Category: Industry
Sri Lanka lingerie brand sees strong sales in India
Apr 08, 2011 (LBO) – Sri Lankan apparel exporter MAS Holdings has said sales of its Amante lingerie brand are growing strongly in India and that it hopes to break even in the market this year. “We’re having phenomenal growth in India, averaging 40 percent,” said Ajay Amalean, director, MAS Holdings. “The category itself is […]
Loan Forecast
Apr 08, 2011 (LBO) – Loans by Sri Lanka’s listed commercial banks will grow 25 percent in 2011, up from 22. 5 percent in the with bad loans and also interest rates remaining low despite rising inflation, an equities research report has said. The report said PABC Bank reported highest loan growth of 80 percent […]
Support Vessel
Apr 08, 2011 (LBO) – Sri Lankan ship builder Colombo Dockyard has laid the keel for the first of a series three Multipurpose Platform Supply Vessels for Singapore’s Greatship Global Offshore Services. The vessel is designed to have an accommodation area for 50 persons. The vessel, scheduled for delivery in the first quarter of 2012, […]
Sri Lanka gets Stuart Law as new coach
April 6, 2011 (AFP) – Sri Lanka Cricket on Wednesday promoted assistant coach and former Australian batsman Stuart Law to guide the national team ahead of next month’s tour of England. “He will be the new interim coach,” a spokesman for Sri Lanka Cricket, the governing body of the sport in the island, said. Law […]
Sri Lanka cricket needs clean-up: Bayliss
April 7, 2011 (AFP) – Sri Lanka’s outgoing coach Trevor Bayliss on Thursday said the country needed a strong and stable cricket administration to allow players to focus only on the game and not be distracted by politics. “On the field, we’ve done pretty well for past 18 months,” Bayliss said in an interview with […]
Sri Lanka, UK flights to increase
Apr 07, 2011 (LBO) – Sri Lanka is to sign an air services agreement with the United Kingdom enabling increased flights between the two countries, a government statement said. The air services agreement would enable the frequency entitlement to be increased to 21 flights a week from 14 today between the two countries. The increased […]
Tax Banditry
Apr 07, 2010 (LBO) – Sri Lanka’s people are paying tens of billions of rupees to give state jobs to unemployable graduates from state universities where they have also studied at public cost, an official said. Sri Lanka has about 400,000 sitting for university qualifications exams and each year about 20,000 enter universities, and some […]
Safe Land
Apr 07, 2011 (LBO) – Australia has given 480 million rupees to clear land mines from Sri Lanka’s war torn north and speed up the re-settlement of displaced people and farming, the Australian embassy in Colombo said. Though demining in progressing fast, about 506 square kilometres remain to be cleared. Australia had already given 1.4 […]
‘s Muralitharan clears British visa hurdle
April 6, 2011 (AFP) – Sri Lanka’s legendary spinner Muttiah Muralitharan, who was worried about Britain’s new visa regulations, has secured a work permit to play county cricket, his manager said Wednesday. Kushil Gunasekera said the British authorities had expedited his visa as he had to leave for India on Wednesday to play in the […]
Sri Lanka vice-captain, selectors quit
April 6, 2011 (AFP) – Veteran batsman Mahela Jayawardene quit as vice-captain and a three-member selection committee also resigned en masse in a major shake-up in Sri Lankan cricket following the team’s World Cup defeat. “I think it’s time to move on, give the reins to someone younger in the team,” Jayawardene told AFP. The […]
Sri Lanka to strengthen airline passenger, investor protection
Apr 06, 2011 (LBO) – Sri Lanka plans to introduce consumer protection laws and ratify international conventions that will better protect investors and ensure higher compensation for airline passengers, an official said. The convention safeguards claims of all parties in airline transactions and gives an assurance to investors to invest in the sector, Nimalsiri said. […]
Scribe Network
WASHINGTON, April 6, 2011 (AFP) – Facebook on Tuesday launched a media resource page to help journalists use the social network as a reporting tool and better connect with their audience. The “Journalists on Facebook” page is intended to be “an ongoing resource for the growing number of reporters using Facebook to find sources, interact […]