Category: Industry
Aromatic Growth
July 27, 2008 (LBO) – Cosmetics manufacturer Oriflame says the market for its products in Sri Lanka grew by almost half in 2007, more than the average growth rate of markets in the Asian region.Oriflame Cosmetics is present in 59 countries with a sales force of 2.3 million independent sales consultants. “This means there is […]
India crash to big defeat after Murali-Mendis magic
July 26, 2008 (AFP) – Muttiah Muralitharan and Ajantha Mendis made a mockery of India’s strong batting reputation as Sri Lanka won the opening Test by a record innings and 239 runs here on Saturday.But Sri Lanka captain Mahela Jayawardene requested the officials to review the decisions under a new experimental rule and they changed […]
Military hardware close to venues proves tourist trap
BEIJING, July 26, 2008 (AFP) – “What is that?” asked a surprised and intrigued local resident as he looked at the missiles deployed near the main Olympic stadia in Beijing.Retired 55-year-old Ji Xiu had taken advantage of the new number six bus route to cross from her home on the opposite side of Beijing with […]
‘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 […]
”s agony
July 25, 2008 (AFP) – Tillakaratne Dilshan completed a century as Sri Lanka posted a massive 552-6 in their first innings at lunch on the third day of the opening Test against India here on Friday. The middle-order batsman (102 not out) reached his fifth Test hundred in the last over before the break when […]
Bunker mentality as Beijing readies for Games
BEIJING, July 25, 2008 (AFP) – Its ancient city walls were demolished decades ago, but with the Olympic Games fast approaching Beijing is raising a new defence that is echoing those long-gone fortifications.The capital has gone into fortress mode for next month’s Games, with police checkpoints choking road traffic into Beijing, tightened security across the […]
”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 […]
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 […]
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 […]