Category: Industry
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 […]
Money Trees
Dec 06, 2007 (LBO) – Sri Lanka’s financial and accounting regulators are developing more reliable ways of valuing trees in forestry firms, the Sri Lanka Accounting Auditing Standards Monitoring Board (SLAASMB) said. “When finalized, the guidelines will provide a reliable basis to value biological assets,” the SLAASMB said. “It will provide preparers, auditors and regulators […]
Railway Repair
Dec 06, 2007 (LBO) – Sri Lanka plans to rehabilitate a tsunami-hit coastal railway line at a cost of 167.4 million dollar using an Indian credit line, a minister said. The proposed project that extends the railway line beyond Matara, a town in the southern tip of the island, will be completed within three years, […]
‘s Murali magic downs valiant England
KANDY, Sri Lanka, Dec 5, 2007 (AFP) – Muttiah Muralitharan bowled two magical deliveries when it mattered most to hand Sri Lanka an 88-run win over a fighting England in the first Test here on Wednesday.The off-spinner, who became Test cricket’s most successful bowler in the first innings, got out Matt Prior and Ian Bell […]
‘s Murali put in the dock by Aussie media
Dec 05, 2007 (LBO) – Australia’s Herald Sun newspaper has launched a poll on whether Sri Lanka’s star bowler, Muttiah Muralitharan who this week became the world’s highest Test wicket taker, is a chucker or not. . Click here to go to Murali’s Poll. The paper has announced a poll asking ‘Is Murali’s action legal?’. […]
Mobile Expansion
Dec 05, 2007 (LBO) – Mobitel, a celco owned by fixed operator Sri Lanka Telecom launched its third generation network in the island, saying its existing service was growing so fast it was struggling to meet demand. Studies have shown that household internet penetration to be around one percent, and most connectivity is concentrated in […]
Regional Finance
Dec 05, 2007 (LBO) – Sri Lanka’s Sampath Bank is looking to lend more money in the Maldives with 45 million dollars raised through a syndicated loan arranged by HSBC Bank, officials said. . “We already have a portfolio of about two million dollars in the Maldives,” Samapath Bank chief Anil Amarasuriya said. The bank […]
Australian cricket chief hails Murali
SYDNEY, Dec 4, 2007 (AFP) – Australia’s cricket chief Tuesday brushed aside criticism of Sri Lanka’s record-breaking spinner Muttiah Muralitharan, saying he should be hailed for his “great feats”. Muralitharan, who broke Australian Shane Warne’s world record for most Test wickets by taking his 709th against England in Kandy on Monday, has faced criticism in […]
‘s ton frustrates England in first Test
KANDY, Sri Lanka, Dec 4, 2007 (AFP) – Kumar Sangakkara hit an unbeaten century as Sri Lanka tightened the screws on England in the first cricket Test here on Tuesday. Sri Lanka, resuming after lunch on the fourth day at 292-3, moved to 392-5 in their second innings by tea, an overall lead of 299 […]
Digital Learning
Dec 04, 2007 (LBO) – A Sri Lankan e-learning initiative for rural students is seeking corporate sector support to expand and cover 400 computer centers around the island, its designers said. The Shilpa Sayura project initiated by eFusion, a local software company, is a learning tool for rural students who do not have the necessary […]
M-Waste
Dec 04, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom wants to collect a million old phones and recycle them in the next two years in an initiative that will keep dangerous heavy metals from contaminating the environment, officials said. Phone batteries for example have heavy metals such a lead, nickel and cadmium. Dialog […]
Counter Measures
Dec 04, 2007 (LBO) – Sri Lanka is aware of a campaign to block the renewal of trade concessions for apparel exports into the European Union and the government is taking counter measures, a minister said. “Human rights is just a football in that whole game.” “We’re very well aware of the campaign and the […]