Category:
Giant Vessel
SEOUL, January 20, 2014 (AFP) – South Korean shipbuilder Hyundai Heavy Industries said Monday it had started construction on a Chinese order for the world’s largest container ships.China Shipping Container Lines (CSCL) awarded the contract for the five vessels — each with a capacity of 18,400 TEU (20-foot equivalent unit) container boxes — to Hyundai […]
Sri Lanka US$7.8mn resort opens
Jan 20, 2014 (LBO) – A 96-room hotel built with an investment of 7.8 million US dollars has opened in Sigiriya in central Sri Lanka. The Aliya (elephant in Sinhalese language) Resort & Spa, is constructed on a 22-acre area to blend with villages in the area, Sri Lanka’s economic development ministry said after minister […]
Broad Expansion
Jan 20, 2014 (LBO) – Sri Lanka Telecom said it had expanded broadband service coverage by deploying fourth generation wireless technology to areas that are not served by its wired network.From January data volumes on all broadband packages had been increased. SLT provides broadband services through ADSL (assymetrical-digital-subscriber-lines), fibre to home and now through 4G […]
Pakistan push Sri Lanka hard for series-levelling win
SHARJAH, January 19, 2014 (AFP) – Pakistan grabbed the prized wicket of Mahela Jayawardene to press their advantage for a series-levelling win over Sri Lanka in the third Test in Sharjah on Sunday. Earlier, Pakistan were bowled out for 341 in their first innings, 87 short of Sri Lanka’s first innings total of 428 for […]
Access
OSLO, January 18, 2014 (AFP) – Most books published in Norway before 2001 are going online for free thanks to an initiative that may have found the formula to reconcile authors with the web.At a time when the publishing world is torn over its relationship to the Internet — which has massively expanded access to […]
Obituary
Jan 19, 2014 (LBO) – R B Ekanayake, an information communications technology industry veteran who was has contributed in key ways to automating Sri Lanka’s banking sector has passed away.He had been President of Sri Lanka’s Association Professional Bankers had as received the award for the ‘Most Outstanding Contribution to the Banking Sector.‘ Ekanayake was […]
Cricket: Shehzad hits hundred but Pakistan toil for runs
SHARJAH, January 18, 2014 (AFP) – Opener Ahmed Shehzad scored a maiden century but Pakistan toiled for runs in their bid for a series-levelling win against Sri Lanka in the third and final Test in Sharjah on Saturday. The 22-year-old right-hander made 147 in only his second Test as Pakistan scored 291-6 at close on […]
Merger Path
Jan 18, 2014 (LBO) – Sri Lanka’s banks and well managed larger non-bank lenders will be encouraged to swallow up to three second tier firms with tax breaks and cheaper financing, a plan released by the banking regulator said.A presentation by Sri Lanka’s Central Bank Governor Nivard Cabraal made to the financial industry has asked […]
IMF rep, UN staff among 14 killed in Kabul restaurant attack
KABUL, January 18, 2014 (AFP) – Taliban suicide attackers killed at least 14 people, including the IMF representative in Afghanistan and three UN staff, in a terrifying gun and bomb attack on a Kabul restaurant popular with foreigners.One attacker blew himself up outside the Taverna du Liban in the upmarket Wazir Akbar Khan neighbourhood Friday […]
Cricket: Perera, Mathews miss hundreds as Sri Lanka foil Pakistan
SHARJAH, January 17, 2014 (AFP) – Dilruwan Perera missed a century on his debut while skipper Angelo Mathews fell for 91 as Sri Lanka frustrated Pakistan in the third and final Test in Sharjah on Friday.Perera (95) and Mathews made life difficult for Pakistan through their 112-run seventh wicket stand before Sri Lanka declared their […]
Sri Lanka mass grave count hits 36
COLOMBO, January 17, 2014 (AFP) – Forensic experts have discovered more bodies in an unmarked mass grave in Sri Lanka’s former war zone, raising the total to 36, an official said Friday. A team led by judicial medical officer Dhananjaya Waidyaratne found four more skeletons Thursday in the first mass grave uncovered since troops defeated […]
Sri Lanka interest rates tighter ahead of dollar inflow
Jan 17, 2014 (LBO) – Sri Lanka’s overnight market rates and medium term bond yields picked up slightly ahead of an expected liquidity flood from a sovereign bond sale, dealers said. A 2-year bond maturing on 01 April 2016 quoted at 7.80/8.00 percent had eased from around 8.00/8.10 percent last week. But a 3-year 01 […]