Category: Industry
Exploration
Feb 21, 2008 (LBO) – Petroleum minister A H M Fowzie said Sri Lanka would have lost the confidence of global oil firms if it had postponed the bids for offshore exploration and was keen to ensure transparency in the bidding. The government had also appointed a cabinet appointed negotiating committee to negotiate with the […]
ICC panel recommends shorter World Cup
KUALA LUMPUR, Feb 20, 2008 (AFP) – The 2011 World Cup in South Asia should be shorter and with fewer teams, an International Cricket Council (ICC) panel recommended on Wednesday.The 10 chief executives were joined here by ICC chief executive Malcolm Speed, ICC president-elect David Morgan of England and India’s Sunil Gavaskar, who heads the […]
‘s Jayawardene expects no respite from Aussies
MELBOURNE, Feb 21, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene said Thursday he didn’t think Australia would be affected by recent off-field distractions when the two sides meet in their tri-series match on Friday.Sri Lanka must beat Australia to revive their tri-series finals hopes and the home side has had plenty to consider this […]
Bottom Dwellers
Feb 21, 2008 (LBO) – The market for high rise apartments in Sri Lanka has bottomed out and prices are unlikely to fall further, a group of property developers and construction contractors said. Economic analysts have pointed out that Sri Lanka’s recent rise in land and property was an asset price bubble fired loose monetary […]
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 […]
‘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 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 […]
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 […]