Category: Industry
Flu Scare
July 28, 2007 (AFP) – Sri Lanka on Saturday banned imports of live birds and chickens from India following an outbreak of bird flu in the neighbouring country, an official said. “Sri Lanka has banned imports with immediate effect, after we received reports of an outbreak of bird flu in Manipur, India,” said D.D. Wanasinghe, […]
Deposit Drive
July 28, 2007 (LBO) – People’s Bank is on an aggressive drive to raise deposits this year, with an enhanced target of 30 billion rupees, a top official said. With the re-launch of the bank’s ˜Jayasiri’ low cost mobilisation scheme, People’s Bank is geared to reach the higher target and promote the saving habit in […]
Sri Lanka apparel group in Spanish tie to boost swimwear fabric flow
July 27, 2007 (LBO) – A new joint venture with a Spain-based firm will fill a gap in synthetic fabric printing capacity, especially in swimwear, Sri Lanka’s MAS apparel group said Friday. The group through its unit, MAS Capital (Pvt) Ltd had inked a deal on July 19 with Textprint S.A of Spain to start […]
Flying Gold
July 27, 2007 (LBO) – A SriLankan Airlines advertising campaign developed by Grant McCann Erickson hit the lime light winning the first gold at the Pacific Asia Travel Association (PATA) Gold Awards.The campaign which focused on the theme ˜home away form home™ bagged the award for the best marketing campaign for an airline. The whole […]
Design Prize
July 27, 2007 (LBO) – A Sri Lankan trust named after renowned architect Geoffrey Bawa has launched a national award with a million-rupee prize to recognize and reward good examples of contemporary island architecture. . Sri Lanka has a lot of young talent in architecture which should be recognized and encouraged, the Geoffrey Bawa trust […]
Merchant Assets
July 27, 2007 (LBO) – Fitch Ratings Lanka which affirmed People’s Merchant Bank’s (PMB) long-term BBB (lka) rating Friday said its assets grew 44 percent in the last financial year. The outlook on the rating is stable. “PMB’s rating takes into account its modest profitability and satisfactory asset quality,” Fitch said. It also considered the […]
Sri Lanka to host Asian Rugby tournament
COLOMBO, July 26, 2007 (AFP) – Sri Lanka has been confirmed as host of the Asian Rugby championship in November after the world governing body was assured of the players’ safety, a top official said on Thursday.Dilroy Fernando, the chief executive officer of the Sri Lanka Rugby Football Union, said the International Rugby Board (IRB) […]
Flat Profits
July 26, 2007 (LBO) – Dialog Telekom, Sri Lanka’s largest celco saw consolidated net profits dip by a marginal 3 percent in the June quarter as start-up costs of a new pay TV division dragged the group bottom line down. “DBN will expand its fixed wireless operation into four more districts including Colombo, during the […]
Easy Dollars
July 26, 2007 (LBO) – Sri Lanka has relaxed foreign currency transactions in the country by allowing money changers to sell as well as buy forex and also relaxed rules on operating non-resident foreign currency accounts. The Central Bank, which regulates the industry, said in a public notice that nine money changers out of 62 […]
Flying Elephant
July 25, 2007 (LBO) – SriLankan Airlines has started to serve a popular ice cream brand of the island on its flights to India as part of a strategy to boost the variety foods on its flights, the national carrier said. The short-haul flights to India are a key spoke in the carrier’s international network […]
Renaissance
MCCLEAN LAKE, Canada, July 24, 2007 (AFP) – Twenty years after the Chernobyl disaster poisoned the world’s taste for reactors, a French firm is sniffing out fresh uranium supplies in Canada.And the race for nuclear power is back on.After the deadly Chernobyl reactor explosion in Ukraine in 1986 and a lesser scare at the Three […]
‘s easy win
July 23, 2007 (AFP) – Sanath Jayasuriya became the first player to achieve the one-day double of 10,000 runs and 300 wickets as Sri Lanka thrashed Bangladesh by five wickets here on Monday. The 38-year-old veteran gave an impressive all-round performance, taking 4-31 before making 24 to help the home side take an unbeatable 2-0 […]