Category: Industry
Sri Lanka hotel show and confab to showcase new tech, draw talent
Mar 20, 2014 (LBO) – A hotel supplies exhibition in Sri Lanka and an international hoteliers’ conference in June will showcase the latest energy saving technology and also help draw talent to the fast growing industry, officials said.The three day Hotel Show 2014, billed as the largest such event is South Asia is to kick […]
‘s LOLC group leisure assets under Browns unit
Mar 21, 2014 (LBO) – Sri Lanka’s Lanka Orix Leasing Company Plc said it had sold a 70 percent stake in LOLC Leisure, a hotel company, to Browns Investments Plc, a related company, for 2.8 billion rupees. In a separate transaction dated prior to the exit, LOLC Leisure was buying back shares from both LOLC […]
Sri Lanka Telecom to develop property holdings
Mar 19, 2014 (LBO) – Sri Lanka Telecom group said it had set up a separate company to develop its “extensive property portfolio” around the country which was unused or or under-used.In 2013, SLT Property Management (Pvt) Ltd (SLTPM) had been incorporated to develop its property holdings. “Given the growing demand for property in Sri […]
Sri Lanka target Russian and Ukraine visitors with beach festival
Mar 19, 2014 (LBO) – A beach festival in Bentota in Southwestern Sri Lanka will kick off next week targeting water sports lovers and tourists, particularly those from Russia and Ukraine, officials said. The Bentota Beach Festival will start on March 21. It is organized by the Hawkeyes, the sports arm of Sri Lanka’s Military […]
Military Chief
Mar 17, 2014 (LBO) – Former Sri Lanka Air Force chief Air Chief Marshal Harsha Abeywickrema has assumed duties at chairman of state-run Bank of Ceylon.Bank of Ceylon is Sri Lanka’s largest bank by assets. Bank of Ceylon said Abeywickrema joined the Air Force in 1980 as an officer cadet and was commissioned Pilot Officer […]
Vehicle Trend
Mar 17, 2014 (LBO) – Sri Lanka’s vehicle registrations have dropped to 23,130 units in February 2014, the lowest since April 2010, with a sharp drop in commercial vehicles, an analysis by an equities research house shows.Sri Lanka is recovering from a balance of payments crisis triggered by loans taken from state-run banks by utilities […]
‘s Sangakkara to quit T20 after world meet
COLOMBO, March 16, 2014 (AFP) – Sri Lanka’s Kumar Sangakkara will retire from Twenty20 internationals after the ongoing World T20 in Bangladesh, the veteran left-hander told a newspaper on Sunday, The 36-year-old said he wanted to make way for younger players in the national team, but made himself available to play the shortest format in […]
Sri Lanka Hambantota port industries to be powered by LNG
Mar 15, 2014 (LBO) – Sri Lanka Ports Authority is in discussions with an Australia based firm to set up a liquefied natural facility to drive an industrial zone in Hambantota instead of coal, an official said. SLPA chairman Priyath Wickrama said several heavy industries in the port initially planned to use coal, which could […]
Missing MH370, hypoxia or hijack to blame?
Mar 15, 2014 (LBO) – As the US deployed aircraft and ships to the Indian Ocean capable of underwater listening facilities, more details have emerged about a possible flight path of the missing airliner painting scenarios of hypoxia or hijack. Hypoxia or oxygen starvation from loss of cabin pressure incapacitates crew, making then incapable of […]
New US lead thrusts Malaysia jet search into Indian Ocean
KUALA LUMPUR, March 14, 2014 (AFP) – The needle-in-a-haystack hunt for a missing Malaysian airliner spread to the vast Indian Ocean Friday after the White House cited “new information” that it might have flown for hours after vanishing nearly seven days ago. Multiple US media reports, citing American officials, said the Malaysia Airlines Boeing 777’s […]
Sri Lanka tourist arrivals up 24-pct in February
Mar 14, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 24.5 percent to 141,878 in February 2014 from a year earlier, with India, Russia and China leading gains, the state tourism promotion office said. Late last year Sri Lanka suddenly reported higher tourist arrivals and revised upwards data from earlier months amid growing uncertainty about […]
Cricket: Afridi hopes to regain fitness ahead of World T20
LAHORE, March 13, 2014 (AFP) – Pakistan allrounder Shahid Afridi said Thursday he was hopeful of a quick recovery from injury in time for the World Twenty20 in Bangladesh next week after his exploits at the Asia Cup. The 34-year-old hurt his groin during the recent one-day tournament, which concluded last week and was also […]