Category: Industry
Jaffna Power
January 18, 2007 (LBO) – Sri Lanka’s power utility has signed up a new independent power supplier for the northern Jaffna area, and extended the contracts of two existing emergency suppliers, a senior government minister said. Sri Lanka based Cool Air has operated a 15 MW plant in Jaffna from 2002. Agrekko set up its […]
Off Air
Jan 18, 2007 (AFP) – Sri Lanka stopped mobile phone services for nearly half a million users in the island’s embattled east as government troops were locked in combat with Tiger rebels, an official said Thursday.More than 60,000 people have died during the 35-year ethnic conflict as minority Tamils fight for an independent homeland. Despite […]
Indian Visitor
January 18, 2007 (LBO) – India’s Bharti Airtel Ltd has been tentatively picked to take up a slot as Sri Lanka’s fifth mobile phone operator, the island’s telecom watchdog said Thursday. “We have issued an offer letter to Bharti, who have a month to make a 4 milllion dollar payment to collect the license,” Telecommunications […]
Herbal Remedy
Jan 18, 2007 (LBO) – Sri Lanka is promoting the cultivation of herbs used in indigenous medicine, through a network of farm villages, in a bid to cut down the cost of imports, a government minister said. Sri Lanka has a separate ministry for indigenous medicines which runs a network of Ayurvedic hospitals, medical centres […]
In a stroke
January 18 (LBO) – Sri Lanka is banning the import of three-wheeler taxis that use two-stroke piston engines from next year, to reduce pollution in urban areas, a senior minister said.Two stroke engines emit particles and unburnt hydrocarbons that are polluting the environment,†Information Minister Anura Yapa said. The air-quality in Colombo has deteriorated with […]
African Wings
Jan 16, 2007 (LBO) – A Sri Lankan firm, which has built a freight forwarding network spanning eight coastal African nations plans to rapidly expand further into the African hinterland this year. “But we have to spread our wings outside Sri Lanka to grow.”
Disabled Friendly
Jan 17 2007 (LBO) – Sri Lankan companies should do more to make it easier for physically challenged customers to work with them, an activist body has said. “An environment of this nature welcomes people.Winning people is definitely a potential business opportunity,” Ajith Perera from the Idiriya organization said. A customer lost is a lost […]
Unit Gains
Jan 17, 2007 (LBO) – Investors in mutual funds with an equity component have managed to beat raging inflation last year, with Sri Lanka’s youngest fund, the Ceylon Index Fund showing the highest returns, its managers said. “We will have a marketing campaign in English, Sinhala and Tamil,” says Ceylon Asset Management CEO, Sharmini Ratwatte. […]
Athletics: Sri Lankan sprinter cleared of doping
Jan 16, 2007 (AFP) – A Sri Lankan woman sprinter who was accused of doping during the South Asian Games in Colombo last year has been cleared of the charge, officials said on Tuesday. Jani Chathurangani de Silva, a double medallist at the August 2006 Games, tested positive for the anabolic steroid nandrolone, and was […]
Connecting Points
Jan 16, 2007 (LBO) – Japan on Tuesday gave Sri Lanka 30 million rupees to design a new bridge connecting Mannar to the mainland, the finance ministry said. The grant will be used to draw up a detailed design of a 157.1 metre, ten-metre wide bridge and to improve and expand the causeway between the […]
‘s Asgiriya stadium
Jan 15, 2007 (AFP) – The historic Asgiriya stadium in Sri Lanka’s hill resort of Kandy is to be replaced by a brand new venue in the same area, a senior cricket official said on Monday. Sri Lanka Cricket (SLC) secretary K.Mathivanan said an agreement would be signed next week with the island’s foreign investment […]
’s Box
January 13, 2007 (LBO) – Sri Lanka’s proposal to retain 50 percent of re-insurance business in a government-backed entity, may deteriorate the quality of cover available to the insurance industry, an international risk evaluator warned Saturday. President Mahinda Rajapakse, who is also the island’s finance minister, proposed to set up a new domestic re-insurance firm […]