Category: Industry
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 […]
Sri Lanka hopes for tourism recovery with easing of travel advisories
Sept 15, 2007 (LBO) – Sri Lanka is confident of achieving its target of attracting 600,000 tourists this year following the relaxation of travel advisories in key markets, tourist board officials say. “We are confident that this year, looking at the progress we have, we’ll be able to achieve 600,000 tourists for this year,” S. […]
Sri Lanka thrash Kenya for highest T20 total
JOHANNESBURG, Sept 14, 2007 (AFP) – Sri Lanka went on a spectacular run spree to post the highest Twenty20 total of 260-6 in the world championship match against hapless Kenya here on Friday.Veteran Sanath Jayasuriya led the way with 88 off 44 balls and captain Mahela Jayawardene hit 65 off 28 before Jehan Mubarak smashed […]
Bid Probe
Sept 14, 2007 (LBO) – Sri Lanka’s top law official has begun probing a complaint of anti-competitive practices against one of the main bidders to build and operate a container terminal in the planned new deep-draft port next to Colombo, officials said. Hyundai Engineering Construction of Korea made the lowest bid at 36 billion rupees […]
Canal Block
NEW DELHI, Sept 14, 2007 (AFP) – India’s government said Friday it was putting on hold its bid to dredge a crucial shipping lane after being accused of blasphemy by Hindu activists who argue the project will damage a sacred site. The government denied the existence of a Hindu god to justify the project, which […]
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies in the market which is dominated by the US brand Caltex. Sri Lanka’s annual lube market is around 45,000 kilolitres. The new companies to enter the fray […]
” sanctions
PARIS, Sept 13, 2007 (AFP) – McLaren boss Ron Dennis has refused to accept the FIA’s decision to strip his team of their 2007 constructors’ championship points for their involvement in the Formula One spy saga. Formula One’s governing body has also fined the British team 100 million dollars for incorporating illegally obtained Ferrari intellectual […]