Category: Industry
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August 02, 2007 (LBO) – Sri Lanka should unilaterally liberalise its telecommunications sector even further and update outdated regulations to avoid falling behind the rest of south Asia, a telecom expert has said.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 […]
Sri Lanka names new cricket selection panel
July 31, 2007 (AFP) – Former Sri Lanka fast bowler Asantha de Mel was re-appointed chief of the national cricket selection committee which was reshuffled by the sports minister on Tuesday. De Mel and Don Anurasiri were retained from the previous selection panel and will be joined by Mahes Goonathilake and Ranjith Madurasinghe in the […]
Digital Divide
July 31, 2007 (LBO) – Sri Lanka’s government ICT Agency has expanded its telecentre network to 400 points all over the island to help communities improve their knowledge and access global information. The 400th telecentre or Nenasala was set up Tuesday at the Colombo District Secretariat to provide the public access to internet, phone and […]
Economic Parley
July 31, 2007 (LBO) – The annual sessions of the Sri Lanka Economic Association (SLEA) will look at regional inequalities, employment and social safety nets, health education and infrastructure, its organizers said. “The slow growth of the economy, inequity of income distribution is a major cause of this poverty”, SLEA President A Indraratne said. The […]
New Life
July 31, 2007 (LBO) – The failed Pramuka Bank had been given the nod by the Central Bank to re-open for business from August 01, as the state owned Sri Lanka Savings Bank Ltd, the regulator said. The new bank will settle the liabilities of Pramuka to depositors and creditors according to a scheme to […]