Category: Industry
Tele Talks
Jan 28, 2014 (LBO) – Sri Lanka Telecom whose main shareholders are Sri Lanka’s goverment and Malaysia’s UT group said its mobile unit was in talks with Hutchison to acquire its operations in the island.SLT said in a stock exchange filing that negotiations are at a “preliminary stage” with a final decision to be made […]
Soft Unit
Jan 28, 2014 (LBO) – Netherlands based ISM eCommerce will set up a 3 million US dollar business process outsourcing and software development unit in Sri Lanka, the island’s state investment promotion office said.The firm’s customers included Royal Dutch Post (PostNL), Seiko Watches, Akzo Nobel, Heineken and Chelsea football club, the Board of Investment of […]
‘s top order
DHAKA, January 27, 2014 (AFP) – Seamer Shaminda Eranga claimed two wickets as Sri Lanka reduced Bangladesh to 72-4 in the opening session of the first Test in Dhaka on Monday.The tourists justified their decision to bowl first on a rock-hard pitch at the Sher-e-Bangla stadium by grabbing four wickets with just 59 runs on […]
Cricket: Sri Lanka seek Test revival in Bangladesh
DHAKA, January 26, 2014 (AFP) – Sri Lanka will look to bounce back after an embarrassing setback last week as Angelo Mathews’ tourists begin a two-Test series against an equally inconsistent Bangladesh from Monday.The hosts have recalled opening batsman Imrul Kayes for the first Test in Dhaka and included new batsman Shamsur Rahman, but the […]
Paradise Isle
Jan 25, 2014 (LBO) – The latest bright idea from Sri Lanka™s police is to ask all motor cyclists in the Western province to switch on their headlights during day-time.With this level of macro-economic boost, there will be no need for the Census and Statics department to massage national data.Director Wanasinghe who is regarded a […]
Cricket: Sri Lanka recall Mendis for Bangladesh Tests
COLOMBO, January 23, 2014 (AFP) – Sri Lanka’s selectors on Thursday recalled unorthodox spinner Ajantha Mendis for two Test matches in Bangladesh starting next week after keeping him out of the recent series against Pakistan.Mendis, 28, who bowls both off-spin and leg-breaks with an unusual finger-flicking action, last played a Test during his team’s home […]
Sri Lanka exports up 6.2-pct in 2013: trade ministry
Jan 23, 2014 (LBO) – Sri Lanka’s exports rose 6.2 percent from year earlier to 10,379 million US dollars, the commerce ministry said. Agriculture products grew 10.3 percent to 2479.94 million US dollars, industrial products grew 4.91 percent to 7,618 million US dollars with apparels up 13.31 percent to 4492.20 million. Other export crops surged […]
Start Up
Jan 23, 2014 (LBO) – Sri Lanka’s Cargills (Ceylon) Plc said it start up banking arm had been given the nod to start operations by the regulator.Cargills Bank was given a license to start operations from January 21, the firm said in a stock exchange filing. .
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SHARJAH, January 21, 2014 (AFP) – Departing Pakistan coach Dav Whatmore said he ended his tenure on a happy note with his team winning the third Test, and admitted he may still return in another capacity.“This victory (against Sri Lanka) will be ranked up there, the series win in India and one-day win in South […]
Sri Lanka, Korea in bid to boost trade, investment
Jan 22, 2014 (LBO) – A business forum in Sri Lanka on January 30 with the participation of a top Korean trade and investment promotion official is targeting greater business links between the two countries, organizers said. Weon Cheol Koh, head of KOTRA, the Korean and trade and investment promotion office will address the forum, […]
Rate Expectations
Jan 22, 2014 (LBO) – Sri Lanka’s policy rates will probably be kept at current levels for the next three to six months, a media report said as inflation remained subdued compared to earlier levels.“There may be some other adjustments that we may need to make in the economy as we move on, but from […]
Sri Lanka hoteliers showcase industry to students
Jan 21, 2014 (LBO) – Sri Lanka’s hotels are showcasing the industry to students in several parts of the country starting through a series of seminars and hotel visits. The Hotels Association of Sri Lanka (THASL) in association with Negombo Hoteliers Association and Institute of Tourism and Hospitality Management (ITHM) will conduct the first seminar […]