Category: Industry
Leading Edge
Feb 27, 2014 (LBO) – WSO2, a Sri Lanka based open source software firm whose products drive applications of companies ranging from ebay.com and Cisco Systems to British Airways is targeting more business in Asia. In Sri Lanka WS02, customers include Dialog Axiata and John Keells Holdings.The firm is also expecting potential local users in […]
‘s Malinga stuns Pakistan in Asia Cup opener
FATULLAH, February 25, 2014 (AFP) – Sling-arm fast bowler Lasith Malinga grabbed five wickets in a devastating final spell to lead Sri Lanka to a 12-run win over defending champions Pakistan in the opening match of the Asia Cup in Fatullah on Tuesday. Pakistan, chasing Sri Lanka’s competitive 296-6, seemed to be cruising at 242-4 […]
SriLankan Airlines flies to Vietnam; more Australasian cities
Feb 26, 2014 (LBO) – State-run SriLankan Airlines said it will fly to Vietnam and expand destinations to Malaysia and Australia through a new code share deal with Malaysian Airlines. Mohamed Fazeel, SriLankan’s head of commercial operations said the new code share will increase traffic between Sri Lanka and Australasia, which had high tourist traffic […]
Trucking Slowdown
Feb 26, 2014 (LBO) – Sri Lanka’s large truck and tractor new registrations have continued to fall in January 2014 amid weak economic conditions, an analysis of motor vehicle registry data by an equities research house shows.Small ‘hand’ tractor sales were also down 21 percent to 596 units in January 2014, from 763 a year […]
New Phone
BARCELONA, February 24, 2014 (AFP) – Samsung unveiled Monday its new flagship Galaxy S5 smartphone armed with a fingerprint scanner and a built-in heart rate sensor to defend its place as the world’s industry leader.Taking the limelight on the opening day of the world’s biggest mobile fair in Barcelona, Spain, the South Korean giant simultaneously […]
Strong Showing
Feb 25, 2014 (LBO) – Profits at Sri Lanka’s Commercial Bank of Ceylon rose 25 percent to 3.3 billion rupees in the December 2013 quarter from a year earlier, despite a steep loan loss provisioning, interim accounts showed. The group reported earnings of 3.92 rupees per share. For the 12-months to December the group reported […]
Vehicle Trend
Feb 25, 2014 (LBO) – Sri Lanka’s vehicle registrations fell 1.5 percent to 27,827 in January 2014 from a year earlier, with used hybrid cars up and three wheelers down, a research analysis shows.Sri Lanka now taxes large hybrid vehicles at lower rates than small petrol cars. The larger cars are more fuel efficient, allowing […]
Mobile Sales
Feb 24, 2014 (LBO) – Sri Lanka’s Dialog Axiata Plc, said it has developed a mobile point of sale (mPOS) application with extra features that will be first deployed in the island’s largest taxi service.3 Wheel Lanka (Pvt) Ltd, which operates under the ‘Budget Taxi’ will carry the patent-pending ‘Dialog Street Smart’ product, using a […]
Cheap Smarts
BARCELONA, February 23, 2014 (AFP) – Firefox OS, an upstart smartphone operating system aimed a challenging the Apple and Google duopoly, will power a new category of $25 smartphones for developing countries, the California-based nonprofit Mozilla Foundation said Sunday. Mozilla sought to show off the success of its system, launched a year ago to prise […]
Revamped Sri Lanka sweep Bangladesh one-dayers
DHAKA, February 22, 2014 (AFP) – New-look Sri Lanka trounced Bangladesh by six wickets in the third and final one-day international in Dhaka on Saturday to sweep the series 3-0.The hosts missed premier all-rounder Shakib Al Hasan, who was handed a three-match ban for a lewd on-camera gesture during the second one-dayer on Thursday. Mominul […]
Cricket: Sri Lanka keep Bangladesh down to 240-8
DHAKA, February 22, 2014 (AFP) – Seamer Dhammika Prasad claimed three wickets in his first match of the series as new-look Sri Lanka restricted Bangladesh to 240-8 in the third and final one-day international in Dhaka on Saturday.New-ball partner Suranga Lakmal finished with two for 24 in 10 overs after Sri Lanka, enjoying an unassailable […]
Pay Freedoms
Feb 22, 2014 (LBO) – A bank in Sri Lanka is in talks with US-based Paypal to become its partner bank for inward remittances, Central Bank Governor Nivard Cabraal said. But larger transactions like tourism services are also sold in many countries using Paypal. Sri Lanka allows outward payments through Paypal via credit cards, but […]