Category: Industry
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, […]
Operating Rules
Sept 10, 2007 (LBO) – Sri Lanka’s Central Bank plans to enforce tough new mandatory rules next year that include provisions to encourage ‘whistleblowers’, linking executive pay to performance and discouraging the practice of inter-locking directorates. The new corporate governance rules seek to separate the functions of the chairman, who must be one of the […]
Hafeez helps Pakistan stun Sri Lanka
JOHANNESBURG, Sept 9, 2007 (AFP) – Pakistan warmed up for the Twenty20 world championships with a five-wicket win over World Cup finalists Sri Lanka in a practice match here on Sunday.The world championships open on Tuesday with hosts South Africa battling the West Indies at the Wanderers here. Mohammad Hafeez led the way with an […]
Home Truths
Sept 09, 2007 (LBO) – Trade analysts say that Sri Lanka should make the most of existing trade deals like the Bay of Bengal Initiative before negotiating more bilateral and multilateral agreements. Japan has played a big role in enhancing Sri Lanka™s infrastructure and is a major investment partner in the services sector. Sri Lanka […]
Changing Fortunes
September 09 (LBO) – Thanuja was orphaned at a very young age. She started to study the art of making coir products at the village Kohu Samithiya, or coir association from the time she was 17 years old. Realizing that she had a knack for it, she decided to strike out on her own. Unbankable […]
Sri Lanka President wants latest cricketer retirement probed
Sept 8, 2007 (AFP) – Sri Lanka President Mahinda Rajapakse has asked the country’s sports minister to investigate all-rounder Upul Chandana’s hasty retirement. “The president asked me to go into the reasons which led Chandana to announce his retirement,” Gamini Lokuge told AFP Saturday. Lokuge said he would invite Sri Lanka Cricket (SLC) officials and […]
Sri Lanka, India to discuss new cricket league
Sept 8, 2007 (AFP) – A top Sri Lankan cricket official will attend a meeting of the Indian Cricket Board next week to discuss a new league being floated to counter a controversial rebel series. “We have been asked to come and I will represent Sri Lanka Cricket,” Sri Lanka Cricket (SLC) President Jayantha Dharmadasa […]
Sri Lanka eco-lodge on track for global award
Sept 08, 2007 (LBO) – A Sri Lankan eco-lodge built in the shape of an elephant has been nominated for a top slot at the World Travel Awards, its operators said. KumbukRiver, in Okkampitiya in the Buttala area is about 250 kilometres away from the capital Colombo and are among the eight lodges nominated for […]
Djokovic and Ferrer set up US Open semi
NEW YORK, Sept 6, 2007 (AFP) – Serb shot-maker Novak Djokovic and Spanish grafter David Ferrer on Thursday set up a US semi-final showdown for a possible challenge to top seed and defending champion Roger Federer.Dvkovic, the 20-year-old revelation of the year, showed remarkable composure in defeating Spanish veteran Carlos Moya 6-4, 7-6 (9/7), 6-1. […]
Freight Brand
Sept 07, 2007 (LBO) – Sri Lanka’s Hayleys conglomerate is setting up its own freight forwarding operation under a new brand name in India after parting company with its joint venture Indian partner, company officials said. “We’re doing it on our own without any partnership,” an official said. “We’re setting up a new operation – […]