Category: Industry
Tech Boom
May 08 (LBO) – Kobian Technologies tied up with Intel on Monday to launch a new tech platform that offers a leap in performance and graphics for mobile computers. Based on the The Intel® Centrino® Duo mobile technology, users can see a 70 percent gain in performance and 28 percent gain in power usage over […]
Cancer Aid
May 08 (LBO) – Ceylinco Healthcare Services is to set up Sri Lanka’s first private cancer treatment facility by May next year, to treat even advanced cases of the disease.The facility will support its existing cancer screening unit that offers genetic counselling and also tests for oral, breast, stomach, cervical and other cancers. The new […]
Safe-Keeping
May 08 (LBO) – Investors in government securities are being asked to register online with the Central Bank for regular, updated information on their transactions. With LankaSecureNet, investors can get regular information on transactions, interest income and outstanding balances of Treasury Bills and Bonds, the Central Bank said in a statement on Monday. With the […]
Jayasuriya was forced to quit Tests, says Sri Lanka’s selector
COLOMBO, May 8, 2006 (AFP) – Sri Lanka’s veteran cricketer Sanath Jayasuirya retired from Test cricket last month after being handed an ultimatum to either quit or be sacked, newly-appointed chief selector Asantha de Mel said Monday De Mel, who replaced Lalith Kaluperuma as chairman of the selection committee last week, blamed his predecessor for […]
New Deal
May 08 (LBO) – The Power Ministry said Monday that it would pump in funds to upgrade 100 state held fuel sheds, left over from privatising Sri Lanka’s retail fuel sector. Sri Lanka’s retail fuel market is shared by state oil giant Ceylon Petroleum Corporation and Indian Oil Corp., each holding a one third stake […]
Sri Lanka to begin work on Colombo-Katunayake highway in May
May 11 (LBO) – Sri Lanka is to begin work on the Colombo-Katunayake toll road this month tying up a construction deal with China Metallurgical Construction Group.Cabinet approval for the project came through on Wednesday, Jeyraj Fernandopulle, Minister of Highways told a Cabinet press briefing on Thursday. The tentative kick-off date for the building the […]
China Parley
More than 50 senior executives of Chinese firms are participating in a business forum in Colombo, as commercial ties between the two countries continue to strengthen. The two day China-Sri Lanka CEO Summit, to be held on May 08th and 09th has been organized with the Asian Capital Forum, a CEO club and conference organizer. […]
John Keells eyes new hotel properties in Maldives, bookings down in Trinco
May 05 (LBO) – John Keells Holdings eyes the Maldives for hotel expansion as city hotels see a slight drop in bookings and its resort on the East coast suffers from current political instability. We have seen a slight drop in bookings in our city hotels, but the effect on our resort hotels is minimal.Our […]
Commercial Gain
Foreign exchange profits and book gains in investments has boosted profits of Commercial Bank in the first quarter of 2005.Undaudited Group post-tax profit of 943.1 million ruees for the first quarter of 2006 was a 170 percent increase over the Rs 348.5 million reported in the first quarter of last year, the bank said. Of […]
Going Upstream
May 2 (LBO) – Sri Lanka is setting up an upstream oil company as the country gets ready to auction several off-shore oil exploration blocks, Petroleum Minister A H M Fowzie said. An upstream petroleum company engages in exploration and production of oil. At present Sri Lanka imports crude oil and the state-owned Ceylon Petroleum […]
Text Box
May 4 (LBO) – Sri Lanka plans to test the limits of smart digital mesh boxes to connect 30 rural homes onto the World Wide Web, officials said. Costing just under 30,000 dollars, this pilot project is initiated by the ICTA the government’s key IT agency is due to kick off in July, giving free […]
Forward Bookings
May 4 (Dow Jones)–Sri Lanka’s Colombo Dockyard Ltd.expects net profit to more than triple this year helped by growth in the company’s shipbuilding division, the company’s chief executive said. “We have already secured a couple of foreign contracts, which will help boost profits,” Mangala Yapa told Dow Jones Newswires in an interview. ¶ He expects […]