Category: Industry
Sri Lanka trade deficit down amid weak credit in May
July 14, 2014 (LBO) – Sri Lanka’s exports rose 11.1 percent to 882.1 million US dollars in May 2014 from a year earlier led by apparel exports that rose 14.5 percent to 365.1 million US dollars, official data showed. Agriculture exports rose 21.1 percent to 239.9 million US dollars with tea up 9.7 percent to […]
Cricket: Sri Lanka to coach banned spinner Senanayake
COLOMBO, July 13, 2014 (AFP) – Sri Lanka’s cricket authorities decided Sunday to send off-spinner Sachithra Senanayake for intense coaching after the International Cricket Council (ICC) ruled his bowling action illegal and banned him from international matches.Sri Lanka Cricket (SLC) secretary Nishantha Ranatunga said the coaching team was being asked to study reports from the […]
Cricket: South Africa bat in third Sri Lanka one-day
HAMBANTOTA, July 12, 2014 (AFP) – South African captain AB de Villiers won the toss and elected to bat in the third and final one-day international against Sri Lanka in Hambantota on Saturday.Both teams are tied at 1-1 in the three-match series, after South Africa won the first match by 75 runs while Sri Lanka […]
‘s series win
HAMBANTOTA, July 12, 2014 (AFP) – South Africa rode on aggressive hundreds from Quinton de Kock and AB de Villiers to beat Sri Lanka by 82 runs in the third and final one-day international on Saturday.Left-hander De Kock smashed a 127-ball 128 while skipper De Villiers hit a fiery 71-ball 108, making a century off […]
Software Spread
July 11, 2014 (LBO) – Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its ‘FortunaFinance’ branded platform will allow Solomon Island’s Pan Oceanic Bank (POB) to provide services to customers through mobile phones and the web. “¦[F]inancial institutions of all sizes are […]
Partial Protection
PARIS, July 10, 2014 (AFP) – A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said Friday.Devised by the French pharmaceutical giant Sanofi Pasteur, the so-called CYD-TDV vaccine provided only 30 percent protection against the dangerous […]
Worth Watching
July 10, 2014 (LBO) – Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and Poor’s which found Sri Lanka to be most exposed in the region after New Zealand said. Several Asian countries including China were loosening policy in response to a slowing […]
Regional Chief
July 10, 2014 (LBO) – Sharhan Muhseen a Sri Lanka born investment banker, has been appointed Head of Financial Institutions for Southeast Asia at Credit Suisse, a Zurich-based financial group. “We are delighted to have Sharhan joining us at Credit Suisse,” Michael Tan, Head of Financial Institutions Group (FIG) Coverage for Asia Pacific said in […]
Football: History hangs heavy as Dutch, Argentina clash
SAO PAULO, July 8, 2014 (AFP) – Fuelled by decades of hurt, Lionel Messi’s Argentina and Arjen Robben’s Holland will carry competing motivations into Wednesday’s tantalising World Cup semi-final showdown at Sao Paulo’s Corinthians Arena. Argentina, who last reached the final in 1990, will be determined to pay appropriate homage to former great Alfredo Di […]
Babel
July 8, 2014 (LBO) – Google has added Sinhalese, spoken by a majority of residents in Sri Lanka to its Gmail webmail service along with 13 other languages. The display language can be changed by going to settings and choosing from a dropdown menu. Gmail is already available in 58 languages, and today we’re bringing […]
Football: Brazil players ready to cope in Neymar absence
TERESÓPOLIS, July 7, 2014 (AFP) – Willian and Bernard, the two leading contenders to replace Neymar in Brazil’s World Cup semi-final line-up against Germany insisted on Sunday that the team can still win the competition without their star player. “Neymar sets the standard for us.He is capable of deciding any game, so playing without him […]
Sri Lanka tourist boom boosts beer sales
July 7, 2014 (LBO) – Strong tourist arrivals to Sri Lanka have boosted beer sales, with demand brimming over during the high season in popular tourist spots, the island’s top beer maker said. Sri Lanka has seen a strong increase in budget tourists who interact directly with the small businesses and enterprises. “Unlike in the […]