Category: Industry
IT Services
Feb 02, 2009 (LBO) – Massachusetts-based Virtusa Corp., an IT services firm with operations in Sri Lanka, said net profit for the December quarter rose 18.9 percent to 6.3 million dollars from a year ago. Virtusa has offices in the United States and the United Kingdom and global delivery centres in Hyderabad and Chennai, India […]
India survive a Kandamby scare
January 31, 2009 (AFP) – Sri Lanka’s Thilina Kandamby smashed a solid 93 not out under pressure, but failed to stop India from posting a 15-run victory in the second one-day international here Saturday.The tourists restricted Sri Lanka to 241 after scoring 256-9 in a day-night match, which was held up for five minutes during […]
Yuvraj props up India with 66
January 31, 2009 (AFP) – Yuvraj Singh smashed a half-century to help India post a competitive 256-9 in the second one-day international against Sri Lanka here on Saturday.The middle-order batsman made an impressive 66 for his 38th half-century after his side had lost three wickets for 83 runs.He steadied the innings with an 85-run stand […]
Capital Short
Jan 31, 2008 (LBO) – Though Sri Lanka’s policymakers and borrowers are expecting banks to give loans, cut interest rates and extend repayment periods, the sector’s ability to bailout the broader economy is limited, officials said. Sri Lanka’s businesses were feeling the impact of local and external downturn from last year. Baited Breath “Even though […]
Mobile Alert
Jan 30, 2009 (LBO) – Sri Lanka has launched a disaster warning system based on mobile phones that can deliver a an alert to millions of mobile phones users within minutes of an event taking place anywhere in the world, an officials said. “As a result of the international linkages we have built, I received […]
Finance Meet
Jan 30, 2008 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had met the heads of banks, finance and leasing companies to discuss recent turmoil and future direction, the president’s office said. Representatives of state and private banks, the Central Bank and Treasury were also in the meeting, held Thursday. The meeting discussed the steps take […]
Crime Alarm
Jan 29, 2009 (LBO) – Sri Lanka’s computer crime fighting has failed with more than three quarters of cases ending without convictions or not being investigated, despite new laws being devised, Chief Justice Sarath Silva said. In 2007, there had been 17 cyber crimes but only 76 percent had been investigated. “Now the alarm signs […]
Support Group
Jan 29, 2009 (LBO) – The Sri Lanka division of the Chartered Institute of Management Accountants would be advised by a 5-member consultative group after the local divisional council was suspended, the accounting body said. CIMA (Chartered Institute of Management Accountants) has appointed a local Consultative Group to advise on the affairs of its Sri […]
‘s Jayasuriya upstaged by Dhoni with victory
DAMBULLA, January 28, 2009 (AFP) – Mahendra Singh Dhoni and Gautam Gambhir cracked half-centuries to upstage Sri Lanka’s Sanath Jayasuriya as India posted a six-wicket win in the opening one-dayer here on Wednesday.Opener Gambhir made 62 and skipper Dhoni an unbeaten 61 to help India achieve a 247-run target with 11 balls to spare for […]
‘s age-defying Jayasuriya boosts team with 107
DAMBULLA, January 28, 2009 (AFP) – Sanath Jayasuriya became the oldest batsman to hammer a one-day century as Sri Lanka posted a competitive 246-7 in the opening match against India here on Wednesday.The left-handed opener cracked 107 for his 28th hundred at the age of 39 years and 212 days, beating the previous oldest century-maker, […]
Hedge Deal
Jan 27, 2009 (LBO) – Sri Lanka’s Supreme Court Tuesday terminated proceedings in a case against oil hedges by the state-owned refiner, Ceylon Petroleum Corporation, with all interim orders that suspended payments to banks ceasing to be operative.The Supreme Court said it was terminating proceedings as the government did not comply with its orders to […]
Sri Lanka apparel firms mull investments in former war zone
Jan 27, 2009 (LBO) – Sri Lankan apparel exporters said they are considering expanding into the former war-zone in the island’s north and east from where Tamil Tigers have been driven out.Ajith Dias, chairman of the Joint Apparel Association Forum, an industry umbrella body, said the government is trying to encourage apparel companies to set […]