Category: Industry
‘s Textured Jersey says raised $15.8mn
Apr 05, 2011 (LBO) – Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said it raised 1.74 billion rupees (15.8 million US dollars) through a private placement of shares ahead of a public offer. The joint venture partners, Hong Kong listed Pacific Textile Holdings and Sri Lanka’s Brandix, a private firm, said […]
Sri Lanka spin beats Murali
Apr 04, 2011 (LBO) – Ace spinner Muttiah Muralitharan may have retired with Sri Lanka’s latest World Cup defeat, but a local television star showed much promise as an even better “spinner” when the dejected national team returned Sunday. In high-flown Sinhala, the young television presenter anchoring the coverage of the team’s return, said Sri […]
Sri Lanka domestic airline operators to get own terminal
Apr 04, 2011 (LBO) – Sri Lanka plans to have a separate terminal for domestic airline operators at its international airport in Katunayake, north of Colombo, an airports official said. Johanne Jayaratne, executive director of Airports and Aviation Services (Sri Lanka), a state agency which operates airports, said a building previously used for catering services […]
SLIM Chief
Apr 04, 2011 (LBO) – Sri Lanka Institute of Marketing said Thushara Perera, head of marketing at TV Derana, a television channel, had become the president of the body. He was vice president of SLIM last year. Perera began his career in the advertising industry at Thompson Associates Pvt Ltd, an agency and joined Swarnawahini, […]
Logistics Leader
Apr 04, 2011 (LBO) – Sri Lanka’s Hayleys group has appointed Ruwan Waidyaratne as managing director of Hayleys Advantis, a subsidiary encompassing group companies in transportation and cargo logistics. The transportation division of Hayleys consists of more than 22 specialist companies. Waidyaratne succeeded M O Raban, who retired from the position on April 01 and […]
India deserved to win, says Sangakkara
MUMBAI, April 2, 2011 (AFP) – Sri Lanka captain Kumar Sangakkara said his team were disappointed at missing out on a second World Cup title but proud to go down to a team that deserved victory more. “I am very proud of everyone in the team, especially Mahela (Jayawardene) who rose up to the occasion […]
India win launches billion-person party
MUMBAI, April 2, 2011 (AFP) – A billion Indians launched the world’s biggest party Saturday, as their adored national team lifted the cricket World Cup, triggering celebrations and firework displays across the country. From the megacities of Mumbai, Kolkata and New Delhi to India’s rural heartland, where entire villages had gathered around television sets to […]
Sri Lanka press slams selectors for defeat
April 3, 2011 (AFP) – Sri Lanka’s defeated cricket team returned home Sunday to calls from the state-run media demanding a probe into “blunders right from the start”. “Who picked the final XI of the Sri Lanka team for the World Cup final against India?” the Sunday Observer asked. It questioned the dropping of spinner […]
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 […]
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 […]
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 […]