Category: Industry
Extended
Mar 26, 2008 (LBO) – Sri Lanka’s Commercial Bank says it is opening branches with extended hours and is also planning automated teller kiosks that will provide internet banking facilities to customers. The bank opened its 165th branch at Ward Place, Colombo on Wednesday which will stay open till 5.00 pm in the evening. Commercial […]
Equity Hedge
Mar 27, 2008 (LBO) – Sri Lanka’s Janashakthi Insurance said it was on track for a public listing after recording profits of 525 million rupees in 2007, with strong results from general insurance and investment income boosting the bottom line. The firm’s total revenue with investment income rose to 5.2 billion rupees from 4.7 billion […]
Petro Move
Mar 25, 2008, (LBO) – India’s Bharat Petroleum says it is looking for opportunities in Sri Lanka’s aviation and retail fuel sectors after launching its ‘MAK’ brand lubricants partnering with a top auto dealer in the island. “We hope that we will also be given an opportunity to enter the main product market which is […]
Sri Lanka in control of cricket test
PROVIDENCE, Guyana, March 24, 2008 (AFP) – Sri Lanka seized control of the opening Test against West Indies on Monday although their hosts need eight more runs to avoid the follow-on. West Indies, replying to Sri Lanka’s first innings total of 476 for eight declared, reached 269 for nine when stumps were drawn on a […]
‘s Vaas planning retirement in a year
PROVIDENCE, Guyana, March 25, 2008 (AFP) – Chaminda Vaas has plans to end his distinguished international career for Sri Lanka in a year’s time.The left-arm fast-medium bowler collected three wickets for 45 from 22 overs to help his side restrict West Indies to 269 for nine, replying to Sri Lanka’s first innings total of 476 […]
Cyber Market
March 25, 2008 (LBO) – Greater use of information technology in Sri Lanka’s largely subsistence agriculture sector will help both farmers and consumers alike by reducing costs, a researcher has said. Harsha De Silva, lead economist at LIRNEasia, a think tank, said a system using IT that addresses the information needs from the decision making […]
Factory Estate
March 25, 2008 (LBO) – Sri Lanka’s Hemas Holdings has put on sale its industrial complex in Welisara, a northern suburb of the capital Colombo, where it made consumer products like soap and toothpaste. The move follows the group’s shift of manufacturing to a new location in Dankotuwa, also north of Colombo, to take advantage […]
Sri Lanka tourist arrivals fall 5.8-pct; UK tops February
March 25, 2008 (LBO) – Foreign visitors to Sri Lanka fell 5.8 percent in February with a steep fall of Indian tourists and UK generating most visitors to the island, data from the tourist promotion office showed. Total arrivals fell to 40,551 from 43,051 in the same month of 2006 with the top generating market […]
Stronger Unit
Mar 25, 2008 (LBO) – Sri Lanka is wrapping up plans to merge six state-run regional development banks and a draft bill to give legal effect to the merger would be ready by June this year, a finance ministry official said. Ruhunu, Rajarata, Sabaragamuwa, Kandurata, Uva and Wayamba development banks are now run as autonomous […]
Vaas, Jayawardene star as Sri Lanka declares at 476
PROVIDENCE, Guyana, March 23, 2008 (AFP) – Sri Lanka collected the prized scalp of Chris Gayle to strengthen their hold on the opening Test against West Indies on Sunday after their captain Mahela Jayawardene posted his 22nd Test hundred. Left-arm fast-medium bowler Chaminda Vaas inflicted an early blow to the West Indies’ batting, when he […]
Sri Lanka asks for new Pakistan schedule to stay in Twenty20 game
March 24, 2008 (AFP) – Sri Lanka have asked Pakistan to re-schedule a proposed one-day international series in order to allow their players to take part in the Indian Premier League (IPL), a top official said here Monday. Chief executive of Sri Lanka Cricket (SLC) Duleep Mendis said the team would tour Pakistan only if […]
Emirates starts airborne mobile phones
Mar 24, 2008 (LBO) – Emirates airline has commercially launched an in-flight mobile telephone service costing 27 million dollars, partnering with the communications firm AeroMobile, the carrier said. “The first authorised mobile phone call made from a commercial flight was made today at 30,000ft enroute to Casablanca, onboard an Emirates Airbus A340-300 aircraft,” the airline […]