Category: Industry
Sri Lanka smash Netherlands
February 12, 2011 (AFP) – Hosts Sri Lanka proved far too strong for minnows Netherlands, posting a crushing 156-run victory in a morale-boosting World Cup warm-up match on Saturday. Sri Lanka, runners-up at the 2007 World Cup in the Caribbean, scored 351-5 off their allotted 50 overs even without prolific run-getters Kumar Sangakkara and Mahela […]
Sri Lanka urged by columnist not to win World Cup
February 12, 2011 (AFP) – While the media of every country usually backs its team, a Sri Lankan newspaper columnist has urged the national squad not to win the World Cup — for the greater good of the nation. “Call me a traitor, a quisling… anything. I don’t want Sri Lanka to be the champions […]
‘s Murali hopes to end on World Cup high
February 12, 2011 (AFP) – Record-breaking Sri Lankan bowler Muttiah Muralitharan goes into his fourth and final World Cup praying that he ends his glorious international career on a high. “In the end, it boils down to the team that takes it one match at a time.” “My role for this World Cup is to […]
Ship Repair
Feb 12, 2011 (LBO) – Sri Lankan listed ship yard Colombo Dockyard is currently doing repair work on several small tankers and a research vessel that will earn revenues of around four million US dollars, a statement said. The yard, a unit of Japan’s Onomichi Dockyard Company, expects revenue of 1.2 million dollars from major […]
Mobile Mark
Feb 11, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata group made a net profit of 1. 3 billion rupees in the December 2010 quarter compared with a loss of 2.2 billion the year before, a stock exchange filing said. Sales in the quarter rose 10.7 percent to 10.8 billion rupees. The firm’s […]
New Investment
Feb 11, 2011 (LBO) – Sri Lanka’s Dialog Axiata, the islands largest mobile operator said it will invest 150 million US dollars in expansion bringing the total foreign direct investments by the firm to 1. 2 billion US dollars. Dialog Axiata chief Hans Wijayasuriya said the new investments in part will to go strengthen its […]
Lucky Seaman
February 11, 2011 (AFP) – Sri Lanka’s navy Friday detained a foreign cargo ship and its Russian crew for allegedly failing to rescue a man who fell overboard, an official said. Navy spokesman Kosala Warnasuriya said the DD Vigor, registered in St Vincent and the Grenadines, was impounded while leaving the island after failing to […]
Muralitharan signs for Gloucester T20 bid
LONDON, February 9, 2011 (AFP) – Sri Lankan cricket legend Muttiah Muralitharan will play for Gloucestershire’s Twenty20 side after agreeing a two-year deal with the English county, it was announced Wednesday. “Whenever I have watched and observed Murali he has always had and shown an infectious love for the game of cricket. This is something […]
Sri Lanka World Cup warm-ups shifted
February 10, 2011 (AFP) – Heavy monsoon rains have forced the International Cricket Council to move World Cup warm-up matches from Sri Lanka’s Pallekele stadium, tournament organisers said Thursday. Sri Lanka has been hit by monsoon downpours since December hampering preparation of the pitches at the newly-built Pallekele venue in the island’s central district. Pallekele […]
Broader Cover
Feb 10, 2011 (LBO) – Sri Lanka’s unit of UAE-based Etisalat will add 170 new base stations to expand and strengthen its network in former war-torn areas in the North and East of the island by April, an official said. “We are already in the North and will be adding 170 new towers in the […]
Margin Gains
Feb 10, 2011 (LBO) – Sri Lanka’s Central Finance, a regulated finance firm said net profits for the December 2011 quarter rose 72 percent to 472 million rupees as margins widened amid falling rates. For the nine months to December Central Finance reported profits of 1.19 billion rupees, up 69 percent giving earnings per share […]
Changing Control
Feb 10, 2011 (LBO) – Sri Lanka’s Distilleries Group has struck a deal to sell a controlling stake in the island’s pioneering unit trust management company, National Asset Management Ltd or NAMAL, a statement said. Distilleries subsidiary Milford Holdings is expected to earn 455 million rupees for the 70 percent stake in the mutual fund. […]