Category: Industry
Fuel Row
June 26, 2008 (LBO) – Indian Oil Corporation’s Sri Lanka unit has decided to drop its diesel retail price to match that of the dominant state-owned refiner after threats by government to take over its outlets. The fuel retailers sell diesel at a subsidised price and try to cover the losses through profits on petrol […]
Sangakkara hundred helps Sri Lanka beat Bangladesh
KARACHI, June 25, 2008 (AFP) – Wicket-keeper batsman Kumar Sangakkara hit a brilliant century to help Sri Lanka down Bangladesh by 131 runs in their Group A Asia Cup match here on Wednesday.The 30-year-old left-hander notched 101 for his seventh one-day hundred to propel the defending champions to 357-9 in their 50 overs before restricting […]
China deploys missiles to guard Games
BEIJING, June 25, 2008 (AFP) – China has deployed surface-to-air missile batteries near its main Beijing Olympic venues as an apparent defence against airborne terror attacks on the Games.An AFP reporter on Wednesday saw a pair of missile batteries in clear view under camouflage netting in a grassy area in northern Beijing about one kilometre […]
Sri Lanka reach 290-9 despite disciplined UAE bowling
LAHORE, June 26, 2008 (AFP) – Mahela Udawatte and Mahela Jayawardene scored half-centuries for Sri Lanka as they posted 290-9 against a disciplined United Arab Emirates in the Asia Cup here Thursday. The two top from each group will qualify for the Super League stages where each team plays three matches to decide the July […]
Sri Lanka station wins two awards from Emirates
June 26, 2008 (LBO) – The passenger and cargo operations of Emirates in Sri Lanka have won two of the carrier’s global performance awards in 2007-08, the airline said in a statement. It received the Outstanding Achievements Award in the Passenger category and the Best GSA Award from Emirates SkyCargo at Emirates’ worldwide, annual commercial […]
Plane flies past destination as pilots doze: report
NEW DELHI, June 26, 2008 (AFP) – An Air India flight headed for Mumbai overshot its destination and was halfway to Goa before its dozing pilots were woken out of a deep slumber by air traffic control, a report said.The high altitude nap took place approximately two weeks ago, the Times of India reported Thursday. […]
Sri Lanka stages international gem show to entice buyers
June 25, 2008 (LBO) – Sri Lanka’s international gem and jewellery trade show ‘Facets Sri Lanka’, a key annual event that helps increase the island’s gem exports, is to be held in September this year, its organizers said. A new feature at this year’s show will be competitions to recognize the best gem cutter, best […]
Sri Lankan Airlines adds flights to Middle East
June 25, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, said it has increased flights to the Middle East to support government moves to attract more tourists from the region. The state-owned airline said in a statement that weekly flights to the city of Doha had been increased to six from four previously, […]
Olympic athletes set to shine through smog, doping scandals
PARIS, June 24, 2008 (AFP) – Beijing Games organisers will be hoping that the exciting crop of competitors in the blue riband event of athletics can dispel the sordid spectre of doping and provide a feast of top-class sport.Certainly, there is a raft of big-name draw cards and record-breakers for whom the stage is set […]
Sri Lanka chamber says trade missions yield contracts, orders
June 24, 2008 (LBO) – Business promotion missions to Iran and Pakistan organized by the Ceylon Chamber of Commerce (CCC) have resulted in several contract agreements and confirmed orders for Sri Lankan companies with others under negotiation. The CCC said in a statement it was now doing a study to explore possibilities of leading two […]
Plastic Preference
June 24, 2008 (LBO) – Sri Lanka’s ABC Group says its tri-lingual credit card is gaining popularity, especially in rural areas, and consumers are relying more on credit with inflation soaring to 30 percent. Garment sector employees and rural youth apply for the card owing to its tri-lingual facility and ease of use, says Orville […]
Greek Deal
June 24, 2008 (LBO) – Ceylon Shipping Corporation (CSC), Sri Lanka’s national shipping line, has struck a deal with a member of a famous Greek shipping dynasty for a joint venture project to transport petroleum products and supply ship fuel. The CPC wants to go for long-term freight contracts to reduce costs and be able […]