Category: Industry
Affordable Rides
October 25, 2006 (LBO) – Sri Lanka Wednesday cut retail fuel prices, to ease living costs and inflationary pressures, though the treasury still owes the state petroleum giant over 13 billion rupees. With effective midnight, petrol at the pump will be priced 5.00 rupees less at 92.00 rupees, and diesel goes down 2.00 rupees to […]
Major Update
SAN FRANCISCO, Oct 24, 2006 (AFP) – Mozilla on Tuesday released a new version of its Firefox web browser that has gained popularity as a free alternative to Microsoft’s ubiquitous Internet Explorer software.In the two years since its release by the nonprofit Mozilla Foundation, the Firefox browser has won millions of devotees worldwide. The Firefox […]
BPO Ponzi
October 25, 2006 (LBO) – A Ponzi-style fraud that was masquerading as an internet based outsourcing company, shut up shop Wednesday, leaving thousands of Sri Lankan defrauded of millions of rupees. Mt. Lavinia police said the operators, who ran a company called Seagullsoftwares have fled the office and they had no idea how many people […]
Bigger Say
October 25, 2006 (LBO) – Sri Lanka’s conglomerate John Keells Holdings Ltd Wednesday said it has raised its ownership in port operator South Asia Gateway Terminals (Pvt) Ltd to 33.75 percent. “The success of SAGT further proves the ability of Sri Lankan companies to develop and add value to large scale infrastructure projects,” Ratnayake added. […]
Child™s Play
October 23, 2006 (LBO) – The Ceylinco Consolidated Group™s 3-billion rupee state-of-the-art women and children hospital is due to open in March 2008. The privately owned Golden Key Hospital for Women and Children, aims to offer pediatric, maternity and gynecological services. Built on a land in Narahenpita, the 200 bed hospital hopes to be fully […]
Jumbo Sizes
Oct 23, 2006 (LBO) – Sri Lanka is to expand and re-surface its runway to handle jumbo sized A380 airbus aircraft, capitalising on delays that have pushed back release of the new super-sized planes to 2009. Part of Emirates plans also includes new aircraft possibly 777-300s or A340s for Sri Lankan Airlines, though beefing up […]
‘s Murali, Mahela in ICC award shortlist
MUMBAI, Oct 22 (AFP) – Pakistani paceman Mohammad Asif has been shortlisted for an ICC award despite testing positive for a banned substance, it was announced here on Sunday. “Asif is eligible for the award as the period under consideration was before the doping offence,” said Malcolm Speed, chief executive of the International Cricket Council […]
Happy Texting
SINGAPORE, Oct 22, 2006 (AFP) – Text messaging remains the most dominant mode of mobile data communication, as high costs and cumbersome procedures keep customers from fully embracing fancier applications, industry players say.As revenue from voice service narrows, mobile operators are hard pressed to find a key new application that will continue generating cash like […]
Holidaymakers sanguine but hoteliers worry after attack in Southern Sri Lanka
GALLE, Sri Lanka, Oct 22(AFP) – Holidaymakers on the beaches around Sri Lanka’s southern port of Galle seemed unconcerned about last week’s Tamil Tiger suicide attack here, but industry professionals are shaking their heads.The three decades of ethnic bloodshed in the island nation have claimed more than 60,000 lives. One day after five Tiger rebel […]
Sri Lanka lowers tourist arrival targets, as Australia issues tough travel warning
Oct 20, 2006 (LBO) – Sri Lanka may still cross the half a million tourist arrival mark this year though falling short of targets, even as Australia issued a tough warning on Friday not to travel to the troubled island. Fighting between Sri Lanka government and Tamil rebels have escalated in recent months, with some […]
Best Deals
Oct 20, 2006 (LBO) – SriLankan Airlines says it will consider lowering fuel surcharges on tickets in January if oil prices continue to fall, while it also expands further into Indian metropolitan cities this winter. The airline is currently buying jet fuel at 1.92 dollars a gallon, down from the highs of 2.28 dollars a […]
Speedy transfers
October 19, 2006 (LBO) – Sri Lanka’s People’s Bank, has tied up with global money transfer giant Western Union, to enable their customers to remit funds to their families here. “This is a 240-250 billion dollar market and we have around 16 percent of market share in this field,” Kapur said. Over a million Sri […]