Category: Industry
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 […]
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 […]
Box Profits
Oct 05, 2007 (LBO) – John Keells Holdings’ (JKH) associate South Asia Gateway Terminals (SAGT) has reported record container volume growth in its Colombo port terminal but the facility is nearing capacity, port officials and analysts said. “SAGT will continue to be a cash generating operation but if JKH wants to be a growth story […]
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 […]
Nine killed in fresh Sri Lanka clashes
Oct 4, 2007 (AFP) – At least six Tamil Tiger rebels and three government soldiers were killed in fresh skirmishes in northern Sri Lanka, the defence ministry said Thursday. Fighting erupted at four locations along a de facto border separating the rebel-held territory in the Wanni region Wednesday, the ministry said in a statement. It […]
England 234-8 against Sri Lanka
DAMBULLA, Sri Lanka, Oct 4, 2007 (AFP) – Owais Shah hit a solid half-century under pressure to help England reach a respectable 234-8 against Sri Lanka in the second one-day international here on Thursday.Shah, Collingwood and Swann then batted sensibly to help their team cross the 200-mark. England were struggling at 61-4 after winning the […]
Flying High
Oct 04, 2007 (LBO) – The boom in civil aviation especially in the Asian region is opening up vast opportunities for professionals, especially in engineering, in Sri Lanka, a senior airline official said. Eardley Abayaratna, manager, technical services of the engineering arm of the national carrier Sri Lankan Airlines, said the rapid rate at which […]