Category: Industry
Sri Lanka in trouble against Aussies
HOBART, Australia, Nov 19, 2007 (AFP) – Sri Lanka hit early trouble in their chase for an improbable 507 runs to win the second cricket Test and square the series with Australia at Bellerive Oval on the fourth day here Monday.Jaques was chasing his third consecutive century against Sri Lanka in the series.The tourists began […]
‘s double strike gives Aussies winning scent
HOBART, Australia, Nov 19, 2007 (AFP) – Brett Lee undermined Sri Lanka’s hopes of chasing down a history-making 507 runs against Australia in the second cricket Test with two crucial wickets late on the fourth day here Monday.The pace spearhead lured Marvan Atapattu into a trap for his favoured hook shot and then bowled first-innings […]
Fashion Queen
Nov 19, 2007 (LBO) – British fashion queen Jane Shepherdson is planning a new venture, the former Topshop brand director said on a visit to Sri Lanka, which is fast becoming a centre for high-end apparel manufacture. “I™m planning to start a new business soon, that is all I can say, she told LBO. Shepherdson […]
Lite Ceiling
Nov 19, 2007 (LBO) – The piercing of the sovereign ceiling by a Sri Lankan telco has raised hopes of better credit ratings for the country’s top companies, which have been saddled with junk ratings due the parlous state of the government’s own finances. Last week, S&P upgraded the credit rating of Sri Lanka Telecom […]
Tele Rating
Nov 19, 2007 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s BB- rating with a negative outlook and its AAA (lka) national rating with a stable outlook, the agency said Monday. “SLT’s ratings reflect the company’s strong positive free cash flow generation, its strong and improving financial profile and entrenched market position,” the rating […]
Sri Lanka all out for 246 in second Test
HOBART, Australia, Nov 18, 2007 (AFP) – Sri Lanka were all out for 246 in reply to Australia’s first innings 542 for five declared late on the third day of the second cricket Test at Bellerive Oval here Sunday. Even though Australia held a 296-run lead on the first innings, skipper Ricky Ponting decided to […]
‘s mixed feelings after Test hundred
HOBART, Australia, Nov 18, 2007 (AFP) – Skipper Mahela Jayawardene produced one of his great fighting innings for his first century against Australia but has mixed feelings after another poor Sri Lankan batting display here Sunday.The gifted 30-year-old right-hander defied the Australian bowlers to post a resilient 104 as Sri Lanka crumbled to be all […]
Smoke Policy
Nov 18, 2007 (LBO) – Sri Lanka would tighten environmental protection regulations next year with vehicle emissions being a key target of the authorities, officials said. Sri Lanka also started to heavily subsidize fuel from 2004 sending the wrong price signals to the economy. Earlier this week the government launched a vehicle emission testing program […]
Gilchrist hits 100th Test six for dominant Aussies
HOBART, Australia, Nov 17, 2007 (AFP) – Adam Gilchrist blazed his way to 100 Test sixes as Australia plundered Sri Lanka’s bowlers for another 500-plus innings declaration. Later he made a plea for the person in possession of the ball which brought up his 100th Test six at Bellerive Oval here Saturday to return it […]
Head Above
Nov 17, 2007 (LBO) – Standard & Poor’s (S&P) has upgraded Sri Lanka Telecom’s foreign currency rating to ‘BB-‘, the rating agency said, though the country sovereign ceiling is still at ‘B+’. “¦there is a relatively material probability that the issuer would still be able to service its foreign currency obligations, even if the sovereign […]
News agencies end Sri Lanka- Australia cricket coverage boycott
HOBART, Australia, Nov 16, 2007 (AFP) – Global news agencies ended a boycott of Australian cricket Friday after striking an agreement with the sport’s governing body that allows their photographers and reporters to cover matches.The agencies will immediately begin coverage of the second Test against Sri Lanka, which started in Hobart on Friday, in which […]
Australia tigthened grip over Sri Lanka; Jaques, Hussey hit repeat centuries
HOBART, Australia, Nov 16, 2007 (AFP) – Phil Jaques and Mike Hussey scored back-to-back Test centuries as Australia took a vice grip on the second cricket Test with Sri Lanka after the opening day’s play at Bellerive Oval here Friday. Australia named an unchanged side while Sri Lanka recalled Lasith Malinga and fit-again Kumar Sangakkara, […]