Category: Industry
Reality Time
Sept 18, 2007 (LBO) – Bad debts in Sri Lanka’s banks are rising and loan to deposit ratios are deteriorating as the lagged effects of a credit bubble driven by loose monetary policy are beginning to be felt, the latest emerging data shows. Loan growth last year was 29 percent and has slowed slightly to […]
Sri Lanka Jayasuriya sets bowling record as Pakistan scores big win
ayasuriya on receiving end as Pakistan crush Sri Lanka by Chris Otton =(PICTURE)= ATTENTION – UPDATES at end of match /// JOHANNESBURG, Sept 17, 2007 (AFP) – Big-hitting Sanath Jayasuriya suffered a taste of his own medicine, brutalised by Pakistan’s batsman as Sri Lanka lost by 33 runs in a World Twenty20 Super Eights match […]
England call up Mustard for Sri Lanka tour
LONDON, Sept 18, 2007 (AFP) – Durham wicket-keeper Phil Mustard has been drafted into England’s one-day squad for the upcoming tour of Sri Lanka as a replacement for the injured Matt Prior.The uncapped 24-year-old got the nod ahead of Tim Ambrose, James Foster and Chris Read on the strength of his recent batting record. He […]
England captain in strip club row
DURBAN, South Africa, Sept 18, 2007 (AFP) – England captain Paul Collingwood on Tuesday apologised for visting a strip club a night before an important tie in the Twenty20 world championships. The tabloid ‘The Sun’ reported on Tuesday that Collingwood accompanied friends to a lap dancing club in Cape Town on Saturday night ahead of […]
Sri Lanka placed third in Twenty20 by online punters
Sept 17, 2007 (AFP) – Ricky “Punter” Ponting’s Australians are strong favourites in the online gambling world to win the ongoing Twenty20 World Championships in South Africa.Australian paceman Brett Lee, who claimed a hat-trick against Bangladesh on Sunday, remains favourite with the ball, with paddypower.com rating him at 11-1 and popular Sri Lankan paceman Lasith […]
New Zealand defeat India, Vettori bags 4 wickets
JOHANNESBURG, Sept 16, 2007 (AFP) – Captain Daniel Vettori led from the front as New Zealand brushed aside India by 10 runs in the Super Eights match of the Twenty20 world championships on Sunday.New Zealand next play England on Tuesday and India take on England on Wednesday, both matches taking place at the Kingsmead in […]
Slow Band
Sept 16, 2007 (AFP) – Home to some 1.5 billion people, South Asia is paying a high price to access the Internet as service providers have been slow to deliver cheaper broadband connections, analysts say. The region has embraced telephones, mobile phones and computers and India has a flourishing software and outsourcing industry, noted industry […]
Medical Moves
Sept 16, 2007 (LBO) – Sri Lanka’s newest hospital firm, a part of the Hemas group, is raising capital via a private placement, with their first hospital on track to be opened next year. Hemas Holdings Ltd is one of Sri Lanka’s top conglomerates with a focus on five key sectors – FMCG, Healthcare, Transportation, […]
Australia bounce back to crush England
CAPE TOWN, Sept 14, 2007 (AFP) – Australia bounced back from the embarrassment of defeat against Zimbabwe to crush England by eight wickets in a World Twenty20 match at Newlands on Friday. Flintoff and Owais Shah both hit sixes off off-spinner Andrew Symonds in the space of three balls but both fell in quick succession […]
‘s smashing Jayasuriya crushes New Zealand
JOHANNESBURG, Sept 15, 2007 (AFP) – Sanath Jayasuriya hit a second successive half-century as Sri Lanka warmed up for the next round of the Twenty20 world championships with a seven-wicket romp over New Zealand here on Saturday. The veteran left-hander, who made 88 off 44 balls against Kenya on Friday, blasted 61 off 44 as […]
Network Track
Sept 15, 2007 (LBO) – Sri Lanka is on track to complete computer networking of 200 government offices, the state information technology agency said. The Lanka Government Network project hopes to connect 325 ministries, departments, provincial councils, district and divisional secretariats by the year-end the ICT agency said. The ICTA has also developed High-level Information […]
Open Call
Sept 15, 2007 (LBO) – India’s envoy in Sri Lanka urged the island’s business community to overcome reluctance to open the services sector in trade talks between the two countries, especially the movement of people. . India’s economic growth was accelerating faster than had been forecast, creating skills shortages that Sri Lankan companies were well […]