All Blogs
Sri Lanka Expolanka upgrades lentils plant
June 07, 2011 (LBO) – Sri Lanka’s Expolanka Holdings group said a lentils splitting plant owned by a subsidiary has been fully automated in a 350,000 US dollar upgrade designed to meet increasing local and international demand. The upgrade of the plant, located in Wellampitiya in Colombo, included the addition of a colour sorting machine […]
Wider Reach
June 07, 2011 (LBO) – Sri Lanka’s Richard Pieris group wants to cash in on the post-war consumer spending boom by rapidly expanding its chain of ‘Arpico’ supermarkets, a senior official said. The firm’s profits nearly doubled to 2. 1 billion rupees in 2010 due to higher returns from core business areas, plantations, retail and […]
Tele Tower
June 7, 2011 (LBO) – Sri Lanka has rebuilt a 175 meter television tower costing 450 million rupees to begin television and telecom transmissions to former war torn areas in the north of the island. President Mahinda Rajapaksa opened the tower Tuesday in the Kokavil region. The government’s information office said the tower will be […]
Security Award
June 07, 2011 (LBO) – Millennium Information Technologies Pvt Ltd (MillenniumIT), a unit of the London Stock Exchange group said it had been given the award for the best partner of the year in South Asia 2010 by Check Point Software Technologies India. “They are constantly growing, evolving, both in consulting and delivering solutions around […]
Sri Lanka should open skys to get tourists: leisure group chief
June 07, 2011 (LBO) – Sri Lanka has to liberalize aviation further to make the country more accessible to tourists and boost economic activity, the head of one the island’s top leisure groups which operates in several other countries, said. “The implementation of the open skies policy remains key to the success of Sri Lanka’s […]
Sri Lanka to see first garment factory listing
June 07, 2011 (LBO) – Orient Garments Limited, a unit of Sri Lanka’s Finco group of companies will be listed on Colombo Stock Exchange’s second board, making it the first apparel maker to go public. At one time, two privatized textile firms were listed but they were unable to compete after import duty protection was […]
Cook sets up victory shot against Sri Lanka
LONDON, June 6, 2011 (AFP) – England gave themselves a chance to win their Test series against Sri Lanka with a match to spare after losing skipper Andrew Strauss for a duck at Lord’s here on Monday. The hosts, at stumps on the fourth day of the second Test, were 149 for two in their […]
Sri Lanka opposition speaks out on rule of law
June 07, 2011 (LBO) – Sri Lanka’s main opposition which contributed to the systematic breakdown of rule of law and limiting the freedoms of the people, has spoken out against the growing lawlessness and attacks on unarmed sections of the population. But small civil society organizations such as Friday Forum, Citizens Movement for Good Governance, […]
Sri Lanka gets FDI US$236mn in first quarter
June 07, 2011 (LBO) – Sri Lanka has received 236 million US dollars in foreign direct investments in the first quarter of 2011, up 160 percent from a year earlier, led by tourism, the state investment promotion agency said. Hong Kong based Shangri-La group which bought land in Sri Lanka’s capital Colombo and Hambantota in […]
Sri Lanka raises US$2.1bn to rebuild north
June 07, 2011 (LBO) – Sri Lanka has raised 2. 1 billion US dollars to rebuild roads, rail, power, hostpital, water supply and help resettle refugees in the war torn Jaffna region in 2010, a finance ministry report said. These funding programmes have helped to resettle internally displaced people within a short period of time […]