Category: Industry
Sri Lanka John Keells in deal to buy three Confifi hotels
Oct 04, 2007 (LBO) – Sri Lanka’s John Keells Holdings announced a take-over of three Confifi group hotels Thursday, paying for the deal with the stock of its leisure division. Meanwhile in the broader market, the All Share index closed up 0.45 percent at 2,589.7 points and the more liquid Milanka Index 0.31 percent at […]
Female Flyers
Oct 03, 2007 (LBO) – Sri Lanka may boast of having had the world’s first woman prime minister and her daughter as the island’s first female president, but few women have made a career in aviation. The country’s first female military pilot flew Spitfires in World War 2 but an attempt by a young woman […]
Sri Lanka wants Atapattu back for Australia
Oct 3, 2007 (AFP) – Sri Lanka’s former captain and opening batsman Marvan Atapattu is set to make a comeback after being overlooked for the World Cup, chief selector Asantha de Mel told AFP here Wednesday.“We want Sanath only in the one-day team,” he said. “We need his experience in Australia. He has the technique […]
Sri Lankan Airlines push weekly Indian flights to 99
Oct 03, 2007 (LBO) – SriLankan Airlines announced Wednesday it will launch services to Coimbatore on October 29, pushing weekly flights to India to 99. The airline is now flying 95 frequencies a week to 11 destinations in India. “SriLankan Airlines has positioned Colombo as the gateway to India, and we are continuously increasing our […]
Hutch Million
Oct 03, 2007 (LBO) – The Sri Lanka unit of Hutchison Telecom has passed one million users and the firm is planning to the double the size of its network over the next year, the company said. The firm which has carved a growing niche in giving affordable services largely through pre-paid services. œWe believe […]
Easy Connections
Oct 02, 2007 (LBO) – Sri Lanka Telecom (SLT) has signed up PC House, an IT firm, to package broadband connections with its computers, the telecommunications provider said. “Through this initiative SLT will be able to offer Broadband products to its customers via 41 PC House branches including North and East in addition to SLT […]
Sri Lanka stars join Twenty20 league in India
NEW DELHI, Oct 1, 2007 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan and skipper Mahela Jayawardene have signed up for the new Twenty20 league in India next year, the cricket board said Monday.The two stalwarts head a list of eight Sri Lankan players who have penned deals with the Board of Control for Cricket […]
Cricket: Maharoof bowls Sri Lanka to victory
DAMBULLA, Sri Lanka, Oct 1, 2007 (AFP) – Farveez Maharoof grabbed four big wickets as Sri Lanka posted an emphatic 119-run victory over England in the opening one-day international here on Monday. The seamer dismissed Kevin Pietersen, Ian Bell and debutant Phil Mustard in his opening four overs as England were bowled out for 150 […]
” aviation project
Oct 01, 2007 (LBO) – Sri Lanka is planning to revive an initiative to encourage civil aviation and aerial sports in the island after security restrictions resulting from an internal conflict all but killed the industry. Likewise, he added, hang gliders can fly at a top speed of 30 miles an hour and not higher […]
Split Profits
KUALA LUMPUR, Oct 1, 2007 (AFP) – Telecommunications giant Telekom Malaysia on Monday saw its share price jump by 11.3 percent in morning trade after the company announced a plan to split its mobile and fixed-line business. At 11:45 am (0345 GMT), Telekom Malaysia shares rose 1.10 ringgit to 10.80 (3.18 dollars) on the Kuala […]
Health Injection
Oct 01, 2007 (LBO) – Aureos South Asia Fund (ASAF) has invested five million dollars in an Apollo hospital in Bangladesh, the South Asian focused investment fund said. The Bangladesh Taka 343 million injection goes to STS Holdings, which owns the Apollo Hospital in the country. The investment will boost STS Holdings’ plans for further […]
BPO Game
BANGALORE, India, Sept 30, 2007 (AFP) – India remains the favoured technology outsourcing destination, an industry report said Sunday, amid concerns a rising rupee and soaring wages would blunt the country’s competitive edge. Pure-play outsourcing firms account for about 10 percent of the 50 billion dollars in revenue logged in the year ended March by […]