Category: Industry
Sri Lanka wildlife park no go zone for Britons
Nov 14, 2007 (LBO) – Britain has advised its citizens not to travel to the popular Yala wildlife park in southern Sri Lanka after a spate of killings and explosions suspected to have been carried out by Tamil Tiger guerrillas. “We advise against all travel to Yala National Park,” a travel advisory issued by Britain’s […]
Bank Number
Nov 14, 2007 (LBO) – Sri Lanka’s National Development Bank (NDB) net profit for the September rose 45 percent to 298 million rupees, with a deferred taxation adjustment helping counter higher provisions for bad loans. Total group income for the quarter increased to 2.6 billion rupees from 1.7 billion rupees, according to interim results filed […]
Fresh Start
Nov 14, 2007 (LBO) – One of the youngest stockbrokering firms in Sri Lanka, which started as a unit of the First Capital Group is now operating as an independent entity as a with the group selling out its stake. First Capital Equities is formally changing its name to First Guardian Equities from today, the […]
Sri Lanka to take action against Marvan after second test
Nov 13, 2007 (LBO) – Sri Lanka would take action against batsman Marvan Atapattu after the second test with Australia, a top official said. Sri Lanka Cricket interim chief Jayantha Dharmadasa told LBO that the decision was taken Monday. Atapattu was quoted by the media as saying that Sri Lanka’s cricket selectors were a “set […]
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. […]