Category: Industry
Leisure Style
April 06, 2008 (LBO) – Sri Lanka’s famed architect, Geoffrey Bawa has inspired a new trend of boutique type hotels in Sri Lanka that are attracting high-end tourists, that is now spreading its wings abroad. . A leisure architectural style that is now sweeping across India and Indonesia had its origins nearly half a century […]
Battling Windies close in on Sri Lanka total
PORT OF SPAIN, Trinidad, April 4, 2008 (AFP) – West Indies, replying to Sri Lanka’s first innings total of 278, reached 268 for seven when bad light stopped play on the second day of the second Test on Friday. Sri Lanka’s bowlers exploited the lively Queen’s Park Oval pitch and heavy conditions to keep scoring […]
Mixed emotions for Sri Lanka captain after day two
PORT OF SPAIN, Trinidad, April 5, 2008 (AFP) – Sri Lanka captain Mahela Jayawardene had mixed feelings about the way his side performed on the second day of the second and final Test against West Indies on Friday at Queen’s Park Oval. Sri Lanka captured six wickets in the final session to get back into […]
Special Licence
April 05, 2008 (LBO) – The Merchant Bank of Sri Lanka (MBSL), a unit of state-run Bank of Ceylon , said it plans to get a banking license and expand its activities. . The bank will seek a licence from the regulator to operate as a ‘licensed specialised bank’, MBSL’s new chairman Janaka Ratnayake said […]
Oil Deal
April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during a visit this week by senior government officials to Teheran. Treasury Secretary P B Jayasundera and Ashantha de Mel, chairman of the state-oil refiner Ceylon Petroleum Corporation, are […]
Sri Lanka rescued by Dilshan and Silva century stand
PORT OF SPAIN, Trinidad, April 3, 2008 (AFP) – An unbroken stand of 100 for the sixth wicket between Tillakeratne Dilshan and Chamara Silva helped Sri Lanka recover on the rain-marred opening day of the second and final Test against West Indies on Thursday.Dilshan was unbeaten on 58 and Silva was not out on 37, […]
Atom Chip
April 04, 2008 (LBO) –Intel has launched a new low-power chip which can be used in mobile devices and simple computers for internet surfing that it says would be useful in Sri Lanka’s e-governance initiative. Products like Intel’s Atom family of processors will help Sri Lanka achieve its goal of 60 percent computer literacy by […]
Tele Rating
April 04, 2008 (LBO) – Fitch Ratings has cut Sri Lanka Telecom’s foreign currency credit rating by one notch to ‘B+’ after the country’s sovereign rating was slashed a day earlier, saying the exit of Japan’s NTT from the firm was not a reason for the downgrade. SLT’s local ratings were based on its own […]
West Indies win toss, field against Sri Lanka
PORT OF SPAIN, Trinidad, April 3, 2008 (AFP) – West Indies won the toss and chose to field on the opening day of the second and final Test against Sri Lanka on Thursday at Queen’s Park Oval.West Indies have made two changes to their line-up, bringing in left-handed opener Sewnarine Chattergoon and fast bowler Fidel […]
Sri Lanka pushes Myanmar, Pakistan, India to crack rice export curbs
April 03, 2008 (LBO) – Sri Lanka is in talks to relax rice export curbs in at least three countries so that cheaper imports could lower the price of the staple commodity ahead of a local festival, a senior minister said. Trade minister Bandula Gunewardene said Sri Lanka has had discussions with Myanmar, Pakistan and […]
‘s MAS fabric park signs up renewable power
April 03, 2008 (LBO) – Sri Lankan apparel exporter MAS Holdings has signed up with a hydro power firm to buy electricity for an eco-friendly plant in a bid to reduce fossil fuel based energy use, an official said. . Under a five year deal, Nilwalabase Hydro Power Limited will supply between 2.5 to 4.0 […]
Emirates starts flying first class to Sri Lanka
April 03, 2008 (LBO) – Emirates airlines said it had started first class services to Sri Lanka on selected flights after it started operating new Boeing 777 aircraft on the Dubai-Colombo run from March 31. On Mondays and Thursdays the airline will make available up to 14 first class seats. “The return of First Class […]