Category: Industry
Sri Lanka Telecom expands broadband coverage
Jan 20, 2014 (LBO) – Sri Lanka Telecom said it had expanded broadband service coverage by deploying fourth generation wireless technology to areas that are not served by its wired network.From January data volumes on all broadband packages had been increased. SLT provides broadband services through ADSL (assymetrical-digital-subscriber-lines), fibre to home and now through 4G […]
Pakistan push Sri Lanka hard for series-levelling win
SHARJAH, January 19, 2014 (AFP) – Pakistan grabbed the prized wicket of Mahela Jayawardene to press their advantage for a series-levelling win over Sri Lanka in the third Test in Sharjah on Sunday. Earlier, Pakistan were bowled out for 341 in their first innings, 87 short of Sri Lanka’s first innings total of 428 for […]
Broad Expansion
Jan 20, 2014 (LBO) – Sri Lanka Telecom said it had expanded broadband service coverage by deploying fourth generation wireless technology to areas that are not served by its wired network.From January data volumes on all broadband packages had been increased. SLT provides broadband services through ADSL (assymetrical-digital-subscriber-lines), fibre to home and now through 4G […]
Sri Lanka US$7.8mn resort opens
Jan 20, 2014 (LBO) – A 96-room hotel built with an investment of 7.8 million US dollars has opened in Sigiriya in central Sri Lanka. The Aliya (elephant in Sinhalese language) Resort & Spa, is constructed on a 22-acre area to blend with villages in the area, Sri Lanka’s economic development ministry said after minister […]
Giant Vessel
SEOUL, January 20, 2014 (AFP) – South Korean shipbuilder Hyundai Heavy Industries said Monday it had started construction on a Chinese order for the world’s largest container ships.China Shipping Container Lines (CSCL) awarded the contract for the five vessels — each with a capacity of 18,400 TEU (20-foot equivalent unit) container boxes — to Hyundai […]
Access
OSLO, January 18, 2014 (AFP) – Most books published in Norway before 2001 are going online for free thanks to an initiative that may have found the formula to reconcile authors with the web.At a time when the publishing world is torn over its relationship to the Internet — which has massively expanded access to […]
Cricket: Shehzad hits hundred but Pakistan toil for runs
SHARJAH, January 18, 2014 (AFP) – Opener Ahmed Shehzad scored a maiden century but Pakistan toiled for runs in their bid for a series-levelling win against Sri Lanka in the third and final Test in Sharjah on Saturday. The 22-year-old right-hander made 147 in only his second Test as Pakistan scored 291-6 at close on […]
Obituary
Jan 19, 2014 (LBO) – R B Ekanayake, an information communications technology industry veteran who was has contributed in key ways to automating Sri Lanka’s banking sector has passed away.He had been President of Sri Lanka’s Association Professional Bankers had as received the award for the ‘Most Outstanding Contribution to the Banking Sector.‘ Ekanayake was […]
Cricket: Perera, Mathews miss hundreds as Sri Lanka foil Pakistan
SHARJAH, January 17, 2014 (AFP) – Dilruwan Perera missed a century on his debut while skipper Angelo Mathews fell for 91 as Sri Lanka frustrated Pakistan in the third and final Test in Sharjah on Friday.Perera (95) and Mathews made life difficult for Pakistan through their 112-run seventh wicket stand before Sri Lanka declared their […]
Merger Path
Jan 18, 2014 (LBO) – Sri Lanka’s banks and well managed larger non-bank lenders will be encouraged to swallow up to three second tier firms with tax breaks and cheaper financing, a plan released by the banking regulator said.A presentation by Sri Lanka’s Central Bank Governor Nivard Cabraal made to the financial industry has asked […]
Sri Lanka battle hard against Pakistan spinners
SHARJAH, January 16, 2014 (AFP) – Sri Lanka battled hard against Pakistan’s spinners led by Saeed Ajmal to reach 220-5 at close on the opening day of the third Test in Sharjah on Thursday.Ajmal took 2-62 to leave Sri Lanka struggling at 166-5 before Angelo Mathews (24) and Prasanna Jayawardene (28) saw off the day […]
First Call
Jan 16, 2014 (LBO) – MV OEL Emirates, the latest vessel in Dubai-based Orient Express Lines had made its maiden call at Sri Lanka’s Colombo port.OEL has services from Colombo to Chennai, Cochin , Tuticorin, Male and Chittagong. Orient Express Lines is a member of Dubai-based Transworld Group of Companies which also has interests in […]