Category: Industry
Quick Turnaround
March 29 (LBO) – SriLankan airlines says its emergency procedures allowed it and Sri Lanka’s main international airport to swing back into action within hours of a temporary closure earlier this week. “I doubt that any other major airport in the world could have recovered as quickly as we did,” Peter Hill, CEO of SriLankan […]
Italian Flavour
March 29, 2007 (LBO) – Competition in Sri Lanka’s automobile market is increasing with the launch of a range of small Fiat cars well suited for local roads. The Italian manufacturer, famous for its Ferrari and Alfa Romeo brands, wants to capture a slice of the island’s small but growing auto market, dominated by Japanese […]
Pakistan not ruled out of Woolmer murder probe: police
KINGSTON, March 27, 2007 (AFP) – Detectives investigating the murder of cricket coach Bob Woolmer on Tuesday denied claims that Pakistan’s squad had been ruled out of the inquiry as potential suspects. Deputy Police Commissioner Mark Shields said comments made by Pakistan spokesman Pervez Mir that detectives had cleared team members of any involvement in […]
’s top apparel exporter slot filled by Brandix
March 28, 2007 (LBO) – The Brandix group has been named the top apparel exporter by Sri Lanka’s export promotion agency, the company said Wednesday. It makes casual bottoms, intimate and active wear, textiles, knitted fabrics, sewing and embroidery thread, accessories and hangers, and offers wet processing and finishing and fabric printing. Brandix said it […]
Speedy Trades
March 28, 2007 (LBO) – The latest version of its securities trading system can execute more trades ten times faster than the previous one, software maker MillenniumIT said. The company is headquartered in Sri Lanka with offices in Boston, New Jersey, London, and Mumbai. The new version of the Millennium Exchange released this month has […]
Carbon Lag
March 27, 2007 (LBO) – Sri Lanka is still far behind neighbouring countries in carbon trading which has the potential to earn much foreign exchange, experts said. The island can plant indigenous forests and develop alternatives to carbon emitting energy sources to do carbon trading which is still not being used to its fullest extent, […]
Fuel Mix
March 28, 2007 (LBO) – Sri Lankan Airlines said Wednesday it will incorporate the fuel surcharge into air fares from April 01, effectively raising ticket prices and ending the possibility of lifting the charge if oil prices fall. The airline will implement this change to most destinations with a few exceptions, due to regulatory issues,†[…]
Development Equity
March 27, 2007 (LBO) – The Asian Development Bank (ADB), which is funding the breakwater and dredging of Colombo port’s expansion project, may take an equity stake in one of its container terminals, an official said. The South Port project will see three terminals being built in the first phase. Updated ADB Country Director Richard […]
In-form Sri Lanka gun for South Africa
GEORGETOWN, Guyana, March 27, 2007 (AFP) – Sri Lanka coach Tom Moody expects his team to maintain consistency as they prepare to earn vital points against South Africa in a World Cup Super Eights clash here on Wednesday. “A win tomorrow will put us in a strong position because South Africa are not going to […]
Whatmore dreams of golden future for young giant-killers
ST JOHN’S, Antigua, March 27, 2007 (AFP) – Bangladesh coach Dav Whatmore is dreaming of a golden future for his young side who edged out India for a place in the World Cup Super Eights. Bangladesh have made the second round for the first time and will face Australia, Whatmore’s own country, in their next […]
Pitch mystery for South Africa and Sri Lanka
GEORGETOWN, Guyana, March 27, 2007 (AFP) – South Africa and Sri Lanka will be entering new territory when they meet in a World Cup Super Eight match at the Guyana National Stadium Wednesday. Rain prevented both teams from practising Monday and the pitch remained under cover, so the players could not make any assessment of […]
Closed -Update02
COLOMBO, March 26, 2007 (AFP) – Sri Lanka’s only international airport was shut early Monday following a suspected Tamil Tiger attack on an adjoining military airbase, officials said.. Passengers who had boarded aircraft were asked to disembark and taken to a shelter, officials said, adding that the move followed gunfire and explosions heard at the […]