Category: Industry
Cable Landing
September 01, 2006 (LBO) – Lanka Bell, one of Sri Lanka’s privately held wireless telecom operators, is in talks with India’s FLAG Telecom to lay an undersea cable linking both countries. The 25 million dollar deal is due to be inked shortly, with the cable also extended from Sri Lanka to the Maldives. “Once finalised […]
Bus Ride
SEOUL, Aug 31, 2006 (AFP) – South Korea’s high-tech giant Samsung Electronics on Thursday unveiled the world’s first fourth-generation (4G) mobile technology with a demonstration on a bus.Samsung said the new technology, an upgraded version of existing wireless communications platforms, would enable users to download 100 MP3 music files in less than 3 seconds — […]
Just Inquiring
August 31, 2006 (LBO) – Sri Lanka Telecom is in talks to acquire a small software company to beef up its technical capacity and expand revenue streams. The island’s biggest fixed line operator plans to do a due diligence on eServices Lanka Ltd, SLT chief executive Shuhei Anan said Thursday. eServices Lanka Ltd is jointly […]
Half Empty
TOKYO, Aug 31, 2006 (AFP) – The global airline industry is expected to almost halve its losses in 2006 thanks to buoyant economic growth and deep cost cuts, the world’s top airline association said Thursday.The industry is now expected to lose 1.7 billion dollars in 2006, much less than the 3.0 billion loss previously feared […]
Fine Tuning
Aug 31, 2006 (LBO) – SriLankan Airlines is in talks with regional carriers from India, Pakistan and the Middle East to carry out third party maintenance checks on aircraft, top airline officials said. The national carrier just successfully completed a multiple C check for an Emirates A330-200 aircraft, called the 4C5Y, usually carried out every […]
Minor Slip
August 30, 2006 (LBO) – Dominant lubricant supplier Caltex Lanka Ltd is expecting a marginal drop in volumes this year as intensified fighting in the northeast dries up sales. Caltex says sales to the conflict zones accounts for around 10-12 percent of total volumes, and was growing steadily until hostilities erupted in July. Prior to […]
Pushing Buttons
August 30, 2006 (LBO) – One of Sri Lanka’s foremost telecom experts, Rohan Samarajiva is due to chair this year’s Digital Opportunity Forum in Korea on Thursday. Samarajiva, who is the current Executive Director of LIRNasia will also deliver the keynote address: Bridging the Divide: Building Asia-Pacific Capacity for Effective Reforms. The two-day parley is […]
Air Pocket
GENEVA, Aug 30, 2006 (AFP) – The world’s top airline association on Wednesday predicted a dip in air travel due to the British terror alert this month, but said the prospects for the sector were nevertheless bright.The incident also prompted tougher restrictions on hand luggage worldwide and boosted security checks on passengers.“While we expect to […]
Cable Cut
August 30, 2006 (LBO) – The Asian Development Bank has dropped the second loan installment due to Sri Lanka, as the government is reluctant to push ahead with Ceylon Electricity Board’s reforms. The Manila based bank had earlier pledged 30 million dollars under a power sector project, with loan installments linked CEB reforms. Loan conditions […]
Red Ink
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, citing unpaid subsidy payments of 116.0 million rupees due from the Sri Lankan government. A unit of the Fortune 500 Indian Oil Corp. the Sri Lankan unit ran […]
‘s leg amid security crackdown
WELLINGTON, Aug 29, 2006 (AFP) – Champion New Zealand disabled athlete Kate Horan is back on track for next week’s world championships after her special running leg was found Tuesday, more than a week after an airline mislaid it.Horan, who until recently held the world record for the 400 metres in her class, used to […]
Security Cable
August 29, 2006 (LBO) – Cable operator CBNSat may need Defence Ministry clearance to re-start transmission, as the company steps up its public campaign appealing to authorities to expedite their government approvals. Over 100,000 viewers in Sri Lanka enjoy CBNSat which has a maximum of 28 international TV channels and packages ranging from 500 to […]