Category: Industry
Shortcut
March 30, 2007 (LBO) –The Japanese will give 30-year loan to Sri Lanka to build a link highway that will connect the Colombo-Matara to the Colombo-Katunayake expressway a government minister said. The Japanese Bank for International Cooperation will give 21.917 billion yen (19.7 billion rupees) loan to build a 4-lane stretch of the connecting highway, […]
India great Tendulkar should quit, says Ian Chappell
NEW DELHI, March 30, 2007 (AFP) – Former Australian captain Ian Chappell on Friday suggested what millions of Indians had been dreading to hear – the great Sachin Tendulkar should hang up his boots.Chappell, whose younger brother Greg could be sacked as India’s coach next week following the team’s first round exit from the World […]
No More
March 20, 2007 (LBO) –John Keells Holdings has sold its restaurant business in Sri Lanka to a regional franchise holder for an undisclosed sum, the company said Friday. JKH said Keells Restaurants (Private) Limited and Crescat Restaurants (Private) Limited which held the franchises for Pizza Hut and Delifrance in Sri Lanka were sold to Gamma […]
Security cameras may yet yield new clues to Woolmer murder: police
KINGSTON, March 28, 2007 (AFP) – Detectives probing the murder of Pakistan cricket coach Bob Woolmer said Wednesday that better-than-anticipated security video footage could provide vital clues in the hunt for his killer. A painstaking operation to transfer hours of footage from well-worn VHS tape into a digital format has been completed, and early results […]
‘s Malinga creates history downing four wickets in four balls
GEORGETOWN, Guyana, March 29, 2007 (AFP) – Sri Lanka fast bowler Lasith Malinga took four wickets in four balls in the World Cup Super Eight match against South Africa here on Wednesday to become the first man to achieve the feat in the history of international cricket. Malinga dismissed Shaun Pollock, Andrew Hall and then […]
Thank God I am Sri Lankan!
GEORGETOWN, Guyana, March 29, 2007 (AFP) – Sri Lanka wicket-keeper Kumara Sangakkara has told India they they can learn a lot about cricket, life and happiness from their island neighbours. Sri Lanka beat India on their way to the World Cup second round Super Eights. India, meanwhile, crashed out and went home to face the […]
Quick Turnaround
March 29 (LBO) – SriLankan airlines says its emergency procedures allowed it and Sri Lanka’s main international airport to swing back into action within hours of a temporary closure earlier this week. “I doubt that any other major airport in the world could have recovered as quickly as we did,” Peter Hill, CEO of SriLankan […]
Sri Lanka will bounce back, says Jayawardene
GEORGETOWN, Guyana, March 29, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene says his team will bounce back from their dramatic one-wicket World Cup Super Eights defeat against South Africa at the Guyana National Stadium Wednesday.“Sri Lanka in these conditions are going to be a tough team to beat,” he said.Jayawardene said the fact that […]
Italian Flavour
March 29, 2007 (LBO) – Competition in Sri Lanka’s automobile market is increasing with the launch of a range of small Fiat cars well suited for local roads. The Italian manufacturer, famous for its Ferrari and Alfa Romeo brands, wants to capture a slice of the island’s small but growing auto market, dominated by Japanese […]
’s top apparel exporter slot filled by Brandix
March 28, 2007 (LBO) – The Brandix group has been named the top apparel exporter by Sri Lanka’s export promotion agency, the company said Wednesday. It makes casual bottoms, intimate and active wear, textiles, knitted fabrics, sewing and embroidery thread, accessories and hangers, and offers wet processing and finishing and fabric printing. Brandix said it […]
Speedy Trades
March 28, 2007 (LBO) – The latest version of its securities trading system can execute more trades ten times faster than the previous one, software maker MillenniumIT said. The company is headquartered in Sri Lanka with offices in Boston, New Jersey, London, and Mumbai. The new version of the Millennium Exchange released this month has […]
Carbon Lag
March 27, 2007 (LBO) – Sri Lanka is still far behind neighbouring countries in carbon trading which has the potential to earn much foreign exchange, experts said. The island can plant indigenous forests and develop alternatives to carbon emitting energy sources to do carbon trading which is still not being used to its fullest extent, […]