Category: Industry
”’ Dilshan
LONDON, June 19, 2009 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed Tillekaratne Dilshan as a “pioneer” on Friday after the opener hit an unbeaten 96 to lead his side past West Indies and into the World Twenty20 final. “To get three top order batsmen out is a great start.We have a great bowling attack, […]
Stanford: the man who hit cricket (and banks) for six
WASHINGTON, June 19, 2009 (AFP) – Texan billionaire financier Allen Stanford has long had a love of luxury and the finer things in life, such as tropical islands, but he is also no stranger to controversy.When he unveiled his 20 million dollar winner takes all Twenty20 match between his Caribbean Superstars and England, many in […]
‘s Mendis confident he remains a mystery
LONDON, June 18, 2009 (AFP) – Unorthodox Sri Lanka spinner Ajantha Mendis insisted Thursday ahead of the World Twenty20 semi-final with the West Indies that “no batsman has figured me out yet”. Mendis had to undergo surgery to remove shrapnel from his scalp and back following March’s attack by armed militants on Sri Lanka’s team […]
Sri Lanka war risk insurance rating lowered
June 19, 2009 (LBO) – International underwriters in London have lowered the war risk rating for Sri Lanka following the defeat by government forces of Tamil Tigers, paving the way for reducing insurance premiums on sea and air cargo. Sri Lanka is the global war risk list. The underwriters still have not reduced the surcharge […]
Rising Oil
June 18, 2009 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation had asked Sri Lanka’s petroleum ministry permission to raise petrol and diesel pump prices by 21 to 23 rupees a litre to stem losses amid rising oil prices, an official said. IOC managing director Suresh Kumar said his firm had lost […]
South Bunker
June 18, (LBO) – Sri Lanka is getting a 65 million US dollars loan from China’s Exim Bank to build an oil storage facility in the Southern coastal town of Hambantota, a senior government minister said. “The objective of this project is to supply and store marine fuel, aviation fuel and LP gas and provide […]
Flair all round as Sri Lanka face Windies
LONDON, June 18, 2009 (AFP) – West Indies are confident of chasing nearly any total in this event; Sri Lanka believe there is no score they can’t defend.Clearly, something will have to give in their World Twenty20 semi-final. Friday’s match at the Oval sees two exciting sides up against one another and, while Sri Lanka […]
Sri Lanka bank on spinners for success
NOTTINGHAM, June 17, 2009 (AFP) – Sri Lanka expect the spinners to pick up another rich haul when they take on the West Indies in the World Twenty20 semi-final at the Oval on Friday. The Sri Lankans have bulldozed their way through the tournament with five straight wins, mainly on the back of spin twins […]
Gas Diplomacy
June 16, 2009 (LBO) – The Netherland’s envoy to Sri Lanka has raised concerns about the government pricing of liquefied petroleum gas of top Dutch firm Shell Gas, consumer affairs minister Bandula Gunewardene said. Shell has previously attracted criticism for charging high fees for its terminal complex. The minister said he had promised a meeting […]
Sri Lanka apparel maker in post-war manufacture
June 16, 2009 (LBO) – Brandix, a top Sri Lankan apparel maker, is planning to boost production at a factory built in Batticaloa, a former war-torn area in the east of the island where ex-female Tiger combatants are also working, an official said.“Our current production is 20,000 pieces and we want to push it up […]
State Club
June 16, 2009 (LBO) – The clubhouse of a golf course which was ordered in to state hands by court over corruption charges is operating as a hotel and starting to generate profits, an official said.The Water’s Edge golf course in Colombo was ordered returned to the state and its clubhouse is now run by […]
Constant Vigil
June 16, 2009 (LBO) – Sri Lankan depositors should be more vigilant as hundreds of smaller unregulated financial firms are still in existence despite the collapse of a few high profile firms, officials said. “Those who invested in unregulated companies will not get their money back because there is no money to give. Going to […]