Category: Industry
Murali dilemma for desperate Sri Lanka
Oct 9, 2007 (AFP) – Sri Lanka are mulling over whether to play star spinner Muttiah Muralitharan in the must-win fourth one-day international against England here on Wednesday. The hosts, trailing 1-2 in the five-match series, will be tempted to field the 35-year-old, who has recently recovered from a bicep injury suffered while playing for […]
Building Watchdog
Oct 09, 2007 (LBO) – International audit firm Deloitte Thursday launched its financial advisory services for Sri Lanka’s construction industry which has been growing rapidly in recent years. “We try to help clients in monitoring the quality of work, and to ensure timely and on-budget delivery of their projects,” said Gajanan Sabnis, Senior Manager, Construction […]
” in tourism promotion
Oct 08, 2007 (LBO) – French travel agents are visiting Sri Lanka on a tourism promotion which includes what’s billed as a treasure hunt where they search for clues and discover the island’s hidden charms, the Tourist Board said Monday. Sri Lanka received 559,603 visitors the whole of last year. The visit by over 40 […]
Expensive Road
Oct 08, 2007 (LBO) – A new elevated highway connecting Colombo’s Fort areas with Malabe, a fast developing suburb will cost nearly 40 billion rupees, a Malaysian firm that is charged with studying its feasibility has said. Meanwhile a senior Sri Lankan official said the priority now was to push through a light rail project […]
More Class
Oct 07, 2007 (LBO) – DIMO, distributors of Mercedes Benz in Sri Lanka, says it hopes the newly introduced C-Class will revive sales but notes the increase in interest rates is a concern for the luxury vehicle market. The new C-Class known as W204, is expected to take-over from the old C-Class, the W203, as […]
Marion Jones just the latest in long list of sensational revelations
WHITE PLAINS, New York, Oct 5, 2007 (AFP) – BALCO, the San Francisco lab that peddled performance enhancing drugs to athletes, continues to rock the sports world four years after it became a byword for cheating.Marion Jones, once the golden girl of US athletics, Friday pleaded guilty to lying to a federal agent about her […]
Super Road
Oct 06, 2007 (LBO) – Sri Lanka has asked a Malaysian firm to study the prospects for a highway from the Galle Face area of Colombo to the fast growing suburb of Malabe, PJI Holdings a Kuala Lampur listed firm, has said. This year the government is expected to spend around 170 million dollars on […]
England taste rare one-day success in Sri Lanka
DAMBULLA, Sri Lanka, Oct 4, 2007 (AFP) – Ryan Sidebottom and Stuart Broad shared four big wickets as England ended a 25-year wait with a 65-run win over Sri Lanka in the second one-day international here on Thursday. The pace duo built on man-of-the-match Owais Shah’s superb 82 as England dismissed the World Cup runners-up […]
Bell Profits
Oct 05, 2007 (LBO) – Fixed line telecom operator Lanka Bell posted a 70.1 percent growth in after tax profits for the year ended in March but predicts new fibre optic and WiMax projects will reduce future returns on investment. Lanka Bell, a Harry Jayawardene controlled company, said its turnover soared 70.2 percent to 6.32 […]
Tourist arrivals to Sri Lanka slip 15 percent in August
Oct 05, 2007 (LBO) – Foreign visitors to Sri Lanka slipped 15.5 percent in August while total number of arrivals from January to August this year decreased 22.6 percent, the islands tourist promotion office said. Compared to last August, the arrivals slumped to 44,742 while total arrivals from January to August were down to 313,675 […]
Sri Lanka leisure firm in Maldives shrugs off blast fallout
Oct 05, 2007 (LBO) – John Keells Holdings (JKH), Sri Lanka’s top leisure group which is buying up a rival chain in the island, says its Maldives units are not affected by a recent bombing and is going ahead with re-branding its atoll resorts. The group’s leisure division has just concluded a deal offering to […]
Capital Boost
Oct 05, 2007 (LBO) – Sri Lanka’s state-owned Peoples’ Bank (PB) is on track to get a credit upgrade if its capital is boosted to regulatory requirements, Fitch Ratings Lanka has said after confirming the bank’s A- (lka) rating. The bank was in line to get a billion rupee capital injection from the state in […]