Category: Industry
Jayawardene, Vandort frustrate England
COLOMBO, Dec 11, 2007 (AFP) – Sri Lankan captain Mahela Jayawardene and Michael Vandort put on 178 for the unbroken third wicket to keep England at bay in the second cricket Test here on Tuesday. Sri Lanka, replying to England’s first innings total of 351, emerged unscathed from the morning session on the third day […]
Sri Lanka Ceylon Glass new plant starts production
Dec 11, 2007 (LBO) – Ceylon Glass Company (CGC) has begun production at its new plant in Horana, south of the capital Colombo, which can meet Sri Lanka’s entire demand for glass containers and export as well. Ceylon Glass chief executive Sanjay Tiwari said the second production line would start next week and that they […]
Top Rating
Dec 11, 2007 (LBO) – Fitch Sri Lanka has confirmed John Keells Holdings (JKH) national ‘AAA (lka)’ rating with a stable outlook, but expressed concern that most of its cash is generated by bunkering and container operations. “JKH’s ratings reflect its strong cash flow generation and increasing earnings diversity,” Fitch said. But the rating agency […]
‘s eight-wicket pair frustrate Sri Lanka in second Test
COLOMBO, Dec 10, 2007 (AFP) – England’s eight-wicket pair of Matthew Prior and Ryan Sidebottom put on 55 undefeated runs to keep Sri Lanka at bay in the second cricket Test here on Monday.England, looking for a series-levelling win after losing the first Test in Kandy last week, took their first innings to 327-7 by […]
England fume over umpiring errors in second Test
Dec 9, 2007 (AFP) – England captain Michael Vaughan was furious with the umpires after Sri Lanka grabbed four wickets in the final session to scuttle his team’s confident start in the second Test here on Sunday.Fast bowler Lasith Malinga took two wickets off successive balls as England, electing to take first strike in good […]
Streaker halts play in England-Sri Lanka Test
Dec 9, 2007 (AFP) – A male streaker ran on the field on the opening day of the second cricket Test between England and Sri Lanka on Sunday, forcing play to be halted for three minutes.The unidentified man, part of the nearly 3,000-strong band of travelling England supporters, sprinted from the stand next to the […]
Sri Lanka face aggressive England
Dec 8, 2007 (AFP) – England coach Peter Moores wants his team to be streetwise and aggressive as the tourists bid for a series-levelling win in the second Test against Sri Lanka starting on Sunday.England lost the first Test in Kandy by 88 runs despite holding a first innings lead of 93 runs and failed […]
‘s Ranatunga warns of talent drought
Dec 8, 2007 (AFP) – Sri Lanka’s legendary cricketer Arjuna Ranatunga on Saturday expressed concern about the lack of new talent emerging to replace the island’s ageing superstars.“We do not see any top talent coming up to replace great players like Muttiah Muralitharan and Kumar Sangakkara,” Ranatunga said at a ceremony to commend Muralitharan on […]
Sri Lanka tableware exporter goes niche
Dec 07, 2007 (LBO) – Sri Lankan tableware exporters Dankotuwa Porcelain has said it is shifting strategy away from mass production to focus on specialty designs for niche markets. The move is in response to growing competition from cheaper manufacturers in other Asian origins, especially those with access to cheap energy. “It is impossible to […]
Sri Lanka power fails island wide
Dec 07, 2007 (LBO) – Sri Lanka’s national power system failed shortly before dawn Friday, plunging the island in darkness as a thermal generator tripped out of the grid, officials said. A combined cycle thermal power plant at Sri Lanka’s state-owned Ceylon Electricity Board’s (CEB) Kelanitissa thermal generation complex had tripped at 4.48 am local […]
Forewarned
Dec 07, 2007 (LBO) – Sri Lanka’s private sector credit is slowing but lenders should tighten standards and improve risk management as interest rates continue to rise, the Central Bank has warned. In a report on the island’s financial sector stability, the regulator said private sector credit has grown around 24-26 percent in the first […]
Union Outlook
Dec 07, 2007 (LBO) – Fitch Ratings Sri Lanka has lifted Union Bank of Colombo’s outlook on its BB + (lka) rating to ‘positive’ from ‘stable’ citing an asset quality improvement. “The recent equity injections and the benefits expected, specifically to profitability and scalability of the bank’s business is reflected in the revision of the […]