Category: Industry
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 […]
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 […]
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 […]
True Olympic spirit found in those who come last
PARIS, July 20, 2008 (AFP) – True Olympic spirit is often found away from gold medallists with their agents and sponsorship deals — it is found in its purest sense in those that come last.Swimmer Eric “The Eel” Moussambani and Paula Barila Bolopa may have made a splash in Sydney but only the best memories […]
Call Synergy
July 20, 2008 (LBO) – Sri Lanka Telecom’s mobile subsidiary wants its licensing conditions relaxed so it could combine phone tariffs with its fixed line parent, its chief executive said. This will enable the firm to achieve higher scale advantages to compete in a market where new technology and increased competition are pushing down call […]
Restructuring
July 20, 2008 (LBO) – Sri Lanka’s state radio will shed up to 400 excess employees by giving them a million rupee severance package senior officials said, while the broadcaster was reeling under mounting losses.At the moment it has 1,068 employees and most of the excess is in the transport and security divisions, officials said. […]
Premium Banking
July 20, 2008 (LBO) – Sri Lanka’s Nations Trust Bank (NTB) has launched priority banking services for premium customers with higher interest rates and benefits, officials said. Dedicated agents will be present in NTB branches to serve Inner Circle members, Fernando says. The priority service is available all year round in NTB branches of Colombo, […]
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.” […]
Sri Lanka draws against India
July 20, 2008 (AFP) – Opener Gautam Gambhir scored an unbeaten half-century as India drew their rain-hit three-day tour match against a Sri Lanka Board XI here on Sunday. Brief Scores: Sri Lanka Board XI: 224 and 247-6 dec. in 55 overs (C. Silva 59 not out, J. Mubarak 41; Harbhajan Singh 2-53). Indians: 196-8 […]
‘s Kandamby shines against touring India
July 18, 2008 (AFP) – Test hopeful Thilina Kandamby top-scored with 84 to help the Sri Lanka Board XI make 224 against a visiting India on the opening day of their three-day tour match here on Friday.The Sri Lankans were tottering at 82-4 before Kandamby and Chamara Silva rescued them with a 100-run fifth-wicket partnership. […]
USA set to defend Olympic medal supremacy in Beijing
WASHINGTON, July 19, 2008 (AFP) – Americans will attempt to lead the overall medal table for the fourth Summer Olympics in a row next month in Beijing, but hosts China and Russia will challenge for supremacy in golds and total medals.US teams had the greatest medal haul for a record fourth Games in a row […]