Category: Industry
Dilshan shines as Sri Lanka crush Bangladesh
DAMBULLA, June 18, 2010 (AFP) – Tillakaratne Dilshan starred with bat and ball as Sri Lanka trounced Bangladesh by 126 runs on Friday to virtually book their place in the Asia Cup final. Dilshan smashed 71 off 51 balls and claimed three wickets as the defending champions piled up a commanding 312-4 in their 50 […]
Sri Lanka forum promotes joint South Asian stand at trade talks
June 19, 2010 (LBO) – South Asian countries like Sri Lanka have a common interest in forging a common regional stand in world trade talks, trade experts and economists told a meeting in Colombo. “If formalities are made to delay imports it becomes a trade barrier,” Sen said. He said South Asian countries should get […]
Sri Lanka to ink trade deal with India after addressing concerns: minister
June 18, 2010 (LBO) – Sri Lanka wants to extend economic links with India by signing a new trade agreement once concerns are addressed, 10 years after the first free trade deal was inked with the neighbour, a government minister said. The agreement is also expected come with mutual recognition of standards to prevent health […]
‘s Sehwag crushes Bangladesh with ball
DAMBULLA, June 16, 2010 (AFP) – Batting star Virender Sehwag turned an unlikely bowling hero as India whipped Bangladesh by six wickets in the Asia Cup on Wednesday. Sehwag grabbed four wickets for six runs with his off-spin as Bangladesh were shot out for 167 in 34. 5 overs after losing their last six batsmen […]
Sri Lanka power generation up 9.2-pct in first quarter
June 17, 2010 (LBO) – Sri Lanka’s power generation in the first quarter of 2010 has increased 9. 2 percent from a year earlier, with a larger proportion coming from cheaper hydro power amid exceptionally wet weather, official data showed. Private sector operators generated 1,105GWh, down 7.1 percent. Short term or emergency producers operating mainly […]
Freeing Education
June 17, 2010 (LBO) – Sri Lanka’s president Mahinda Rajapaksa has backed a plan to liberalize university education and set up a mechanism to monitor and evaluate the quality of foreign and local higher education, an official said. A proposal for a ‘National policy framework on higher education and technical and vocational education’ to revamp […]
Sri Lanka Serendib Hotels sells stake in Hotel Sigiriya
June 17, 2010 (LBO) – Serendib Hotels has sold part of its stake in Hotel Sigiriya, both part of Sri Lanka’s Hemas group, in a deal worth 40. 6 million rupees, a stock exchange filing said. Serendib Hotels, whose property is on a prime beach front on the south-west coast and is a major shareholder […]
Gas Bid
June 17, 2010 (LBO) – The Sri Lankan government wants to buy back the stake in the Shell Gas unit in the island that had been sold to the multinational in a privatization exercise several years ago, a spokesman said. The state-run Bank of Ceylon has been made an advisor to a committee that will […]
Disaster Drill
June 16, 2010 (LBO) – Oil exploration disasters are likely to continue in future as energy continues to dig deeper in the Ocean for petroleum products an analyst warned in Colombo, as Sri Lanka prepares for submarine drilling. “The hunger of energy and the need for energy is still on the rise and in the […]
‘s Malinga rattles Pakistan in Asia Cup opener
DAMBULLA, June 15, 2010 (AFP) – Sling-arm fast bowler Lasith Malinga grabbed 5-34 as defending champions Sri Lanka stunned Pakistan by 16 runs in the opening match of the Asia Cup on Tuesday. Shahid Afridi’s first one-day century in five years was in vain as Sri Lanka, restricted to 242-9, bowled out Pakistan for 226 […]
Unheard Killer
June 16, 2010 (AFP) – At least 15 people using their mobile telephones while walking on railway tracks have been killed by trains in Sri Lanka this year, a railways official said Wednesday. There are about 14 million mobile phone users in Sri Lanka, which has a population of 20 million people. Accidents have increased […]
” India trade deal
June 15, 2010 (LBO) – Sri Lanka’s main opposition United National Party is not opposing an enhanced trade liberalization deal with India, but wants transparency and a parliamentary debate to clear doubts, a lawmaker said. The CEPA deal hopes to build on a 10-year-old existing India-Sri Lanka Free Trade Agreement. Over the last decade trade […]