Category: Industry
Pakistan beat Australia by six wickets
JOHANNESBURG, Sept 18, 2007 (AFP) – Captain Shoaib Malik and Misbah-ul Haq put on a century partnership as Pakistan stunned Australia by six wickets in the Twenty20 world championships here on Tuesday. The pair put on 119 off 78 balls for the unbroken fifth wicket to help their team recover from 46-4 and surpass Australia’s […]
Telco Suit
Sept 19, 2007 (LBO) – Sri Lankan fixed wireless operator Suntel, a unit of Sweden’s Telia, has said net profit for the first half ending June 2007 was up seven percent to 311 million rupees. Revenue rose to 3.6 billion rupees from 3.3 billion rupees in the first half of 2006 In a statement accompanying […]
Cartel Curbs
Sept 18, 2007 (LBO) – India’s Competition Commission is moving against an alliance of shipping lines which control most of the cargo shipped from south Asia, including Sri Lanka, to Europe but which shippers have accused of acting like a cartel. The India-Pakistan-Bangladesh-Ceylon Conference (IPBCC), one of the oldest shipping conferences in the world, controls […]
Global Cover
Sept 19, 2007 (LBO) – Sri Lankans traveling abroad can apply for international health insurance introduced by Aviva Insurance that will cover the cost of medical care abroad, officials said Wednesday. The insurance plans offered by Aviva’s local partner Eagle Insurance go up to two million dollars in annual coverage. They cover health costs whether […]
Travel Services
Sept 19, 2007 (LBO) – Nations Trust Bank said Wednesday it remains the sole issuer of American Express credit cards and other travel services despite the sale of the latter’s international banking subsidiary to Standard Chartered PLC. American Express Company has announced that it has sold its subsidiary, American Express Bank Ltd. (AEB), to Standard […]
Mobile Deal
Sept 18, 2007 (LBO) – Bharti Airtel Lanka, a unit of India’s Bharti Airtel Tuesday announced a 150 million dollar alliance with China’s Huawei Technologies Co. to build and manage its mobile network. “We’d like to share infrastructure with other operators. We’d like to maximise the terms of sharing. We believe sharing is the way […]
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 […]