Category: Industry
Leaving
May 20, 2014 (LBO) – Tony Weeresinghe, founder of Sri Lanka based MillenniumIT, is to leave the London Stock Exchange group, a media report said. Bloomberg newswires said Weeresinghe planned to leave at the end of June. The report quoted LSE Chief Executive Xavier Rolet as saying in a note to staff that he was […]
Brand Summit
May 21, 2014 (LBO) – Sri Lanka’s LBR-LBO Brand Summit kicked off Wednesday with international and regional experts and practitioners from top corporates in the island participating. The speakers represent a wide range of industries: financial services, hospitality,FMCG, communication, research, consumer durables, technology and export manufacturing, and are from leading local companies and multinationals. These […]
‘s Rocket Internet
May 20, 2014 (LBO) – Lamudi, an online property and real estate portal started by German based Rocket Internet which focuses on emerging markets has launched a Sri Lanka specific site. “Now is the perfect time to be entering the Sri Lankan market,” Wilhelm Hammes, Managing Director of Lamudi Sri Lanka (www.lamudi.lk) said in a […]
Gold Credit
May 20, 2014 (LBO) – A credit guarantee scheme covering gold-backed loans or pawning advances will be set up so that banks will have more comfort to lend against the asset, Central Bank Governor Nivard Cabraal said.But banks saw defaults rising on the credit when gold prices fell and values fell below the collateral. Sri […]
Cricket: England want more Hales heroics against Sri Lanka
LONDON, May 19, 2014 (AFP) – England will hope history repeats itself when they begin their international programme against Sri Lanka with a lone Twenty20 international at The Oval on Tuesday. One of the few highlights for England during a recent tour programme that saw them surrender the Ashes 5-0 came in March when Alex […]
‘s Hathurusinghe to coach Bangladesh cricket
SYDNEY, May 19, 2014 (AFP) – Chandika Hathurusinghe will leave his post as coach of the Sydney Thunder Twenty20 team to take up the head coaching role with Bangladesh, Cricket NSW said on Monday. The 45 year-old Sri Lankan, who took charge of the Thunder last season, has been offered the chance to coach at […]
SriLankan Airlines, Finnair codeshare flights take-off from June 02
May 19, 2014 (LBO) – SriLankan Airlines and Finanair will begin code share flights from June 02, with flights to Frankfurt, Paris, Rome, London, Stockholm, Oslo and Copenhagen from Helsinki. SriLankan Airlines, Head of Commercial Operations Mohamed Fazeel said the partnership will expand the carriers reach to the Scandinavian region and increase tourist arrival to […]
‘s Amaya Leisure profits up 6-pct
May 20, 2014 (LBO) – Profits at Amaya Leisure, controlled by Sri Lanka’s Hayleys Plc, rose 6.2 percent to 135 million rupees in the March 2014 quarter from a year earlier, interim accounts showed.The group reported earnings of 2.81 rupees per share. Amaya Leisure said revenues rose 11 percent to 352 million rupees, cost of […]
Macksons Properties in serviced apartment complex in Sri Lanka capital
May 19, 2014 (LBO) – Macksons Properties (Pvt) Ltd, will build a 655 million rupee, 100-room serviced apartment complex in Sri Lanka’s capital Colombo, the state investment promotion agency said. Macksons Holdings has interests in consumer goods, automobiles and building materials including Multilac branded paints, the Board of Investment of Sri Lanka which approves and […]
Container Depot
May 19, 2014 (LBO) – Logistics International Limited, a unit of Sri Lanka’s Hayleys group said its container depot had been automated and efficiency boosted with new technology that stacks two containers at a time.The firms said the Kalmar DCF100-45E6 from Finland based Cargotec-Kalmar was the first of its kind in Sri Lanka. Janitha Jayanetti, […]
The Kingsbury hotel in Sri Lanka in profits after make-over
May 18, 2014 (LBO) – The Kingsbury hotel in Colombo which was re-branded and rebuilt after being taken over by Sri Lanka’s Hayleys group has posted the profits of 42 million rupees the March 2014 quarter, interim accounts showed.The firm reported earnings of 20 cents per share for the quarter. In the March 2013 quarter […]
Sri Lanka return to winning ways
LONDON, May 17, 2014 (AFP) – Sri Lanka secured their first victory on English soil this season with a crushing 128-run win over Kent in a one-day match at Canterbury on Friday.Sri Lanka next play Sussex at Hove on Sunday before facing England in a lone Twenty20 international and five-match one-day series starting next week.The […]