Category: Industry
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 […]
England stay on track, Akhtar calls it quits
NEW DELHI, March 17, 2011 (AFP) – England stayed alive at the World Cup on Thursday with a dramatic 18-run over the West Indies while international cricket prepared to say farewell to controversial Pakistan star Shoaib Akhtar. Off-spinners James Tredwell and Graeme Swann took seven wickets between them as England triumphed in Chennai. West Indies, […]
Sri Lanka prepares model in bid for Commonwealth Games
Mar 18, 2011 (LBO) – Sri Lanka has prepared a model with 20 key venues and facilities in its bid to host the 2018 Commonwealth Games in the southern town of Hambantota, the central bank said in a statement. “The key purpose of the CEO’s visit to Sri Lanka will be to understand the steps […]
Education Showcase
Mar 18, 2011 (LBO) – An education fair in Sri Lanka’s capital Colombo will be attended by 11 US higher education institutes also giving prospective students to learn about admissions, financial aid and visa procedures, the US embassy said. The fair which is open to the public, will be held on March 22 and the […]
Loan Rate
Mar 17, 2011 (LBO) – Sri Lanka’s Commercial Bank said it is accepting application for loans which has repayment periods of up to 10 years under a small and medium enterprise loan scheme funded by a World Bank credit line. Commercial Bank of Ceylon is one of seven participating banks in the credit line, which […]
Offshore Support
Mar 18, 2011 (LBO) – Sri Lanka’s Colombo Dockyard said it has delivered the fourth in a series of oil industry offshore support vessels for Greatship (India), a subsidiary of The Great Eastern Shipping Company of India. Christened ‘Greatship Rashi’, she will join her sister vessel Greatship Rohini which was delivered in February 2011, said […]
Highway Hopes
Mar 18, 2011 (LBO) – Construction work on stage one of Sri Lanka’s first expressway is set to end this month with 99 percent of the work over, according to details revealed by the Road Development Authority. The southern expressway, being built in four stages, will have a total length of 131.1 kilometres and allow […]
Atomic Scale
Mar 17, 2011 (LBO) – Japan has sent a nano-technology expert and will provide related equipment to Sri Lanka to help the island develop applications that make exports more competitive. “JICA hopes nanotechnology will not only provide an opportunity to shape up technological advancement in the country but it will also lead to significant breakthroughs […]
Durable Sales
Mar 17, 2011 (LBO) – Singer Sri Lanka, a top consumer durables retailer in the island said sales rocketed following a tax cut and a general economic upturn in 2010, though inflationary fears were now creeping in. Singer Sri Lanka, which sells its own brand and several others from Japan, Korea and China said its […]
Cyber Threat
Mar 17, 2011 (LBO) – Sri Lankan bank customers have been warned by the Information and Communications Technology Agency to be wary of financial fraud by hackers using fake websites of the branches of foreign banks in the island. Its services range from responding to and investigating information security breaches, to preventing security breaches by […]
Sri Lankan Airlines to operate special Japan flight on Mar17
Mar 16, 2011 (LBO) – State-run Sri Lankan Airlines said it will operate a special flight from Tokyo’s Narita airport on March 17 for Sri Lankans who want to come back to the island. Some airlines have also cut flights to Tokyo. The airline said flight UL1423 will depart Tokyo at 1630 hours on March […]