Category: Industry
India set up World Cup thriller with Aussies
NEW DELHI, March 20, 2011 (AFP) – India will play defending champions Australia in a mouthwatering World Cup quarter-final clash after the hosts battled back to beat the West Indies comfortably on Sunday. India scored 268 thanks largely to a century by in-form Yuvraj Singh but lost their last six wickets for just 36 runs, […]
Sri Lanka CPC to end cut-priced fuel to power utility
Mar 21, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation will end the sale of subsidized fuel to Ceylon Electricity Board (CEB), a state power utility, a report said, amid a controversy over the financial performance of the two entities. The usual excuse has been that they are doing a ‘service’. Meanwhile state energy […]
‘s access to electricity
Mar 21, 2011 (LBO) – Sri Lanka has been included in programme to promote greater access to clean energy for poor rural women in South Asia funded by the Asian Development Bank (ADB) and the government of Japan. “This project will support the mainstreaming of gender-related concerns and approaches in a sector which has largely […]
Sri Lanka A320 flight simulator targets regional business
Mar 21, 2011 (LBO) – State-run SriLankan Airlines said had teamed up with Nederland-based SIM Industries to offer flight simulator services on Airbus A320 aircraft to the growing Indian subcontinent market. “The A320 family of aircraft is favoured for mid-range routes among airlines worldwide, including those in the rapidly growing airline industry of the Indian […]
Tea Help
Mar 21, 2011 (LBO) – Sri Lanka’s tea exporters have given three million tea bags to the people hit by a tsunami and earthquake in Japan. Chairman of Sri Lanka’s tea exporter’s association Jayantha Keragala had handed over the tea to President Mahinda Rajapaksa to be sent to Japan, a statement from the president’s office […]
Debt Rating
Mar 21, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance Company’s (SFC) proposed senior unsecured redeemable listed debentures of up to a billion rupees a ‘BBB+(lka)’ rating. The company was established in 1968 by the Balasuriya family, who owns 90 percent of SFC’s equity. The agency has simultaneously confirmed SFC’s National Long-Term rating […]
Radiation Check
Mar 21, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) said it is using scanners installed under an American counter-terrorism initiative to scan cargo from Japan at Colombo port for radiation. The scanners can detect radioactive materials inside containers. The Colombo port scanning was prompted by the release of radiation into the atmosphere from […]
Pakistan end Australia record run, Bangladesh crash
NEW DELHI, March 19, 2011 (AFP) – Pakistan ended defending champions Australia’s 34-match unbeaten World Cup run on Saturday while hapless Bangladesh crashed out in a humiliating rout at the hands of South Africa. On the day that India, England and, barring a mathematical miracle, West Indies completed the quarter-final line-up, Pakistan beat Australia by […]
Yuvraj hits ton but India fail to capitalise
CHENNAI, March 20, 2011 (AFP) – Yuvraj Singh’s maiden World Cup century was the cornerstone of India’s 268 all out against the West Indies on Sunday but the host nation lost their last six wickets for just 36 runs. Fast bowler Ravi Rampaul marked his World Cup debut with a career-best five for 51 which […]
Gambling Trend
DANANG, March 20, 2011 (AFP) – The gambler leans back comfortably in his chair at a card table inside Vietnam’s new Crown casino, waiting for his female companion to fetch more cash. At Asia’s casinos, the money just keeps on coming. Analysts say the region’s increasing wealth is funding a gambling boom that saw Macau […]
Islamic Finance
Mar 19, 2011 (LBO) – Top organizations representing Sri Lanka’s lawyers and accountants have brought together experts in Islamic finance to broaden understanding of one of the faster growing niches in the financial sector. The program will introduce the concept deal with equity investments, accounting for Islamic finance, corporate governance, the regulatory framework, legal and […]
Hobbling Murali leads Sri Lanka to victory
MUMBAI, March 18, 2011 (AFP) – Veteran spinner Muttiah Muralitharan shrugged off a worrying injury scare to take four wickets as Sri Lanka defeated New Zealand by 112 runs in their World Cup Group A clash on Friday. It was always a tough ask for New Zealand on the Wankhede Stadium pitch, which will stage […]