Category: Industry
Sri Lanka tourism outlook brightens as war ends
Feb 11, 2009 (LBO) – Sri Lanka’s long-suffering hotel industry faces better prospects as the ethnic war that has kept visitors at bay is almost at an end, while depressed valuations and investment needs may trigger take-overs, an equities researcher has said. Srimal Liyanage of Lanka Securities said he believes the hotels listed on the […]
Sri Lanka Union Assurance profits up
Feb 10, 2009 (LBO) – Sri Lanka’s Union Assurance said group net profit for the December quarter shot up 33 percent to 232 million rupees from a year ago with the bottom line buoyed by income from investments. Life insurance profits also increased by 28 percent to 185 million in 2008 from 144 million in […]
Sri Lanka defeat prompts Pakistan to probe cricket crisis
KARACHI, February 8, 2009 (AFP) – A parliamentary committee on sports is to probe Monday the falling standards of Pakistan cricket and the controversy behind the resignation of the director general of the cricket board, a top official said.The committee has summoned team management, former director general Javed Miandad and Pakistan Cricket Board (PCB) officials […]
World T20 will be tougher this time, says SLanka captain
February 9, 2009 (AFP) – Sri Lanka’s Mahela Jayawardene on Monday predicted a more competitive Twenty20 world championships in England this year, saying teams were getting used to the new format. “We have learnt how to approach this game, so it will be much tougher this time,” said Jayawardene after launching a world-wide tour of […]
‘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 […]
Sri Lanka elect to bat in final India one-dayer
February 8, 2009 (AFP) – Sri Lanka captain Mahela Jayawardene won the toss and elected to bat in the fifth and final one-day international against India here on Sunday.Umpires: Brian Jerling (RSA) and Tyron Wijewardene (SRI) TV umpire: Kumar Dharmasena (SRI) Match referee: Chris Broad (ENG) India, leading 4-0, made two changes from the side […]
‘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. […]
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 […]