Category: Industry
”s collapse
July 25, 2008 (AFP) – Muttiah Muralitharan triggered India’s collapse with four quick wickets to boost Sri Lanka’s hopes of enforcing a follow-on in the third Test here on Friday. The wily off-spinner grabbed 4-38 as India struggled to reach 159-6 in their first innings at stumps on the third day in reply to Sri […]
‘s June quarter profits hit by floods
July 25, 2008 (LBO) – Hayleys MGT Knitting Mills, which supplies knitted fabric to Sri Lanka’s apparel industry, said June quarter net profit fell 19 percent to 705,228 US dollars (76 million rupees) after floods disrupted production.The company, a unit of the Hayleys group, said in a statement turnover grew 14 percent to 14.9 million […]
Transworks Project
July 25, 2008 (LBO) – Sri Lanka will look for private investors to develop prime state property in the heart of the capital Colombo, who would be expected to build a two-tower high rise which could cost around 200 million US dollars, a senior minister said. The land is the so-called Transworks Square, a four […]
Retirement Plan
July 25, 2008 (LBO) – Sri Lankans must start making specific plans to save and invest money early enough to help at the time of retirement or in an emergency, financial sector professionals say. Having a structured savings scheme automatically reduces the reliance on debt, Premaratne says. Most young people have not planned their future […]
Slippery Future
July 25, 2008 (LBO) – Fitch Ratings said the future of the bunkering business of Sri Lanka’s John Keells Holdings was uncertain after a court ordered the return of land which held a tank farm, but said its ‘AAA(lka)’ rating was unchanged.Fitch Ratings said the firm may be able to either re-negotiate access to the […]
Sri Lanka boosted by Warnapura, Jayawardene
July 24, 2008 (AFP) – Malinda Warnapura completed an impressive century to help Sri Lanka reach 205-2 in their first innings at lunch on the second day of the opening Test against India here on Thursday.The left-handed opener reached his second Test hundred in five matches when he cut fast bowler Ishant Sharma for his […]
Sri Lanka on top as Jayawardene emulates Bradman
July 24, 2008 (AFP) – Mahela Jayawardene equalled former Australian legend Don Bradman’s record of nine centuries at one venue to put Sri Lanka in a commanding position in the opening Test against India here on Thursday. Skipper Jayawardene cracked a stylish 136 to help his side post 422-4 in the first innings at stumps […]
Sri Lanka approves Indian power cable link
July 24, 2008 (LBO) – Sri Lanka’s cabinet of ministers has approved a proposal to link Southern India and Sri Lanka through a submarine power cable, a senior minister said.The high voltage direct current link cable was proposed by Power Grid Corporation of India to link Dhanushkodi with Talaimannar in north western Sri Lanka. The […]
Sri Lanka A&E unit in new deal with apparel industry
July 24, 2008 (LBO) – American & Efird Lanka (Pvt) Ltd. has secured a deal to be the preferred sewing thread supplier to Sri Lanka’s apparel industry for the third year running, a company statement said. A&E (Lanka) commands a large share of the Sri Lankan market for sewing thread. The company has signed a […]
Probe raises concerns over Olympic drug test – BBC
LONDON, July 24, 2008 (AFP) – Major doubts have been raised over a key doping test just weeks before the Beijing Olympics, according to a BBC probe released on Monday – sparking fears that cheats are going undetected. The investigation found that World Anti-Doping Agency (WADA) laboratories are classing positive tests for the blood-boosting drug […]
”s attack at bay
July 23, 2008 (AFP) – Sri Lankan opener Malinda Warnapura defied India’s attack with an unbeaten half-century on the opening day of the rain-hit first Test here on Wednesday. India captain Anil Kumble also pressed Sourav Ganguly and off-spinner Harbhajan Singh into the attack in a bid to get one more wicket, but Warnapura and […]
Sri Lanka capital to get direct link to Dhaka with Best Air
July 23, 2008 (LBO) – Best Air, a private Bangladeshi carrier, will start direct flights from Dhaka to the Sri Lankan capital Colombo catering to growing traffic between the two countries, an official said. Best Air chairman Haider Uzzaman said they plan to start with two flights a week to Colombo and Male on Fridays […]