Category: Industry
Sri Lanka board dissolved for election
November 15, 2011 (AFP) – The Sri Lankan government on Tuesday cleared the way for the national cricket board committee to be elected for the first time in seven years in line with International Cricket Council (ICC) rules. Sports Minister Mahindananda Aluthgamage said he was dissolving Sri Lanka Cricket’s interim managing committee and hoped there […]
Sri Lanka knitwear maker to reduce greenhouse gas emissions
Nov 15, 2011 (LBO) – Textured Jersey Lanka, a Sri Lankan knitted fabric maker supplying apparel exporters, has begun work to reduce greenhouse gas emissions, aiming to meet a global standard that enables emissions trading. A manufacturer of weft-knitted and dyed stretch fabrics, Textured Jersey is a supplier for international brands like Victoria’s Secret, Marks […]
Tablet Sales
WASHINGTON, November 14, 2011 (AFP) – Amazon began shipping the Kindle Fire on Monday as initial reviews were mixed for the touchscreen tablet computer seen as a potentially strong rival to Apple’s market-leading iPad. The Seattle, Washington-based online retail giant had initially planned to ship the Kindle Fire, which at 9 costs less than half […]
Gas Strike
Nov 14, 2011 (LBO) – Cairn Lanka, a unit of India’s Cairn Energy, has made a second gas strike off the northwestern coast of Sri Lanka. On October 04, Cairn Lanka had begun work on CLPL-Barracuda-1G/1, a second well. The presidents office said in a statement that the state petroleum exploration office has been informed […]
‘s Galadari Hotel returns to losses
Nov 14, 2011 (LBO) – Galadari Hotels, a firm which owns and operates a five star hotel in Sri Lanka’s capital Colombo lost 45 million rupees in the September 2011 quarter, from a profit of 78 million a year earlier, interim accounts showed. The firm reported losses of 25 cents a share for the quarter. […]
Higher Profits
Nov 14, 2011 (LBO) – Net profits of Sri Lanka’s Commercial Bank of Ceylon rose 45 percent to 2. 06 billion rupees in the September 2011 quarter helped by lower tax rates and provision reversals, interim accounts showed. The group reported earnings of 2. 57 rupees per share for the quarter. For the nine months […]
Port Deal
Nov 14, 2011 (LBO) – Agreements to start building the first container terminal by Aitken Spence and China Merchants Holding (International) in a new deep water port being built next to Sri Lanka’s Colombo port were signed last week. Construction work of the South Container Terminal will start on December 01, 2011 and first 600 […]
Express Travel
Nov 14, 2011 (LBO) – Sri Lanka will permit public transport to operate on the island’s first expressway after buses with safety features are imported, deputy highways minister Nirmala Kothelawala said. “We will allow buses to travel on the road after four or five months,” minister Kothelawala told reporters. “But buses with belts in all […]
Express Path
Nov 14, 2011 (LBO) – Sri Lanka’s first 96 kilometre expressway from the capital Colombo to Galle in the south of the island to be opened in November 27, cost 77 billion rupees to build, officials said. The road is part of a 126-kilometer expressway running to Matara at the Southern tip of the island […]
Team Effort
Nov 14, 2011 (LBO) – Co-operation among countries with interests in the Indian Ocean is essential to effectively fight Somali piracy against merchant ships which could threaten trade if unchecked, a Sri Lanka defence official said. “It is our belief that the lasting solution to threats of this nature cannot be undertaken by individual nations […]
‘s Atapattu praises Pakistan, Misbah
DUBAI, November 13, 2011 (AFP) – Sri Lankan batting coach Marvan Atapattu on Sunday praised the Pakistan team as one of the best in the recent past and likened their captain Misbah-ul Haq to his country’s former skipper Arjuna Ranatunga. Atapattu’s praise came after Sri Lanka were thrashed by eight wickets in the first one-day […]
‘s Gold Coast named 2018 host
SYDNEY, November 12, 2011 (AFP) – Australia was celebrating Saturday as the Commonwealth Games Federation picked Queensland’s Gold Coast to host the 2018 Games over Sri Lanka’s Hambantota. “See you in Gold Coast in 2018!!!” the federation said on Twitter, following a vote of its general assembly in the Caribbean nation of St Kitts and […]