Category: Industry
Sri Lanka stunned by Hasan blitz
DHAKA, January 14, 2009 (AFP) – Shakib Al Hasan smashed an explosive 92 not out to power Bangladesh into the triangular one-day series final with an upset five-wicket win over Sri Lanka here on Wednesday.The left-hander cracked two sixes and 10 fours in his 69-ball knock as Bangladesh surpassed Sri Lanka’s total of 147 with […]
Peak Performance
Jan 14, 2009 (LBO) – Condom use has peaked in Sri Lanka but sales of oral birth control methods such as emergency contraceptives are rising, the island’s top marketer of family planning services said.The Family Planning Association of Sri Lanka, a non-profit entity, has launched a new anesthetized condom, which can give new life to […]
India to tour Sri Lanka next month
January 13, 2009 (AFP) – India will play five one-dayers and a Twenty20 international against hosts Sri Lanka next month to help fill the gap created by their cancelled tour of Pakistan, officials said Tuesday.The dates and venues for the hastily arranged series will be announced within a few days, Indian cricket board secretary N.Srinivasan […]
Interest Trends
Jan 13, 2009 (LBO) – Sri Lanka’s LB Finance said net profit for the December quarter rose 39 percent to 84 million rupees from a year ago, with interest income almost doubling. Total income fell 11 percent to just over a billion rupees, according to results released by the firm, the first listed company to […]
Port of Call
Jan 13, 2009 (LBO) – The Sri Lanka Ports Authority will start construction work on a yacht marina in the southern Galle harbour this week as part of efforts to promote it as a tourism port, a senior official said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
Tough Market
Jan 12, 2008 (LBO) – India’s Bharti Airtel launched services in Sri Lanka with simplified tariff plans in an extremely competitive market of four existing players that has seen steep falls in prices ahead of the fifth celco’s entry. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Road Radio
LAS VEGAS, January 12, 2009 (AFP) – German audio equipment maker Blaupunkt and Australia’s miRoamer have teamed up to produce the first Internet car radio, giving drivers access to tens of thousands of Web radio stations.“As for in-car installs, we’ve been inundated with a lot of companies who are interested in this,” he said, declining […]
Wider Reach
Jan 12, 2009 (LBO) – Sri Lankan mobile operator Tigo, a unit of Millicom International Cellular, said it had reached two million subscribers in 2008 after heavy investments to expand its network coverage. The rapid growth in the island’s mobile market has slowed in recent years and increased competition saw all operators lowering prices and […]
Zimbabwe put Sri Lanka in to bat
DHAKA, January 12, 2009 (AFP) – Zimbabwe captain Prosper Utseya elected to field after winning the toss against Sri Lanka in a triangular one-day series match here on Monday. Zimbabwe beat Bangladesh by 38 runs in the opening match on Saturday. Each team will play two league games before the top two qualify for the […]
Sri Lanka wins with record-breaking Mendis bowling
DHAKA, January 12, 2009 (AFP) – Ajantha Mendis became the fastest bowler to complete 50 wickets in one-day internationals as Sri Lanka crushed Zimbabwe by 130 runs in a triangular series match here Monday.The unorthodox spinner finished with 3-15 off 5.2 disciplined overs as Sri Lanka dismissed Zimbabwe for a paltry 80 after scoring 210-6. […]
Legal Tangle
Jan 11, 2009 (LBO) – The widening fallout on Sri Lanka’s inter bank markets of petroleum derivatives suspended by court took a new turn this week with state-run People’s Bank going to court against privately owned Commercial Bank.People’s Bank won a restraining order from Colombo Commercial High Court against Commercial Bank stopping the private bank […]
Fiery Baptism
Jan 10, 2009 (LBO) – A former chief executive of Sri Lanka’s Shell gas unit who has turned around Malaysian Airlines has termed his experience in the island as a ‘baptism of fire’. In December 2005 Idris Jala took over state-run Malaysian Airlines, in a year the firm lost 1.3 billion Malysian ringgit. In two […]