Category: Industry
Pakistan in deep trouble after batting collapse
July 14, 2009 (AFP) – Sri Lanka engineered a spectacular Pakistan batting collapse on the third day to wrest control of the second Test at the P. Sara Oval here on Tuesday. The last three batsmen were leg-before in quick succession. The dramatic collapse undid Pakistan’s remarkable fightback in the match after they were shot […]
Sri Lanka win Test series after Pakistan cave in
July 14, 2009 (AFP) – Sri Lanka clinched their first home series against Pakistan after the temperamental tourists suffered a spectacular collapse in the second Test here on Tuesday.Pakistan, sitting pretty at 285-1 just before lunch on the third day, crashed to 320 all out after the break to leave Sri Lanka a victory target […]
Sri Lankan businesses warned of growing trade fraud
July 14, 2009 (LBO) – An international expert has warned Sri Lanka businesses to be more careful of their overseas partners and do background checks as trade fraud and risks grow in the wake of the global financial crisis. Companies engaged in international trade should not rely solely on banks to check the authenticity of […]
Sri Lankan Airlines in new freight handling and tracking system
July 14, 2009 (LBO) – Sri Lankan Airlines has upgraded to SkyChain, cargo handling and tracking system from Dubai-based Mercator, the airline said.“SkyChain is a web-based system that allows our customers the facility to monitor the progress of their consignments around the world from wherever there is internet accessibility,” Sri Lanka’s head of worldwide sales […]
Cyber War
July 14, 2009 (AFP) – A media rights organisation on Tuesday accused Sri Lankan authorities of blocking access to websites critical of the government and stifling dissent.The Paris-based Reporters without Borders, RSF, said Sri Lanka most recently blocked a site for reporting alleged incidents inside a camp for civilians displaced by the war with Tamil […]
Sri Lanka hotel earnings growth seen subdued
July 14, 2009 (LBO) – Sri Lanka expects more tourists this winter season with heightened interest in the destination after the war ended but hotel earnings are not likely to improve immediately, officials and analysts said.“We can’t definitely see a concrete increase in numbers right now but certainly there’s improved sentiment,” Tourist Hotels Association of […]
Enigmatic Pakistan bounce back in second Test
July 13, 2009 (AFP) – Debutant Fawad Alam scored an unbeaten century as Pakistan produced a remarkable turnaround to claw their way back in the second Test against Sri Lanka on Monday.The tourists, who were bowled out for 90 in their first innings, hit back to dismiss Sri Lanka for 240 and then cruised to […]
Sri Lanka May 2009 clothing exports fall, tea shipments up
July 13, 2009 (LBO) – Sri Lanka’s May 2009 export earnings fell 27.8 percent to 538.5 million US dollars from year ago, mainly because of lower clothing exports, although tea exports went up, the Central Bank said. Imports of consumer goods fell by 41.2 percent to 140 million US dollars, largely on account of lower […]
Outsourcing
July 13, 2009 (LBO) – India’s Quatrro BPO Solutions said it is considering moving more business process outsourcing work to Sri Lanka and that productivity concerns raised by its chairman Raman Roy were limited to certain processes.“We are in active discussions to move more processes to Sri Lanka and Quatrro continues to be a strong […]
Best Bank
July 13, 2009 (LBO) – HSBC said it had been named the ‘Best Global Bank, by Euromoney magazine, in its 2009 awards.It also won the Best Global Debt House and Best Global Transaction Banking House, awards. Michael Geoghegan, group chief executive of HSBC said in a statement that winning award during the turmoil was not […]
Northern Loan
July 13, 2009 (LBO) – Sri Lanka’s central bank is giving three billion rupees to several banks to lend to small and micro businesses in agriculture and fisheries and in the war-torn north of the island. Following the end of fighting with Tamil Tiger separatists in May, Kilinochchi and Mullaitivu have been largely depopulated and […]
Shipping Forum
July 13, 2009 (LBO) – Sri Lanka is to host a meeting of Asian shippers in Colombo, a conference made possible after 15 years of lobbying because of the end of the ethnic war, the Sri Lanka Shippers’ Council (SLSC) said. The meeting is expected discuss policy issues, maritime security, shipping costs like terminal handling […]