Category: Industry
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 […]
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 […]
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 […]
Upturn
Dec 13, 2007 (LBO) – Sri Lanka saw more foreign visitors in November with Western Europe, a key generating market rallying 40 percent to drive total arrivals up by 20 percent, the tourism promotion office said. Arrivals from UK grew 53 percent to 7,938, Germany 24 to 4,005 while the Netherlands grew 85 percent to […]
Equity Injection
Dec 13, 2007 (LBO) – Sri Lanka’s Nations Trust Bank is making a one billion rupee cash call sweetened with warrants, giving an option to buy into the bank at a fixed price in 2010 and 2011, the company said Thursday. NTB has 31 branches, 8 leasing centers, 38 teller machines and issues American Express […]
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 […]
‘s progress in second Test
Dec 12, 2007 (AFP) – Sri Lankan captain Mahela Jayawardene missed a double century by five runs as England fought back on the fourth morning of the second Test here on Wednesday. Sri Lanka, replying to England’s first innings total of 351, crashed from their overnight score of 379-4 to 439-7 by lunch, a lead […]
Sri Lanka planning to name stadium after Murali
Dec 12, 2007 (AFP) – The Sri Lankan venue where Muttiah Muralitharan shattered the world bowling record could be re-named after the prolific off-spinner, the country’s sports minister said on Wednesday.Gamini Lokuge said he will ask the authorities that control Kandy’s Asgiriya stadium to re-name the ground after Sri Lanka’s most famous cricketer. “Asgiriya belongs […]