Category: Industry
Sri Lanka expert says solar energy too costly without subsidy
Aug 18, 2008 (LBO) – Solar energy is still too expensive to be used widely without government subsidies, a Sri Lankan expert has told the island’s energy-intensive industries which are grappling with the highest electricity costs in Asia.Tilak Siyambalapitiya, managing director, Resource Management Associate, said solar energy cost 60 rupees per kilowatt hour whereas now […]
Palmtop
Aug 18, 2008 (LBO) – Sri Lanka’s state-run Peoples’ Bank has started a new service with personal digital assistant (PDA) equipped officers visiting customer premises to offer banking facilities. The ‘palm-top’ banking service allows customers to open an account, make deposits, withdraw cash, apply for loans, make balance inquiries and do reversals, the bank said. […]
Phelps makes history with eighth gold
BEIJING, August 17, 2008 (AFP) – Michael Phelps became the first competitor in the history of the Olympics to win eight gold medals at a single Games as the United States won the men’s 4x100m medley relay on Sunday. With the victory, Phelps overtook compatriot Mark Spitz, who won seven swimming gold medals at Munich […]
Bolt set up for historic sprint double
BEIJING, August 17, 2008 (AFP) – Jamaica’s Usain Bolt has set himself up for the first Olympic sprint double since American Carl Lewis 24 years ago after scorching to the 100m title in world record-breaking style. Bolt set the 91,000-capacity National Stadium alight on Saturday when he broke his own record in scorching to the […]
Openers Jayasuriya, Sehwag in explosive duel
DAMBULLA, August 17, 2008 (AFP) – Indian skipper Mahendra Singh Dhoni and Sri Lankan captain Mahela Jayawardene are looking forward to an explosive start to their one-day international series starting here Monday.Sri Lanka’s left-handed opener Sanath Jayasuriya may be 39, but remains a bowler’s nightmare with his ability to change the course of a match […]
India pin hopes on fresh legs in Sri Lanka one-dayers
DAMBULLA, August 16, 2008 (AFP) – India open a five-match one-day series against Sri Lanka here on Monday hoping to erase unhappy memories of their last encounter. Sri Lanka dashed India’s hopes of winning a major title in the sub-continent in their previous one-day international, winning the Asia Cup final by a comfortable 100-run margin […]
Sri Lanka power demand slowing: expert
Aug 16, 2008 (LBO) – Sri Lanka faces no immediate threat of blackouts with growth in demand for electricity slowing down as industries grapple with the highest power costs in Asia, an energy expert said. “The slowdown in demand for electricity is coming mainly from industry. Last year industry reported zero growth in electricity consumption.” […]
Sri Lanka Eagle Insurance June quarter profit falls
Aug 15, 2008 (LBO) – Sri Lanka’s Eagle Insurance group June quarter net profit fell by almost half compared with the same period a year ago, according to interim results released by the firm. Eagle’s second quarter net profit was down 46 percent to 27 million rupees with profits for the first half also down […]
Extended Deadline
Aug 15, 2008 (LBO) – Directors of Sri Lankan banks who reach a term limit of nine years in 2008, would be allowed to be in office for a further three years, the Central Bank which is the financial regulator, said.The direction gives effect to a Supreme Court ruling made in July 2008 against a […]
‘s Hikkaduwa tourist hotspot chockfull at beach fest
Aug 14, 2008 (LBO) – A beach festival in Sri Lanka’s Hikkaduwa coastal tourist town has filled up hotels to full capacity and set the stage for an annual event that will attract young people from the region, the island’s tourism authorities said. Managing Director of Sri Lanka Tourism Promotions Bureau Dileep Mudadeniya says more […]
Coin Issue
Aug 14, 2008 (LBO) – Sri Lanka will issue special coins commemorating the runner-up of the last cricket world cup, an official said.Sri Lanka’s central bank will issue a Nickel plated steel coin with a denomination of 5 rupees and depicting a bowler. A brass plated steel coin with a face value of 1,000 rupees […]
India have to be positive against Mendis, says Dhoni
August 14, 2008 (AFP) – India captain Mahendra Singh Dhoni said his batsmen needed to be positive against Sri Lanka’s latest spin sensation Ajantha Mendis in the upcoming one-day series.“He (Mendis) is a bit different and the batsmen need some time to settle in. We have to be positive, but ultimately it comes down to […]