Category: Industry
Paradise Isle
Jan 25, 2014 (LBO) – The latest bright idea from Sri Lanka™s police is to ask all motor cyclists in the Western province to switch on their headlights during day-time.With this level of macro-economic boost, there will be no need for the Census and Statics department to massage national data.Director Wanasinghe who is regarded a […]
Cricket: Sri Lanka recall Mendis for Bangladesh Tests
COLOMBO, January 23, 2014 (AFP) – Sri Lanka’s selectors on Thursday recalled unorthodox spinner Ajantha Mendis for two Test matches in Bangladesh starting next week after keeping him out of the recent series against Pakistan.Mendis, 28, who bowls both off-spin and leg-breaks with an unusual finger-flicking action, last played a Test during his team’s home […]
Sri Lanka exports up 6.2-pct in 2013: trade ministry
Jan 23, 2014 (LBO) – Sri Lanka’s exports rose 6.2 percent from year earlier to 10,379 million US dollars, the commerce ministry said. Agriculture products grew 10.3 percent to 2479.94 million US dollars, industrial products grew 4.91 percent to 7,618 million US dollars with apparels up 13.31 percent to 4492.20 million. Other export crops surged […]
Start Up
Jan 23, 2014 (LBO) – Sri Lanka’s Cargills (Ceylon) Plc said it start up banking arm had been given the nod to start operations by the regulator.Cargills Bank was given a license to start operations from January 21, the firm said in a stock exchange filing. .
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SHARJAH, January 21, 2014 (AFP) – Departing Pakistan coach Dav Whatmore said he ended his tenure on a happy note with his team winning the third Test, and admitted he may still return in another capacity.“This victory (against Sri Lanka) will be ranked up there, the series win in India and one-day win in South […]
Sri Lanka, Korea in bid to boost trade, investment
Jan 22, 2014 (LBO) – A business forum in Sri Lanka on January 30 with the participation of a top Korean trade and investment promotion official is targeting greater business links between the two countries, organizers said. Weon Cheol Koh, head of KOTRA, the Korean and trade and investment promotion office will address the forum, […]
Rate Expectations
Jan 22, 2014 (LBO) – Sri Lanka’s policy rates will probably be kept at current levels for the next three to six months, a media report said as inflation remained subdued compared to earlier levels.“There may be some other adjustments that we may need to make in the economy as we move on, but from […]
Sri Lanka hoteliers showcase industry to students
Jan 21, 2014 (LBO) – Sri Lanka’s hotels are showcasing the industry to students in several parts of the country starting through a series of seminars and hotel visits. The Hotels Association of Sri Lanka (THASL) in association with Negombo Hoteliers Association and Institute of Tourism and Hospitality Management (ITHM) will conduct the first seminar […]
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 […]