Category: Industry
Sri Lanka spins to victory over New Zealand
WELLINGTON, Dec 18 (AFP) – A superb spell of spin bowling by Muttiah Muralitharan secured a comprehensive 217-run win for Sri Lanka over New Zealand in the second cricket Test here Monday to level the series 1-1.Muralitharan finished with six for 87 to claim an impressive ninth five-wicket haul for the year, as Sri Lanka […]
Lost Aid
COLOMBO, Dec 18, 2006 (AFP) – Corruption and ethnic violence is blocking a flood of foreign aid for Sri Lanka’s tsunami survivors two years after the massive disaster, according to official records and whistle-blowers. President Mahinda Rajapakse admitted a year ago the country had failed to do enough to help the victims of the towering […]
Hollow Warning
BANGKOK, Dec 18, 2006 (AFP) – Nearly two years after the tsunami, a regional warning system is beset by squabbling and inaction, officials and experts say, as individual countries instead scramble to implement their own schemes. Thailand this month released a US-funded deep-sea warning buoy into the Indian Ocean, while Indonesia plans to install about […]
Setting Sail
Dec 18, 2006 (LBO) – Sri Lanka’s President Mahinda Rajapakse Monday kicked off a million dollar project to expand the Colombo port, which will triple existing capacity and enable it to service larger vessels in the future. The 1.2 billion dollar project, the largest port development undertaken so far, will add four terminals, each with […]
Who said what at the 2006 Asian Games
DOHA, Dec 16, 2006 (AFP) – Who said what at the 2006 Asian Games which came to a close on Friday: “Nobody thought I would be here. My mother had made an oath to the bodhi tree that I would take part in the Games.” – Sri Lanka sprinter Susanthika Jayasinghe after winning 200m bronze […]
Equal Chances
Dec 15, 2006 (LBO) – The Employers Federation of Sri Lanka are calling on more firms to employ disabled people, not just for equal opportunity, but because it also makes business sense. The Employers Federation of Ceylon (EFC) together with the Motivation Charitable Trust of UK run an annual job fair for disabled people and […]
Faulty Cable
December 15 (LBO) – Sri Lankan pay television service Comet Cable is facing a withdrawal of its broadcast rights, unless royalties owed to a joint shareholder since 1997, are paid up. Comet Cable has an 18,000 strong customer base and is one of the oldest pay television companies in Sri Lanka with 18 paid channels […]
Energy Link
December 14, 2006 (LBO) – India and Sri Lanka are due to ink a million dollar agreement as early as next year to set up a mega transmission power line between both nations, an official said Thursday. Linked between India’s city of Madurai and Sri Lanka’s Anuradhapura, the project aims to supply up to 1000 […]
Murali twist has New Zealand in a spin
WELLINGTON, Dec 14, 2006 (AFP) – The controversy surrounding Muttiah Muralitharan’s bizarre run out which hastened Sri Lanka’s downfall in the first cricket Test against New Zealand, flared again here Thursday on the eve of the second Test. Two days after Sri Lanka said they had put the issue behind them — while maintaining the […]
China keeps position as Asian leader in outbound tourism
BEIJING, Dec 14, 2006 (AFP) – China has consolidated its position as the Asia leader in outbound tourism, with 28.6 million Chinese travelling overseas in the first 10 months of the year, state media said Thursday. The number marked an increase of 10.8 percent from the same period last year, the China Daily reported, citing […]
More Aid
December 14 (LBO) – Sri Lanka and the Asian Development Bank tied up a loan deal worth 210 million dollars on Thursday, to upgrade national highways and water sector. A loan package of 150 million dollars will be used to widen and rehabilitate a network of 350 kilometres of roads, including improving and replacing bridges, […]
Stable Rating
December 14 (LBO) – Rating agency Fitch gave pawn brokering business Edirisinghe Trust Investments a ‘B+(lka)’ long term rating, but said the company was hampered by low profitability and weak management systems. The company was founded in 1967 by the Edirisinghe family and remains a closely held family company. ETI is a registered finance company […]