All Blogs
John Keells eyes new hotel properties in Maldives, bookings down in Trinco
May 05 (LBO) – John Keells Holdings eyes the Maldives for hotel expansion as city hotels see a slight drop in bookings and its resort on the East coast suffers from current political instability. We have seen a slight drop in bookings in our city hotels, but the effect on our resort hotels is minimal.Our […]
China Parley
More than 50 senior executives of Chinese firms are participating in a business forum in Colombo, as commercial ties between the two countries continue to strengthen. The two day China-Sri Lanka CEO Summit, to be held on May 08th and 09th has been organized with the Asian Capital Forum, a CEO club and conference organizer. […]
More clashes in Sri Lanka ahead of Japanese peace attempt
COLOMBO, May 5 (AFP) – Diplomats prepared to talk peace but on the ground Friday violence escalated in Sri Lanka as military officials reported fresh air and naval clashes with separatist rebels.The clashes followed the shooting deaths of seven civilians in the northern Jaffna peninsula Thursday after a grenade attack wounded three soldiers in the […]
Sri Lanka Navy sink Tiger boat
May 5 – (AFP) – A Sri Lankan navy gunboat attacked Tamil Tiger boats off the island’s northwestern waters Friday and destroyed at least one craft, military officials here said.More than 200 people have died in the last month in a series of tit-for-tat attacks between Sri Lankan government and rebel forces despite a ceasefire […]
Limit Less
May 4 (LBO) – Sri Lanka’s state-owned railway is trying to find money to make urgent repairs to dilapidated tracks, which is forcing trains to run slow. “Trains are getting delayed because of the bad rail track conditions,” General Manager of Railways, K A Pemasiri said. “We need to replace sleepers and carry out urgent […]
Forward Bookings
May 4 (Dow Jones)–Sri Lanka’s Colombo Dockyard Ltd.expects net profit to more than triple this year helped by growth in the company’s shipbuilding division, the company’s chief executive said. “We have already secured a couple of foreign contracts, which will help boost profits,” Mangala Yapa told Dow Jones Newswires in an interview. ¶ He expects […]
Sri Lanka first quarter tea crop at a 5-year high
May 4 (LBO) – Sri Lanka’s tea crop shot up to a five year high of 76.54 million kilos for the three months to March boosted by good rainfall, a commodity brokering house said Thursday. Production in March alone was up 17.5 percent to 29.14 million kilos, largely driven by a 26.1 percent growth in low […]
Text Box
May 4 (LBO) – Sri Lanka plans to test the limits of smart digital mesh boxes to connect 30 rural homes onto the World Wide Web, officials said. Costing just under 30,000 dollars, this pilot project is initiated by the ICTA the government’s key IT agency is due to kick off in July, giving free […]
Man charged with murder after attacks on south Asian stores in London
LONDON, May 4, 2006 (AFP) – An unemployed man has been charged with murder after two shop workers in one of three allegedly racially motivated firebomb attacks on Asian-run convenience stores in London, police said Thursday. Robert Torto, 32, is accused of killing shopkeeper Khizar Hayat, who was originally from Pakistani Kashmir, and his employee, […]
Movie piracy costs Hollywood 75 pct more than feared
LOS ANGELES, May 4 (AFP) – Movie piracy costs Hollywood’s big studios about 6.1 billion dollars last year, far more than the 3.5 billion dollars the industry had previously conceded, a stunning report revealed Wednesday.A study ordered by the US film industry’s lobbying group, the influential Motion Picture Association of America, revealed that pirates were […]