Category: Industry
Sri Lanka players recover in hospital after Pakistan attack
March 5, 2009 (AFP) – Two Sri Lankan cricketers injured during a gun and grenade attack in Pakistan have undergone surgery and are recovering in hospital, a doctor said on Thursday. Tharanga Paranavitana who had a bullet lodged in his chest and Thilan Samaraweera, who had shrapnel in his right leg, underwent surgery at a […]
Restructuring
Mar 05, 2009 (LBO) – An investment banking unit linked to a state bank is examining several troubled finance and real estate firms of Sri Lanka’s Ceylinco group, a media report said. The Daily Mirror newspaper said the Merchant Bank of Sri Lanka, a listed subsidiary of state-run Bank of Ceylon, is planning to re-structure […]
Reaching Out
Mar 05, 2009 (LBO) – Sri Lanka’s two biggest banks, state-owned Bank of Ceylon (BOC) and the private listed Commercial Bank, plan to expand in areas of the island’s north and east which have been cleared of Tamil Tiger rebels. Bank of Ceylon’s expansion program is part of the government’s economic revival programs for the […]
Pakistan hunts attackers of Sri Lanka cricket team
LAHORE, March 4, 2009 (AFP) – Pakistan stepped up a manhunt on Wednesday for the armed militants behind a deadly ambush targeting Sri Lanka’s cricket team, which has plunged the troubled nation deeper into crisis.It was the first deadly direct assault against a sports team in nuclear-armed Pakistan, where over 1,600 people have died in […]
Sri Lankan cricketers rushed to hospital on return from Pakistan
March 4, 2009 (AFP) – Sri Lanka’s wounded and shaken cricketers flew home to Colombo Wednesday and were rushed straight to a local hospital, a day after being attacked in a deadly ambush in Pakistan, officials said. There were emotional scenes as relieved relatives welcomed home the 25-member tour party, who were led from a […]
Cricketer ambush an attack on Sri Lanka-Pakistan relations: United States
Mar 04, 2009 (LBO) – An armed ambush of the Sri Lanka cricket team, which visited Pakistan when India pulled out of a tournament, was an attack on peaceful relations among the two South Asian nations, the United States said. Several Pakistan policemen who were protecting the players died in the attack. “This is not […]
Sri Lanka seeks insurance after Pakistan attack
March 4, 2009 (AFP) – Sri Lanka on Wednesday called for bids to insure the national cricket team, a day after a gunmen ambushed their bus in Pakistan, leaving seven players and an assistant coach injured.Sri Lanka Cricket (SLC) said it was looking for an insurance policy to cover group travel, medical and personal accident […]
Broken Axle
March 04, 2009 (LBO) – Sri Lanka’s once prosperous motor industry has seen a sharp fall in sales, hit by shrinking credit, a fast depreciating rupee and import restrictions, a senior official of the Ceylon Motor Traders Association (CMTA) said. Revenues for the December quarter had plummeted by 17 percent or 384 million rupees, to […]
Long Voyage
March 04, 2009 (LBO) – Sri Lanka’s Hemas Holdings has got two seats on the board of directors of Mercantile Shipping Company, a ship owner and operator in which it acquired a stake last year.Hemas group director Imtiaz Esufally and Irshad Mushin, director – maritime transportation of Hemas group, have been appointed non-executive directors of […]
Sri Lankan cricketers hurt in Pakistan attack: police
LAHORE, March 3, 2009 (AFP) – Masked gunmen opened fire on the Sri Lankan cricket team’s bus in the eastern Pakistani city of Lahore on Tuesday, killing at least eight people and wounding six team members, police said.Sri Lankan officials said six team members — five players and a coach — were wounded and that […]
Pakistan attackers laid siege then fled: police
LAHORE, March 3, 2009 (AFP) – The attackers who ambushed Sri Lanka’s cricketers near a Pakistani stadium mounted a sophisticated assault using rockets, grenades and guns before escaping in stolen cars, police said. Witnesses said the attack started with an explosion at 08:40 am (0340 GMT) as a convoy carrying the Sri Lankan national team […]
Sri Lanka Ceylinco Insurance veterans promoted
March 03, 2009 (LBO) – Sri Lanka’s Ceylinco Insurance said it has appointed Rajkumar Renganathan and Ajith Gunawardena, chief executive directors of the company’s Life and General insurance divisions, as joint deputy chairmen of the company with immediate effect. A company statement also said its funds were invested according to regulatory guidelines and that only […]