Category: Industry
‘s branded apparel makers eye bigger domestic market
June 23, 2014 (LBO) Sri Lanka’s apparel makers are targeting a bigger share of an estimated two billion US dollar domestic market, officials said. The association said that the plans are on pipeline to open up a whole sale mall for international and domestic buyers to buy any fabric requirements and branding cloths. “This will […]
SriLankan Airlines on track to raise US$175mn at 5.3-pct: report
June 23, 2014 (LBO) – State-run Sri Lankan Airlines is on track to raise US$175 mn from 5-year bonds at around 5.3 percent, a media report said. The sale is managed by Standard Chartered. Bloomberg newswires citing un-named sources said the bond was launched at 5.625 percent earlier Monday and price guidance was later narrowed […]
Starting Up
June 23, 2014 (LBO) – Sri Lanka’s information technology chamber and accounting institute is holding a forum to boost financing accounting outsourcing companies in the island. Sri Lanka Association of Software and Services Companies (SLASSCOM) said it is partnering with the Institute of Chartered Accountants of Sri Lanka (CA) to host the forum on June […]
Board Appointment
June 23, 2014 (LBO) – Upali Dharmadasa, managing director of Sri Lanka’s Nawaloka group has been appointed a director of Seylan Bank Plc.Dharmadasa has 32 years in corporate management, and is also chairman of Sri Lanka Insurance Corporation, the bank said in a statement. He is Managing Director of Nawaloka Piling, Nawaloka Timber Stores, Nawaloka […]
Cricket: Jayawardene stands firm after Ali double
LEEDS, June 22, 2014 (AFP) – Mahela Jayawardene steered Sri Lanka to a lead of more than a hundred runs in the second Test at Headingley after Moeen Ali proved an unlikely bowling hero for England.Sri Lanka were 214 for four in their second innings at stumps on Sunday’s third day, a lead of 106 […]
Cricket: Sri Lanka fight back after Robson century
LEEDS, June 21, 2014 (AFP) – Australia-born opener Sam Robson scored his maiden Test century before Sri Lanka checked England’s progress on the second day of the second Test at Headingley on Saturday.England were 320 for six in reply to Sri Lanka’s 257, a lead of 63 runs, at stumps after Robson had made 127 […]
‘s Mattala airport speeds up refueling
June 21, 2014 (LBO) – An aviation fuel hydrant and storage terminal at Sri Lanka’s Mattala Rajapaksa International Airport, has allowed it to refuel the largest aircraft in the world quickly, the state petroleum utility said.Ceylon Petroleum Corporation which has a monopoly of fuel supply at Sri Lanka’s two international airports said the airport originally […]
Football: Three jailed over English match-fixing plot
LONDON, June 20, 2014 (AFP) – A court jailed three men on Friday for up to five years over their involvement in a plot to fix English lower league games after coming to Britain from Singapore.Krishna Ganeshan, 44, and Chann Sankaran, 33, were sent to prison for five years each, with the judge describing them […]
” Broad takes his second Test hat-trick
LEEDS, June 20, 2014 (AFP) – Stuart Broad admitted he had no idea he had become the first England bowler to take two Test hat-tricks and just the fourth in all after he struck with three succesive balls against Sri Lanka at Headingley on Friday.The seamer, who had previously performed the feat against India at […]
Football: Suarez double shatters England as Uruguay win
SAO PAULO, June 20, 2014 (AFP) – Luis Suarez scored twice as Uruguay sent England spinning towards their earliest World Cup exit in 56 years on Thursday with a 2-1 victory.Liverpool striker Suarez grabbed the second of two opportunistic goals in the 85th minute of a tense Group D battle in Sao Paulo after Wayne […]
Sri Lanka exports up 9.4-pct in April, trade gap down amid weak credit
June 20, 2014 (LBO) – Sri Lanka’s exports grew 9.4 percent to 762.2 million US dollars, while imports fell 5.3 percent in April from a year earlier, amid weak domestic credit, allowing foreign reserves to grow, official data showed.However Sri Lanka’s credit growth has been weak or negative in the past few months. When domestic […]
Fleet Expansion
June 20, 2014 (LBO) – Sri Lanka state-run Ceylon Shipping Lines will buy a tanker to transport crude in addition to two bulk carriers, as part of building up a plan to become a shipping hub, information minister Keheliya Rambukwelle said. Until the shipping line has sufficient capacity it will be given a commission of […]