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Cargo Trends
Dec 07, 2010 (LBO) – Container volumes handled by the Sri Lanka Ports Authority (SLPA) hit a record two million in the 11 months to November 2010, up 26. 5 percent from a year ago, a statement said. Total containers handled by the port of Colombo would reach four million TEUs (Twenty-foot container Equivalent Units) […]
Sri Lankans offered Indian medical tourism packages
Dec 07, 2010 (LBO) – A range of medical treatment presently unavailable in the island will be made available to Sri Lankans in neighboring India at an affordable cost, a newly launched health tourism company said. “Our aim is to offer high quality health care at an affordable cost to middle income families,” Manilal Fernando, […]
‘s rural rupee inspires tech innovations
NEW DELHI, December 7, 2010 (AFP) – India’s hunger for new technology is as sharp in its countless small villages as in its shiny office towers or shopping malls — and businesses are waking up to an area of massive potential growth. Specific designs being aimed at Indian villagers include a mobile phone cash-transfer system, […]
Sri Lanka got N Korea arms despite US protests: leaked cables
WASHINGTON, December 6, 2010 (AFP) – US diplomats play a major role in trying to prevent arms from reaching world hotspots, but cables released to The New York Times show an uphill battle against the likes of Iran, Syria and North Korea. In one cable given to the paper by WikiLeaks, Syrian President Bashar al-Assad […]
Sri Lanka beaten by China in Asian outsourcing race: IBM report
Dec 07, 2010 (LBO) – Sri Lanka and China are emerging as key destinations for services investments, while Phillipines has overtaken India as the top ranked outsourcing centre, a report by IBM, a global information technology firm has said. In IBM’s Global Location Trends report for 2010 Philippines claimed top place displacing India for the […]
Sri Lanka central bank forex seller in Nov
Dec 06, 2010 (LBO) – Sri Lanka’s central bank sold 89. 05 million US dollars in November to maintain the country’s peg, with the US dollar as credit grew and economic activities picked up, official data show. Excess liquidity in the banking system is still high at 128 billion rupees. The bank is a net […]
Sri Lanka stocks close down 0.6-pct
Dec 06, 2010 (LBO) – Sri Lankan stocks ended down 0.63 percent Monday with some investors cashing out to re-align portfolios, brokers said. The All Share Price Index closed at 6,506.30, down 0.63 percent (41.38 points) while the Milanka index of liquid stocks dipped 1.12 percent (79.21 points) to close at 6,976.24, according to Colombo […]
Portable Cabin
Dec 06, 2010 (LBO) – Logiventures, a unit of Sri Lanka’s Hayleys group, expects an anticipated post-war construction boom to increase demand for its portable cabins made of converted cargo containers, a statement said. Since our Convertainers most often accommodate people in site offices, workshops, sanitary units and similar applications, quality management systems pertaining to […]
Phone Rivalry
Dec 06, 2010 (LBO) – Sri Lanka Telecom has reduced call charges and phone rentals and offered reductions for customers who chose packages with broadband and IPTV bundled together with voice services, a statement said. Those with broadband and IPTV services bundled into their packages are offered lower rates, the SLT statement said. SLT, the […]
Taking Action
Dec 06, 2010 (LBO) – Sri Lankan police found pirated software worth 7.5 million rupees in raids on an ‘international group of companies’ as part of a crackdown on software piracy, a statement said. Shalini Ratwatte, consultant, Business Software Alliance, said intellectual property protection “is vital for building investor confidence and supporting the growth of […]