Trinco Trade

April 10, 2008 (LBO) – Economic activity in Sri Lanka’s eastern port city of Trincomalee is set to revive after a public market was re-built by the United States and Greek aid, the US Embassy in Colombo said. The refurbished Anuradhapura junction public market in Trincomalee was opened this month. The rebuilding of the public […]

Leisure Style

April 06, 2008 (LBO) – Sri Lanka’s famed architect, Geoffrey Bawa has inspired a new trend of boutique type hotels in Sri Lanka that are attracting high-end tourists, that is now spreading its wings abroad. . A leisure architectural style that is now sweeping across India and Indonesia had its origins nearly half a century […]

Media Trend

April 01, 2008 (LBO) – Fragmented audiences in traditional media like television and radio have made commercial inserts in programs less effective especially to reach urban consumers, marketers in Sri Lanka have said. This was pushing advertisers into emerging new media such as the internet, mobile and to sales points. Conventional advertising on television, radio […]

Switched Off

Mar 31, 2008 (LBO) – Sri Lanka has terminated a scheme that gave tax-slashed cars to state workers from today and no new applications would be entertained, the finance ministry said. State workers who have been issued tax slashed import permits but have not opened letters of credit by March 31 would not be able […]

Factory Estate

March 25, 2008 (LBO) – Sri Lanka’s Hemas Holdings has put on sale its industrial complex in Welisara, a northern suburb of the capital Colombo, where it made consumer products like soap and toothpaste. The move follows the group’s shift of manufacturing to a new location in Dankotuwa, also north of Colombo, to take advantage […]

Blast Mitigation

Mar 20, 2008 (LBO) – Ninety percent of the glass used in Sri Lankan buildings are vulnerable to bomb attacks and can cause excessive harm to occupants in the event of a blast, a British expert said. . “Most of the glass you got in Colombo would be plain float or annealed glass [untreated glass] […]

Hundred Fold

Mar 20, 2008 (LBO) – A top satellite network which has dedicated one of its satellites in honour of Arthur C Clarke says more than 300 such objects are now circling the globe on geostationary or ‘Clarke’ orbit. . Eutelsat chief Giuliano Berretta says the company dedicated SESAT1, the satellite closest to Clarke’s residence in […]

Space Prophet

March 19, 2008 (AFP) – British-born science fiction guru, Arthur C.Clarke, died at a hospital in Sri Lanka on Wednesday, his aide Rohan de Silva told AFP.He was 90. “I have no regrets and no more personal ambitions,” said the writer, who was confined for the past three decades to a wheelchair because of the […]

Regional Design

Mar 15, 2008 (LBO) – Sri Lankan architects are finding new opportunities designing hotels for India’s booming leisure sector as an intensifying conflict delayed projects at home, a top architect said. “We have not had too many opportunities in Sri Lanka,” says Channa Daswatte, who now spends more time in India than at home. “With […]

Joint Effort

March 14, 2008 (LBO) – South Asian countries should reduce transaction costs and take measures to protect employment-intensive industries to reap more effective gains from a regional free trade deal, a new study has said. The study on the benefits of the South Asia Free Trade Agreement (SAFTA) shows that it will contribute to stronger […]

Nursery Rhyme

March 14, 2008 (LBO) – Country music singers from the UK and Germany will perform at the annual ‘Country Roads’ concert this Sunday, the 16th in a series whose main aim is to raise funds for needy children. The show is supported by airlines and local hotels which give transport and lodging for visiting musicians. […]

Premium Rules

March 13, 2008 (LBO) – General insurance premiums must be settled within 60 days so that the insured have the ability to claim and for insurers to avoid solvency difficulties, Sri Lankan insurance companies and the regulator said. They said the regulator, the Insurance Board of Sri Lanka (IBSL), has instructed insurance firms to attach […]

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