Category: Industry
Hello Hello
February 09 (LBO) – Sri Lanka Telecom’s profits surged in the last quarter by 160 percent driven by strong revenue growth taking annual profits up by 76 percent, results released Friday showed. SLT’s group revenue with mobile services rose 25 percent to 40 billion rupees in the year to December, while profits after-tax grew to […]
Not Funny
February, 08 (LBO) – A decision by the Ceylon Petroleum Corporation to tender its liquid petroleum gas output in the open market will re-create an absolute monopoly, Sri Lanka’s second gas retailer has said. CPC which produces about 10 percent of the country’s annual L P gas requirements now sells its production to Laugfs Lanka, […]
Rain stops India-Sri Lanka one-dayer
KOLKATA, India, Feb 8, 2007 (AFP) – Unseasonal rain turned into a torrential downpour, forcing the first one-day international between India and Sri Lanka to be called off here on Thursday.A sell-out crowd of 88,000 at the Eden Gardens returned home disappointed as the weather ruined what promised to be an absorbing contest. Sri Lanka […]
Broader Access
Feb 08, 2007 (LBO) – Sri Lanka’s largest mobile operator, Dialog Telekom which helped make mobile phones a ubiquitous device in the country, says it wants to do the same to the digital pay TV industry. “If I were to trace back ten years, we took that device that was considered a luxury – a […]
Jumbo Records
February 8, 2007 (LBO) – Guinness World Records could start a new record category on jumbo sized cabinets of ministers if a formal request is made, a Guinness official said. Rajapakse’s former ally, the Marxist JVP or People’s Liberation Front, said the huge cabinet for a country of 19.5 million people had made Sri Lanka […]
Oil Deposit
February 07, 2007 (LBO) — Sri Lanka has asked governments of India and China to make a 100 million dollar deposit each, for securing a block to explore oil off the shores of the island, a top official said.“Out of the eight identified oil blocks we have given one each to India and China on […]
India and Sri Lanka tune up for World Cup
KOLKATA, India, Feb 7, 2007 (AFP) – India and Sri Lanka get an early chance to size up each other ahead of the World Cup when they play a four-match limited overs series starting here on Thursday.Both teams are drawn together in group B of the World Cup preliminary rounds alongside Bangladesh and Bermuda, with […]
Tech Assisted
Feb 07 (LBO) – Sri Lanka is to get help from global Information Technology company Microsoft, to revamp local IT literacy skills, currently ranked lower than other South Asian countries. Director of public sector programs for Microsoft, Vincent Quah says, the ICT literacy level among Sri Lanka’s population is around 10 to 15 percent compared […]
Post Men
Feb 06, 2007 (LBO) – Sri Lanka is boosting is postal service with thousands of new postmen, the country’s outgoing posts minister said. Former posts and telecommunications minister D M Jayaratne, who was replaced in a recent cabinet re-shuffle, said Sri Lanka post had received state approval to recruit 5,000 postmen and 4,000 substitutes. The […]
Option Collar
February 6 (LBO) – The Ceylon Petroleum Corporation will hedge up to a quarter of its diesel imports using options, with the first contract to be signed in a matter of days, officials said Tuesday.. Ceypetco wanted to cap the diesel import price at around 70 dollars a barrel, but the price had already moved […]
Gas Change
February 06, (LBO) – Ceylon Petroleum Corporation would call open tenders to sell the liquid petroleum gas produced at its refinery, Petroleum Minister A H M Fowzie said. Laugfs Gas, the company which had a 5-year contract to buy the LP Gas from Ceypetco had been given a 3-month extension until April 21. Laugfs now […]
Wrong Country
GENEVA, Feb 6, 2007 (AFP) – A group of Sri Lankans who paid for jobs in the Gulf were locked into a building site in Iraq for two weeks before they realised they were in the wrong country, an international agency said Tuesday.The 17 Sri Lankan migrant workers, who had paid 2,000 dollars each to […]