Category: Industry
Slow Way
Aug 05, 2008 (LBO) – The government lacks the funds to build part of an expressway in southern Sri Lanka that is scheduled to be completed by 2010, a senior government official said.The southern expressway is meant to link the capital Colombo with the town of Matara in the deep south of the island which […]
Bubble Deflating?
SINGAPORE, August 5, 2008 (AFP) – World oil prices fell in Asian trade Tuesday as fears about slowing US demand outweighed the increasing likelihood of heightened tensions over Iran’s controversial nuclear programme, dealers said. The storm was not seen as a threat to oil installations but operators in the crucial US petroleum industry hub said […]
Six showdowns not to be missed at Beijing Olympics
PARIS, August 04, 2008 (AFP) – Six potential showdowns that should not be missed at the Aug 8-24 Beijing Olympics:- ATHLETICS Jeremy Wariner v LaShawn Merritt: The 100 metres might be the ‘blue riband’ event but the 400m is a purists dream and the battle between Wariner, the reigning Olympic champion, and his American compatriot […]
16 police killed in attack in China Muslim region: state media
BEIJING, August 4, 2008 (AFP) – Sixteen policemen in China’s Muslim-majority northwest were killed on Monday in a suspected terrorist attack, state media said, raising security fears four days before the Beijing Olympics.In one of the deadliest reported attacks in China in years, two men aimed a lorry at police officers jogging near their barracks […]
Online Books
Aug 04, 2008 (LBO) – A Sri Lankan firm has started selling books by local authors on the internet with soft copies available for download, the company, Z-World said in a statement. The company said copies of books were available in pdf, a popular document compression format developed by the software firm Adobe. Buyers could […]
Money Management
August 4, 2008 (LBO) – Sri Lankan savers, faced with the prospect of the value of their savings being eroded by record inflation, are being advised to save early in life and diversify to spread the risks. Top money management professionals say the public must adapt to financial planning while saving a part of the […]
Bank Trends
Aug 04, 2008 (LBO) – Fitch Ratings has confirmed the ‘AAA(lka)’ national long-term rating of HSBC Sri Lanka with a stable outlook. The ratings agency said in a statement that the bad loans of the bank, the island’s largest foreign bank, had increased but that its asset quality was high by Sri Lankan standards. Fitch […]
Risky Waters
Aug 04, 2008 (LBO) – Heavy swells caused by monsoon weather are creating delays at Colombo port, officials at shipping lines calling at the Sri Lankan harbour said. The bad weather sometimes forces vessels to delay entering the port as well as leave after discharging and loading cargo, they said. “At the moment productivity has […]
Sri Lanka rattled by Indian pacemen
GALLE, August 3, 2008 (AFP) – Indian pacemen Ishant Sharma and Zaheer Khan shared three early wickets to boost India’s chances of winning the second Test against Sri Lanka here on Sunday. India earlier failed to cope with Sri Lankan spinners Muttiah Muralitharan and Ajantha Mendis as they were bowled out for 269 after resuming […]
Veteran Olympians still at the top
PARIS, Aug 03, 2008 (AFP) – Time and tide wait for no man, or do they? Beijing-bound athletes Jeannie Longo, Haile Satayin, Hiroshi Hoketsu, Dara Torres, James Tomkins and Susan Nattrass have shown getting older does not rule out Olympic participation at the highest level. French cyclist Longo, Ethiopian-born Israeli Satayin, who runs in the […]
Sri Lanka lose to India
GALLE, August 3, 2008 (AFP) – Skipper Anil Kumble on Sunday lauded opener Virender Sehwag and teenage paceman Ishant Sharma for playing key roles in India’s series-levelling victory against Sri Lanka here.India, who lost the opening match of the three-Test series by an innings and 239 runs in Colombo, came back strongly to win the […]
Erotic Fee
Aug 03, 2008 (LBO) – Sri Lanka has ordered internet firms to filter pornographic content, but adults could buy unrestricted access for special fee with password protection, a media report said.The Sunday Island newspaper quoting a Telecommunications Regulatory Commission of Sri Lanka (TRCSL) statement said President Mahinda Rajapaksa has ordered filtering sexually explicit content to […]