Category: Industry
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JOHANNESBURG, September 26, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara has praised his England counterpart Andrew Strauss for recalling his batsman after he was run out during a Champions Trophy match here on Friday. Sri Lankan Angelo Mathews turned England fast bowler Graham Onions to square-leg and completed a first run comfortably but collided […]
Sri Lanka exporters miss preferential duty access to China
Sept 25, 2009 (LBO) – Sri Lankan exporters are not making use of lower import duty market access to China under a regional trade pact owing to lack of awareness and initiative, economists and trade officials said.The preferential trading arrangement, Asia-Pacific Trade Arrangement (APTA), previously called the Bangkok agreement, has helped increase trade between Sri […]
DFCC Vardhana
Sept 25, 2009 (LBO) – Fitch Ratings Lanka has confirmed the ‘AA-(lka)’ national rating of DFCC Vardhana Bank Limited’s (DVB) with a ‘stable’ outlook, driven by the ‘AA(lka)/stable’ rating of its parent, DFCC Bank. DVB accounted for 29 percent of DFCC group’s assets, and Fitch says it is expected to play an important strategic role […]
Asian Focus
LONDON, September 25, 2009 (AFP) – HSBC on Friday said its chief executive Michael Geoghegan would move to Hong Kong from London to be closer to the banking group’s “largest and most important region” of operation.HSBC, founded in Hong Kong and Shanghai in 1865, said it would remain headquartered in London and regulated by Britain, […]
Every match is tough, says Sri Lanka coach
JOHANNESBURG, September 24, 2009 (AFP) – Sri Lanka will be keen to cash in on England’s inconsistent form and boost their hopes of qualifying for the Champions Trophy semi-finals here on Friday. Kumar Sangakkara’s Sri Lankans, having already beaten South Africa by 55 runs in their opening match of the four-team group, are closing in […]
England face Sri Lanka spin in opening match
JOHANNESBURG, September 24, 2009 (AFP) – Andrew Strauss’s England face a stiff spin test when they take on a confident Sri Lanka in their opening match of the Champions Trophy here on Friday. Sri Lanka have two excellent spinners in Muttiah Muralitharan and Ajantha Mendis, capable of making life difficult for batsmen with their subtle […]
Sri Lanka power IPO gives small investors preference
Sept 24, 2009 (LBO) – Small investors who applied for up to 500 shares in an initial public offering by Sri Lanka’s Hemas Power will be given their full allotments, according to a stock exchange filing.NDB Investment Bank, which handled the issue, said they had got 2,582 applications up to and inclusive of 500 shares […]
Sri Lanka Hayleys ups stake in fabric unit
Sept 24, 2009 (LBO) – Sri Lanka’s Hayleys group said it has increased control of its fabric manufacturing unit, Hayleys-MGT Knitting Mills, after a mandatory offer to buy up shares of other shareholders. The firm said earlier that independent advice provided by Merchant Bank of Sri Lanka on the mandatory offer has found the price […]
Reaching Out
Sept 24, 2009 (LBO) – Sri Lanka’s NDB Bank said it plans to open five branches in the north and east regions which are recovering after the end of the island’s ethnic war.“Communities across the north and east now have a rare opportunity to rebuild their lives, reconstruct their homes, sustain a livelihood, pursue their […]
Sri Lanka Dilshan attributes run rush to positional switch
CENTURION, September 23, 2009 (AFP) – Sri Lanka hero Tillakaratne Dilshan says switching from the middle to top order has helped develop him into a fearsome run machine.He scored 106 to set his country up for a surprise 55-run victory over hosts South Africa at SuperSport Park on Tuesday in the opening match of the […]
Regional Links
Sept 23, 2009 (LBO) – A South Asian broadband communication conference and expo to be held in Sri Lanka in October with speakers from the global industry will focus on investing, and cost and revenue models in the fast growing region.It will also cover how Next Generation Technology fits into the region, home to large […]
Rebuilding Work
Sept 23, 2009 (LBO) – The Red Cross movement had spent 220 million US dollars to build 30,000 houses, upgrade healthcare centres, re-build water supply and drainage facilities in villages devastated by a tsunami in 2004, officials said.“The tsunami operation has been an unparalleled challenge for the Red Cross movement in Sri Lanka,” Paul Fmes, […]