Category: Industry
Hill Roads
Feb 28, 2008 (LBO) – Access routes and the road network in Sri Lanka’s central hill city of Kandy will get a billion rupee spruce-up ahead of a regional meeting of heads of state scheduled for next year, a senior minister said. The government was planning to rehabilitate the main access road from Colombo, and […]
Road Bid
Feb 28, 2008 (LBO) – A joint venture between Sri Lanka’s International Construction Consortium (ICC) and China Harbour has a won 2.4 billion rupee deal to build section of the highway leading to a northeast of the island, a senior minister said. The contract floated by Sri Lanka’s Road Development Authority is funded by an […]
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium brands bringing in better margins. Chevron Lubricants Lanka, formerly known as Caltex, once had a monopoly of the local market but its dominance has been challenged by new […]
Dhoni says Sharma was provoked by Symonds
HOBART, Australia, Feb 26, 2008 (AFP) – Indian captain Mahendra Singh Dhoni on Tuesday accused Australia’s Andrew Symonds of provoking young paceman Ishant Sharma in their tri-series clash at the SCG.However, Dhoni conceded that wasn’t necessarily the case, saying: “Cricket can never be friendly. There will always be aggression on the field but as long […]
Net TV
Feb 27, 2008 (LBO) – Sri Lanka Telecom, the island’s dominant fixed line operator, Wednesday announced it had set up a subsidiary to provide internet television programmes with a planned investment of 100 million rupees. The fully-owned subsidiary called SLT Visioncom would provide internet-based television services to its broadband customers, the company said in a […]
Wary Steps
Feb 27, 2008 (LBO) – The sub-prime loan default crisis in the United States has underlined the value of traditional risk management practices, but countries like Sri Lanka may be at the receiving end, a top banker said. International markets had suddenly turned cautious, with lenders distrusting balance sheets. “It is not a question of […]
Tele Chief
Feb 26, 2008 (LBO) – Sri Lanka Telecom (SLT) has appointed Leisha Chandrasena, who was already a board member, as its new chairperson, an official said. SLT investor relations officer Upali Mahamithawa said Chandrasena’s appointment has taken effect from February 25. Japan’s NTT has a 35 percent stake in the firm but the chairman of […]
Hot Chillies
Feb 26, 2008 (LBO) – Sri Lanka’s Triad Advertising says it will seek international recognition after winning the only gold at this year’s ‘Chillies’ ad awards, while a top agency boycotted a post-event media conference. . Triad topped the tally for the third consecutive year. The agency won gold under the integrated communications category for […]
Sri Lanka crushed by India
HOBART, Feb 26, 2008 (AFP) – India claimed a spot in the tri-series finals with a crushing seven-wicket win over Sri Lanka in their one-day match here on Tuesday.A spectacular middle-order collapse saw Sri Lanka make just 179 from 47.1 overs and India had few problems reaching the target in 32.2 overs, scoring 180 for […]
‘s Muralitharan may be overtaken by Steyn
DHAKA, Feb 26, 2008 (AFP) – South African paceman Dale Steyn was fast closing in on number one Test bowler Muttiah Muralitharan after an impressive performance in the opening Test against Bangladesh here.Steyn picked up 38 valuable ratings points in the first Test, which his team won by five wickets on Monday, and is now […]
Tele Case
Feb 25, 2008 (LBO) – Legal action against the sale of Sri Lanka Telecom shares held by Japan’s NTT is to continue despite the death of the original petitioner, a reporter at the courthouse said. The next hearing of the case would be on March 10. Sri Lanka’s supreme court halted the sale of shares […]
Oil Skills
Feb 25, 2008 (LBO) – Sri Lanka’s central bank plans to hire professionals with expertise in the petroleum industry to support the government’s oil exploration and development efforts. It has just advertised for petroleum economists, geophysicists, petroleum geologists and petroleum risk analysts for positions in the central bank’s middle management level. Applicants with qualifications in […]