Category:
‘s success as a hub: Location is not enough
Feb 19, 2013 (LBO) – I’ve been seeing the insides of too many airports, one reason for the long gap since the last Choices column. Made me reflect on what makes some airports hubs and others not. A hub airport is one that has a high proportion of transit passengers (and/or freight). The last time […]
Sri Lanka in diplomatic relations with Saint Vincent and the Granadines
Feb 19, 2013 (LBO) – Sri Lanka has established diplomatic relations with Saint Vincent and the Granadines, the foreign ministry said. Saint Vincent and the Granadines belong to the British West Indies and is a part of the Commonwealth of Nations. The foreign ministry said Sri Lanka’s permanent representative to the United Nations of the […]
Nation Branding
Feb 18, 2013 (LBO) – Sri Lanka has a chance to strengthen its ‘nation brand’ after the end of a civil war, by building upon freedom enhancing values and being focused and consistent on messaging that differentiates the island, a international consultancy has said. Sri Lanka has entered a country brand index (CBI) compiled annually […]
Chat Profits
Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits fell 30 percent to 928 million rupees in the December 2012 quarter from a year earlier, dragged down by write-offs. The group reported earnings of 12 cents per share for the quarter. For […]
Eyeballs
Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Television (DTV) a unit of Dialog Axiata offering satellite based pay television said subscribers grew 23 percent to 264,000 in 2012 from a year earlier. But profits after tax fell 57 percent to 11 million rupees in 2012 from a year earlier due to an equipment write-down, […]
Sri Lanka central hill city to get mixed development
Feb 18, 2013 (LBO) – A twin tower property project made up of apartments, hotel and restaurant will be built in the central hill city of Kandy by a firm promoted by expatriate Sri Lankans from the area, the island’s investment promotion office said. Sri Lanka’s Board of Investment said the project by GVR Lanka […]
Diversifying Strategy
Feb 18, 2013 (LBO) – LankaIOC, a unit of Indian Oil Corporation is planning to deal in petrochemicals such as polyethylene and polypropylene, to diversify its product portfolio, an official said.Dakwale told reporters earlier this month that the firm was planning to retail Euro III grade diesel following a request from Sri Lanka’s motor sector.It […]
Oil Plans
Feb 18, 2013 (LBO) – Sri Lanka is planning to offer up to 11 off-shore oil blocks on production sharing deals in a bidding round that will close around September and others where less data is available for joint study, a media report said. Sri Lanka is to open a second bidding round in March […]
Oil Offer
Feb 18, 2013 (LBO) – Sri Lanka is kicking of a second licensing round for off-shore oil blocks with road show starting in Houston on March 07, reports said.A notice on Sri Lanka’s petroleum resources development office said bidders conferences will also be held in London on March 12, and in Singapore on March 21 […]
Sri Lankan dairy firm to expand capacity, profits up
Feb 17, 2013 (LBO) – Lanka Milk Foods Plc a unit of Sri Lanka’s Distilleries group said it will spend 800 million rupees to expand liquid milk processing and packing capacity at a subsidiary.Lanka Milk Foods’ revenues rose 9.5 percent to 1.41 billion rupees in the December 2013 quarter, expenses rose at a slower 2.6 […]
Shooting
COLOMBO, Feb 16, 2013 (AFP) – Gunmen shot and wounded a Sri Lankan journalist near the capital Colombo, police said Saturday, the latest in a string of attacks on the island’s media.Faraz Shauketaly, a reporter with the privately-run Sunday Leader whose editor was shot dead in 2009, was rushed to hospital for surgery following the […]
Sri Lanka sells US$152 million in floating rate bonds
Feb 15, 2013 (LBO) – Sri Lanka has sold 152.12 million US dollars of 3-year bonds to yield 400 basis points above the 6-month London Interbank Offered Rate, the state debt office said.The debt office which is a unit of the Central Bank offered to sell 60 million dollars of bonds styled ‘Sri Lanka Development […]