Category: Industry
India, Sri Lanka set for intriguing World T20 final
DHAKA, April 5, 2014 (AFP) – Sri Lanka face a daunting test of nerves from dominant India in Sunday’s all-Asian World Twenty20 final in Dhaka that is rich with incentives for both teams.Meanwhile, defending champions Australia will take on England in the women’s final at the Sher-e-Bangla stadium a few hours before the men take […]
Southern Port
Apr 05, 2014 (LBO) – Vehicle transshipments through Sri Lanka’s Hambantota port in the South of the country has picked up with over 200 roll-on-roll-off car carriers calling since it began operations in nearly two years ago.Canada’s SNC Lavolin Canadian International Company had conducted the feasibility study of the port and the basic designs were […]
Lending Status
Apr 04, 2014 (LBO) – Sri Lanka’s Bank of Ceylon said it financed the building of 368 kilometres of roads as part of credit given to the state its main shareholder, 30.9 billion rupees for water projects and 5.2 billion rupees for hotels. The bank said its net interest margin narrowed to 3.3 percent to […]
Sri Lanka beat West Indies, enter World T20 final
DHAKA, April 3, 2014 (AFP) – Sri Lanka defeated the West Indies by 27 runs on the Duckworth-Lewis method on Thursday to enter the World Twenty20 final in Dhaka.Sri Lanka await the winners of Friday’s second semi-final between India and South Africa in Sunday’s title clash.The West Indies, chasing Sri Lanka’s 160-6, were 80-4 in […]
Sri Lanka in final after rain dashes Windies hopes
DHAKA, April 3, 2014 (AFP) – Sri Lanka reached the final of the World Twenty20 with a 27-run win over West Indies, the defending champions, after the first semi-final was ended by rain on Thursday.Dilshan and Thirimanne added 42 for the fourth wicket before Dilshan became the second batsman to be run out. He hit […]
Sri Lanka cricketers offered million dollars to win T20
COLOMBO, April 4, 2014 (AFP) – The Sri Lankan team will be handed a million dollar bonus if they can shake off their reputation as chokers in the final of the World Twenty20 this weekend, the country’s cricket board announced Friday.They have also been beaten in the final of the last two 50 over World […]
Capital Access
Apr 03, 2014 (LBO) – A high tech 45 billion rupee bridge will clear a traffic bottleneck to Sri Lanka’s capital Colombo and minimize its impact on the river flow underneath, the Japan International Cooperation Agency said.The bridge across Sri Lanka’s Kelani River will allow a smooth flow of traffic in to the city through […]
Mass Transit
Apr 03, 2014 (LBO) – Sri Lanka’s transport ministry has responded to our story ‘ Sri Lanka to build US$ 1.3bn monorail with Japan finance .’ The letter from the ministry of transport is published in full below with LBO’s observations on the underlying nature of government finance:- Editor Lanka Business Online Comment to the […]
Sri Lanka romp into semis after Herath heroics
CHITTAGONG, March 31, 2014 (AFP) – Left-arm spin wizard Rangana Herath conjured up astonishing figures of 3-5 to help Sri Lanka demolish New Zealand by 59 runs Monday in the race for the World Twenty20 semi-finals.Thisara Perera hit three boundaries in his 13-ball 16 before Neesham took three wickets in 14 balls to rout the […]
‘s Dilshan fined for showing dissent
DHAKA, April 1, 2014 (AFP) – Sri Lankan opener Tillakaratne Dilshan has been fined 20 per cent of his match fee for breaching the players’ code of conduct during the game against New Zealand in Chittagong, the International Cricket Council said on Monday.Dilshan was found to have shown dissent at an umpire’s decision during his […]
Merger Progress
Apr 01, 2013 (LBO) – Sri Lanka’s central bank said it had approved in principle mergers among a few banks and non-bank lenders, in a regulator driven bid to build a financial sector made up of fewer, larger firms.Several non-bank lenders have seen bad loans rise over the past few years amid tighter economic conditions […]
Air Credit
Apr 01, 2014 (LBO) – Standard Chartered Bank said it had structured a 150 million US dollar equivalent Islamic finance facility for state-run Sri Lankan Airlines which was partly secured by a government guarantee and receivables.In 2012 SriLankan raised a 175 million US dollar equivalent facility from Gulf banks. “The proceeds of the facility will […]