Category: Industry
Sri Lanka media hit by Australian agency blackout; fears of anti-Murali conspiracy
Nov 13, 2007 (AFP) – Sri Lanka fears missing out on hero Muttiah Muralitharan’s feat of becoming the greatest ever wicket taker in Test cricket because of an ongoing dispute over media access. Master spinner Muralitharan needs just seven wickets to overtake retired Australian and fellow spinner Shane Warne’s world record tally of 708. Muralitharan […]
Sri Lanka power firm warns of time lag
Nov 13, 2007 (LBO) – A power investor says it may take more than two years to set up a thermal plant if it was given the go ahead now, after Sri Lanka’s power minister said the state electricity utility was seeking additional capacity. . “If we were given the go ahead now, it may […]
One Solution
Nov 13, 2007 (LBO) – Iran’s Mammut group has tied up with Sri Lanka’s Mod-Tec trading company to provide infrastructure services to the island’s wireless telecom operators, senior company officials said. Mammut provides a broad range of turnkey solutions, from land acquisition, architectural designs, construction, and electronic service implementation to training of individuals and maintenance. […]
Steady Course
Nov 12, 2007 (LBO) – Sri Lanka Seylan Bank group’s after tax profits increased 41.4 percent in the third quarter ending in September while turnover grew by 27.3 percent with a relatively flat loan growth. Group net profit after tax grew to 150.7 million rupees in the three months ended September 2007 from 106.6 million […]
Guarantee Game
Nov 12, 2007 (LBO) – Loan guarantees given by the Sri Lanka government to financial institutions shot up 45 percent in 2007 as the state took over credit risks of large power projects, newly published documents have revealed. Disclosures under Sri Lanka’s fiscal responsibility law shows that total loan guarantees given to financial institutions are […]
” remark
Nov 11, 2007 (AFP) – Sri Lanka’s chief selector Asantha de Mel on Sunday declined to comment after being called a “joker” by senior batsman Marvan Atapattu during the ongoing opening Test in Australia. “I do not want to comment and I want to ignore his comments. All that I am keen as the chief […]
Sri Lanka asks Australia to end Test blackout
Nov 11, 2007 (AFP) – Sri Lanka’s cricket governing body Sunday asked their counterparts in Australia to end the lock out of international media from the ongoing Test series between the two nations. The conditions imposed on photographers and journalists applying for credentials to cover cricket raise grave concerns about press freedom, the agencies said. […]
Scotland wins 2014 Commonwealth Games at Sri Lanka parley
Nov 9, 2007 (AFP) – Glasgow on Friday convincingly clinched the 2014 Commonwealth Games, shattering Nigeria’s hopes of being the first African nation to host the event. Scotland’s biggest city won by 47 votes to 24 for its only rival, Abuja, at the Commonwealth Games Federation annual assembly in Sri Lanka, president Mike Fennell announced. […]
Savings Giant
Nov 09, 2007 (LBO) – Fitch Sri Lanka has affirmed the National Savings Bank’s (NSB) ‘AAA(lka)’ rating with a stable outlook, but said high taxes and narrower margins were eroding profitability. “The rating reflects the full state ownership of the bank, low credit risk on its assets due to its significant exposure to government securities […]
Cricket Australia slammed over row with agency lockout through Sri Lanka Test
BRISBANE, Australia, Nov 9, 2007 (AFP) – Australia cricket’s governing body came under fire Friday for imposing restrictions that have locked global news agencies out of the opening Australia-Sri Lanka cricket Test in Brisbane. “And with the Indian team arriving later this summer, backed by the world’s largest cricket audience, it would be a disaster […]
Commonwealth games decision in Sri Lanka today
Nov 9, 2007 – The Commonwealth Games Federation general assembly will vote Friday to decide whether Abuja of Nigeria or Scotland’s Glasgow hosts the 2014 games, officials said. Abuja and Glasgow will get a final opportunity to sway voters when they each make a 30-minute presentation and answer questions during a 10-minute period just before […]
Sri Lanka to buy 200MW of private power
Nov 09, 2007 (LBO) – Sri Lanka will shortly call for the supply of 200MegaWatts of private power to bridge an energy deficit until a coal plant comes on stream, officials said. Energy Minister John Seneviratne told LBO that the cabinet of ministers had given the nod to call for proposals from existing independent power […]