Category: Industry
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 […]
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, […]
Skills Export
Nov 16, 2007 (LBO) – A Sri Lankan construction industry trade mission to the Middle East has managed to secure work in the booming Arabian Gulf construction industry, officials said. The visit to Qatar and Dubai by members of the Chamber of Construction Industries (CCI) was arranged in an effort to export local construction skills […]
Capital Issue
Nov 16, 2007 (LBO) – Sri Lanka’s state-owned Bank of Ceylon (BOC), the main commercial banker to the government, is planning to raise six billion rupees in debt next year to beef up regulatory capital, a top official said. At the rate we are growing the loan book we will have a two billion rupee […]
No Porn
Nov 16, 2007 (LBO) – Sri Lanka’s banks said they would dump customers who paid for child pornography though their services and would also report them to the regulator. The banks said Friday they would have “heightened watchfulness” on credit cards and “other methods of transaction[s] relating to child pornography”. The customers would be reported […]
Forging Ahead
Nov 15, 2007 (LBO) – Commercial Bank of Ceylon has reported a net profit growth of 30 percent to 1.1 billion rupees in the quarter ended September 2007 with foreign exchange earnings almost doubling to 519 million rupees. Total revenues grew 56 percent to 9.4 billion rupees, with net interest income also keeping pace at […]