Category: Industry
AirAsia X puts Sri Lanka on two day promotion
Apr 10, 2014 (LBO) – Malaysia-based long-haul budget carrier AirAsia X said it was offering a two day discount fares for Sri Lanka, Australia, Japan and China.“With this exclusive 48 hours sale, guests can take a break from their busy schedule and enjoy mid-year holiday getaways with a group of friends or loved ones to […]
Transport Losses
Apr 10, 2014 (LBO) – State-run Sri Lanka Transport Board has lost 3.5 billion rupees in 2013 slightly down from 3.8 billion rupees a year earlier, official data showed.The annual report of the Central Bank said SLTB earned 30.1 billion rupees in revenues and but had spent 33.7 billion rupees, generating an operating loss of […]
SriLankan expects US$25mn topline from airline alliance
Apr 09, 2014 (LBO) – State-run SriLankan Airlines said joining oneworld, a global alliance of airlines is expected bring it 25 million US dollars a year in incremental annual revenues and allow customers easy travel to the Americas. American Airlines and, its merger partner US Airways, from North America: LAN TAM from South America as […]
Borrowing Trends
Apr 09, 2014 (LBO) – Sri Lankan firms have got the nod to borrow 335 million US dollars abroad 2013 by the Central Bank, while debt markets also supplanted bank loans in 2013, as commercial bank credit to private firms slowed, an official said. Analysts say it is important to allow for a period of […]
Cricket: Sri Lanka board hits back at Jayawardene, Sangakkara
COLOMBO, April 9, 2014 (AFP) – Sri Lanka’s cricket board and two senior players were locked in a war of words Wednesday, a day after the World Cup-winning Twenty20 team returned home as national heroes.“SLC regrets such unsubstantiated accusations levelled against the secretary and CEO by a senior member of the national team without verifying […]
Cricket: Sri Lanka party marred by player dispute
COLOMBO, April 8, 2014 (AFP) – Sri Lanka’s team flew home in triumph Tuesday to a huge street party after winning the world Twenty20 tournament, but celebrations were marred by controversy over the retirements of Mahela Jayawardene and Kumar Sangakkara.Tens of thousands of fans lined the street from the main international airport to downtown Colombo, […]
‘s Citrus Leisure opens second resort; eyes two more
Apr 08, 2014 (LBO) – Citrus Leisure Plc, which opened a 150-room resort in Waskaduwa, on Sri Lanka’s South Western coast is planning another two resorts on the Western and Southern coasts, officials said. The hotel has 250 employees and says in-house training will help keep service levels high as demand for tourism sector workers […]
Cruise Call
Apr 08, 2014 (LBO) – Luxury liner MS Amadea made its maiden call at Sri Lanka’s Hambantota port with 479 passengers and visited tourist hotspots in Southern Sri Lanka, the state ports agency said.Sri Lanka Ports Authority said the 423 of the passengers were German nationals and they had day excursions to Kataragama and Udawalawe […]
Sri Lanka celebrates biggest cricket win in 18 years
COLOMBO, April 6, 2014 (AFP) – Sri Lanka fans at home burst firecrackers and danced on the streets as the national team won the World Twenty20 title beating India by six wickets in Dhaka on Sunday. Instant celebrations broke out at cricket grounds and public parks in the capital Colombo as well as in suburban […]
Cricket: Sri Lanka beat India to win World Twenty20
DHAKA, April 6, 2014 (AFP) – Kumar Sangakkara hit a memorable half-century to help Sri Lanka to a six-wicket victory over India in the World Twenty20 final in Dhaka on Sunday. The veteran left-hander knocked a 35-ball 52 not out in his last Twenty20 match to guide the Sri Lankan chase of a modest 131-run […]
Cricket: Sri Lankan suffers heart attack after betting on India
COLOMBO, April 7, 2014 (AFP) – A Sri Lankan fruit seller suffered a massive heart attack and died after he lost a $300 bet that India would win the cricket World T20 tournament, police said Monday. S. P. Kumara placed the 40,000-rupee bet on the eve of Sunday’s final, wrongly predicting that Sri Lanka would […]
Sri Lanka finally taste Cup success as India crumble
DHAKA, April 7, 2014 (AFP) – Sri Lanka’s stunning victory over India in the World Twenty20 final underlines how success in hit-and-run cricket depends not on form, but on how a team performs over those three hours in the field. Singh’s inconsistent form, which has already seen the cancer survivor axed from the Test and […]