Author: lbostgadmin
Sri Lanka GDP grew 6.4-pct in 2012: census dept
Mar 15, 2013 (LBO) – Sri Lanka’s gross domestic product grew 6.4 percent in 2012, slowing from 8.2 percent in 2011, with industry growing 10.3 percent, agriculture 5.8 percent and services 4.6 percent, the state statistics office said.In the December quarter the economy was estimated to have grown 6.3 percent from a year earlier, against […]
Sri Lanka state airlines to operate 11 frequencies from Mattala
Mar 15, 2013 (LBO) – State-run SriLankan Airlines said it will operate nine flights a week out of Sri Lanka’s second international airport in Mattala, which is opening next week while its sister budget carrier will operate two flights. SriLankan Airlines will fly twice a week to Riyadh, four times to Male, twice to Beijing […]
Mobile Banking
May 15, 2013 (LBO) – Sri Lanka’s Hatton National Bank, which has more than two million customers, has launched a mobile banking platform to which it is planning to draw 300,000 users in the next three years, officials said.Rodrigo said from next month the service will allow transfers to accounts in other banks. Jonathan Alles, […]
Sri Lanka Mattala airport interests A380 operators: official
Mar 14, 2013 (LBO) – Sri Lanka’s second international airport in Mattala is attracting interest from Airbus A380 operators, and the airport agency stands to earn more navigation fees from overflying aircraft, a top official said.Sri Lanka already earns navigation fees from aircraft overflying its flight information region, but industry analysts have said that the […]
Sri Lanka move to push cargo at Mattala welcomed by policy advocate
Mar 14, 2013 (LBO) – Moves by Sri Lanka’s airport agency to woo courier airlines to the island’s second international airline was welcomed by a policy specialist who had been advocating such action.“While the volumes of air freight carried by these companies as well as others such as DHL and TNT are growing rapidly in […]
Google Interaction
Mar 14, 2013 (LBO) – Julian Persaud, managing director of sales and operations of Google for Southeast Asia will participate in a business forum with Sri Lanka’s information technology companies on March 19.Persaud will also be on a panel with Madu Ratnayake, General Manager ,Virtusa,Sri Lanka, Sanath Fernando-CEO, Ridgecrest Asia (Pvt) Ltd and Chandika Jayasundara-CEO, […]
Payment Outsourcing
Mar 14, 2013 (LBO) – Paycorp International, an Australia based firm will set up an outsourcing unit in Sri Lanka employing 100 persons, the state investment promotion agency said.Paycorp will invest 4.4 million US dollars in the project, the Board of Investment of Sri Lanka, which give tax breaks for foreign investments said. “Culturally and […]
Outlook Meeting
Mar 14, 2013 (LBO) – Sri Lanka – Canada Business Council of the Ceylon Chamber of Commerce will meet senior minister for international monetary co-operation Sarath Amunugama on March 20.The luncheon meeting will be on the topic ‘Today™s Economic Outlook of Sri Lanka. The organizers could be reached at www.srilankacanadabiz.lk or anisha@chamber.lk. .
Visitors to Sri Lanka should feel safe, rule of law upheld: UK High Commissioner
Mar 14, 2013 (LBO) – UK High Commissioner to Sri Lanka John Rankin said visitors to Sri Lanka should uphold rule of law to make the island safe for visitors, following delays in bringing killers of a British tourist to justice.Khuraim Shaikh, a Red Cross worker who was holidaying in Sri Lanka’s coastal resort of […]
Ship Arrest
Mar 14, 2013 (LBO) – Vinalines Glory, a Vietnam flagged oil products tanker had been ordered to be arrested by a court in Sri Lanka in a dispute over a cargo of contaminated diesel which was refused by the importer.The vessel carried a cargo of 26,000 metric tonnes of petrol and 5,000 tonnes of diesel […]
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Mar 13, 2013 (LBO) – Sri Lanka is facing higher external pressure due to lack on a program with the International Monetary Fund and also slower growth, Moody’s Investors Service, a rating agency said.“Although the government will likely continue to make gradual progress in reducing its deficit, the debt burden will remain high,” Moody’s said. […]
Sri Lanka power regulator says costs slashed by Rs3.65 a unit
Mar 13, 2013 (LBO) – Sri Lanka’s Public Utilities Commission, the island’s power regulator says it had dis-allowed 40 billion rupees of costs filed by state-run Ceylon Electricity Board, before seeking public comments on a proposed tariff hike. The Ceylon Electricity Board initially filed costs 268 billion rupees to produce 10, GigaWatt hours (millions of […]