Category: Industry
Water Water
June 22, 2007 (LBO) – Sri Lanka is boosting pipe-borne water supply to the capital Colombo by expanding two water treatment plants, a senior government minister said. The National Water Supply and Drainage Board has negotiated a loan from Hungary to expand the treatment plants at Labugama and Kalatuwawa reservoirs, Information Minister Anura Yapa said. […]
Sri Lanka top opener bowled out of upcoming matches
June 21, 2007 (AFP) – Sri Lankan left-hand opener Upul Tharanga injured a foot and has been ruled out of the first two Tests against Bangladesh compounding problems to secure the top order, an official said Thursday. “Tharanga was hit on his foot by a Lasith Malinga delivery this morning,” Sri Lanka Cricket Secretary Kangadaran […]
Women Power
June 22, 2007 (LBO) – More women are joining the construction industry, attracted by the higher wages that have risen with the boom in building activity, a senior industry official said. Dakshitha Thalgodapitiya, Secretary General of the Chamber of Construction Industry (CCI), said new training centres being set up by the organisation were attracting female […]
Sri Lanka tourism plummets in May
June 22, 2007 (LBO) – Visitors to Sri Lanka plummeted 40 percent in May with Europe and East Asia showing steep falls, as an intensifying conflict, travel advisories and air raids on the capital scared away foreigners. Most listed hotel firms are reporting losses, but major operators who have operations in the Maldives have managed […]
Virtuous Way
June 21, 2007 (LBO) – Sri Lanka’s open source software community is promoting free programs that can be used on operating systems like Microsoft Windows, without breaking anyone’s copyright. . Related Link: Foss Community Website . . The Free and Open Source Software (FOSS) advocacy community says, individuals or small companies that cannot afford proprietary […]
Debenture Quality
June 21, 2007 (LBO) – A 5-year, two billion rupee debenture issue of DFCC Bank has been assigned a rating of AA (lka) while the bank’s long-term rating of the same level has been confirmed, Fitch Ratings said. The rating agency also confirmed the AA- (lka) tag of DFCC’s subordinated debt was also confirmed. The […]
Making Sense
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking network with a good credit culture as an independent entity, officials said. Officials say Lankaputhra can take-over SME Bank under the provisions of company law, but […]
Sino Wheels
June 21, 2007(LBO) – One of Sri Lanka’s largest used vehicle importers plans to import small cars from China and strike a deal with a big Chinese automaker to assemble vehicles locally, an official said.Sterling Automobiles, which claims to import half the reconditioned vehicles to the country from Japan, has just launched a brand new […]
Still Trying
June 21, 2007 (AFP) – The tsunami-devastated Galle International Stadium may not be ready to host the first Test against England later this year.England are scheduled to play at the ground, one of the world’s most picturesque cricket venues, overlooked by a centuries-old Dutch Fort, at the start of December. However, a senior official connected […]
‘s service to the Sri Lanka helps him out
June 21, 2007 (AFP) – Former Sri Lanka captain Marvan Atapattu will not be subjected to a disciplinary inquiry despite his self-imposed absence from the home series against Bangladesh, officials said here Thursday.It was initially expected that Sri Lanka Cricket (SLC) would ask the 37-year-old right-hander to show cause for his decision to stay out […]
Imagine Cup
June 19, 2007 (LBO) – Sri Lanka’s young software developers lack resources but not dedication or talent, says former winners of a students technology competition promoted by the software giant, Microsoft. The Imagine Cup encourages young people to apply their imagination, passion and creativity to develop technological solutions to real world issues, say its organizers. […]
Fund Power
June 19, 2007 (LBO) – Institutional investors in Sri Lanka’s small stock market still lack the strength to influence managements of listed firms on issues like corporate governance, a top fund manager said. Unit trusts or mutual funds still hold only a small slice of the equities on the Colombo bourse, according to S. Jeyavarman, […]