Category: Industry
Cricket: England look to seal Sri Lanka deal
LEEDS, June 19, 2014 (AFP) – England will hope to go one wicket better when they face Sri Lanka in the second and final Test of their series at Headingley on Friday.Alastair Cook’s new-look side were denied victory in the first Test at Lord’s on Monday after Sri Lanka No 11 Nuwan Pradeep got through […]
Linked Up
June 19, 2014 (LBO) – Sri Lanka’s information technology sector is setting up an online portal to collaborate with universities, academics and students, an industry chamber said. SLASSCOM says the industry want to reach 5 billion US dollars in revenue and create 200,000 direct jobs and 1,000 start ups by 2022, for which active collaboration […]
Fund Rating
June 18, 2014 (LBO) – Fitch Ratings said an ‘A-(lka)’ national fund credit rating given to Ceylon Income Fund in Sri Lanka has been confirmed. The negative modifier in the fund’s ‘A-(lka)’ National Fund Credit Rating reflects Fitch’s view that the fund is moderately concentrated with a top-five issuer concentration of around 56% of the […]
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SANTO ANDRÉ, June 18, 2014 (AFP) – Goal-scoring machine Gerd Mueller was unkindly nicknamed ‘short, fat Mueller’ during his career, now Germany’s latest hot-shot star has been dubbed ‘El Flaco’ — the Skinny One — by Argentina legend Maradona.Thomas Mueller claimed the first hat-trick of these World Cup finals in Monday’s 4-0 drubbing of Portugal […]
Cricket: Muralitharan joins Australian coaching team
SYDNEY, June 18, 2014 (AFP) – Sri Lankan spin great Muthiah Muralitharan announced Wednesday he will join the Australian coaching team for their series against Pakistan in the United Arab Emirates.The world’s leading Test wicket taker is already working with Australia’s top spinner Nathan Lyon as part of Australia’s National Cricket Centre Spin Programme, and […]
‘s insurance regulator meets AIG over exit
June 18, 2014 (LBO) – The Insurance Board of Sri Lanka is in discussions with AIG Insurance over its planned exit from the island, Chairperson Indrani Sugathadasa said.The firm is expected to submit a report to the regulator over its policies shortly. “But before the report we are having a discussion with them because we […]
Sri Lanka may encourage smaller insurers to merge: CB Governor
June 18, 2014 (LBO) – Sri Lanka’s smaller insurers should merge to become larger players and which will give an assurance to customers that they will survive in the longer term, Central Bank Governor Nivard Cabraal said. “I would like to see bigger and more stable insurers,” Cabraal told a forum on pensions organized by […]
Cricket: Sri Lanka hold out for dramatic draw with England
LONDON, June 16, 2014 (AFP) – Sri Lanka tail-ender Nuwan Pradeep survived the final five balls of the match as the tourists clung on for a thrilling draw with England in the first Test at Lord’s on Monday. Cook, predictably, declared on England’s overnight 267 for eight after left-hander Gary Ballance had reached his maiden […]
Football: German-born Brooks gives USA memorable win over Ghana
NATAL, June 17, 2014 (AFP) – German-born United States defender John Brooks came off the bench to stun Ghana with a late winner in a 2-1 victory in Natal on Monday to put a huge dent in the 2010 World Cup quarter-finalists hopes of emulating that feat this time round.Ghana showed improvement after the break, […]
Sri Lanka indigenous community to get electricity
June 17, 2014 (LBO) – A remote area where indigenous original inhabitants of Sri Lanka are living will get electricity later this month, as plans are on track to electrify the entire island, the power ministry said. Sri Lanka’s indigenous people are known as Veddah’s while they refer to themselves as Wannielaaththo or people of […]
”: S&P
June 17, 2014 (LBO) – A planned 5-year government guaranteed international bond SriLankan Airlines has been rated ‘B+’, the same as Sri Lanka’s sovereign rating, Standard & Poor’s said. Bloomberg newswires, a news agency, citing an unnamed source said Standard Chartered has been hired by SriLankan to organize meeting with investors in Asia and Europe […]
Vehicle Trend
June 17, 2014 (LBO) – Sri Lanka’s car, sports utility vehicles and motor bike registrations were up in May 2014 from a year earlier, but commercial vehicle were sharply down amid lease defaults.An analysis of Sri Lanka’s vehicle registry data by JB Securities, an equities brokerage showed that total new registrations fell 3.3 percent to […]