Category: Industry
‘s five-star Murali makes India follow-on
GALLE, July 21, 2010 (AFP) – Spin wizard Muttiah Muralitharan grabbed five for 63 in his final match as Sri Lanka made India follow on in the first Test on Wednesday in Galle. The off-spinner took his career tally to 797 wickets as India were shot out for 276 in reply to Sri Lanka’s 520-8 […]
Two Sri Lanka beaches make top grade: Forbes
July 21, 2010 (LBO) – A beach stretch from Tangalle Bay to Weligama in Sri Lanka’s south and Bentota in the southwest have been named among the top 10 in Asia by Forbes, a business magazine. Sri Lanka is expecting 600,000 tourists this year and 2. 5 billion by 2016. The New York Times has […]
Equity Fund
July 21, 2010 (LBO) – New York based Logan Rockefeller Global (LR Global) is planning to invest 20 million US dollars in Sri Lanka through a newly set up local unit, which itself is planning a public listing as early as next year, officials said. “We are looking at Sri Lanka as a market that […]
SriLankan Airlines expands fleet, plans new destinations
July 20, 2010 (LBO) – SriLankan Airlines has taken delivery of its latest A330-200 wide-bodied aircraft as part of the national carrier’s expansion programme that will double the fleet and add new destinations, a senior official said. Wickremasinghe said SriLankan Airlines plans to fly to Moscow as well as a fourth destination in China soon. […]
Tele Spend
July 20, 2010 (LBO) – Sri Lanka’s Etisalat unit said it was spending 163 million US dollars to expand its network into war ravaged north of the country and improve its broadband services in urban areas. The expansion will see 480 new base stations taking the total to 1580, which the firm says will be […]
Sri Lanka leisure industry in boom but profits still elusive
July 20, 2010 (LBO) – Sri Lanka’s hoteliers say 10 billion US dollars have to be invested to more than double the country’s hotels rooms to 35,000 by 2016 to cater to an expected 2.5 million tourists, but the journey is not a cake walk. Investment Plans Sri Lanka’s Amaya Leisure says it wants to […]
Sri Lanka domestic air services chased by 13 firms: official
July 19, 2010 (LBO ) – Thirteen firms that applied to start domestic air services in Sri Lanka after the end of a 30-year war are awaiting the final nod from the island’s aviation ministry and the president’s office, an official said. Director general of Sri Lanka’s civil aviation authority H M C Nimalsiri said […]
Tele Talk
MUMBAI, July 19, 2010 (AFP) – Shares in India’s Reliance Communications rose nearly four percent Monday on a media report that Abu Dhabi’s Etisalat was close to buying a 26-percent stake in the firm for 3. 0 billion dollars. Reliance paid the government 85. 8 billion rupees (1.86 billion dollars) for third-generation (3G) spectrum at […]
Sri Lanka hotel room rates to be upped 20-pct in winter: official
July 19, 2010 (LBO) – Sri Lanka’s leisure operators will push up room rates by about 20 percent in the coming winter season, amid a post-war tourism boom that has seen a near 50 percent jump in arrivals, officials said. John Keells Holdings said it had seen an immediate increase in its coastal resorts and […]
Sri Lanka to invite investment for marina
July 19, 2010 (LBO) – Sri Lanka is to call for tenders from investors to build a marina at a new tourist resort being developed on the island’s north-western coast, a senior tourism official said. Tissa Sooriyagoda, project director at the Sri Lanka Tourism Development Authority, said the Kalpitiya tourist resort covers a total of […]
‘s Test finale in Sri Lanka
GALLE, July 17, 2010 (AFP) – Sri Lanka’s world record holder Muttiah Muralitharan was geared up to bowl for the last time in the first Test against India from Sunday, but bad weather threatened to disrupt his swansong. The prolific off-spinner, 38, will retire from Test cricket after the opening contest of the three-match series […]
Paranavitana, Sangakkara flay India in first Test
GALLE, July 18, 2010 (AFP) – Tharanga Paranavitana and skipper Kumar Sangakkara hit centuries as Sri Lanka dominated the rain-hit opening day of the first Test against India on Sunday. The left-handed duo put on 181 for the second wicket to lead Sri Lanka to 256 for two in their first innings before heavy rain […]