Category: Industry
‘s Malinga
March 4, 2011 (AFP) – Defending champions Australia insist they have a plan to tackle Sri Lanka’s record-breaking Lasith Malinga in Saturday’s mouth-watering World Cup clash. The co-hosts are considering playing all their three spinners — Muttiah Muralitharan, Ajantha Mendis and Rangana Herath — but Australia captain Ricky Ponting said his team is braced for […]
NewsPad
NEW YORK, March 4, 2011 (AFP) – The Daily, the digital newspaper created for Apple’s iPad by Rupert Murdoch’s News Corp., has tallied hundreds of thousands of downloads since its launch a month ago, its publisher said Thursday. “It’s going great,” Greg Clayman said at the paidContent 2011 conference in New York. “We’re not disclosing […]
Health Business
Mar 04, 2011 (LBO) – India’s Fortis Healthcare group has bought a stake owned by Sri Lanka’s Distilleries in Lanka Hospitals, formerly part of the Indian Apollo chain, for 3. 98 billion rupees as part of a recent acquisition spree. Fortis Healthcare Global Holding bought 64 million shares or a 28. 6 percent stake of […]
Top Gear
Mar 04, 2011 (LBO) – A new expressway in southern Sri Lanka that will be partly open by the middle of this year will be confined only to fast-moving vehicles with slow-moving ones like auto-rickshaws and tractors banned, an official said. R W R Pemasiri, director-general of the Road Development Authority, said the 126-kilometre southern […]
Australia primed for Sri Lanka spin
March 3, 2011 (AFP) – Australian captain Ricky Ponting is confident his side can deal with Sri Lanka’s spin attack and their devastating pace spearhead Lasith Malinga when the sides meet on Saturday. The Group A match in Colombo will be a repeat of the controversial 2007 World Cup final when Australia won by 53 […]
Status Quo
Mar 03, 2011 (LBO) – Sri Lanka’s state investment promotion agency said its chairman will stay on and “appropriate notice” will be given when he leaves. The BOI is being restructured and there had been protests by staff. The Board of Investment said its chairman, Jayampathy Bandaranaike, had taken over the agency with “specific understanding […]
Sri Lanka vacant apartments can be used for tourism: official
Mar 03, 2011 (LBO) – Sri Lanka’s tourist development office says owners of vacant apartments in Colombo will be given a chance to use them for tourism in a bid to expand room capacity in the capital amid a steep increase in tourist arrivals. Sri Lanka tourist development authority chairman Nalaka Godahewa said about 500 […]
Growth Year
Mar 03, 2011 (LBO) – Sri Lanka’s state-run Bank of Ceylon group said profits for the December 2010 quarter grew 77. 5 percent to 2,107 million rupees and the full year net was up 102 percent to 3,299 million amid high loan growth and wider margins. The group also contained operating costs with non-interest expenses […]
‘s losses mount
Mar 02, 2011 (LBO) – Sri Lanka’s Kuruwita Textile Mills said slowing sales and high cotton prices have caused mounting losses that it hopes to mitigate by passing onto customers higher costs and hiring a new chief executive. Interim results filed with the stock exchange showed December 2010 quarter losses of 108 million rupees compared […]
Sri Lankan Airlines to re-start Kochi service, up capacity to Middle East
Mar 02, 2011 (LBO) – Sri Lankan Airlines said it is re-starting operations to India’s Kochi with a daily service and is expanding capacity to Karachi in Pakistan and a number of Middle Eastern destinations from March. The daily service to Kochi will start on March 27, increasing Sri Lankan flights to 63 per week. […]
Cash Call
Mar 02, 2011 (LBO) – Sri Lanka’s Seylan Bank now being restructured under regulatory supervision said will raise 4. 6 billion rupees (42.6 million US dollars) from shareholders by the sale of new voting and non-voting shares. The bank will issue 43.33 million voting shares at 75 rupees in the proportion of one new share […]
Rest Stop
Mar 02, 2011 (LBO) – The first refueling station at a rest stop mid-way on Sri Lanka’s southern highway which is nearing completion will be operated by state-run Ceylon Petroleum Corporation, petroleum ministry secretary Titus Jayawardene said. The refueling station will be built in Dodangoda, an interchange near Kaluthara, in the stretch between Colombo and […]