Category: Industry
Call Forward
August 06, 2007 (LBO) – A Sri Lankan mobile phone operator has called for the introduction of ‘number portability’, saying that consumers would benefit from being able to switch networks while using the same number. Suren Amarasekera, chief executive of Mobitel Private Ltd., the cellular subsidiary of the dominant fixed phone operator Sri Lanka Telecom, […]
Sri Lanka promotes community involvement in war-battered tourist industry
Aug 06, 2007 (LBO) – Sri Lanka’s leisure sector should focus more on promoting people development and community involvement to make the tourism industry sustainable, officials say. India, Macau and Thailand’s Six Senses Spa won awards in other categories of marketing, heritage and environment. Top coastal resorts, mostly empty because of the ethnic war, have […]
Flood Havoc
NEW DELHI, Aug 5, 2007 (AFP) – The death toll from raging floods in India neared 1,100 Sunday as more people drowned in swollen rivers that have stranded millions in their homes, officials said.Every year the monsoon causes the river to flood in Assam, a remote state of 26 million people. Four people died overnight […]
India cricket moguls move to crush competition
NEW DELHI, Aug 5, 2007 (AFP) – Indian cricket was rocked by an acrimonious slanging match on Sunday as the game’s powerful establishment moved to crush a breakaway multi-million dollar series. The Board of Control for Cricket in India (BCCI) is determined to ensure the failure of the rebel Indian Cricket League (ICL) which is […]
Number Crunchers
August 3, 2007 (LBO) – Amba Research, a fast growing investment research outsourcing (IRO) firm, has become the top employer of a UK professional accounting body in Sri Lanka, the company said. The firm has expanded its office space by occupying another floor in Colombo’s World Trade Centre building. The expansion came with a round […]
Cargo Skills
August 03, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is seeking an investor for Colombo’s new container terminal who can increase cargo volumes and improve cash flow, a senior official said. SLPA chairman Saliya Wickramasuriya said the technical bids for the infrastructure work and first box terminal in the new South Port are […]
‘s Malinga to join Kent county cricket
August 02, 2007 (AFP) – Sri Lanka’s star fast bowler Lasith Malinga is to join English county Kent for just under a month, the governing body of the sport here, Sri Lanka Cricket (SLC), said Thursday. Malinga becomes the fourth Sri Lankan to play for an English county in the current season — Muttiah Muralitharan […]
Walkie Talkie
August 2, 2007 (LBO) – A Sri Lankan celco is rolling out a mobile payphone system for rural communities that have limited access to telecommunications facilities, but it is a market worth billions of rupees, officials said. Sri Lanka has over six million mobile phone users, serviced by four operators. Contrary to popular perceptions that […]
Missed Call
August 02, 2007 (LBO) – Sri Lanka should unilaterally liberalise its telecommunications sector even further and update outdated regulations to avoid falling behind the rest of south Asia, a telecom expert has said. The country was also not living up to its commitments made in international trade negotiations and its telecom sector was losing momentum, […]
No More
August 2, 2007 (LBO) – Eminent banker Pelanage Amarasinghe passed away on Wendesday August 01.He has served Sri Lanka’s banking sector for over 36 years as a central banker and later also in commercial banks. He retired from the Central Bank of Sri Lanka after becoming its Deputy Governor and was a former chairman of […]
Super Profits
August 02, 2007 (LBO) – Sri Lanka’s Commercial Bank reported net profit for the second quarter ended June 2007 shot up 52 percent to 1.1 billion rupees from 753 million in the same 2006 period. Net interest income for the quarter soared 66 percent to almost three billion rupees, according to interim results released to […]
No Hassle
August 1, 2007 (LBO) – Sri Lanka’s Union Assurance made it easier to claim motor accident insurance in the highly competitive industry by allowing policy holders to drive off without waiting for assessors to arrive for inspections. A few years ago another insurer transformed the industry by doing away with the requirement for a police […]