes than previously expected, though state banks are yet to complete their reports, an official said. With only the Bank of Ceylon and People’s Bank yet to report dormant assets, information regarding 545 million rupees worth of assets have been collected, Acting Bank Supervisor, […]
Thin Margin
January 31 (LBO) – Sri Lanka’s state petroleum utility expects to just break even or make a marginal profit in 2006, after a government price supplement subsidy was withdrawn, an official said. Ceylon Petroleum Corporation’s retail prices were state controlled, but the treasury gave it a price supplement until last year based on a formula […]
New Bird
Jan 31, 2007 (LBO) – A new airline has been approved to start domestic operations, using 19-seater aircraft, officials said. Daya Aviation is a division of the Daya group, which has interest apparel, sugar manufacture, shipping and engineering. It’s 6-seater twin-engined Beechcraft Baron, and a single-engined Piper Cherokee for private use. “We are hoping to […]
Free Push
Jan 31, 2007 (LBO) – HSBC in Sri Lanka is hoping to rope in more customers to its phone banking service by offering toll-free services in three languages for the first time in Sri Lanka, officials said. Though Sri Lanka does not have a toll free number system, HSBC has arranged with fixed and mobile […]