Category: Industry
Indian Presence
Jan. 29 (LBO) – Mumbai based UTI Bank has sought a license to set up a commercial bank in Sri Lanka, soon after ICICI bank was given the go ahead to start operations by the Central Bank of Sri Lanka.Pending the license, UTI Bank has tied with Asia Capital, the parent company of Asia Securities, […]
Big Mama
Jan. 30 (LBO) ? Sri Lanka’s state-run Bank of Ceylon said Monday, that a generally upbeat sentiment in business helped its profits swell by 13 percent for the past year.Jan. 30 (LBO) ? Sri Lanka’s state-run Bank of Ceylon said Monday, that a generally upbeat sentiment in business helped its profits swell by 13 percent […]
High Power
Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to around Rs.11.00 a unit once an expensive diesel plant comes on line next year to shore up the crisis riddled energy sector according to an expert.Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to […]
Garbage In
Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Dumping in wetlands and open fields has not only […]
Warning from the sky
Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Once […]
Social Constraints
Sri Lankan architects say post-tsunami reconstruction has ignored the coastal community’s social makeup and small neighbourhood lifestyles.Sri Lanka Institute of Architects President Rukshan Widyalankara says the island’s population live in a small neighbourhood setup, with each household establishing its “status” through the size, structure and contents of their homes. “Neighbourhoods thrive on the concept of […]
Thrice Lucky
The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan.The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan. […]
Crowded Space
World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace.World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace. WIPO says 1,456 cases were filed […]
Galadari Hotels to convert long standing debt, to equity
Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity.Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity. In a statement to the Colombo Stock Exchange (CSE) the […]
Very Berry
Jan 26 (LBO) – Sri Lankan cellular giant Dialog Telekom together with Canada?s Research in Motion, launched the ultimate in electronic leashes on Thursday ? the Blackberry mobile data and personal information management tool. Jan 26 (LBO) – Sri Lankan cellular giant Dialog Telekom together with Canada?s Research in Motion, launched the ultimate in electronic […]
Tourist arrivals to Sri Lanka drops by 3% in 2005
Jan 26 (LBO) – Sri Lanka’s tourism industry struggles back to its feet after the tsunami, to be knocked down by internal politics.Jan 26 (LBO) – Sri Lanka’s tourism industry struggles back to its feet after the tsunami, to be knocked down by internal politics. The Sri Lanka Tourist Board on Thursday, reported a 3 […]
Writers Peril
Reporters Without Borders – an international group promoting media freedom condemned Tuesday’s killing of a Sri Lankan Tamil journalist. Reporters Without Borders – an international group promoting media freedom condemned Tuesday’s killing of a Sri Lankan Tamil journalist. Subramaniyam Sugirdharajan, working for the Tamil-language daily Sudar Oli, was gunned down in Trincomalee after covering abuses […]