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Airport Express
Oct 28, 2013 (LBO) – Sri Lanka has opened a 25.8 kilometre toll-road to the main international airport which is expected to sharply cut travel time and reduce congestion on existing roads.Travel time to the airport in Katunayake, from Peliyagoda, just outside the capital Colombo is expected to be 20 minutes, down from about an […]
Pub Investments
Oct 28, 2013 (LBO) – Sri Lanka’s Ceylon Beverage Holdings Ltd, a top brewery firm said it was investing 238 million rupees in its restaurant unit. The firm said it was pumping equity into Pubs ‘N Places Private Ltd, a fully owned subsidiary. The unit owns and franchises restaurants.
Paradise Isle
Oct 28, 2013 (LBO) Sri Lanka opened its second expressway Sunday linking the capital with the country’s main international airport with some 250 million dollars borrowed from China.If the government paid the bill in brand-new 1,000 rupee notes, they would have to deliver 35 tonnes of cash.Despite the staggering cost, the expressway would be welcome […]
Tech Hub
Oct 28, 2013 (LBO) – MillenniumIT, a Sri Lanka based unit of London Stock Exchange group has expanded its technology campus opening a new building, which the firm says is built to promote innovation.It uses natural light which is filtered to reduce the glare, as tropical sunlight makes it difficult to read computer screens easily. […]
” discovered in remote Australia
SYDNEY, October 28, 2013 (AFP) – An expedition to a remote part of northern Australia has uncovered three new vertebrate species isolated for millions of years, with scientists Monday calling the area a “lost world”.buy cymbalta Canada buy cymbalta Tim Laman, a National Geographic photographer and Harvard University researcher who joined Hoskin on the expedition, […]
‘s top carmaker Maruti posts rise in profits
NEW DELHI, October 28, 2013 (AFP) – India’s top carmaker Maruti Suzuki Monday posted a nearly threefold jump in its quarterly net profit compared to the same period last year when production was hit by a labour dispute.Net profit was 6.70 billion rupees (9 million) for the three months ending September 30, compared with 2.27 […]
Sri Lanka route to slash Asia-Africa travel time
Oct 28, 2013 (LBO) – Travel time to African destinations from South Asia and the Far East will be cut by around three hours through a new route from Sri Lanka via Seychelles, an official said.Asia is an aviation growth region especially in the ASEAN region with privately owned budget carriers coming on expanding fast […]
” by RAM
Oct 28, 2013 (LBO) – Sri Lanka’s Amana Takaful Plc (ATL), an Islamic financier has been rated ‘BBB’ by RAM Ratings Lanka with a stable outlook. “The ratings are supported by ATL’s above-average general insurance underwriting performance, conservative investment policy and above-average capitalisation levels,” RAM said. “On the other hand, the ratings are weighed down […]
‘s Vidullanka mini-hydro firm ratings confirmed: RAM
Oct 28, 2013 (LBO) – RAM Ratings has confirmed a ‘A-‘ rating of Vidullanka Plc, which owns mini-hydro plants and provides consultancy. However, we note that the revenue generated by each plant of the Group highly depends on rainfall in the plant’s catchment area. This is reflected in the positive correlation between revenue and plant […]
Workers Unite
MONTEVIDEO, October 26, 2013 (AFP) – Unions representing domestic workers met here Saturday to urge countries to ratify a year-old international convention that sets minimal labor standards for domestic workers.So far only 10 countries have ratified the International Convention on Domestic Workers, which went into effect a year ago in September. But Myrtle Witbooi, president […]