Category: Industry
Space Prophet
March 19, 2008 (AFP) – British-born science fiction guru, Arthur C.Clarke, died at a hospital in Sri Lanka on Wednesday, his aide Rohan de Silva told AFP.He was 90. “I have no regrets and no more personal ambitions,” said the writer, who was confined for the past three decades to a wheelchair because of the […]
Fuel Lines
March 19, 2008 (LBO) – Sri Lanka is converting a part of a tank farm to store bunkers or ship fuel and build new pipelines to reduce supply disruptions in a plan that will also see new fuel supply lines being built for power stations, an official said. State-run Ceylon Petroleum Corporation (CPC) is planning […]
Sri Lankan Airlines chases Indians
Mar 19, 2008 (LBO) – Sri Lankan Airlines, already the biggest foreign carrier to India with over 100 flights a week, says it is intensifying efforts to attract Indians to fly its network and bring them to its hub in Colombo. More than 100,000 Indians visited Sri Lanka in 2007, with authorities expecting volume to […]
Sri Lanka make most of inexperienced attack in warm up
PROVIDENCE, Guyana, March 17, 2008 (AFP) – Malinda Warnapura and Sri Lanka captain Mahela Jayawardene warmed-up for the first Test against West Indies later this week when they took advantage of an inexperienced Guyana Cricket Board President’s Select XI attack on Monday. Warnapura retired out on 132 and Jayawardene was dismissed for 99, as the […]
Sri Lanka trade deal with EU linked to human rights law
Mar 18, 2008 (LBO) – Sri Lanka has to improve its human rights record and implement its obligations under international agreements to extend trade concessions given by the European Union, officials said in Colombo. Sri Lanka is a signatory to the International Covenant on Civil and Political Rights (ICCPR) but is yet to complete the […]
‘Indies Bravo cleared to play against Sri Lanka
PORT OF SPAIN, March 16, 2008 (AFP) – Dwayne Bravo has been cleared to play for West Indies in the first Test against Sri Lanka, starting on Saturday in Guyana. Bravo was sidelined with a discomfort in his back for the sixth round of matches in the West Indies first-class championship, when his native Trinidad […]
Sri Lanka Allianz Insurance profit up, expands branch network
March 17, 2008 (LBO) – Sri Lanka’s Allianz Insurance Lanka, a unit of German insurance giant Allianz SE, said pre-tax profit shot up 258 percent to 53.2 million rupees in the financial tyear ended December 31, 2007.The company said in a statement it made a net profit of 50 million rupees during the fiscal year […]
Telco Moves
March 17, 2008 (LBO) – India’s Mahanagar Telephone Nigam Ltd (MTNL) is looking for a joint venture partner to take up a 50 percent stake in Sri Lanka’s Suntel which it is negotiating to buy, India’s telecom regulator has said. The Department of Telecom (DOT) said in its annual report that MTNL wanted a joint […]
Banking Interest
Mar 18, 2008 (LBO) – Former Malaysian finance minister and entrepreneur Daim Zainuddin is hunting in Sri Lanka’s banking and energy sectors for opportunities, the business magnate said on a flying visit to Colombo. Daim said he is looking at either opening a bank or buying into an existing one, after coming to Sri Lanka […]
‘s Caribbean tour opens against inexperienced side
PROVIDENCE, Guyana, March 16, 2008 (AFP) – Sri Lanka open their tour of the Caribbean on Monday against an inexperienced West Indies Select XI at the Guyana National Stadium. The three-day tour match will be the visitors’ only chance for match practice ahead of the first Test of two against West Indies, starting next Saturday […]
India Sri Lanka power cable can be built in 40 months: report
March 16, 2008 (LBO) – An India state-run firm that is preparing a feasibility study on an undersea power cable to Sri Lanka has said the project could be completed in 40 months if given the go ahead, a media report said. India’s The Hindu Business Line newspaper said a detailed report is being prepared […]
Sri Lankan spinner gets suspended jail sentence
March 15, 2008 (AFP) – Sri Lanka spinner Kaushal Lokuarachchi on Saturday was handed a four-year suspended jail sentence for driving carelessly and killing a woman pedestrian in 2003.The leg-spinner, who has played 21 one-day internationals and four Tests, was banned for four months by Sri Lanka Cricket on disciplinary grounds following the car crash.Judge […]