Category: Industry
Tech Centre
July 10, 2008 (LBO) – India’s Reliance Communications has joined with Sri Lanka’s PC House (PCH) and its subsidiary Greenwich Lanka to maintain and develop off-shore internet data centers (IDCs).Reliance hopes to use the island as a hub for its marketing activities and as an overseas development center, the companies said in a statement. The […]
Freight Fracas
July 10, 2008 (LBO) – The Sri Lanka Shippers’ Council (SLSC) says their dispute with foreign shipping lines over a handling charge at Colombo port remains unresolved despite repeated protests and court action. The dispute between Sri Lankan exporters and foreign shipping lines has moved into mediation mode, on a supreme court directive, and a […]
Sri Lanka army promotion for Mendis after Asia Cup victory
July 9, 2008 (AFP) – Sri Lanka’s new spin sensation Ajantha Mendis has been given a double promotion in the army after his exploits in the Asia Cup final, officials said on Wednesday.Mendis, 23, a gunner, was promoted to 2nd lieutenant by President Mahinda Rajapakse, who is also commander-in-chief of the armed forces. Mendis destroyed […]
Sri Lanka Ceylinco Insurance share issue applications rise
July 09, 2008 (LBO) – Applications for Sri Lanka’s Ceylinco Insurance non-voting share issue have been steadily increasing, according to registrars to the issue, International Consultancy and Corporate Services.They said in a stock exchange filing that they had received 1,623 applications for almost 2.8 million shares amounting to 485.8 million rupees by the close of […]
Rainbow View
July 9, 2008 (LBO) – Sri Lanka Telecom, the island’s largest fixed access operator, has established a separate unit for director publishing information-based businesses, officials said. Although a non-core business activity, SLT Publications was formed as a separate entity to gain operational advantages and productivity gains, Leisha de Silva Chandrasena, chairperson of SLT told reporters. […]
Tired Dhoni opts out of Sri Lanka Tests
MUMBAI, July 8, 2008 (AFP) – India’s Mahendra Singh Dhoni took the rare step of pulling out of a Test tour because of fatigue on Tuesday, saying he wanted to miss the upcoming series against Sri Lanka. The wicketkeeper-batsman told officials he was not available for the three Tests starting in Colombo on July 23, […]
Mystic Mendis is latest Sri Lankan mould-breaker
NEW DELHI, July 8, 2008 (AFP) – As if Muttiah Muralitharan was not enough, Sri Lanka now have another formidable spinner in Ajantha Mendis, whose unique style is also breaking new ground.Muralitharan, with a record 735 Test wickets, has long flummoxed batsmen with his “doosra” delivery that spins away from right-handers instead of coming in […]
Sri Lanka replace Zimbabwe with 2009 tour of England
LONDON, July 8, 2008 (AFP) – Sri Lanka will play two Tests and three one-day internationals in England next April and May, stepping into the fixture gap created by England’s decision to break off cricket relations with Zimbabwe.Dates for the tour were announced on Tuesday by the England and Wales Cricket Board (ECB). David Collier, […]
Virtual Slaves
JAKARTA, July 8, 2008 (AFP) – Saudi Arabian families are abusing female migrant workers to the point of slavery and Riyadh needs to respond with sweeping labour and justice reforms, a major rights group said Tuesday.US-based Human Rights Watch (HRW) said in a new report released in Indonesia, the home country of thousands of female […]
Peace Building
July 07, 2008 (LBO) – Sri Lanka’s government should start English medium schools in the East of the island, because educators in the areas are clamouring them, a top official in charge of peace building efforts said.The Secretariat for Coordinating the Peace Process (SCOPP) is encouraging communities in the Eastern Province to formulate their own […]
Bank Rating
July 08, 2008 (LBO) – Fitch Ratings has confirmed the local long-term rating of Sri Lanka’s Nations Trust Bank at ‘A(lka)’ with a stable outlook.The agency also gave an ‘A-(lka)’ rating to NTB’s proposed unsecured debenture issue of up to 1.5 billion rupees. “NTB’s rating reflects its modest profitability and capitalization,” it said in a […]
Mendis, Jayasuriya shine as Sri Lanka retains Asia Cup
KARACHI, July 6, 2008 (AFP) – Sensational spinner Ajantha Mendis took six wickets for just nine runs to help Sri Lanka beat India by 100 runs in the final here on Sunday to successfully defend the Asia Cup title. As expected the 23-year-old spinner mesmerised the Indian batsmen with career-best figures to cause a slump […]