Category: Industry
‘s LTL Holdings wins Nepal transformer order: report
June 03, 2014 (LBO) – Sri Lanka-based LTL Holdings has won an order to supply more than a 1000 transformer to the Nepal Electricity Authority (NEA), a media report said. The report said Nepal needs 2,000 to 3,000 and the power authority. “It has been more than two years since the NEA last purchased transformers,” […]
Football Boost
June 03, 2014 (LBO) – Allianz Lanka, a unit of Germany’s Allianz said it will select two young football players for a training camp in Germany with Bayern Munchen club, for the second time. In addition to 50 brand offices, applications are also on www.allianz.lk, which have a deadline of June 25, the company said. […]
” adventure tourism push
June 3, 2014 (LBO) – Sri Lanka national carrier and Lanka Sportreizen, a travel firm is planning an annual cross-country adventure tournament in an effort to boost tourism in the country, officials said. “We like to encourage more adventure tourists to come into Sri Lanka,” G T Jeyaseelan, Chief Marketing officer of SriLankan Airline said. […]
Hub Ambition
Over the course of five years since the end of the war, Sri Lanka has embarked on an ambitious physical infrastructure drive, with the aim of taking advantage of the country’s strategic geographical location. With its close proximity to major international shipping lanes and to the Indian subcontinent, Sri Lanka can be positioned as a […]
Basic Principle
June 02, 2014 (LBO) – A credit to guarantee to encourage banks to lend more against gold may help reduce the build-up of bad loans, but pawning loans are not risk-free as currently categorized in Sri Lanka, Fitch Ratings said.Non-performing loans in Sri Lanka’s banking system had risen to 5.6 percent of total loans by […]
Cricket: Ton-up Sangakkara rallies Sri Lanka
LONDON, May 31, 2014 (AFP) – Kumar Sangakkara’s first century at Lord’s saw Sri Lanka bounce back in the fourth one-day international against England on Saturday.Just days after they’d been shot out for 67 at Old Trafford, Sri Lanka made 300 for nine after being sent into bat. Sangakkara’s 112 — his first hundred at […]
”’ business hotel on track
May 31, 2014 (LBO) – John Keells Holdings said its ‘Cinnamon Red’ business hotel in Sri Lanka’s capital Colombo will open during the current financial year.JKH which also has resorts in the Maldives, said occupancy there was also higher with a 17 percent gain in arrivals. The 240-room building is now under construction and will […]
England skipper worried about keeper in Sri Lanka series
MANCHESTER, May 30, 2014 (AFP) – Alastair Cook’s focus may be on the ongoing one-day series with Sri Lanka but the fitness of wicketkeeper Matt Prior ahead of the Test matches with the tourists is a concern for the England captain.Established Test gloveman Prior was dropped from the side during the team’s 5-0 Ashes thrashing […]
Cricket: Jordan strikes as England thrash Sri Lanka
MANCHESTER, May 28, 2014 (AFP) – Chris Jordan led England’s attack as they bowled out Sri Lanka for just 67 on the way to completing a crushing 10-wicket win in the third one-day international at Old Trafford on Wednesday.The Sussex paceman took a career-best five wickets for 29 runs as England, after fit-again captain Alastair […]
‘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 […]