Category: Industry
Sri Lanka to re-start oil refinery
July 16, 2014 (LBO) – Sri Lanka has repaired an offshore unloading buoy allowing state-run Ceylon Petroleum Corporation to re-start its refinery which was closed due to lack of crude stocks, the petroleum ministry said.The buoy was repaired on July 15 and 50,000 barrels were unloaded yesterday, the ministry said, allowing the refinery to start […]
Top Appointment
July 16, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager Personal Banking has been appointed Chief Operating Officer and Executive Director. The appointment takes effect on July 17. He has been with Commercial Bank for 34 years. In July 2003, he was appointed country manager Bangladesh, […]
Cricket: Sri Lanka plan memorable farewell for Jayawardene
GALLE, July 15, 2014 (AFP) – Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. “They’ve still got these very good players in the team and they are a very strong team […]
Netherlands sees expanding trade and investments with Sri Lanka
Aug 15, 2014 (LBO) – Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding also available, officials said. “We are actively looking for new trading partners around the world,” visiting Dutch Vice-Minister for Foreign Trade Simon Mits, who led a trade mission […]
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 […]
Football: World Cup history for Germany as Goetze sinks Argentina
RIO DE JANEIRO, July 14, 2014 (AFP) – Mario Goetze scored a superb extra-time winner as Germany beat Argentina 1-0 to become the first European team to win a World Cup held in South America on Sunday.Germany’s Neuer won the Golden Glove award for the tournament’s best goalkeeper. The 28-year-old Bayern Munich player was presented […]
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 […]