Category: Industry
Credit Trend
Dec 17, 2013 (LBO) – Sri Lanka’s commercial bank credit to the state surged in October 2013 following a net payback in September, while credit to business also rose, official data showed. Sri Lanka is recovering from a balance of payments crisis, which was originally fired by central bank credit injections to the banking system […]
Pakistan strive to keep momentum against Sri Lanka
SHARJAH, December 16, 2013 (AFP) – In-form Pakistan are seeking to build on their recent thrilling one-day triumph in South Africa when they take on dangerous but rusty Sri Lanka in a five-match series starting in the United Arab Emirates on Wednesday.The remaining ODIs will be played in Dubai (December 20), Sharjah (December 22) and […]
Media Training
Dec 16, 2013 (LBO) – Journalists in Sri Lanka and other South Asian countries are invited to participate in an online training program followed by a five day conference in Kathmandu, Nepal.The projects will be grouped together for regional cooperation. Project selections are made before the Kathmandu conference, giving the journalists an opportunity to plan […]
Colombo Plan
Dec 16, 2013 (LBO – Australia has launched a student exchange program called the ‘New Colombo Plan, which will see hundreds of students fanning out to study and intern in Indo Pacific countries.Australia will spend 100 million dollars over 5-years on the program. The Australian High Commission (embassy) in Colombo said the program will start […]
Cricket: Sri Lanka over the moon after Pakistan win
DUBAI, December 14, 2013 (AFP) – Sri Lankan captain Dinesh Chandimal said his team were over the moon on keeping their world number one status intact with a win against Pakistan in the second Twenty20 in Dubai on Friday.The 24-run win levelled the two-match series 1-1 and dashed Pakistan’s hopes of replacing Sri Lanka as […]
” amid China tensions
TOKYO, December 14, 2013 (AFP) – Japan and Southeast Asian countries agreed Saturday on the importance of freedom in the skies, in the first major gathering of the continent’s leaders since China ramped up regional tensions with a controversial air defence zone.The Philippines, Vietnam, Malaysia and Brunei all have their own disputes with China over […]
Sri Lanka promise fightback against Pakistan
DUBAI (AFP) – Sri Lankan captain Dinesh Chandimal vowed his team would come back hard at Pakistan in the second Twenty20 international in Dubai on Friday to keep their world number one ranking intact.Pakistan edged out Sri Lanka by three wickets in a thrilling last-over finish in the first match on Wednesday. If Pakistan, currently […]
Sri Lanka insurance outlook stable despite underwriting losses: Fitch
Dec 13, 2013 (LBO) – Fitch Ratings said the outlook for Sri Lanka’s insurance sector was stable despite many insurers making underwriting losses and uncertainty over the effects of regulatory changes.The rating agency said intense price competition in motor has kept the combined ratio’s of many insurers above 100 percent, indicating that before investment income […]
‘s T20 win over Sri Lanka
DUBAI, December 11, 2013 (AFP) – Dashing allrounder Shahid Afridi starred in Pakistan’s exciting three-wicket win over Sri Lanka in the first Twenty20 international at Dubai stadium on Wednesday. Afridi scored an unbeaten 20-ball 39, hitting the winning six off the last ball of the final over by paceman Nuwan Kulasekara to give Pakistan a […]
IATA sees record profits for airlines in 2014
GENEVA, December 12, 2013 (AFP) – Airlines are expected to post record profits in 2014, the International Air Transport Association said Thursday, citing sliding oil prices and mergers for the sector’s improving outlook.European airlines, meanwhile, are seen as making major progress, with profits expected to hit $3.2 billion in 2014, up from $1.7 billion this […]
Expanded Use
Dec 12, 2013 (LBO) – SAP AG, an information technology company known for its enterprises resource planning software is expecting more business in Sri Lanka with a wider range of its products including e-government solutions, an official said.Public services included central and regional government, Treasury, healthcare, education, port and airports and project management. On Tuesday […]
Tweet Pix
SAN FRANCISCO, December 10, 2013 (AFP) – Updated mobile software rolled out Tuesday by Twitter lets smartphone users send pictures in direct, personal messages seen only by recipients instead of being shared publicly on the social network. “For the first time, you can share and view photos via direct message on your mobile phone,” Jeremy […]