Category: Industry
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 […]
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 […]
Aitken Spence to raise million of dollars in India for Kerala hotel project
August 29, 2006 (LBO) – Aitken Spence Hotels Holdings together with an Indian partner plans to raise up to ten million dollars in India, to fund its hotel expansion into Kerala. The company has tied up a 50:50 joint venture deal with Floatels India Limited, to buy up a 15 acre plot of land on […]
Top Offers
August 28, 2006 (LBO) – Just over ten foreign and local firms put in bids for a license to market lubricants in Sri Lanka, when offers closed on Monday, a top official said. Sri Lanka threw open its lubricant market in July, calling for bids from interested investors to blend lubricants locally or import and […]
Oil Options
August 28, 2006 (LBO) – Sri Lanka is trying to terminate an agreement with Norwegian survey company TGS Nopec and buy up three years worth of seismic data on potential oil deposits off the island’s coast for 10 million dollars. In an agreement between the government and TGS Nopec signed in 2002, the company would […]
Battle Plan
August 26, 2006 (LBO) – Sri Lanka is trying to clinch a free trade deal with Canada to push its apparel exports, with the industry also promised a government goodie bag like cheap land and electricity, to battle China and Vietnam. “We are working with the government for a duty free deal with Canada it […]
Umpire Hair no stranger to controversy
LONDON, Aug 25, 2006 (AFP) – Australian umpire Darrell Hair is no stranger to controversy. Hair, who sparked international cricket’s latest crisis after Pakistan’s forfeiture of the fourth and final Test, is a love-hate figure within the cricket world.He also delivered a bouncer to the ICC on Friday by revealing he had offered his resignation […]
Rocket Ride
August 25, 2006 (LBO) – Cheque usage in Sri Lanka has rocketed up, after an image clearing system is speeding up clearing, an official said. Sri Lanka’s central clearing house, LankaClear (Pvt) Ltd says usage has almost doubled within months of introducing an image clearing and truncation system, which has eliminated the physical transportation of […]
Backup Band
Aug 24, 2006 (LBO) – Sri Lanka’s accounting watchdog has formed a committee to of experts to facilitate the flow emerging trends in accounting and auditing standards The panel will assist the Sri Lanka Accounting & Auditing Standards Monitoring Board (SLAASMB) staff to interact with industry experts on technical aspects, the watchdog said in a […]