Category: Industry
Dashboard View
July 23, 2008 (LBO) – Sri Lankan firms can gain more benefits by choosing software that is flexible to match the size and growth of a company and can be easily customized, a software vendor has said.Zillione Systems which launched Sage AccPac 5.5 for local customers this month, says the ERP (enterprise resource planning) accounting […]
Rail Loan
July 23, 2008 (LBO) – Sri Lanka has inked a deal with India’s Export-Import Bank of India to borrow 100 million US dollars to upgrade a coastal rail track and buy rolling stock, the island’s finance ministry said. A credit agreement for 100 million US dollars was signed between finance ministry secretary P B Jayasundera […]
Forex Accounts
July 22, 2008 (LBO) – Commercial Bank said it has begun accepting deposits from foreigners and Sri Lankan expatriates after the Central Bank relaxed foreign exchange rules. Special Foreign Investment Deposit Accounts (SFIDA) can be opened in designated foreign currencies and Sri Lankan rupees, it said in a statement. The minimum initial deposit required to […]
‘s Dravid
July 21, 2008 (AFP) – Former captain Rahul Dravid says India need to be at their best to beat Sri Lanka in home conditions in a three-Test series starting here on Wednesday.“They have got the right balance in these conditions.They are always a big threat at home. Muttiah Muralitharan is a big impact and Chaminda […]
Mama Mia – Torres takes on fifth Olympics at 41
LOS ANGELES, July 22, 2008 (AFP) – In a sport littered with precocious prodigies, 41-year-old swimming mum Dara Torres shatters the mould. Torres was a talented teen herself when she won her first Olympic swimming gold in Los Angeles in 1984. Now she’ll tackle her fifth Games campaign in Beijing alongside teammates and rivals young […]
Sri Lanka banking on pride in India series, says captain
July 22, 2008 (AFP) – Skipper Mahela Jayawardene says Sri Lanka are keen to maintain their impressive home record when they take on India in a three-Test series, which starts here on Wednesday.The hosts have won home series against South Africa, England and the West Indies in the past four years and in the same […]
Sri Lanka-India trade deal proponents emphasise benefits
July 22, 2008 (LBO) – Sri Lankan proponents of a new trade and investment treaty with India say the island should go ahead with the deal as it gives access to a fast-growing economy with a huge market. Mano Selvanathan, president of the Indo-Lanka Chamber of Commerce and Industry, says safeguards built into the proposed […]
Sri Lankan Airlines to reduce flights to cut costs
July 22, 2008 (LBO) – Sri Lankan Airlines plans to reduce flights to cut costs amid soaring fuel prices but said the new schedule would not affect key passenger segments like tourists and migrant workers. The state-owned airline said in a statement it will go ahead with re-fleeting plans by replacing four old aircraft with […]
SMS Business
July 22, 2008 (LBO) – Sri Lankan business news from Lanka Business Online (LBO) is now available on Dialog SMS, giving the opportunity for people on the move to be in touch with the latest breaking business news.Dialog subscribers have to type ‘act lbo’ (act-space-lbo) and send to 678 to activate the service. The first […]
Inflating Luck
July 22, 2008 (LBO) – The Sri Lankan government is going to double the prices of lottery tickets from September onwards. The national lotteries board and the development lotteries board have an effective duopoly on selling lotteries in Sri Lanka. Updated National Lotteries Board chairman A De vass Gunewardena says that the last price revision […]
Sri Lanka minister rejects cricket manager
July 21, 2008 (LBO) – Sri Lanka’s sports minister has rejected a nomination to appoint former test cricketer Hashan Tillekeratne as manager of the national cricket team for an upcoming Indian tour. Sports minister Gamini Lokuge told our sister website Vimasuma.com Monday that he received the nominations of the Sri Lanka contingent for the Indian […]
IOC will crackdown on drug testing – president Rogge
LAUSANNE, July 20, 2008 (AFP) – International Olympic Committee (IOC) boss Jacques Rogge has promised a drug-testing crackdown at the Beijing Games in a bid to banish memories of cheat Marion Jones. “We had 26 positive tests in Athens, so classic tests work.But if we look at statistics most athletes are tested out of competition.” […]