Category: Industry
Tech Boost
Dec 10, 2013 (LBO) – Sri Lanka’s HSBC unit said its payment processing service can be linked to enterprise resource planning software of clients boosting productivity and reducing errors. HSBC said it had integrated its payment processing and cash management system HSBC Connect to SAP Lite (C2SAP Lite) at MAS Active, a top apparel manufacturer […]
Vehicle Trend
Dec 11, 2013 (LBO) – Sri Lanka’s motor vehicle registrations were flat in November 2013 at 27,424 units, barely changed from 27,082 a year earlier but there were steep increases in hybrids, large cars and sport utility vehicles, an analysis by a research house shows.Motor car registrations at 2,226 in November were sharply up from […]
‘s top carrier
WASHINGTON, 2013 (AFP) – American Airlines emerged as the world’s largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.The billion merger was first announced in February, but was held up by an antitrust lawsuit from the US government and backed by several states, worried about the combined airline’s […]
Sri Lanka tourist earnings up 26-pct to October
Dec 10, 2013 (LBO) – Sri Lanka has earned 996.2 million US dollars from tourism services in the ten months to October 2013, up 26 percent from a year earlier, data released by the Central Bank showed. The average stay has moved up 10.5 nights from 10 a year earlier, he said. Tourism arrivals rose […]
Cricket: Hafeez praises fighting Afghanistan after T20 win
SHARJAH, December 9, 2013 (AFP) – Pakistan captain Mohammad Hafeez applauded minnows Afghanistan for their fighting performance in the first-ever Twenty20 international between the two nations, saying they are improving fast. Pakistan clinched a last-ball thriller by six wickets in Sharjah on Sunday night after chasing a challenging 138-run target. They needed six runs off […]
Commissioned
Dec 09, 2013 (LBO) – Sri Lanka’s Hemas group said it had commissioned an inland container terminal that can store and service 3,000 twenty foot containers.The firm is planning to provide warehousing services in the future. “With the national intent to make Sri Lanka as a transportation hub, this is a one of many steps […]
‘s Cinnamon Air expands network
Dec 06, 2013 (LBO) – Cinnamon Air, a domestic Sri Lanka based airline said it had added a sixth destination to its network with scheduled services started to Sigiriya.One way fare is listed at 199 US dollars with a 30 percent discount for travel in December. The flight from Sri Lanka’s international airport in Katunayake […]
Sri Lanka asks Indonesia to cut wheat import tariff
Dec 05, 2013 (LBO) – Sri Lanka has asked Indonesia to relax a tariff on wheat flour imports, the commerce ministry said, in a move that can help make food cheaper for poorer Indonesians.Sri Lanka is the second biggest exporter of wheat flour to Indonesia estimated to have accounted for 30 percent of 400,000 tonnes […]
IT Boost
Dec 05, 2013 (LBO) – Intel, a technology company, has teamed up with Sri Lanka’s state the Information and Communication Technology Agency of Sri Lanka to boost IT literacy in the island. ICTA chief executive Reshan Dewapura said an agreement was signed with Intel to provide free training of its ‘Easy Steps’ basic technology literacy […]
Bank Chief
Dec 02, 2013 (LBO) – Sunil Wijesinghe, an accountant and senior executive who had managed and chaired a number of private and public organizations has been appointed chairman of National Development Bank.Wijesinghe replaces Hemaka Amarasuriya. He is currently chairman of the Employers’ Federation of Ceylon, President National Chamber of Commerce and President of Sri Lanka […]
Price Trend
Nov 29, 2013 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 5.6 percent in the 12-months to December from a year earlier, slowing from 6.7 percent a month earlier, with the index climbing 0.2 percent during the month. Under Sri Lanka’s so-called flexible exchange rate, where the Central Bank buys all capital inflows […]
Disability Network
Nov 29, 2013 (LBO) – Members of Sri Lanka’s Employers Federation of Ceylon, an association of large businesses has expanded a welcome to disabled in the island’s former war zones.Disabled already working in participating companies had also related their experiences at the workshops. EFC and member firms had held workshops in Sri Lanka’s north and […]