Category: Industry
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 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, […]
‘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 […]
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 […]
Bonus Interest
Jan 27, 2009 (LBO) – Sri Lanka’s Central Bank said the government will pay a 20 percent bonus interest in rupees on the interest earned on foreign currency deposits in banks from February 1.“This aims to promote inflows of foreign remittances into Sri Lanka through the banking channels as well as to promote the general […]
Heavy Lift
Jan 27, 2009 (LBO) – Colombo port will start taking delivery of the first batch of new cargo handling equipment to replace aging cranes from May this year, Sri Lanka Ports Authority chairman Priyath Wickrama said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Two pier-side gantry […]
‘s Murali set for record double in India series
DAMBULLA, January 26, 2009 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan is poised to complete a record bowling double during the one-day series against India starting on Wednesday. The off-spinner is just three wickets short of surpassing former Pakistani paceman Wasim Akram’s world record of 502 one-day scalps, having grabbed 500 in 324 matches […]
Sri Lanka tourist arrivals from major markets fall sharply
Jan 26, 2009 (LBO) – Tourist arrivals into Sri Lanka last year fell sharply from its main markets of India and Britain whose currencies also depreciated significantly against the dollar. Tourist industry analysts said that the downturn in tourism could worsen this year because of the weaker currencies and economic slowdown in key visitor generating […]
‘s Jayawardene eyes India challenge after Pakistan rout
LAHORE, January 24, 2009 (AFP) – Sri Lankan captain Mahela Jayawardene said his team were progressing well and he was looking forward to facing India after thumping Pakistan Saturday to win the one-day series 2-1.Jayawardene’s team beat the home side by a whopping 234 runs in the third and final day-night international — the heaviest […]
Sri Lankan Airlines in discounted internet sales strategy
Jan 25, 2009 (LBO) – Sri Lankan Airlines has launched a discounted online ticket sales program where cut price tickets can be bought by booking ahead, the company said, tapping the price-sensitive end of the market. “We are giving these incredible discounts to almost all our destinations in Europe, the Middle East, South Asia, and […]
Sri Lanka LNG power plant to Australian consultancy
Jan 24, 2009 (LBO) – Sri Lanka has given tax concessions to an Australian consultancy to develop a 488 MegaWatt liquefied natural gas (LNG) fired power plant for the state-run electricity grid, the island’s investment promotion agency said. There was no mention whether a minimum volume has been guaranteed or whether a formal power purchase […]