Category: Industry
Borrow Gold
July 17, 2007 (LBO) – Sri Lanka’s gem and jewellery industry is lobbying for new financial instruments like ‘gold loans’ to get cost effective funds for those in the trade, especially small businesses. “Valuations can be dealt with,” said Ellawala. “But having it in the vault is not feasible. After all, this is your working […]
Air Pocket
July 17, 2007 (LBO) – Sri Lankan Airline’s consolidated after tax profits dived 50 percent to 862.1 million in the year ended March 2007 the carrier said, as tourists shied off the war ravaged island and fuel costs climbed . . “The largest single factor that affected the airline’s bottom-line was the return to hostilities […]
Monthlies
July 16, 2007 (LBO) – Sri Lanka will adjust fuel prices monthly on a transparent formula to cut losses in petroleum utilities, an official said, which is expected to reduce exchange rate pressure and avoid the build-up of macro-economic imbalances. Ceylon Petroleum Corporation (CPC) Chairman Ashantha de Mel says a cabinet sub-committee on energy had […]
Need Based
July 16, 2007 (LBO) – Sri Lanka has announced fuel subsidies to the poor on state welfare and warned of more price hikes with the onset of a hurricane season that disrupts international offshore petroleum production. The government says they are willing to pay a fuel subsidy to three-wheeler tax owners if they install metres. […]
Better Care
July 16, 2007 (LBO) –Asiri Hospitals group posted a 312.7 million rupee after tax profit for the year ending in March 31, 2007, up almost by half, despite the depreciation of the Sri Lanka rupee that increased the price of imported medical supplies and material. Another 17 percent is held by Softlogic Holdings, an electronics […]
‘s 700-wicket Murali aims for 1,000
KANDY, Sri Lanka, July 14, 2007 (AFP) – Prolific Muttiah Muralitharan has set his eyes on taking 1,000 Test wickets after becoming only the second bowler in history to reach the 700-mark on Saturday. The Sri Lankan off-spinner achieved the landmark with the last ball of the third and final Test against Bangladesh here that […]
Sri Lanka tourist arrivals plunge 30 percent in June
July 15, 2007 (AFP) – Tourist arrivals to Sri Lanka plunged 30 percent in June compared to a year ago as fighting escalated in the country’s bitter ethnic war, the tourism board said Sunday. The rebels have been fighting for a separate homeland for minority Tamil and the conflict has claimed more than 60,000 lives […]
Credit Enhancement
July 15, 2007 (LBO) – A US government agency is giving credit guarantees to small Sri Lankan businesses to increase their access to loans from a specialized leasing firm, the US embassy in Colombo said. The guarantee would be given for up to 3 million US dollars (330 million Sri Lanka rupees) of money lent […]
Air Chase
July 14, 2007 (LBO) – SriLankan Engineering, the technical arm of SriLankan Airlines, is actively marketing aircraft maintenance services armed with a new certification from the European Aviation Safety Agency (EASA), the airline said. The EASA 154 certification will “significantly strengthen” its profile among prospective customers who include airlines throughout Asia and Europe, SriLankan said. […]
Sri Lanka to continue the big lead trend in third test
KANDY, Sri Lanka, July 13, 2007 (AFP) – Sri Lankan batsmen took advantage of a rain-free period to set themselves for a big total in the third and final cricket Test against Bangladesh here on Friday.The hosts, who bowled out Bangladesh for 131 in the first innings, replied with 161-2 by lunch on the third […]
Middleware Spot
July 13, 2007 (LBO) – The open source middleware technology company WSO2 says its products generated wide interest at the SOA World software conference in the United States. The SOA World Conference and Expo held in New York City, USA is the largest independent Service Oriented Architecture and Web Services event in the world, WSO2 […]
IT Literacy
July 13, 2007 (LBO) – India has pledged 13 million rupees to set up 20 computer education outlets called ‘Nenasalas’ in villages in Sri Lanka. Nenasalas, a localized model of telecentres being set up by the Information and Communication Technology Agency of Sri Lanka (ICTA), act as resource centres to spread knowledge and information through […]