Category:
Sri Lanka bowling star Malinga too hot for Scots
LONDON, July 13, 2011 (AFP) – Sri Lanka fast bowler Lasith Malinga ensured the islanders tour of Britain ended on a winning note as he took five wickets in a 183-run one-day international rout of Scotland here on Wednesday. Beaten in both Test and one-day series by England, the World Cup finalists proved too strong […]
Customs Inspection
July 13, 2011 (LBO) – Sri Lanka’s Customs department plans to speed up cargo clearance by automating documentation and introducing systems to screen only high and medium-risk shipments, an official said. Under the new system, when customs is ready to release cargo the department will notify the port authorities electronically so they can release the […]
Sri Lanka tourist arrivals up 20-pct in June: data
July 13, 2011 (LBO) – Tourist arrivals to Sri Lanka rose 19.9 percent in June to 53,636 with the Middle East and Asia driving growth and Western Europe flattening, data from the tourism promotion office showed. Visitors from South Asia rose 22.1 percent to 18,431 with India rising 12,927 and Maldives rising 12. 8 percent […]
‘s low productivity seen eroding tea competitiveness
July 13, 2011 (LBO) – Labour productivity on Sri Lankan tea estates has to be improved if regional plantations companies are to survive and afford wage hikes in future, industry officials said. Lalith Obeysekere, chairman of the Planters’ Association which represents regional tea plantations companies, said the island’s tea estates had higher production costs and […]
Language Space
July 13, 2011 (LBO) – A view that Sri Lanka’s information technology and business process outsourcing industry needs only workers who are fluent in English is a “fallacy” the head of a firm catering to the European market said. Mano Sekeram, chief executive of Eurocentre, a software engineering firm said, in most countries with which […]
Mobile Momentum
July 13, 2011 (LBO) – Sri Lanka Telecom is to invest five billion rupees in its mobile phone subsidiary for modernisation and expansion, a stock exchange filing said. “This investment will be on a staggered basis and is expected to be made within a period of six months,” SLT said. The investment will be for […]
” causes upset
MUMBAI, July 13, 2011 (AFP) – Bollywood superstar Aamir Khan’s new film has been a hit at the box office but has also led to protests and even a court case against its dialogue and content, which critics say is vulgar and offensive. The screwball comedy “Delhi Belly”, starring the actor-producer-director’s nephew Imran Khan, revolves […]
Sri Lanka to revive export show after end of war
July 13, 2011 (LBO) – Sri Lanka is to revive an international export exhibition after 15 years to promote the island’s exports and attract foreign investments after the end of its 30-year ethnic war. The event is being organised by the Export Development Board responsible for promoting exports during March 28 – 30, 2012 at […]
Sri Lanka Treasuries yields steady
July 12, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at this week’s auction with the 3-month yield flat at 7. 11 percent, the government’s debt office said. The government sold 1.0 billion rupees in 3-month bills, 6. 6 billion in 6-month bills and 7.8 billion in 12-month bills. The 6-month yield slipped 02 […]
Sri Lanka stocks down 1.5-pct
July 12, 2011 (LBO) – Sri Lanka stocks slumped again Tuesday, dropping 1.54 percent amid continued forced selling with Softlogic Holdings falling below its Initial Public Offer (IPO) price on its trading debut. The main All Share Price Index closed at 6,663.64, down 1.54percent (103.95 points) while the more liquid Milanka index fell 1.76 percent […]
Cruise Call
July 12, 2011 (LBO) – A cruise liner service between India and Sri Lanka that was to start in early July 2011 has been delayed as government approvals are being awaited, an official said. Ceyline has tied up with Chennai-based AMET Shipping to operate a cruise ship between Chennai and Trincomalee that was also to […]
Sri Lanka agro chemical firms forecast pesticide shortfalls
July 12, 2011 (LBO) – A group of agro firms have warned that Sri Lanka may run short of pesticides for the next growing season unless a controversy over the presence of arsenic is resolved quickly with independent testing. ‘Croplife Sri Lanka’ an industry grouping representing 26 agro chemical firms said arsenic is not an […]