Category: Industry
Cricket: Indian chief must quit, says ministry
NEW DELHI, May 29, 2013 (AFP) – India’s sports ministry on Wednesday piled pressure on the chief of the country’s cricket board to quit on “moral grounds” over a widening betting and spot-fixing scandal that has rocked the sport.N. Srinivasan, head of the Board of Control for Cricket in India (BCCI), has been under fire […]
Sri Lanka proposed lease tax, foreigner curbs, may hurt property market: developer
May 29, 2013 (LBO) – A proposed tax on leases and restrictions on sale to foreigners may hurt the market, a property development firm has said.“The proposed amendment to the law introducing a prohibition of sale of lands in Sri Lanka to foreign nationals and on imposing a tax on lease value will have a […]
‘s Anilana Resorts in public offer
May 30, 2013 (LBO) – Anilana Hotels and Properties Limited has been given the nod to raise up to 960 million rupees through a public issue of shares, the Colombo Stock Exchange said.The firm will offer 40 million ordinary shares at 12 rupees a share to raise 480 million rupees and go up to 80 […]
Road Finance
May 29, 2013 (LBO) – China Development Bank will help finance an expressway to Sri Lanka’s North, the government said, after visiting President Mahinda Rajapaksa met its chairman Hu Huaibang in Beijing.CDB had already given 866 million US dollars for roads and irrigation including 214 million US dollars for Sri Lanka’s Moragahakanda Irrigation Project. The […]
Oil Pipe
May 28, 2013 (LBO) – State-run Ceylon Petroleum Corporation is repairing an off-shore oil pipeline is expected to completed Tuesday allowing crude to be unloaded from a tanker that was standing by, Sri Lanka’s petroleum ministry said.CPC’s refinery was shut after a consignment of crude failed to arrive in time, but when a second tanker […]
Way Cleared
May 28, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has re-started its 50,000 barrels per day refinery after a crude carrier started discharging cargo through a repaired pipeline, the island’s petroleum ministry said.. The off-shore single point buoy mooring system and pipeline through which crude is unloaded and brought to the refinery was […]
Tennis: Sharapova pledges tough love to photo buddy
PARIS, May 27, 2013 (AFP) – Maria Sharapova and highly-rated teenager Eugenie Bouchard have shared a sponsors’ photo-shoot, but the Russian superstar pledged no favours when the pair meet for a place in the French Open last 32.Sharapova, the defending champion and world number two, and 19-year-old Bouchard, last year’s junior Wimbledon winner, are both […]
Sri Lanka tourism expansion, cement plant by Nepali magnate: report
May 28, 2013 (LBO) – Nepal’s Binod Chaudhary is expanding tourism investments in Sri Lanka and has also got preliminary approval for a greenfield cement factory in the island’s north, a media report said.Sri Lanka’s The Daily Mirror newspaper said Chaudhary is negotiating with owners for land in the Jaffna peninsular to build a 600,000 […]
Umpire reveals attempt to fix Sri Lanka – Pakistan match
LONDON, May 26, 2013 (AFP) – Former umpire John Holder alleged Sunday he was offered £10,000 (,139) to help sway the course of a one-day international in the United Arab Emirates. “He told me his syndicate were involved in making money as the game fluctuates. “I said, ‘You’ve got the wrong person’.Players and umpires who […]
Sri Lanka cricket team sponsored by Dialog Axiata for Rs753mn
May 27, 2013 (LBO) – Sri Lanka’s Dialog Axiata, the island’s largest mobile operator said it will sponsor the men and women’s national cricket team for three years in a 753.9 million rupee deal. The team sponsorship will start on June 01, the firm said in a stock exchange filing. It will cover tours both […]
Indian police arrest six bookies over IPL cricket bets
PANAJI, India, May 27, 2013 (AFP) – Indian police said Monday they have arrested six bookmakers in Goa state who were part of an syndicate betting on Indian Premier League cricket matches. This year’s IPL tournament ended on Sunday night. The tournament has been reeling from a spot-fixing scandal which has led to the arrest […]
Tourist arrivals to Sri Lanka up 14.7-pct in April
May 27, 2013 (LBO) – Tourist arrivals to Sri Lanka rose 14.7 percent to 79,829 in April 2013, with Eastern Europe, China and Maldives showing gains but India and the Middle East weakening, official data showed.Arrivals from Western Europe, the top generating region rose 10 percent to 27,531, and was up 12.1 percent to 156,658, […]