Category: Industry
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. […]
Sri Lanka president looks for Murali tribute
March 31, 2011 (AFP) – Sri Lankan President Mahinda Rajapakse has urged the national team to win the World Cup final as a fitting finale to the brilliant career of spin bowler Muttiah Muralitharan. Rajapakse, who will fly to Mumbai to watch Saturday’s match against India, congratulated the side on making it through to the […]
India play down hysteria as Sri Lanka await
NEW DELHI, March 31, 2011 (AFP) – India were desperate on Thursday to prevent their World Cup campaign from being overwhelmed by a wave of national hysteria ahead of Saturday’s final against Sri Lanka in Mumbai. The semi-final win over arch-rivals Pakistan in Mohali sparked wild late-night celebrations, dominating front pages and leading TV news […]
Virtual Agency
Mar 31, 2011 (LBO) – Triadhot.com, a division of Sri Lanka’s Triad advertising agency said it had launched its first integrated marketing campaign in Singapore and is planning to enter Indonesia, Philippines and the Maldives. Advertisements developed by Triadhot.com for the client had appeared in newspapers, magazines, hoardings. “The digital campaign complete with a Facebook […]
Gridlock Strategy
Mar 31, 2011 (LBO) – Sri Lanka will have to find ways to improve public transport to reduce the need for private vehicle use to prevent gridlock as vehicle ownership rises with rising incomes, an expert said. “We need a sustained policy because vehicle growth is bound to happen with income growth. ” said Amal […]