Category: Industry
Wearable Computing
PARIS, August 17, 2013 (AFP) – South Korea’s Samsung Electronics will unveil its new Galaxy Gear “smartwatch” early next month, ahead of Apple’s iWatch, Bloomberg news and a fan site said Saturday.The Galaxy Gear, which will allow users to make calls, access email and even surf the Internet, will launch on September 4, said the […]
” challenge in Sri Lanka
August 15, 2013 (AFP) – England cricket legend Sir Ian Botham said Thursday he has accepted his “daftest” challenge — walking hundreds of miles under Sri Lanka’s scorching sun to raise money for charity.“It is good to make appeals on television, but when they see you actually doing something, then they are likely to give […]
Cricket: Pakistan plans day-night Test with Sri Lanka
KARACHI, August 15, 2013 (AFP) – Pakistan cricket authorities said Thursday they have proposed playing day-night Tests in the upcoming series against Sri Lanka in the United Arab Emirates in a bid to attract bigger crowds.“The time and weather would be ideal as there will be no dew at that time and it will be […]
Sri Lanka rejects night cricket Tests with pink ball
COLOMBO, August 16, 2013 (AFP) – Sri Lanka on Friday turned down a request from Pakistan to play day-night Tests in the upcoming series in the United Arab Emirates (UAE) where both countries have loyal fans. Sri Lanka Cricket (SLC) said it decided against playing day-night Tests “since the national team players have not practised […]
Australian tycoon Packer eyes Japan casino
SYDNEY, August 16, 2013 (AFP) – Australian tycoon James Packer said Friday he wants to expand his gaming empire into the lucrative Japanese market in the form of resort-casinos to tap the country’s love of gambling. The mogul, who already operates casinos in Melbourne, Perth and Macau and is planning complexes in Manila, Sydney and […]
Capital Boost
Aug 15, 2013 (LBO) – The capital of Sri Lanka’s state-run People’s Bank will be increased to keep pace with higher business volumes information minister Keheliya Rambukwelle said.As a first step the cabinet of ministers had approved changes to its governing law to increase its authorized capital to 50 billion rupees. A change will also […]
Higher Profits
Aug 15, 2013 (LBO) – Profits at Sri Lanka’s National Development Bank group rose 297 percent to 797 million rupees in the June 2013 quarter helped by strong interest income and lower bad loan provisions, interim accounts showed. Trading profits rose to 285 million rupees from 211 million rupees and other operating profits were 425 […]
Petro Projects
Aug 15, 2013 (LBO) – Sri Lanka’s Laugfs gas group has been give the nod to build liquefied petroleum gas terminal and a lubricant blending plant with investments of 21.14 million US dollar at Hambantota port, a minister said. Both projects will serve export markets. Information minister Keheliya Rambukwelle said the cabinet of minister had […]
Chance
Aug 15, 2013 (LBO) – Sri Lanka’s state-run National Lotteries Board (NLB) expects revenues to grow 16.2 percent to 14.7 billion rupees in 2013, a top official said.This year it has paid 3,761 million rupees as prize money and created paid prizes of over 10 million rupees to 14 winners. Chairman Chaminda Athuluwage said revenues […]
Growing Sector
Aug 15, 2013 (LBO) – Sri Lanka™s human resources management sector is growing faster than in countries like India and China where there is a relative slowdown, an international specialist said. “The aspiration and the sentiment in the HR sector here is quite positive and its growth path is escalating,” Pat Caputo from Aon Hewitt’s […]
Appointment
Aug 15, 2013 (LBO) – Sri Lanka’s EAP Holdings said award Prasanna Vithanage, an award winning film and theatre director has been appointed as an independent director to board of its media and entertainment division.EAP Media and Entertainment division runs terrestrial television stations Swarnavahini and ETV; Shree FM, E FM and Run FM radio channels […]
Weak Quarter
Aug 15, 2013 (LBO) – Profits at Sri Lanka’s Sampath Bank fell 48 percent to 651 million rupees amid higher charges for losses on gold-backed loans, interim accounts showed. Core capital adequacy fell to 10.51 percent of risk weighted assets by Jun from 11.87 percent in December and total capital adequacy fell to 12.64 percent […]