Category: Industry
” flights
Mar 13, 2013 (LBO) – The mystery over a missing Malaysia Airline flight has deepened with reports that it may have been airborne for hours, recalling earlier ‘ghost flight’ events with no communications.In 2004, A Beechcraft 200 Super King Air left Perth on a 600 kilometre journey and eventually flew 2,840 kilometres before crashing in […]
Cloud Service
Mar 13, 2014 (LBO) – Sri Lanka Telecom said it had started a cloud computing service branded ‘akaza’ as it deploys high speed broadband internet around the country.“Today, around the globe, high-end enterprises, private and public institutions, small and medium enterprises (SMEs) and micro businesses tap into cloud computing to lower their costs and increase […]
Malaysia seeks more Sri Lankan visitors amid visa fee hike
Mar 12, 2014 (LBO) – Malaysia is seeking more visitors from Sri Lanka and an expansion of weekly flights, amid a ten-fold hike in visa fees that has made travel to the country more expensive.“But we are looking into public comments, agencies comments and also the service level of facilitator if we are to make […]
Sri Lanka Lee Hedges in US$9mn office complex
Mar 11, 2015 (LBO) – Lee Hedges Plc, a unit of Sri Lanka’s Pioneer group of companies will build a 1.2 billion rupee, 15-floor office complex, the state investment promotion agency said. The project is implemented through Lee Hedges Investments Ltd, a unit of Lee Hedges Plc which is in the pioneer group. The building […]
Plastic Cash
Mar 11, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon says it has seen a sharp increase in payments by debit card and 400,000 new cards had been issued over the past year.Outstanding credit was 49.3 billion rupees up from 44.4 billion rupees in December. The bank claims to have the ‘largest active debit […]
Tele Effort
HANOVER, March 9, 2014 (AFP) – Britain and Germany will team up to work on developing the next super-fast mobile network, 5G, Prime Minister David Cameron told the opening of the world’s biggest high-tech fair Sunday.Cameron said the initiative was one of three areas he wanted Britain and Germany to collaborate on to “pool ideas, […]
Marine Cable
Mar 10, 2014 (LBO) – Sri Lanka Telecom said it is partnering with 15 other operators to build a new submarine cable system spanning South East Asia, Middle East and Western Europe, which will be landed in Matara in the island’s south.With telecom traffic growing fast existing cable systems such as SEA-ME-WE 4 are getting […]
Sri Lanka thump Pakistan for Asia Cup title
DHAKA, March 8, 2014 (AFP) – Opener Lahiru Thirimanne hit a magnificent century to help Sri Lanka thump Pakistan by five wickets to regain the Asia Cup title in Dhaka on Saturday. The left-hander notched 101 for his third one-day hundred to anchor Sri Lanka’s successful chase of a 261-run target in 46.2 overs for […]
Rail Deal
Mar 09, 2014 (LBO) – A 600 million US dollar contract to extend a rail track from Beliatta to Kataragama in Sri Lanka’s South has been awarded to China National Machinery Import and Export Corporation (CNMIEC), a media report said.People from whom land had been acquired has already been compensated, the reported quoted Matara-Kataragama Railway […]
Reclaiming Controversy
Mar 09, 2014 (LBO) – State-run Sri Lanka Port Authority has responded to criticism over the award of an unsolicited sea reclamation project to a Chinese firm saying deals on similar lines had happened earlier. China Communication Construction Co.Ltd (CCCC), a key player in the ‘Port City’ project involving 233 hectares near Colombo Port has […]
Cricket: Sangakkara, Afridi set to light up Asia Cup final
DHAKA, March 7, 2014 (AFP) – Rampaging Shahid Afridi and prolific Kumar Sangakkara have set the stage for a rousing contest when Pakistan face Sri Lanka in the Asia Cup one-day final in Dhaka on Saturday.Angelo Mathews’ Sri Lanka have been the dominant team in the five-nation event with four straight victories in the league, […]
Sri Lanka electrocution deaths excessively high: regulator
Mar 07, 2014 (LBO) – Excessively large numbers of people are dying in Sri Lanka from electrocution partly due to illegal power tapping, unsafe practices and carelessness, a regulatory official said.We are not an electrically safe country, Nilantha Sapumanage, Director Inspectorate of Public Utilities Commission of Sri Lanka told a forum in Colombo organized by […]