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The Revival of Underperforming Enterprises and Underutilized Assets Bill that is to be presented to parliament soon has in it economic and political objectives that spell doom for Sri Lankan democracy as well as the economy. It would vest in the Sri Lankan government Hotel Developers (Lanka) PLC which owns the Colombo Hilton that has ...
Following a Presidential directive, the Bank of Ceylon (BoC) has agreed to give Rs. 1.5 billion to Sri Lanka Cricket to pay the dues to the Chinese company that constructed the Sooriyawewa Cricket Stadium in Hambantota.
By Ranjit Jayasundera Sensational evidence has come to light that demonstrates beyond a shadow of doubt that in Sri Lanka fortune favours not necessarily the bold but certainly the favoured. Carlton Sports Network (CSN) a company incorporated on 10th February 2011 has won the rights to broadcast the Australian Cricket tour of Sri Lanka next ...
A Sri Lanka Cricket official says the national sports body has debts of more than $15 million after it co-hosted the World Cup earlier this year and is now seeking a government grant to help ease the burden. Treasurer Sujeewa Rajapaksa says Monday the debts are mostly due to an outanding bank loan
By Dinouk Colombage World Cup Organising Committee Chief Suraj Dandeniya speaking to The Sunday Leader dismissed allegations that Sri Lanka Cricket (SLC) was facing bankruptcy. He insisted that once the International Cricket Council (ICC) gives SLC their hosting fees the debts will be repaid
By Paneetha Ameresekere Hambantota Port costs may escalate by another US$ 148 million (Rs. 15.9 billion), state run Sri Lanka Ports Authority Chairman Dr. Priyath Bandu Wickrama told The Sunday Leader in an email interview. Those additional costs are due to having to blast and remove the bedrock found in the harbour which would cost ...
By Gavin Van Hoff (islandcricket.lk/blogs/gavin) It has been a hectic month so far and from the looks of things, it’s going to be a long December for our friends over at Sri Lanka Cricket (SLC). We’re only half way into the final month of 2010, 65 days from the ICC Cricket World Cup