Category:
ICT Boost
Dec 22, 2011 (LBO) – Sri Lanka will get more support from the World Bank to boost the use of information technology and increase access to state services online for business and people, a government minister said. Information minister Keheliya Rambukwelle said the cabinet of ministers had approved the borrowing of 11 million dollars to […]
SriLankan Airlines resumes flying to Zurich
Dec 22, 2011 (LBO) – SriLankan Airlines began flying to the Swiss city of Zurich Thursday, the latest destination in the national carrier’s expanding global route network. The service will initially be twice-weekly on Monday and Friday and would be increased in the future, a statement said. The Zurich-Colombo flight will operate via Male in […]
Sri Lanka military to renovate key locations in Colombo
Dec 22, 2011 (LBO) – Sri Lanka’s military will renovate key locations in the capital Colombo as part of continued efforts to modernize the city, under a master plan of the country’s urban development agency, minister Keheliya Rambukwelle said. “The construction work will be entrusted to the engineering services divisions of the Sri Lanka Army, […]
Sri Lanka state enterprise workers to get bonus
Dec 22, 2011 (LBO) – Workers of Sri Lanka’s state enterprises will get a 7,500 rupee bonus, but those in loss making enterprises will get less, information minister Keheliya Rambukwelle said. Sri Lanka’s state enterprises were set up over several decades as Sri Lanka’s rulers tried to do business with people’s tax money. Though state […]
Sri Lanka to collaborate with Japan, China for oceanography
Dec 22, 2011 (LBO) – Sri Lanka is collaborating with Japan and China to study oceanographic conditions and weather in the Indian Ocean, the head of the island’s aquatic resources agency said. Jayewardene said the Chinese were interested in the origination of monsoon off the shores of Sri Lanka which will help the country understand […]
Sri Lanka overnight rates spike to new high
Dec 21, 2011 (LBO) – Sri Lanka’s overnight money rates spiked over 9. 75 percent and gilt backed repurchase deals touched 8.45 percent Wednesday amid defence of a dollar peg and festival demand for cash, dealers said. But in December there is also a seasonal demand of cash during the Christmas and New Year holiday […]
Sri Lanka Treasuries yields head higher
Dec 21, 2011 (LBO) – Sri Lanka’s Treasuries yields edged higher amid rejections of market bids at Wednesday’s auction, data from the state debt office showed, as the Central Bank’s own portfolio of bills continued to go up. The 3-month Treasury bill yield increased 15 basis points to 8.58 percent and the 12-month yield increased […]
Sri Lanka stocks close down 0.16-pct
Dec 21, 2011 (LBO) – Sri Lankan stocks slipped further Wednesday in a continuing slide in thin turnover with the regulator postponing an anticipated decision to allow brokers to give more credit for trading, brokers said. The main All Share Price Index fell 0.16 percent (9.11 points) to 5,842.83, while the more liquid Milanka index […]
Mega Ship
Dec 21, 2011 (LBO) – Colombo port has handled its first ship capable of carrying 10,000 containers and will soon be the only port in south Asia to handle even bigger cargo vessels given new deep-water terminals under construction. APL Chongqing docked at the state-run Jaya Container Terminal, the main transhipment facility in Colombo, Monday, […]
Station Teller
Dec 21, 2011 (LBO) – Sri Lanka’s Commercial Bank has begun opening automated teller machines at railway stations to give commuters access to its electronic cash dispensing facility, a statement said. The bank’s first ATM machine under the programme was commissioned at the Fort Railway Station, the biggest terminal, in the heart of the capital […]
Sri Lanka asks Russia for phased import duty reduction
Dec 21, 2011 (LBO) – Sri Lanka has asked Russia to cut import duty on tea in a phased manner following its admission to the World Trade Organisation (WTO) after 18 years of negotiations, officials said. Sri Lanka’s tea industry has been lobbying Russia to reduce import duty to enable exporters better access for value-added […]
Kerala to tender deepwater port project in March
MUMBAI, Dec 21 (AsiaPulse) – The Indian state of Kerala plans to invite global engineering, procurement and construction bids for the Rs 7,800 crore Vizhinjam Port by March and expects the results of an environment impact assessment (EIA) study on the project to be out by June, a top state government official has said. “We […]