Category: Industry
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 […]
Heavy Pull
Nov 15, 2007 (LBO) – Sri Lanka Shipping has announced its tugs have won contracts to tow international rigs on lengthy voyages. One tug has been deployed in the Middle East while another is underway moving a rig from Kakinada in India to Singapore. “Sri Lanka Shipping Co. was contracted to tow the rig ‘Transocean […]
Car Carriers
Nov 15, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is planning a multi-storied car park and special tariffs at the Colombo port to encourage vehicle transshipment from India, an official said.Transshipment of vehicles from India, which is positioning itself as a small-car making hub, has been growing through Colombo. “The Port of Colombo […]
‘s Union Assurance doubles earnings
Nov 15, 2007 (LBO) – Sri Lanka’s Union Assurance said net profit for the September quarter shot up 107 percent year-on-year to 29.6 million rupees. . General and life insurance premiums for the quarter grew by 17 percent to 1.1 billon rupees from 971 million rupees in 2006, according to interim results announced by the […]
Sri Lanka apparel makers design a way up the value chain
Nov 14, 2007 (LBO) – Sri Lanka’s apparel makers are making inroads into design, collaborating closely with international brands to becoming an integral link in the supply chain of a fashionably evolving global industry. Sri Lanka’s top apparel makers stepped into the design stage of garments about five years ago, but are now getting deeper […]