Category: Industry
Chock Full
August 13, 2007 (LBO) – Congestion in Asian ports like Colombo is affecting cargo flows to the United States and ship schedules with the squeeze expected to continue into the next year, a body representing major shipping lines has said. Forward bookings suggest that the trend will continue into August, and retailers forecasts record eastbound […]
Sri Lanka Tourist Hotels Association elects Cooray as president
August 12, 2007 (LBO) – The Tourist Hotels Association of Sri Lanka has elected as its president Hiran Cooray of Jetwing Hotels, a tour operator with a chain of hotels that’s also promoting eco-tourism in a big way. Four vice presidents were also elected at the association’s annual general meeting representing different segments of the […]
Living Free
August 12, 2007 (LBO) – Sri Lanka’s government doctors have ordered more than two hundred luxury sports utility vehicles as a scheme to give duty-slashed vehicles to state workers gets under way. So far 1,200 applications for vehicles have been processed in a scheme to give 25,000 duty slashed vehicles to senior government workers, ETV’s […]
Chip Block
August 11, 2007 (LBO) – HSBC, Sri Lanka’s largest credit card issuer, has announced new technology to combat fraud but said its local acquiring network would be upgraded only in the first quarter of next year.In addition to the standard magnet strip, the new ‘smart’ cards issued from this month would have an embedded micro-processor […]
‘s rebel league
COLOMBO, Aug 10, 2007 (AFP) – Sri Lankan cricket’s governing body on Friday threatened to ban any national player who took part in the breakaway multi-million dollar Indian Cricket League. Ex-Australian stars Shane Warne and Glenn McGrath have dismissed claims by the ICL that they have already signed up but the duo continue to be […]
Sri Lanka apparel industry urged to focus on consumer concerns
August 10, 2007 (LBO) – Sri Lankan apparel exporters have been advised to focus attention on the industry’s impact on the environment or ‘footprint’ and the chemical composition of its products in response to rising European consumer demands. The industry’s decision to specialise in the manufacture of intimate wear, lingerie and underwear is paying off […]
Cyber Tea
August 10 (LBO) – Sri Lanka’s Tea Board has successfully completed the pilot run of an automated export document processing system that can speed up operations and has invited all exporters to get online. The system, designed and implemented by eServices Lanka, allows tea exporters to submit export documents for approval electronically without having to […]
Real Pros
Aug 10, 2007 (LBO) – One of Sri Lanka’s top professionals in the fast-growing telecommunications industry has advised his peers to stay in the island despite problems, saying developing economies have more change and opportunity. “The General System of Preferences (GSP) scheme the state achieved was due to our ethical corporate behavior and very good […]
Sri Lanka faces cricket selector trouble
Aug 9, 2007 (AFP) – A depleted selection panel picked Sri Lanka’s Twenty-20 World Championships team Thursday following a spate of no-shows and resignations from the committee, sports minister Gamini Lokuge told AFP. “But I have told Sri Lanka Cricket that I have no objection if the selectors are given an allowance and other perks […]
Sri Lanka name strong Twenty20 squad
Aug 9, 2007 (AFP) – Mahela Jayawardene will lead a strong Sri Lankan team to the inaugural Twenty20 World Championships to be held in South Africa in September, officials said on Thursday.The 15-man squad shows no surprises, with prolific off-spinner Muttiah Muralitharan confirmed to play after earlier reports suggested that he may be rested from […]
Tele Rating
August 9, 2007 (LBO) – Standard and Poor’s (S&P) has upgraded the outlook on Sri Lanka Telecom (SLT) from negative to stable while affirming its ‘B+’ foreign currency and ‘BB-‘ local currency rating. “The rating on SLT continues to reflect the long-term rating on the sovereign given its government ownership and its exposure to domestic […]