Category: Industry
Sri Lanka JKH unit gets Air France-KLM agency
Jan 31, 2014 (LBO) – Mack Air (Pvt) Ltd, a unit of Sri Lanka’s John Keells Holdings said it will be the general sales agent for Air France – KLM in the island from February 2014.The agency for the Netherlands-based KLM was held by Sri Lanka’s Carson Cumberbatch for 50 years, dating back from before […]
Capital Raising
Jan 31, 2014 (LBO) – Sri Lanka’s Commercial Credit and Finance Plc said it planned to raise 1.6 billion rupees from a US registered company.Creation Investments Sri Lanka LLC, a Delware, USA, registered firm will initially buy 40 million shares at 21 rupees each for 1,008 million rupees, the firm said in a stock exchange […]
Cricket: ICC set to go back to the future
LONDON, January 30, 2014 (AFP) – For much of its history the International Cricket Council (ICC) was unable to do anything without the approval of England and Australia, the two original Test nations.So the announcement from the ICC’s headquarters in Dubai on Wednesday that it had agreed in principle to be effectively run by India, […]
Cricket: Five-star Perera hands Sri Lanka massive win
DHAKA, January 30, 2014 (AFP) – Off-spinner Dilruwan Perera picked up five wickets as Sri Lanka thumped fragile Bangladesh by an innings and 248 runs in the first Test in Dhaka on Thursday.Bangladesh, trailing by a huge 498-run margin on first innings, were bowled out for 250 in their second knock after lunch on the […]
” behind cricket shake-up
LONDON, January 28, 2014 (AFP) – World cricket was set for a shake-up after the International Cricket Council gave “unanimous support” for “principles” to change its structure and governance.Leaked draft proposals from the sport’s most financially powerful ‘Big Three’ nations argued for more power to be placed in the hands of India, England and Australia. […]
Cricket: Ton-up Jayawardene flays Bangladesh
DHAKA, January 29, 2014 (AFP) – Mahela Jayawardene became Test cricket’s seventh-highest run-getter with an unbeaten century as Sri Lanka compounded Bangladesh’s misery in the first Test in Dhaka on Wednesday.The veteran right-hander was on 146 not out, his 33rd Test hundred, as the tourists went to tea on the third day at 602-6, a […]
Cricket: Sri Lanka seamers rock Bangladesh in first Test
DHAKA, January 27, 2014 (AFP) – Seamers Shaminda Eranga and Suranga Lakmal shared seven Bangladesh wickets as Sri Lanka dominated the opening day of the first Test in Dhaka on Monday.Eranga finished with 4-49 and Lakmal claimed 3-66 to help bowl out Bangladesh for 232 after the tourists won the toss and chose to field […]
” given tax breaks
Jan 28, 2014 (LBO) – A 1.3 billion US dollar sea reclamation project by the main port in Sri Lanka’s capital Colombo by a Chinese firm has been given sweeping tax breaks, a government notice said.The Chinese firm will build the city and will give a part of the land to Sri Lanka’s ports agency. […]
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 […]