Category: Industry
Windies beat Zim to join Australia in Super Eight
BRIDGETOWN, Barbados, March 19, 2007 (AFP) – West Indies joined defending champions Australia in the World Cup Super Eights on Monday while India clinched a record-breaking win over Bermuda to put their campaign back on track. “It’s something which shouldn’t have happened and I’ve suffered the consequences. I’m obviously upset about it and it’s something […]
Indo Finance
March 20, 2007 (LBO) – Chennai based Indian Bank is looking to expand operations in Sri Lanka after boosting its capital at its branch this year, officials said. The bank had accumulated losses from bad loans after financing films in real estate. “This year we will bring our capital up to the required 25 million […]
Bangladeshi teenagers eye scalp of Sri Lankan veterans
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Giant-killers Bangladesh are counting on their teenagers to deliver yet again when they clash with experienced Sri Lanka in their second World Cup match here on Wednesday. Teenagers Tamim Iqbal, Saqibul Hasan and Mushfiqur Rahim played key roles in Bangladesh’s shock five-wicket victory over 1983 champions […]
Sri Lanka v Bangladesh head-to-head record
PORT OF SPAIN, Trinidad, March 20, 2007 (AFP) – Sri Lanka v Bangladesh head-to-head record ahead of their World Cup Group B match at Queen’s Park Oval here on Wednesday: 07/10/2006 Mohali – Sri Lanka won by 37 runs Total meetings: 18 Sri Lanka wins: 17 Bangladesh wins: 1 Tied: 0 No Result: 0 Last […]
Pakistan cricket chief offers resignation
ISLAMABAD, March 20, 2007 (AFP) – Pakistan Cricket Board chairman Naseem Ashraf has offered his resignation to President Pervez Musharraf following the national team’s disastrous exit from the World Cup, a spokesman said Tuesday. Pakistan’s chief cricket selector and the rest of the national selection committee have also stepped down, the PCB said as the […]
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 […]
Port Dollars
March 20, 2007 (LBO) – The Asian Development Bank has approved a 300 million dollar loan to expand the Colombo Port, the regional lender said Tuesday. The funds will come from its ‘ordinary capital resources’ window at a rate based on the London Interbank offered rate, the bank said. The loan will have a 25-year […]
‘s death
March 19, 2007 (AFP) – Sri Lanka’s top cricket officials Monday put aside their differences and united in paying tribute to Bob Woolmer, the Pakistani national coach who died suddenly in Jamaica Jayantha Dharmadasa, president of the Sri Lanka Cricket Interim Committee, said Woolmer’s death was a big loss to the cricketing world. “I have […]
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum credit enhancement levels have been breached at several points. Monthly prepayments have hovered between 0 and 3.6 percent of the outstanding pool principal, while a 15.9 percent of the initial pool […]
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]
Triple Play
March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]