Category: Industry
Hop Across
Feb 21, 2008 (LBO) –Standard & Poor’s will start an office in India allowing a closer watch on Sri Lanka and other South Asian nations, the rating agency said. S&P had a subsidiary in India, CRISIL, but permission to set up a fully-owned subsidiary has only just been given. The South Asian office in Mumbai […]
National Pension
Feb 21, 2008 (LBO) – Sri Lanka’s state-run savings giant, National Savings Bank entered the pensions market with a campaign specifically targeted at young savers, officials said. Sri Lanka’s central bank governor Nivard Cabraal said the scheme will give an opportunity for private sector workers to save for their retirement as formal pensions were only […]
Sri Lanka tourist arrivals steady in January
Feb 20, 2008 (LBO) – Sri Lanka received 56,916 tourists in January, around the same level as last year with a sharp increase in visitors from Russia which the tourism promotion office has identified as a new target market. January numbers were boosted in both 2007 and 2008 by the arrival of a spiritual leader […]
‘s Dhoni US$1.5mn, Sri Lanka Murali, US$600,000 at cricket auction
MUMBAI, Feb 20, 2008 (AFP) – India one-day captain Mahendra Singh Dhoni went for a huge 1.5 million dollars on Wednesday as some of the world’s best players were auctioned off for the Twenty20 Indian Premier League (IPL). . Chennai paid nearly four times the wicketkeeper-batsman’s base price of 400,000 dollars in the opening round […]
Sri Lanka saved by Sangakkara century
ADELAIDE, Australia, Feb 19, 2008 (AFP) – The class of Kumar Sangakkara once again revived Sri Lanka after a dismal start with the bat in their crucial tri-series clash with India here Tuesday. The Sri Lankan cause wasn’t helped by three runs outs, two dreadfully unlucky, but Sangakkara’s polished 128 helped them recover from a […]
Sangakkara century lifts Sri Lanka
ADELAIDE, Australia, Feb 19, 2008 (AFP) – The class of Kumar Sangakkara once again revived Sri Lanka after a dismal start with the bat in their crucial tri-series clash with India here Tuesday.The Sri Lankan cause wasn’t helped by three runs outs, two dreadfully unlucky, but Sangakkara’s polished 128 helped them recover from a disastrous […]
Sri Lanka drop Jayasuriya for West Indies tour
Feb 19, 2008 (AFP) – Sri Lankan cricket selectors here Tuesday dropped Sanath Jayasuriya for the tour of the West Indies starting next month and brought back left-arm fast bowler Thilina Thushara Mirando.The full Sri Lankan squad: Mahela Jayawardene (captain), Kumar Sangakkara, Michael Vandort, Malinda Warnapura, Thilan Samaraweera, T M Dilshan, Chamara Silva, Muttiah Muralitharan, […]
Talent Gap
Feb 19, 2008 (LBO) – Sri Lanka’s Business Process Outsourcing (BPO) firms have called for more investment to improve English standards and reduce education costs to get the required number of qualified people for the growing sector. “There’s got to be an opportunity for Sri Lanka there.” “If we tackle English, we may have a […]
Sri Lanka glove exporter enters Indian market: report
Feb 18, 2008 (LBO) – Sri Lanka’s rubber gloves exporter Dipped Products Ltd. (DPL) has announced plans to enter the Indian market in partnership with Delhi-based import firm Optimum Marketing Metrics (OMM), news reports said Monday. The company, a unit of the Hayleys conglomerate, hopes to sell industrial and household gloves through big retail chains. […]
Tele Outlook
Feb 18, 2008 (LBO) – Standard & Poor’s said it had cut the outlook on Sri Lanka Telecom (SLT), the island’s largest fixed operator, to ‘negative’ from stable after the country’s sovereign outlook was lowered last week. “SLT continues to benefit from modest debt and positive free cash flow generation from its core businesses,” S&P […]
Low Tones
Feb 18, 2008 (LBO) – Sri Lanka’s Dialog Telekom group December quarter profits fell 35 percent despite revenue climbing 26 percent as losses from its pay TV business and thinner margins on mobile operations took their toll. Group net profits fell to 1.6 billion rupees from 2.5 billion in the December quarter on revenues of […]
Everyone™s Business
Feb 18, 2008 (LBO) – The United Nations office in Sri Lanka will hold a round table conference Tuesday to seek ways of encouraging more people to do volunteer work after a noticeable decline in interest. “The round table conference will talk about how we can make volunteering everyone’s business again,” United Nations Volunteers Programme […]