Category: Industry
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. […]
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 […]
Positive Trend
July 13, 2007 (LBO) – Sri Lanka’s exports in May has surged 25.8 percent driven by a 45.5 percent jump in apparel shipments largely to the United States and the European Union, the Central Bank said Friday. Exports grew to 641 million US dollars in May 2007 against 509 million dollars in May 2006. “Persistently […]
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 […]
Sri Lanka spins off Bangladesh cheaply
KANDY, Sri Lanka, July 12, 2007 (AFP) – Sri Lankan spin wizard Muttiah Muralitharan grabbed 6-28 as Bangladesh were shot out for 131 on the second morning of the third and final cricket Test here on Thursday. The tourists, who resumed at their overnight score of 72-4, lost their last six wickets for 33 runs […]
Standing By
July 12, 2007 (LBO) – Sri Lanka’s United Motors Lanka Limited has put off plans to diversify into big property developments as the market for high-rise space seems to be slowing, officials said. UML Property Development’s profits were tax free for a period of seven years and now are taxed at a concessionary rate. The […]
Consolidation
July 12, 2007 (LBO) – Asian Finance is planning a merger with its parent company, Lanka Ratings (LRA) said, while confirming a negative outlook on the firm’s rating due to its high exposure to the share market. Lanka Ratings Agency confirmed BBB3 investment grade rating of Asian Finance. “The negative outlook is premised on the […]
Money Man
July 12, 2007 (LBO) – The governing board of Sri Lanka’s central bank is filling a vacancy with President’s Counsel K C Kamalasabayson, the monetary authority said Thursday. He was educated at St. Thomas’ College Mount Lavinia and was conferred a First Class Honours Pass at the Advocates Final Examination from Sri Lanka Law College […]
Body Check
July 11, 2007 (AFP) – An Etihad Airways plane en route from Indonesia to the United Arab Emirates made an emergency landing in Sri Lanka Wednesday following a bomb scare, an airport official said. Flight EY-471 from Jakarta to Abu Dhabi was diverted to Colombo and checked by police commandos and bomb disposal units, the […]
Power Seed
July 11, 2007 (LBO) – Sri Lanka is seeking Indian support to develop bio-diesel plants in the island’s Puttalam region, north of the capital Colombo, a senior public estate management ministry official says. The bio-diesel project, which is to be launched in mid-July, will use the Jatropha plant (endaru), Merinus Fernando, advisor to the ministry […]