Category: Industry
Total Failure
May 10, 2007 (LBO) – Sri Lanka’s national power utility has started to restore power to the capital Colombo following an island-wide power failure, officials said. A failure in the transmission line from the Kelanitissa power generation complex to Biyagama, in the outskirts of Colombo, is believed to have set off a chain reaction, causing […]
ATM Trouble
A part of Sri Lanka’s Hatton National Bank automated teller machine system has encountered a technical problem and is being repaired at the moment, a bank official said.. Our whole network is not down but only 64 machines are down due to a communications problem, he said. The HNB banking network at present has 143 […]
Novel Solution
May 10, 2007 (LBO) – A senior Sri Lankan government official has suggested doubling fuel prices and scrapping free cars and fuel for government servants to solve the island’s transport problem. Road Development Authority (RDA) chairman M.B.S. Fernando also made the startling suggestion that he prefers keeping roads in their present dilapidated state. Slow Roads […]
Tele Numbers II
May 9, 2007 (LBO) – Sri Lanka Telecom, the country’s largest fixed access operator saw after tax profits growing by 53 percent to 1.98 billion in the March quarter, on the eve of a possible shareholder and management change. Revenue grew 14 percent to 10.9 billion rupees in the quarter, according to accounts filed with […]
Still Trying
May 09, 2007 (LBO) — Nippon Telegraph and Telephone, Japan’s largest phone company, said Wednesday it has still not sold its flagship investment in Sri Lanka to the owner of Malaysia’s biggest mobile operator.SLT also controls 16 percent of the country’s cellular market through its mobile phone subsidiary. “It is not a fact that we […]
Corrupt Stories
May 09, 2007 (LBO) – The quality of corporate financial analysis in Sri Lanka is poor and the financial media is believed to be corrupt, a top business executive said Tuesday. Jayaratne said that it was a change in values and attitudes that was required, more than mere compliance with rules. Chandra Jayaratne, a former […]
Travel Delays
COLOMBO, May 9, 2007 (AFP) – Thousands of passengers face travel delays and disruptions starting Thursday, when Sri Lanka’s only international airport closes to night traffic after a series of daring air raids by guerrilla rebels. Travel agents said several major airlines had yet to finalise their new schedules, leaving many travellers scrambling for flights […]
Gilchrist ploy a storm in a glove, says CA
SYDNEY, May 8, 2007 (AFP) – Australian cricket officials Tuesday dismissed Sri Lankan claims that Adam Gilchrist’s use of a squash ball as a batting aid in last month’s World Cup final was unfair.Team vice captain Gilchrist, whose record-breaking 149 led Australia to their fourth title in the Caribbean, said he used the squash ball […]
Ganguly absence irks Bangladesh fans
DHAKA, May 8, 2007 (AFP) – The mystery of the missing Sourav Ganguly has baffled not only Indian fans but also millions of his supporters across the border in Bangladesh. The former India captain and senior pro Sachin Tendulkar were left out of the one-day series starting here on Thursday, with the selectors insisting the […]
Cyber Crime
May 08, 2007 (LBO) – Sri Lanka on Tuesday enacted the Computer Crimes Bill introducing legislation which gives more power to law enforcement agencies when fighting computer crimes, the government ICT agency said. “The Basis of the Computer Crimes Bill is to criminalise attempts at unauthorised access to a computer, computer programme, data or information,” […]
Getting Warm
May 8, 2007 (LBO) – Sri Lanka’s advertising fraternity is kicking off a week long fest in the run up to the Sri Lanka Advertising Awards, the Chillies 2007, its organizers said. It would be held under the theme ˜Insightful Insights™, followed by a party at H20. To be held on May 12 at the […]
Big and Small
May 7, 2007 (LBO) – A local bank and an international micro-finance specialist have tied up with the world’s largest bank to widen banking access to local micro enterprises, officials said Monday. Citigroup Foundation with the Foundation for Development Co-operation (FDC) and Banking with a Poor Network (BWTP) is helping micro-finance organizations build links with […]