Category: Industry
Italian makeover for Indian cricketers
NEW DELHI, July 14, 2006 (AFP) – India’s cricketers could soon be touring in Italian designer suits if a deal goes ahead with Milan-based fashion house Canali, an official said Friday.Canali has bid a handsome amount for the rights to provide jackets, trousers, shirts, ties and shoes for the players, Indian cricket board secretary Niranjan […]
Sri Lanka hunts for sponsorships and volunteers for South Asian Games
July 14, 2006 (LBO) – Sri Lanka will host the tenth South Asian games in August, but is scraping the barrel for sponsorships and volunteers to pull it off. Required sponsorships have gone up from an expected 200 million rupees to 300 million, following unplanned expenses to upgrade the Sugathadasa Stadium. We have raised about […]
‘s cricket
July 14, 2006 (AFP) – Sri Lanka’s only World Cup winning captain Arjuna Ranatunga is among four cricketers recommended by ex-players to run the sport in the island nation, sources told AFP on Friday.Elections to Sri Lanka Cricket (SLC), scheduled to be held on Saturday, were cancelled on the advice of the country’s President Mahinda […]
Now Showing
July 14, 2006 (LBO) – The local cinema industry is trying to get a 15 percent Value Added Tax (VAT) on theatre tickets lifted from August, top officials said Friday. The government has agreed in principle to exempt theatre tickets from VAT, from August 1, and we have to now prepare a Cabinet memorandum to […]
Tourist arrivals dip in June as industry battles off-season, politics
July 14, 2006 (LBO) – Tourist arrivals to Sri Lanka slipped slightly in June as arrivals from some key markets in Europe, including the United Kingdom, turned negative. Arrivals dropped 3.6 percent in June to just over 44,000 tourists, Sri Lanka’s Tourist Board said, with the industry still in off-season and also battling political upheaval. […]
Ex-captain Ranatunga, three others set to run Sri Lanka’s cricket
July 14, 2006 (AFP) – Sri Lanka’s only World Cup winning captain Arjuna Ranatunga is among four cricketers recommended by ex-players to run the sport in the island nation, sources told AFP on Friday.Elections to Sri Lanka Cricket (SLC), scheduled to be held on Saturday, were cancelled on the advice of the country’s President Mahinda […]
Island TV
July 13, 2006 (LBO) – A new Sri Lankan satellite channel took wing Thursday, with plans to tap into a captive market of customers who lost out to the recent shut down of local cable operators. The first test transmission is to take place before the end of July, after which it will be rolled […]
Southern Tip
July 13, 2006 (LBO) – Emirates based Star Petro Energy LLC, has secured Sri Lankan government consent to build the country’s second oil refinery in the south of the island, the government said Thursday. Built at a cost of around 1.5 billion dollars, the refinery’s entire output will be shipped to overseas markets, Media Minister […]
New Lease
July 13, 2006 (LBO) – Ceylon Petroleum Corporation has temporarily shelved plans to get back into the gas business, extending a five year agreement with Laugfs Gas that ends in October this year. The two sides have been in talks, with the supply agreement to be extended by another two years from October, a top […]
Sri Lanka President orders cricket elections to be put off
July 13, 2006 (AFP) – Sri Lanka’s President Mahinda Rajapakse has ordered that elections to the country’s cricket body be cancelled and asked former players to run the game, the sports minister said on Thursday. Rajapakse intervened to end bitter infighting in Sri Lanka Cricket (SLC) after a meeting with 11 former cricketers, including World […]
Trade Block
July 11 (LBO) – A tariff cut of up to 70 percent on goods like cement imported under the Indo-Lanka free trade deal, has been pushed back to September due to procedural delays. This will come into effect by September this year, that is our expectation and we are trying to speed it up, N […]
Lost & Found
COLOMBO, July 12, 2006 (AFP) – Sri Lanka announced Wednesday it would seize an estimated 30 million dollars in dormant bank accounts as part of a drive to clean up commercial bank books. Monetary authorities will use a provision under the Banking Act relating to “abandoned property” to access the dormant funds, Upali de Silva, […]