Category: Industry
‘s winning streak
February 8, 2009 (AFP) – Tillakaratne Dilshan top-scored with a solid 97 as Sri Lanka prevented an Indian clean sweep with an emphatic 68-run win in the fifth and final one-day international here on Sunday.The hosts posted 320-8 following impressive knocks from opener Dilshan and Kumar Sangakkara (84) and then dismissed the tourists for 252 […]
‘s record-smashing Murali reveals secret of success
February 6, 2009 (AFP) – History-making Sri Lankan spinner Muttiah Muralitharan says mental toughness and hard work are the keys to success in international cricket.“It’s not all that sweet. It’s not easy to go on for such a long time because you have your ups and downs,” said Muralitharan, 36, after becoming the highest wicket-taker […]
Talk Time
Feb 06, 2009 (LBO) – Sri Lanka telco Lanka Bell has slashed international tariffs to India to 7.00 rupees from the earlier 12.00 a minute for fixed phones and 25.0 rupees for mobiles, the company said. “With this new rate Lanka Bell becomes the Sri Lankan telecommunication company that offers the lowest call charges to […]
Clean Seas
Feb 06, 2009 (LBO) – Sri Lanka has called for fresh bids from private investors to set up a collection facility in Colombo port for waste oil from ships which will be charged a fee for the service.The deadline for bids is April 3 with the decision on the successful bidder being made by June […]
Sri Lanka Galle literary festival; journeys back in time
Feb 05, 2009 (LBO) – A blond woman in China with an unusual history; airline passengers armed to the teeth, crowded into a rickety Russian plane in Afghanistan, are an unlikely combination to encounter on a single journey.Award winning British travel-writer and novelist Colin Thubron, – one of whose latest works is Shadow of the […]
Port Bids
Feb 05, 2009 (LBO) – The Sri Lanka Ports Authority has issued a long-awaited call for bids for a container terminal in a new deep-draft port being built next to the existing Colombo harbour. Bids will be opened by the Cabinet appointed negotiating committee on behalf of the Sri Lanka Ports Authority on May 19. […]
Trading Deal
Feb 03, 2009 (LBO) – Sri Lankan software firm Millennium IT said it has won the contract to provide the trading platform for India’s new International Multi-Commodity Exchange (IMX). The exchange is expected to go live in the first quarter of the next financial year, subject to regulatory approvals, according to a statement by Indiabulls […]
Cheap PC
NEW DELHI, February 3, 2009 (AFP) – India has unveiled plans to produce a laptop computer costing just 10 dollars in a bid to improve the skills of millions of students across the country. New Delhi rebuffed a previous attempt to bring cheap laptops to India, led by MIT computer scientist Nicholas Negroponte’s One Laptop […]
Sri Lanka Galle Face group to build resort on Maldive island
Feb 03, 2009 (LBO) – Sri Lanka’s Galle Face Hotels Group plans to build a 100-room luxury resort hotel on an atoll in the Maldivian archipelago, a senior official said.The new hotel is sited on an uninhabited island which also has a domestic airport.and airport buildings. The new Maldivian president Mohamed Nasheed, during his recent […]
Ambiguity
Feb 03, 2008 (LBO) – Sri Lanka’s Commercial Bank says the ‘ambiguity’ behind a suspension of payments on oil derivatives sold to state-run Ceylon Petroleum Corporation (CPC) is causing uncertainty, and leaving it in a tight position. “Unless there is a strict instruction by the regulator we feel that we have to honor the counterparties […]
Support Package
Feb 03, 2009 (LBO) – Sri Lanka is developing a policy support package for registered finance and leasing companies that are facing liquidity problems, the Central Bank said. The Central Bank intervened to stop a run on Seylan Bank, dissolved its board of directors and put the bank under state-run Bank of Ceylon. Depositors says […]
Oil Money
Feb 02, 2009 (LBO) – Cairn India, which is exploring for oil in Sri Lankan waters, said group after-tax profit for the December quarter was 48.5 million dollars compared to a loss of 3.5 million dollars in the same period in 2007.A company statement said group revenue of Cairn India for the quarter was 43.3 […]