Category: Industry
Precipice
June 10, 2007 (LBO) – Sri Lanka is on the brink of the dangerous path of petrol and diesel rationing, which will give set amounts of subsidized fuel to users, reports said. Related Story Rata Perata: Oil-rich Iran to ration petrol to get out of subsidy fiasco Updated The weekly Nation newspaper said the government […]
Sri Lanka Cricket in new attempt to dump chief selector
June 8, 2007 (AFP) – Sri Lanka’s cricket administration Friday made a fresh attempt to dump chief selector Asantha de Mel in a row over the controversial Abu Dhabi one-day series. “I have time till end July to make the final decision,” Lokuge said. “I shall see what I should do then.” Sports Minister Gamini […]
Sri Lanka cricket chief bailed over share scam
June 9, 2007 (AFP) – Sri Lanka’s cricket chief Jayantha Dharmadasa was granted 100,000 rupees (910 dollars) bail by the commercial court of Colombo over his alleged role in manipulating share prices.Dharmadasa, who heads Sri Lanka Cricket, the governing body of the sport, his son and seven others are charged with illegally boosting the share […]
Personal Identity
June 09, 2007 (LBO) – Sri Lanka would soon be sounding out operators on making mobile telephone numbers portable, telecom minister Rauf Hakeem said. “In Andra Pradesh, base stations for which approvals are not given in a fixed time, or not objected to, are considered given,” Hakeem said. “We need to be pro-active in reform, […]
Big Money
June 08, 2007 (LBO) – Dialog Telekom signed up with Board of Investment to invest 33 billion rupees (300 million dollars) to expand existing services and set up broadband fibre optic and microwave transmission networks across the island. As an internal conflict intensifies, telecoms remain one of few remaining growth sectors. The investment to be […]
Health South
June 08, 2007 (LBO) – Hemas group a listed diversified group that is in consumer goods, energy, leisure and healthcare said it had acquired a hospital in the southern Sri Lankan city of Galle. Hemas said the privately-owned Southern Hospital will soon be upgraded with new medical technologies. “Hemas Southern Hospitals will, over the next […]
Cell Cash
June 8, 2007 (LBO) – The cellular operator Mobitel has raised five billion rupees through a syndicated loan to fund its expansion into rural Sri Lanka, officials said. The 8-year loan was syndicated by HSBC Sri Lanka. Bank of Ceylon, Peoples’ Bank, Hatton National Bank and HSBC itself brought in a billion rupees each while […]
Sri Lanka apparel makers increase backward integration
June 08, 2007 (LBO) – Sri Lanka’s garments industry has increased sourcing of fabric from the region and making accessories at home under its backward integration plan to strengthen its base, an industry official said. In 2003 the industry imported 194 million dollars worth of accessories and trims but this fell to 181 million dollars […]
Rural Link
June 8, 2007 (LBO) – The first of a series of ‘cyber-centers’ that will link rural business in Sri Lanka with the internet has been opened in the central hill town of Matale, the United States embassy said.The public private partnership where Qualcomm, Microsoft, and Sri Lanka’s Dialog Telekom InfoShare, National Development Bank, and Lanka […]
Sri Lankans star in Afro-Asia encounter;survives Pollock scare
BANGALORE, India, June 6, 2007 (AFP) – Shaun Pollock smashed a maiden one-day century, but failed to stop Asia from posting a 34-run win over Africa in the first match of the Afro-Asia cricket series here on Wednesday.The South African scored a robust 130 as his team were restricted to 283 while chasing a stiff […]
No More
June 07, 2007 (LBO) – A pioneer of Sri Lanka’s information technology sector, who headed two government agencies dealing with ICT and also founded a computer faculty in Sri Lanka has passed away. . Professor V. K. Samaranayake, 68, had died in Sweden, Wednesday, a spokesperson for Sri Lanka’s ICT Agency of which he was […]
Positive Growth
June 7, 2007 (LBO) – Alcatel-Lucent, the largest telecom equipment manufacturers in the world, opened a branch in Sri Lanka Thursday saying sales have doubled in the island during the last two years. “All the south Asian markets are very competitive. We will continue to provide support to our customers and we will push for […]