Category: Industry
Banking Code
July 02, 2008 (LBO) – Ceylinco group chairman Lalith Kotelawala has demanded the Sri Lankan Central Bank adopt its own code of corporate governance.He said in a letter to Central Bank governor Nivard Cabraal that was released to the media that he will initiate legal action if the Central Bank fails to adopt such a […]
Free Flow
July 02, 2008 (LBO) – Sri Lanka’s Central Bank has relaxed exchange controls for emigrants in a move it said aimed at further promoting stable capital mobility and improving investor confidence in the country. The new rules allow previous emigrants to take out without any restriction balances in blocked accounts where their wealth had been […]
Sri Lanka reach Asia Cup final after crushing win
KARACHI, June 30, 2008 (AFP) – Sparkling centuries from Sanath Jayasuriya and Kumar Sangakkara powered defending champions Sri Lanka to a crushing 158-run win over Bangladesh Monday to reach the final of the Asia Cup.Jayasuriya celebrated his 39th birthday with an 88-ball 130 while Sangakkara scored 121 to help Sri Lanka pile up a mammoth […]
Transport Trends
July 01, 2008 (LBO) – Sri Lankan freight forwarders should use their expertise in international trade to modernise the island’s archaic, inefficient domestic trade, a transport expert said. Amal Kumarage, chairman of the National Transport Commission, said inefficiencies in internal trade were a huge cost to the economy as well as individuals and a drag […]
Sri Lanka win against Pakistan
KARACHI, June 29, 2008 (AFP) – Kumar Sangakkara hit a fighting hundred and spinner Ajanta Mendis took four wickets to power Sri Lanka to a 64-run win over Pakistan in their Asia Cup Super League clash here on Sunday.The left-hander scored 112 to lift Sri Lanka to 302-7 after Pakistani paceman Sohail Tanveer notched up […]
Sri Lanka Aitken Spence Maldivian water villas named the best
June 30, 2008 (LBO) – Sri Lanka’s Aitken Spence conglomerate has won an award for the best water villas in the Maldivian atolls, the company said. Aitken Spence’s Adaaran ˜Prestige’ Water Villas in the Maldives won the ˜Maldives Leading Water Villas’ award at the World Travel Awards Asia and Indian Ocean Ceremony held in Shanghai. […]
Sri Lanka tourism gets World Bank support
June 30, 2008 (LBO) – The World Bank has agreed to provide funds to the Sri Lankan government for a tourism initiative among small entrepreneurs and rural communities, the Ministry of Tourism said in a statement. The assurance of support came after talks by Tourism Minister Milinda Moragoda with Wold Bank officials in Washington DC, […]
Shipping Risk
June 30, 2008 (LBO) – The Sri Lankan government is considering establishing a fund based on a levy charged from merchant vessels to handle emergencies caused by oil spills, a senior official said. Marine Pollution Prevention Authority (MPPA) chairman Ranjit Kularatne said the potential for oil spills caused by ship accidents is very high given […]
Sri Lankan spin star targets one-day record
KARACHI, June 29, 2008 (AFP) – Sri Lanka’s spin wizard Muttiah Muralitharan said his immediate target at international level is to overhaul Pakistani bowler Wasim Akram’s world record of one-day wickets.“I want to take 30-odd wickets to get to Wasim’s world record in one-day cricket and try out for 1,000 wickets in Tests,” Muralitharan said […]
Sri Lanka 302-7 with Sangakkara century
KARACHI, June 29, 2008 (AFP) – Kumar Sangakkara hit a steady century to help Sri Lanka post a challenging 302-7 against Pakistan in a Super League match in the Asia Cup at the National Stadium here on Sunday.The swashbuckling left-hander scored a 110-ball 112 to lift his team after they were sent into bat by […]
Looking Good
June 29, 2008 (LBO) – More people are mastering hair dressing and beauty culture because of increasing opportunities both in Sri Lanka and overseas, practitioners and students say. In the past people didn™t consider it as a serious profession because of the low demand and the inability to get qualified. Now however, hair and beauty […]
‘s national carrier slaps fuel surcharge
June 28, 2008 (AFP) – Sri Lanka’s national carrier, Sri Lankan Airlines, will re-introduce a fuel surcharge to cover rising jet fuel costs, the airline said Saturday. “Sri Lankan Airlines has re-introduced the fuel surcharge for travel and ticketing effective July 1,” the airline said. It said flights between Sri Lanka and Southeast Asian countries […]