Category: Industry
Sangakkara says toss row just a mix-up
MUMBAI, April 3, 2011 (AFP) – Sri Lanka captain Kumar Sangakkara insisted the toss mix-up that briefly threatened to engulf the World Cup final in a bizarre controversy was all a matter of a simple misunderstanding. The usually straightforward procedure had to be performed twice at the Wankhede Stadium on Saturday before the final got […]
Fever pitch atmosphere for World Cup final
MUMBAI, April 1, 2011 (AFP) – Frenzied fans, ticket touts and paramilitary police promised a heady mix of carnival and caution for the cricket World Cup final in Mumbai Saturday between hosts India and South Asian rivals Sri Lanka. Roads have been blocked around the Wankhede Stadium venue, with some 3,500 police personnel out in […]
India wins cricket World Cup defeating Sri Lanka
MUMBAI, April 2, 2011 (AFP) – Gautam Gambhir made 97 and skipper Mahendra Singh Dhoni smashed an unbeaten 91 off 79 balls as India won the World Cup for the first time since 1983 with a six-wicket victory over Sri Lanka on Saturday. Sri Lanka, who won the toss and elected to bat in the […]
Petrol Hike
Apr 02, 2011 (LBO) – Sri Lanka has raised fuel arbitrarily jacking up petrol far above cost while keeping diesel mostly used mostly by businesses low, according to prices announced by a state run distributor. Rich transport contractors, and owners of luxury diesel vehicles and pick trucks are now effectively cross subsidized by small car […]
Sri Lanka call up veteran Vaas as Murali sweats
March 31, 2011 (AFP) – Sri Lanka were sweating over the World Cup final fitness of Muttiah Muralitharan and Angelo Mathews on Thursday as 37-year-old seamer Chaminda Vaas and Suraj Randiv were called-up as cover. “Chaminda Vaas and Suraj Randiv will be included in the Sri Lankan squad for the World Cup final as cover […]
Subcontinent dominates World Cup
NEW DELHI, April 1, 2011 (AFP) – A first all-Asian final in the World Cup’s 36-year history between India and Sri Lanka in Mumbai on Saturday underlines that familiarity breeds success. Never before have the subcontinental teams dominated the showpiece one-day event, as India, Sri Lanka and Pakistan all made it to the semi-finals for […]
‘ forum
Apr 01, 2011 (LBO) – Sri Lanka’s Minister of Industry and Commerce has decided to revive a regular meeting with exporters which allowed them to air grievances and get speedy solutions for problems. The Exporters’ Forum will be conducted with the Export Development Board (EDB), a government agency tasked with supporting exporters. The decision to […]
Japan PM says stricken nuclear plant to be scrapped
SENDAI, March 31, 2011 (AFP) – Japan said Thursday its crisis-hit nuclear plant must be scrapped, but currently had no plans to evacuate more people, despite calls for a larger exclusion zone around the crippled facility. “At the moment, we do not have the understanding that it is necessary to evacuate residents there. We think […]
Sri Lanka mulls airport mono-rail, multi-storey car park
Apr 01, 2011 (LBO) – Sri Lanka is looking for investors to build a multi-storey car park and a hotel close to the international airport to which a mono-rail link is also envisaged, an official said. Johanne Jayaratne, executive director of Airports and Aviation Services (Sri Lanka), a state agency which operates airports, said the […]
Sri Lanka private airline hit by road re-opening, state competition
Apr 01, 2011 (LBO) – Sri Lanka’s scheduled domestic private passenger air services to the north were forced to stop after the re-opening of road travel and competition from the air force, an official said. H M C Nimalsiri, director general of the civil aviation authority, said the island’s domestic aviation sector was small and […]
Director Controversy
Apr 01, 2011 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has released a statement on the action led by state-connected shareholders to oppose the re-election of an independent director. 3. The Board wishes to clarify and re-iterate that Mr. Ranjit Fernando’s decision not to stand for re-election was his own independent decision and was […]
Outlook Upgrade
Apr 01, 2011 (LBO) – Fitch Ratings Lanka has raised Ceylease Financial Services’ rating outlook to stable from negative and confirmed its ‘BB+(lka)’ rating. CFS’s total assets amounted to 1.5 billion rupees in 2010. The outlook revision reflects CFS’s improving financial profile, underpinned by better credit controls and more stringent recovery efforts, a statement said. […]