Category: Industry
Better Outlook
Dec 18, 2007 (LBO) – Fitch Sri Lanka has lifted the outlook on Edirisinghe Trust Investment’s ‘B+(lka)’ rating to ‘positive’ from stable citing substantial improvements in the in the firm’s operational risk management. . “The company concluded the automation of its systems across all business lines in the six month period ending September 2007,” Fitch […]
Visa Inflation
Dec 17, 2007 (LBO) – Visa fees for Sri Lankans traveling to the United States has increased from 100 US dollars to 131 US dollar, the US embassy in Colombo said. Applicants who have paid the 100 dollar fee before January 01 would be processed until January 31, but if the interview is after that […]
Sri Lanka tourism to lure Indians on a legendary trail
Dec 17, 2007(LBO) – Sri Lanka plans to attract more Indian tourists next year on the trail of a legendary tale where an Indian prince was said to have come to the island to rescue his kidnapped wife, officials said. Sri Lanka’s Tourism Promotion Bureau says Sri Lanka has 34 sites related to the ancient […]
Changes
Dec 17, 2007 (LBO) – Senior central banker P M Nagahawatte would be appointed as chairman of the National Development following the resignation of its long-time chairman, the bank said Monday. S K Wickremesinghe who was chairman of NDB for nine years has resigned with effect from January 01. Sena Yaddehige has been confirmed as […]
Turbulence Strategy
Dec 17, 2007 (LBO) – Sri Lanka’s companies can make money in even the most turbulent times by redefining marketing strategies to get the best results, a senior official of top celco Dialog Telekom’s told a forum of marketers. “Even during a turbulent time, there is an opportunity in brand building,” said Nushad Perera, Dialog […]
Cricket returns to Sri Lanka tsunami-hit stadium
GALLE, Sri Lanka, Dec 16, 2007 (AFP) – England and Sri Lanka will mark one of cricket’s most poignant moments when they contest the third Test at the previously tsunami-ravaged Galle International Stadium from Tuesday. The stadium, situated close to the Indian Ocean in the country’s coastal south, was destroyed by the Asian tsunami in […]
Sri Lanka eye cricket second spot behind Australia
GALLE, Sri Lanka, Dec 15, 2007 (AFP) – Mahela Jayawardene’s Sri Lanka will leapfrog from world number five to second behind Australia if they win the third and final Test against England starting here on Tuesday. A win would give the hosts a 2-0 series success and lift Jayawardene’s men past India, South Africa and […]
Fast Cash
Dec 14, 2007 (LBO) – Western Union has rapidly expanded its money transfer network in Sri Lanka through its tie up with Aitken Spence and is eyeing a bigger share of the three billion dollar foreign remittance market. Company officials said they also want to tap the estimated two billion dollars sent to the island […]
Ranatunga set to head Sri Lanka Cricket
COLOMBO, Dec 13, 2007 (AFP) – Sri Lanka’s World Cup winning captain Arjuna Ranatunga is tipped to head the country’s cricket administration, government sources told AFP on Thursday.Ranatunga, 44, who is a ruling party legislator, could take over as early as Friday when parliament meets for a crucial vote on President Mahinda Rajapakse’s budget for […]
Sri Lanka England Test heads for draw
Dec 13, 2007 (AFP) – England’s batsmen saw off Sri Lanka’s early challenge on the fifth and final day as the second Test headed towards a draw on Thursday. The tourists, needing to bat out the day after trailing by 197 runs on the first innings, carried their overnight score of 48-0 to 152-1 at […]
Sri Lankan seamen institute gears to meet demand for crews
Galle, Dec 13, 2007 (LBO) – A seamen training institute run by Sri Lanka’s Mercantile Shipping Company launched a new lifeboat replacing that damaged by the tsunami, as it prepares to meet booming worldwide demand for crew. The lifeboat christening ceremony was held at the Mercantile Seamen Training Institute in the historic port town of […]
No Scams
December 13, 2007 (LBO) – Organizers of a Sri Lankan advertising award scheme say they would clamp down on ‘scam’ ads, which are especially made to win awards but are not widely placed in media. This year the steering committee of the ‘Chillies 2008’ awards has devised stringent rules to counter such scam ads. According […]