Category: Industry
Borrowing Trends
Apr 09, 2014 (LBO) – Sri Lankan firms have got the nod to borrow 335 million US dollars abroad 2013 by the Central Bank, while debt markets also supplanted bank loans in 2013, as commercial bank credit to private firms slowed, an official said. Analysts say it is important to allow for a period of […]
Cricket: Sri Lanka party marred by player dispute
COLOMBO, April 8, 2014 (AFP) – Sri Lanka’s team flew home in triumph Tuesday to a huge street party after winning the world Twenty20 tournament, but celebrations were marred by controversy over the retirements of Mahela Jayawardene and Kumar Sangakkara.Tens of thousands of fans lined the street from the main international airport to downtown Colombo, […]
‘s Citrus Leisure opens second resort; eyes two more
Apr 08, 2014 (LBO) – Citrus Leisure Plc, which opened a 150-room resort in Waskaduwa, on Sri Lanka’s South Western coast is planning another two resorts on the Western and Southern coasts, officials said. The hotel has 250 employees and says in-house training will help keep service levels high as demand for tourism sector workers […]
Cruise Call
Apr 08, 2014 (LBO) – Luxury liner MS Amadea made its maiden call at Sri Lanka’s Hambantota port with 479 passengers and visited tourist hotspots in Southern Sri Lanka, the state ports agency said.Sri Lanka Ports Authority said the 423 of the passengers were German nationals and they had day excursions to Kataragama and Udawalawe […]
Sri Lanka celebrates biggest cricket win in 18 years
COLOMBO, April 6, 2014 (AFP) – Sri Lanka fans at home burst firecrackers and danced on the streets as the national team won the World Twenty20 title beating India by six wickets in Dhaka on Sunday. Instant celebrations broke out at cricket grounds and public parks in the capital Colombo as well as in suburban […]
Cricket: Sri Lanka beat India to win World Twenty20
DHAKA, April 6, 2014 (AFP) – Kumar Sangakkara hit a memorable half-century to help Sri Lanka to a six-wicket victory over India in the World Twenty20 final in Dhaka on Sunday. The veteran left-hander knocked a 35-ball 52 not out in his last Twenty20 match to guide the Sri Lankan chase of a modest 131-run […]
Cricket: Sri Lankan suffers heart attack after betting on India
COLOMBO, April 7, 2014 (AFP) – A Sri Lankan fruit seller suffered a massive heart attack and died after he lost a $300 bet that India would win the cricket World T20 tournament, police said Monday. S. P. Kumara placed the 40,000-rupee bet on the eve of Sunday’s final, wrongly predicting that Sri Lanka would […]
Sri Lanka finally taste Cup success as India crumble
DHAKA, April 7, 2014 (AFP) – Sri Lanka’s stunning victory over India in the World Twenty20 final underlines how success in hit-and-run cricket depends not on form, but on how a team performs over those three hours in the field. Singh’s inconsistent form, which has already seen the cancer survivor axed from the Test and […]
Cricket: Sri Lanka brace for biggest party after war
COLOMBO, April 7, 2014 (AFP) – Sri Lanka was preparing to throw its biggest party since the end of the country’s ethnic war Monday after beating India in the final of cricket’s World T20 tournament. Government officials said that arrangements were being made to fly the team home early from Bangladesh to attend a ticker-tape […]
‘s Lankem Ceylon ups effective control of power firm
Apr 07, 2014 (LBO) – Sri Lanka’s Lankem Ceylon Plc said it is buying a 43.5 percent stake in Waverly Power (Pvt) Ltd, a hydro electricity company for 102 million rupees.The stake was held by another Lankem unit, Agarapatana Plantations Ltd, Lankem said in a stock exchange filing. Agarapanta is not a listed company. Prior […]
Rotana Jet starts Sri Lanka flights to Colombo, Matala
Apr 07, 2014 (LBO) – Abu Dhabi based Rotana Jet said will start flying to Sri Lanka’s Colombo and Matala airports from April 09, three times a week.The airline will use Airbus 319 aircraft from Al Bateen Airport in Abu Dhabi on Wednesdays, Thursdays and Saturdays. The airline said it hopes to increase frequencies to […]
Fast Net
Apr 07, 2014 (LBO) – Sri Lanka Telecom, the country’s only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory Commission of Sri Lanka (TRCSL) in Narenhpita, a suburb of the capital Colombo, reached download speeds of […]