Category: Industry
Transition
Feb 17, 2008 (LBO) – Sri Lanka’s NDB Bank has announced that its Deputy Chief Executive Officer Eran Wickramaratne will succeed Nihal Welikala as the Chief Executive from April 1 after the latter’s retirement. Both are former officers of the Citibank NA, Colombo. Wickramaratne joined NDB in April 1999 and has been closely associated with […]
Sri Lanka contain Australia despite Gilchrist heroics
PERTH, Australia, Feb 15, 2008 (AFP) – Local hero Adam Gilchrist scored a fairytale century as Australia made 236 in their tri-series one-day match against Sri Lanka at the WACA here Friday.The 36-year-old left-hander is quitting international cricket at the end of the series and it was his final innings at his home ground. Gilchrist […]
Sri Lanka beaten by Australia
PERTH, Australia, Feb 15, 2008 (AFP) – Local hero Adam Gilchrist scored a fairytale century in a man-of-the-match performance that lifted Australia to victory in their tri-series one-day game against Sri Lanka at the WACA Friday. After his 118 helped the hosts make 236 from 49.4 overs, Sri Lanka blew the chance to go top […]
Negative Outlook
Feb 15, 2008 (LBO) – Sri Lanka’s rating outlook has been lowered to ‘negative’ by Standard and Poor’s (S&P) who warned that the underlying B+ rating rating could also be downgraded if budgets worsened. The rating agency said short term foreign borrowing was rising and an “apparent” fall in national debt was largely coming from […]
‘s Reach
Feb 15, 2008 (LBO) – International Finance Corporation, the World Bank’s private sector financing arm, has given a 75 million dollar standby loan for John Keells Holdings (JKH) which can be invested abroad, the firms said in a joint statement. “This will promote cross border business and growth of infrastructure across the region,” the statement […]
Gilchrist bats for under-fire umpires
PERTH, Australia, Feb 13, 2008 (AFP) – Australia’s Adam Gilchrist went in to bat for the umpires on Wednesday, despite being at the wrong end of a dodgy decision at the weekend. “I am not going to hold a grudge against any umpire, particularly that bloke. I respect him…. I have the utmost respect for […]
Sri Lankans focus on Australian frailties
PERTH, Australia, Feb 14, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene vowed here Thursday to target Australian frailties as the tourists bid for top spot in the tri-series table. A win for Sri Lanka on Friday would see them top of the standings, relegating the world champions to bottom place. His own side’s confidence […]
India to propose ban on sledging at ICC meeting
NEW DELHI, Feb 14, 2008 (AFP) – India will propose a ban on sledging — verbally abusing opponents to put them off their game — at an upcoming International Cricket Council (ICC) meeting, a top official said here Thursday.“Cricket is not a physical, contact sport and we don’t see why there should be any abusive […]
Foreign Boost
Feb 14, 2008 (LBO) – Sri Lanka’s Sanasa Development Bank, which has roots in the micro-finance sector, will get cash from foreign partners to meet regulatory capital requirements, an official said. A unit of Singapore’s Orient Global has injected 71 million rupees in Sanasa and has received the regulatory nod to invest up to 15 […]
Sri Lanka to entice Arab tourists in deal with Al-Jazeera
Feb 13, 2008 (LBO) – Sri Lanka’s tourism industry is targeting Middle Eastern visitors by tying up with Al-Jazeera TV to make up for dwindling numbers from traditional European markets, officials said. “There is a need to be more aggressive in promoting the country’s image among Middle East travellers,” deputy minister of tourism Faiszer Musthapha […]
Oil Trends
Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, an official said. The pipes would be laid by the common infrastructure firm, Ceylon Petroleum Storage Terminals Ltd (CPSTL), which is jointly owned by Lanka IOC, the state-owned Ceylon […]
Sri Lanka win toss, bowl against India
CANBERRA, Feb 12, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene won the toss and chose to bowl in the rain-delayed match of the triangular one-day cricket series against India here Tuesday.. After heavy showers in the morning, the match was shortened to 29 overs a side. India stayed with the side that upset Australia […]