Category: Industry
Sri Lanka lose one-day series to West Indies
GROS-ISLET, St.Lucia, April 16, 2008 (AFP) – West Indies won the three-match One Day International series with Sri Lanka 2-0 after rain washed out the final match at the Beausejour Stadium here Tuesday. This decider promised much but delivered a no-result when rain forced an abandonment of the third and final ODI under lights. In […]
Hedging Profits
April 15, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing losses from retailing petroleum below-cost in that month. . “In March we lost 3,769 million rupees retailing fuel, but a hedging contract with Citibank earned us about 580 million rupees,” […]
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil companies gave bids, petroleum minister A H M Fowzie said. . “We are only evaluating the block for which we received three bids,” Fowzie told reporters Tuesday. […]
‘s Brandix clothing exporter cuts energy, water use with redesigned plant
April 15, 2008 (PBO) Sri Lanka’s Brandix Group, which exports clothes to international retailer Marks & Spencer, has spent 2.5 million dollars to redesign a 30-year-old factory to meet ‘green’ factory standards. The conversion achieved a 45 percent saving in energy, cut water consumption by nearly 60 percent, improved solid waste management and reduced carbon […]
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka’s Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, to handle oil exploration. A well-structured institutional arrangement should exist for policy formulation, management, regulation, and supervision of oil exploration, development and production, it said in its newly released 2007 […]
Sri Lanka hammered by Chanderpaul, Samuels and rain
PORT-OF-SPAIN, Trinidad, April 13, 2008 (AFP) – Sri Lanka ran into the rampant pair of Shivnarine Chanderpaul and Marlon Samuels, and lost the rain-marred second one-day International against West Indies by seven wickets under the Duckworth-Lewis Method on Saturday.Chanderpaul smote three fours and two sixes in an unbeaten 52 from 42 balls, and Samuels struck […]
Sri Lanka power supply fails country-wide
April 13, 2008 (LBO) – Sri Lanka’s national power grid operated by state-run Ceylon Electricity Board (CEB) failed late morning Sunday as the island was preparing to celebrate a local New Year festival. By 11.30 am the power utility had started restoring supply to part of the capital Colombo. Officials said a generator in the […]
Price Competition
April 12, 2008 (LBO) – Sri Lanka’s Electroteks which is to operate the island’s sixth mobile telephony firm with India’s Reliance says it will be offering stiff price competition to existing players. Updated Electroteks is to tie up with India’s Reliance Communications (RCom) to start mobile services. Electroteks chief B A C Abeywardene says the […]
Chanderpaul pitch in to defeat Sri Lanka
PORT OF SPAIN, Trinidad, April 10, 2008 (AFP) – Chaminda Vaas lost his nerves, but Shivnarine Chanderpaul kept his, and struck a four and a six off the last two balls to hand West Indies a sensational one-wicket victory over Sri Lanka in the first One-day International here Thursday. Chasing 236 for victory from their […]
‘s Mendis sets tongues wagging on ODI debut
PORT OF SPAIN, Trinidad, April 11, 2008 (AFP) – Tougher days surely lie ahead, but Ajantha Mendis appears to be a spin bowler with a bright future based on the evidence of his One-day International debut for Sri Lanka against West Indies on Thursday at Queen’s Park Oval.The 23-year-old from Moratuwa bowled impressively to collect […]
Call Sign
April 11, 2008 (LBO) – Three channels of the ABC radio network would be on air from on April 15, a top official said. The Sinhalese ‘Hiru’, English ‘Gold’ and Tamil ‘Sooryan’ which is starting on next Tueday is part of a network of five radio stations that were closed by the government last year. […]
Private Education
April 11, 2008 (LBO) – Sri Lanka’s Central Bank has called for legislative and regulatory changes to create a favourable environment for private investment in university education. There is an urgent need for introducing a market oriented, efficient mechanism to the existing university education system, the bank said in its 2007 annual report. The education […]