Category: Industry
‘s Sri Lanka rout
MANCHESTER, May 29, 2014 (AFP) – England bowling coach David Saker hailed Chris Jordan as the “ultimate professional” after the all-rounder spearheaded a stunning 10-wicket defeat of Sri Lanka in the third one-day international. Meanwhile Sri Lanka captain Angelo Mathews was left hoping his side could follow England’s example in bouncing back from a heavy […]
Sri Lanka cricket captain: senior players like family
LONDON, May 27, 2014 (AFP) – Sri Lanka captain Angelo Mathews is banking on his side’s core of vastly experienced players to continue the tourists’ recovery in their one-day international series with England.Having lost a rain-affected opener at The Oval, Sri Lanka hit back in stunning style at Chester-le-Street to dismiss England for 99, with […]
Credit Trend
May 28, 2014 (LBO) – Sri Lanka’s banks are lending money to industry and services, but the total loan stock is not growing fast because of contracting gold loans, Deputy Central Bank Governor Ananda Silva said. The Central Bank gave a partial credit guarantee to banks to lend against gold, which is expected to boost […]
Tariff Dilemma
May 27, 2014 (LBO) – Sri Lanka’s telecom companies have to share networks and invest together to cut broadband costs as higher margin voice usage gives way to cheaper data based services, head of Dialog Axiata, the island’s largest mobile firm has said.Dialog group chief executive Hans Wijayasuriya said Sri Lanka has been recognized among […]
School System
May 27, 2014 (LBO) – Sri Lanka has started testing mathematics e-learning programs in the country’s school system to decide whether such courses should be used throughout the country, the Asian Development Bank said. Sri Lanka has a state-run school system with a centralized curriculum, and the Asian Development Bank. Courses from Khan Academy, a […]
‘s Aitken Spence March 2014 quarter profits up 12-pct
May 27, 2014 (LBO) – Profits at Sri Lanka’s Aitken Spence, which has interests in leisure, logistics and power rose 12 percent from a year earlier to 1.36 billion rupees in the March 2014 quarter helped by tourism, interim accounts show. The firm reported earnings of 3.36 rupees per share for the quarter. In the […]
Second Plan
May 27, 2014 (LBO) – Sri Lanka’s Central Bank, said it had given a liquidity facility to The Finance Company, and has also changed the board under a new restructuring plan. Chairman M P Jayawardena and C Rosa had said they were not available re-appointment, the statement said. The Finance was a member of Sri […]
Cricket: Sri Lanka defeat sorry England by 157 runs
CHESTER-LE-STREET, May 25, 2014 (AFP) – Sri Lanka came up with the perfect response to their defeat in the first one-day international against England as they swept aside Alastair Cook’s team in the second meeting at the Riverside on Sunday. Ashan Priyanjan added an important 43 runs for the tourists, who set a target of […]
Sri Lanka exports surge 28.6-pct in March, trade gap narrows
May 26, 2014 (LBO) – Sri Lanka’s exports surged 28.6 percent in March 2014 from a year earlier to 1,069.9 million US dollars with apparel up 32.6 percent keeping the momentum seen from the last quarter as Western economies recovered. The trade gap narrowed 13.5 percent 1,816 million US dollars in the first three months […]
China turns expressway into military airstrip: reports
BEIJING, May 26, 2014 (AFP) – China has flown warplanes on to and from a civilian road for the first time, state media said Monday, a technique which could be used for “emergency landings during wartime”. An image of a fighter jet taking off from a motorway in the central province of Henan — with […]
Vehicle Trend
May 26, 2014 (LBO) – Sri Lanka’s commercial vehicle registrations continued were sharply down from a year earlier, especially trucks in April 2014, though motor cycle sales were up, an analysis by an equities research unit shows.Motor car registrations were flat at 1,917 units, only marginally down from 1977 units a year earlier. Among small […]
England skipper face injury doubt before Sri Lanka match
LONDON, May 24, 2014 (AFP) – England captain Alastair Cook could be ruled out of Sunday’s second one-day international against Sri Lanka at Chester-le-Street with a groin injury.Eoin Morgan — who led the Twenty20 side last week in place of the injured Stuart Broad — could again step in as captain should Cook miss out. […]