Category: Industry
Mobile Medicine
Sept 12, 2007 (LBO) – A service to channel doctors via mobile phones has won an international technology and customer service award, the ICT firms that run it in Sri Lanka said. EChannelling a listed company that started a web-based medical appointment service and Sri Lanka’s largest celco, Dialog Telekom had won the Innovative Technology […]
Monkey Bridge
NEW DELHI, Sept 12, 2007 (AFP) – Thousands of right-wing Hindus launched protests across India Wednesday against a plan to create a sea lane which they say would destroy the links between a revered string of islands. The half-billion-dollar project would allow ships to travel around the southern tip of India without having to skirt […]
New High
VIENNA, Sept 11, 2007 (AFP) – OPEC exporters agreed Tuesday to pump an extra 500,000 barrels of oil a day to cool near-record crude prices, in a victory for Saudi Arabia over its reluctant partners.Analysts said that while the gesture would ease fears about a supply crunch heading into the northern hemisphere winter, the peak […]
Hedging Game
Sept 11, 2007 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation, has started to hedge oil imports with positive initial results, an official said. LIOC expects oil prices to ease towards the latter part of the year. “We have started to hedge imports in a cautious manner,” Lanka IOC managing […]
Sri Lanka team wins Spirit of Cricket Award
JOHANNESBURG, Sept 10, 2007 (AFP) – Winners of the International Cricket Council (ICC) awards for 2007 which were presented at the Sandton Convention Centre here on Monday night: Cricketer of the Year: Ricky Ponting (AUS) Other nominees: Shivnarine Chanderpaul (WIS) Kevin Pietersen (ENG) Mohammad Yousuf (PAK) Test Player of the Year: Mohammad Yousuf (PAK) Other […]
Country Head
Sept 11, 2007 (LBO) – Bhart Airtel has appointed Olof Haag, a former Ericsson executive, as the country head for Sri Lanka, the company said Tuesday. Haag would be the Chairman of Bharti Airtel Lanka (Pvt) Ltd, Sri Lanka’s fifth mobile operator which is due to start operations early in 2008. “I am confident that […]
Cancer Therapy
Sept 11, 2007 (LBO) – Diversified company Ceylinco Sri Lanka opened its health centre, equipped with Sri Lanka’s first linear accelerator to deliver modulated radiation therapy for cancer patients, Tuesday. “Each year, around 11,000 patients are identified having cancer in Sri Lanka. At least half of the number needs radiation therapy,” Dr Sarath Abeyakoon, medical […]
High Seas
Sept 11, 2007 (LBO) – Sri Lanka’s Mercantile Shipping Company, a ship owner listed on the Colombo bourse, has said higher ship charter rates and chartering of vessels to the government have helped it turn around. The company, whose small fleet was once the island’s biggest, made a net profit of 58 million rupees for […]
Peninsular Supply
Sept 11, 2007 (LBO) – Residents in Sri Lanka’s northern Jaffna peninsular are moving beyond basic needs and are now looking for inputs to revive livelihoods, the top official in charge of supplying the area said Tuesday. S.B. Divaratne, Commissioner General of Essential Services (CGES), said regular shipments by sea to Jaffna had ensured the […]
Swann and Wright selected for Sri Lanka one-day series
LONDON, Sept 10, 2007 (AFP) – England have selected off-spinner Graeme Swann and all-rounder Luke Wright for their forthcoming one-day international tour of Sri Lanka.Paul Collingwood (Durham, capt), James Anderson (Lancashire), Ian Bell (Warwickshire), Ravi Bopara (Essex), Stuart Broad (Leicestershire), Alastair Cook (Essex), Andrew Flintoff (Lancashire), Dimitri Mascarenhas (Hampshire), Monty Panesar (Northamptonshire), Kevin Pietersen (Hampshire), […]
Support Rating
Sept 10, 2007 (LBO) – Fitch Ratings Lanka has confirmed DFCC Vardhana Bank Limited’s (DVB) National Long-term rating at ‘AA-(lka)’ with a stable outlook.“The principal factor supporting DVB’s rating is the strong implied support assumed to be available from its parent DFCC Bank,” Fitch Rating said. “DVB is envisaged to play an important strategic role […]
Finance Rating
Sept 10, 2007 (LBO) – Lanka Rating Agency (LRA) has lowered the outlook of Ceylinco Investments and Realty’s (CIR) long-term BB1 rating from stable to negative. . “The ratings reflect the Company’s weakening asset quality, frail financial performance and low capitalization,” LRA said. “The negative outlook is premised on LRA’s concerns about the escalating interest-rate-environment, […]