Category: Industry
Port Payments
May 05, 2014 (LBO) – Payments to ports in Sri Lanka by shippers can be made online, speeding up imports and exports, Sampath Bank, a private lender in the island said.Shippers who are not Sampath customers could make payments by visiting a super grade branch fro 8.00 am to 8.00 pm including holiday, the bank […]
SriLankan Airlines selects Honeywell for avionics, APU maintenance
May 05, 2014 (LBO) – SriLankan Airlines said it had selected US based Honeywell Aerospace to supply and maintain avionics and auxiliary power units of Airbus fleet including existing aircraft and those on order. The contracts include an Auxiliary Power Unit (APU) maintenance agreement for SriLankan’s Airbus A320, A330 and A340 fleets. An APU is […]
James Packer brawl pics snapped up by Newscorp: reports
May 06, 2014 (LBO) – Pictures of James Packer in a street fight with long time friend and media executive David Gyngell, has been bought by Rupert Murdoch’s Newscorp, media reports said.Newscorp has paid over 200,000 dollars for the pictures, reports said. Packer and Gyngell reportedly fought over a mis-understanding and they later made a […]
Peter Kuruvita shows Aussie foods and wine to Sri Lanka chefs
May 04, 2014 (LBO) – Peter Kuruvita, an award winning chef and television host had conducted a master class for chefs in Sri Lanka promoting Australian food and wine, the Australian High Commission (embassy) said. The class organized by the Australian High Commission in Colombo with the Chefs Guild of Sri Lanka and William Angliss […]
SriLankan to codeshare with Finnair, S-7
May 02, 2014 (LBO) – State-run SriLankan Airlines has inked code-share deals with Finland’s Finnair and Siberia based S-7, with more deals in the offing, chairman Nishantha Wickramasinghe said. In a code share deal, airlines will operate aircraft on one or more routes with joint flight codes and sell tickets. Both airlines are members of […]
Export Data
May 02, 2014 (LBO) – Sri Lanka’s foreign revenues from software and business process outsourcing are higher than officially estimated, but growth is constrained by talent shortfalls, an industry body which has done its own survey said. He said there was interest from investors including from abroad in the industry. “For us to meet the […]
Budget Boom
SEPANG, May 2, 2014 (AFP) – Malaysia on Friday officially opened a new airport built specifically for the fast-growing budget-travel sector, but with the country’s aviation industry under deep scrutiny over the loss of missing flight MH370.The still-unexplained March 8 disappearance of Malaysia Airlines flight MH370, which took off from the main KLIA, has raised […]
Sangakkara backs Farbrace to shine on England return
DURHAM, May 1, 2014 (AFP) – Kumar Sangakkara insists Sri Lanka’s loss will be England’s gain after the controversial defection by Paul Farbrace.The 46-year-old former Kent and Middlesex wicket-keeper shocked Sri Lankan cricket, quitting as the country’s head coach in April after just three-and-a-half months to link-up with Peter Moores’ new-look England set-up. Marvan Atapattu […]
Outsourcing Facility
May 01, 2014 (LBO) – Aegis Limited, an outsourcing company, has commissioned a 650-seat facility in Sri Lanka’s capital Colombo that will create 1,000 jobs over the next 12 months, officials said. “There is fantastically educated population in Sri Lanka and the country’s economy is growing rapidly with development in major sectors,” Sandip Sen, Global […]
Amaya Leisure buys Sri Lanka East Coast hotel
May 01, 2014 (LBO) – Amaya Leisure Plc, a unit of Sri Lanka’s Hayleys group said it bought 51 percent of Sun Tan Beach Resorts (Pvt) Ltd, which owns a hotel in Sri Lanka’s East Coast for 563 million rupees.But travelling to the East is time consuming and more expensive. “This is a 125 room […]
Rate Gap
May 01, 2014 (LBO) – Profits at Sri Lanka’s Seylan Bank group rose 3.3 percent to 526 million rupees in the March 2014 quarter from a year earlier, helped by lower interest expenses, despite falling credit growth, interim accounts showed. The group reported earnings of 1.53 rupees per share. The stock closed at 64.00 rupees, […]
Broad Plans
May 01, 2014 (LBO) – All banks and non bank lenders in Sri Lanka directed by the regulator have given broad plans on a consolidation and some are in talks on acquisitions or mergers, the Central Bank said.Several non bank lenders within business groups have been given the nod to merge. Banks and large non-bank […]