Category: Industry
‘ review system
NEW DELHI, June 16, 2008 (AFP) – An experimental rule allowing players to seek a second opinion on umpiring decisions will be put on trial during India’s upcoming series in Sri Lanka, officials said on Monday. The rule says a batsman or fielding captain may request the review of any decision taken by on-field umpires […]
Sri Lanka exports up on commodity boom
June 16, 2008 (LBO) – Sri Lanka’s exports grew 14.7 percent helped by strong prices for tea, while apparel exports grew by a slow 5.3 percent and the trade deficit expanded 92 percent on higher oil and capital goods imports, official data showed. The Central Bank said April export earnings increased 14.7 percent to 610 […]
Good Behaviour
June 16, 2008 (LBO) – Sri Lanka’s Central Bank said it has prepared a draft code of corporate governance for registered finance companies, based on the directions issued to licensed banks, that will come into effect from January 2009. It said in a statement that the draft took into consideration the views expressed by the […]
Harbour View
June 16, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) is getting ready to make commercial use of its vast landholdings around the harbours in the island, some of which are now considered prime property. “We’ve structured a framework agreement by which we can use the land for public-private partnership projects,” SLPA chairman Saliya […]
Cash strapped Sri Lanka Cricket sinks deeper into debt: report
June 15, 2008 (LBO) – Sri Lanka Cricket, the island’s richest sporting body, is currently surviving on a 7.5 million dollar overdraft, a media report said. The triangular series had been due to take place in August 2006 between the hosts, South Africa and India. India stayed to play Sri Lanka, but rain disrupted the […]
Smoking Out
June 14, 2008 (LBO) – Laugfs Eco Sri, a unit of Sri Lanka’s Laugfs gas distributor, plans to launch a sample testing centre next month to test vehicle exhaust emissions ahead of the imposition of new emission standards. The government has said vehicles that do not meet proposed exhaust emission standards will not be given […]
Jumbo Release
UDAWALAWE, June 14, 2008 (AFP) – Sri Lanka on Saturday released eight orphaned baby elephants into the jungle after rescuing them from near certain death, wildlife officials said.Many of those elephants cared for by the wildlife officials have been injured after being struck by trains or shot by farmers. Others are rescued from pits into […]
From Johnson to Munich, scandal and tragedy has marked Olympics
PARIS, June 13, 2008 (AFP) – Planning and staging an Olympics has never been an easy task and the chances are that Beijing 2008 will have its share of problems before it all ends for another four years.However it will have to go some way to surpass several previous Olympics. From the humiliating spectacle of […]
Sri Lanka insurance IPO gets foreign interest
June 13, 2008 (LBO) – Sri Lanka’s Janashakthi Insurance says there is strong foreign interest centered around the Middle Eastern region for their 400 million rupee initial public offering that is opening on Monday. In the year to December 2007, the group posted 525 million rupees in profits and reported revenues of 5.2 billion rupees. […]
Sri Lanka tourist arrivals up 18.5-pct in May
June 13, 2008 (LBO) – Tourist arrivals to Sri Lanka rose a steep 18.5 percent in May against a sharp fall last year but cumulative figures were little changed amidst bad publicity from an internal conflict, the latest official data showed. The number of arrivals increased by 1.2 percent to 196,403 for the first five […]
‘s Dialog celco links with AeroMobile
June 13, 2008 (LBO) – Sri Lankan celco Dialog, a unit of Telekom Malaysia said it had partnered with AeroMobile to provide in-flight mobile communications, becoming the first in the region to do so. “Dialog Telekom has achieved the distinction of being the first operator in the region to partner with AeroMobile..,” the company said […]
Better Rates
June 13, 2008 (LBO) – Sri Lanka’s Sampath Bank is offering a rate of 12.5 percent a year for savings deposits which maintain a balance of more than 50,000 rupees, the bank said. The savings deposit scheme branded ‘Hit Saver’ gives an annual effective rate of 13.24 percent, the bank said in a statement Friday. […]