Category: Industry
‘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 […]
Sri Lanka beat India to revive tri-series hopes
CANBERRA, Feb 12, 2008 (AFP) – Sri Lanka hammered India by eight wickets on Tuesday to revive their hopes in the rain-hit tri-series.Set a revised 154 to win from 21 overs, Sri Lanka reached the rain-adjusted target with two overs to spare for their first win of the series. India made 195 for five from […]
Native News
Feb 12, 2008 (LBO) – JNW news, Sri Lanka’s pioneer news provider on mobile networks, has launched a news website using Sinhala Unicode characters, an official said. “We wanted to do Unicode because that is the future of Sinhala on the web,” JNW chief Chamath Ariyadasa said. “Advantages like easily transferring the content to other […]
Aitken Spence Hotels cuts Sri Lanka losses, regional net up
Feb 12, 2008 (LBO) – Aitken Spence Hotels has boosted net profits by 78 percent in the December quarter and slashed its Sri Lanka losses in the first nine months of the current financial year, its latest results show. Pre-tax losses in Sri Lanka fell to 195.6 million rupees from 285.7 million rupees in the […]
Sri Lanka exporters urged to focus on food safety, product liability issues
Feb 11, 2008 (LBO) – Sri Lankan exporters should secure their shipments not only because of security but because product liability and food safety are growing concerns in western markets, a container security expert says. New global container security initiatives, which emerged as a response to terrorist threats, are now not only limited to security, […]