Category: Industry
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 […]
Sri Lanka to field against India in World T20 final
DHAKA, April 6, 2014 (AFP) – Sri Lanka’s stand-in captain Lasith Malinga won the toss in the World Twenty20 final in Dhaka on Sunday and sent India in to bat.Umpires: Ian Gould (ENG) and Richard Kettleborough (ENG) The start was delayed by 40 minutes due to rain, but will be played over the full duration […]
Internet Freedoms
WASHINGTON, April 6, 2014 (AFP) – It could be a difficult breakup between the US government and the Internet.A plan unveiled last month would see the US relinquish its key oversight role for the Internet, handing that over to “the global multistakeholder community.” US officials say the move is part of a longstanding effort to […]
Sri Lanka tourist arrivals up 17.5-pct in March 2014
Apr 06, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 17.5 percent to 133,048 in March 2014 from a year earlier backed by strong growth from Eastern Europe, East Asia and India, official data showed. Newly emerging Poland extended gains rising 67.2 percent to 1,903. In the first quarter Poland had generated 6,354 visitors up […]
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 […]
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 […]
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 […]