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Sri Lanka flights by Air Arabia to Mattala stopped
May 09, 2013 (LBO) – Travel agents said they have stopped issuing tickets on Air Arabia, a UAE based budget carrier, in the Sharjah to Mattala sector, after the airline halted flights to the new airport.Aviation ministry secretary Ravindra Ruberu said flights have been temporarily suspended but they are likely to resume by August. Air […]
Sri Lanka electricity tariffs hiked on earlier charging system
May 9, 2013 (LBO) – Sri Lanka’s Public Utility Commission has set electricity tariffs reverting to an earlier system of charging by slabs, responding consumer comments at a public hearing.The regulator also made no change to users of up to 60 units complying with a speech made by President Mahinda Rajapaksa on May Day following […]
Sri Lanka Treasuries yields edge lower
May 08, 2013 (LBO) – Sri Lanka’s Treasuries yields edged lower across maturities Wednesday with the 12 month yield falling 03 basis points to 11.29 percent, the state debt office said. The debt office offered 12.0 billion rupees of bills for roll over and sold 16.08 billion worth bills. The 3-mont yield fell 02 basis […]
Sri Lanka stocks close up 0.14-pct
March 08, 2013 (LBO) – Sri Lanka’s stock closed up for the third straight day, with index heavy John Keells and banks extending gains, though some profit taking was coming in, brokers said. Lending rates are now high due to heavy government borrowing to finance excessive spending including the hiring of unemployed graduates in a […]
Internationalism
May 8, 2013 (LBO) – Chairman of Sri Lanka Ports Authority, Priyath Wickrama has been elected third vice president of Tokyo based International Association of Ports and Harbors (IAPH), an industry body.The 12th IAPH Asian/Oceania Regional Meeting/Port Forum had been hosted in Colombo for the first time in March 2012. Wickrama was born in Matara, […]
Foundation
May 08, 2013 (LBO) – Sri Lanka is tipped to need about 53 billion dollars over the next few years to develop vital infrastructure to propel economic growth, an infrastructure specialist said. “We see tremendous opportunity for Sri Lanka. The key to Sri Lanka’s vision to have motorable transport, integrated roads, railways and ports system,” […]
‘s Sigiriya and Dolphin Hotels sprucing up
May 08, 2013 (LBO) – Hotel Sigiriya Plc in central Sri Lanka and Club Dolphin Hotel on the Western Coast are being refurbished, the companies said.. Club Hotel Dolphin, a part of Sri Lanka’s Hemas group will be closed from May to October 2013, the company said in a stock exchange filing. Hotel Sigiriya will […]
Sri Lanka to boost deep sea fishing, double exports to US$500mn
May 08, 2012 (LBO) – Sri Lanka is planning to boost deep sea fishing and double tuna exports by 2015 with the help of new vessels from Japan and China, fisheries minister Rajitha Senaratne said. At the moment a few dozen foreign flagged deep sea fishing vessels from Taiwan, Indonesia and Malaysia were operating in […]
Sri Lanka floods hit 90,000 people, no cyclone threat
May 08, 2013 (LBO) – Heavy rains have left 90,000 people hit by floods in Sri Lanka’s Western province around the capital Colombo, but there was no cyclone threat, authorities said.However general public has been advised to be vigilant about heavy rain, lightning activities and localized strong winds during thundershowers. Torrential rains over the past […]
SriLankan Airlines says freight carriage hits new high
May 8, 2013 (LBO) – State-run SriLankan Airlines said it carried 101,000 tonnes of freight in the year to March 2013, up 15 percent from a year earlier, the highest since 2008.SriLankan said it manages a 20,000 square meter cargo centre in Katunayake and 5,000 square feet facility at Mattala airport. The airline said revenues […]