Category: Industry
Kings of spin ready for Oval tussle
PORT OF SPAIN, Trinidad, March 22, 2007 (AFP) – Whenever Sri Lanka play India, cricket becomes more than just a batsmen’s game as Muttiah Muralitharan, Harbhajan Singh and Anil Kumble prove there is a room for ace spinners. The two teams clash here on Friday in a crucial World Cup Group B match looking forward […]
India vs Sri Lanka match records
PORT OF SPAIN, Trinidad, March 22, 2007 (AFP) – India v Sri Lanka head-to-head record ahead of their World Cup Group B match at Queen’s Park Oval here on Friday: Total meetings: 94 India wins: 49 Sri Lanka wins: 36 Tied: 0 No Result: 9 Last 10 meetings: 31/10/2005: Jaipur India won by 6 wkts […]
Tough Year
March 22, 2007 (LBO) – State-owned National Savings Bank has seen a fall in profits in 2006 and slow deposit growth, through revenues climbed with rising interest rates, its latest results showed. At group level the bank had net assets of 13.1 billion (up 3.8 percent) and 12.9 billion as a stand alone entity, made […]
Ton-up Jayasuriya fires Sri Lanka to easy win
PORT OF SPAIN, Trinidad, March 21, 2007 (AFP) – Sanath Jayasuriya hammered a blistering century to set up Sri Lanka’s crushing 198-run win over Bangladesh in the World Cup here on Wednesday. The left-handed opener scored an 87-ball 109 for his 24th hundred as Sri Lanka posted a challenging 318-4 after being put in to […]
New Complex
Mar 21, 2007 (LBO) – Sri Lanka’s Ceylino group plans to set a shopping and apartment complex in the heart of Colombo, following Board of Investment approval. . The complex that is to be built in Nawala, will be a joint venture between Ceylinco Seylan Development Limited and Ceylinco Investment and Realty Limited, the group […]
Tech Uplift
March 21 (LBO) – Sri Lanka’s education ministry has tied up with tech giant Intel to give local schools computers and teacher training to boost technology levels and skills. Intel on Tuesday launched its one billion dollar, five-year ˜World Ahead’ program in Sri Lanka and is already in operation in 60 countries around the world. […]
Kandy Finance
March 21 (LBO) – Kandy based Sinhaputhra Finance Limited (SFL) has earned a BB (lka) rating with a stable outlook, Fitch Ratings Lanka said Wednesday. The present Joint Managing Director Ravana Wijeyeratne owns 52 percent of the company’s equity with the remainder being held by its employees. “SFL’s rating reflects its modest profitability, relatively better […]
Leasing Pioneer
March, 21 (LBO) – Lanka Orix Leasing Company (LOLC) has seen high loan growth with new funding but margins are slimming due to competition, Fitch Ratings said Wednesday confirming the firm’s A (lka) rating with a stable outlook. The company has a market share of approximately 8 percent of leasing sector assets, including those of […]
Was the Pakistan coach murdered?
KINGSTON, Jamaica, March 21, 2007 (AFP) – The death of Pakistan cricket coach Bob Woolmer at the World Cup is being treated as murder, a Pakistan team spokesman said Wednesday.“It is a shame that such callous disregard for the lives of children is being displayed in the midst of hosting the cricket World Cup,” said […]
Bob Woolmer factfile
KINGSTON, Jamaica, March 21, 2007 (AFP) – Factfile on Bob Woolmer who died here on Sunday after being found unconscious on the floor of his hotel room at the World Cup.On Wednesday, police revealed that his death was being treated as suspicious: Full Name: Robert Andrew Woolmer Date of birth: 14 May 1948 Place of […]
Powder Keg
March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product prices to unprecedented highs. Meanwhile Kotmale says it expects to keep prices below multinational brands by running a lean operation, while prices of its other dairy products made with […]
Telecom Sale
March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a stake held by Japan’s NTT, the company said Tuesday. NTT Communications Corporation of Japan owns a 35 percent stake in Sri Lanka Telecom, but […]