Category: Industry
New Blend
July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur competition in the sector. New investors will also be allowed to blend lubricants locally, though the small size of the local lube market is widely expected to support just […]
Slow Down
VIENNA, July 17, 2006 (AFP) – Developments in the oil industry should help cool crude prices in 2007 but the market will remain vulnerable to geopolitical tensions, OPEC said in its July report published Monday. “The expected increase in OPEC capacity, combined with the projected decline in required OPEC crude, should help to moderate prices,” […]
Priority Road
July 17 (LBO) – A research study has indicated that the construction of the Colombo Outer Circle Road should have the highest priority, a logistics expert said. Professor Saman Bandara of the Transport and Logistics Department of the University of Moratuwa says the Outer Circle Road should be built before the proposed expressways. The second […]
Bigger Mix
July 16, 2006 (LBO) – Sri Lanka Sunday invited new lubricant players to invest in the country, following interest from a few foreign companies. The government’s privatisation unit, PERC, said new players can either: 1) import, export, blend, produce, supply, distribute and sell lubricants in Sri Lanka; or 2) import, export, supply, distribute and sell […]
‘s cricket umpires
NEW DELHI, July 16, 2006 (AFP) – India’s cricket chiefs are negotiating with Microsoft for new software aimed at raising umpiring standards in the country, an official said on Sunday. The Indian board will record all domestic matches with six cameras and the footage will be analysed by the software to be developed by Microsoft, […]
Empty Space
July 16, 2006 (LBO) – Sri Lanka™s private television stations said Sunday that they will be forced to stop broadcasting Hollywood blockbusters and serials following a controversial film tax that kicked in today. “Regrettably we will be forced to restrict our programmes and suspend popular dramas from tomorrow (Monday) if we don’t get a favourable […]
Microsoft software to improve India’s cricket umpires
NEW DELHI, July 16, 2006 (AFP) – India’s cricket chiefs are negotiating with Microsoft for new software aimed at raising umpiring standards in the country, an official said on Sunday. The Indian board will record all domestic matches with six cameras and the footage will be analysed by the software to be developed by Microsoft, […]
Italian makeover for Indian cricketers
NEW DELHI, July 14, 2006 (AFP) – India’s cricketers could soon be touring in Italian designer suits if a deal goes ahead with Milan-based fashion house Canali, an official said Friday.Canali has bid a handsome amount for the rights to provide jackets, trousers, shirts, ties and shoes for the players, Indian cricket board secretary Niranjan […]
Sri Lanka hunts for sponsorships and volunteers for South Asian Games
July 14, 2006 (LBO) – Sri Lanka will host the tenth South Asian games in August, but is scraping the barrel for sponsorships and volunteers to pull it off. Required sponsorships have gone up from an expected 200 million rupees to 300 million, following unplanned expenses to upgrade the Sugathadasa Stadium. We have raised about […]
‘s cricket
July 14, 2006 (AFP) – Sri Lanka’s only World Cup winning captain Arjuna Ranatunga is among four cricketers recommended by ex-players to run the sport in the island nation, sources told AFP on Friday.Elections to Sri Lanka Cricket (SLC), scheduled to be held on Saturday, were cancelled on the advice of the country’s President Mahinda […]
Now Showing
July 14, 2006 (LBO) – The local cinema industry is trying to get a 15 percent Value Added Tax (VAT) on theatre tickets lifted from August, top officials said Friday. The government has agreed in principle to exempt theatre tickets from VAT, from August 1, and we have to now prepare a Cabinet memorandum to […]
Tourist arrivals dip in June as industry battles off-season, politics
July 14, 2006 (LBO) – Tourist arrivals to Sri Lanka slipped slightly in June as arrivals from some key markets in Europe, including the United Kingdom, turned negative. Arrivals dropped 3.6 percent in June to just over 44,000 tourists, Sri Lanka’s Tourist Board said, with the industry still in off-season and also battling political upheaval. […]