Category: Industry
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 […]
FastPay
Nov 29, 2013 (LBO) – LankaClear, Sri Lanka’s interbank clearing house, said a new backbone is being developed to integrate multiple networks, which will speed up transactions and allow mobile-enabled payments.The firm recently launched LankaPay a switch that connected automated teller machines of different banks. “LankaPay CAS is a precursor to the launch of the […]
Lube Control
Nov 28, 2013 (LBO) – Sri Lanka’s Colombo Dockyard, a ship repair and building firm, found its competitiveness hurt by import restrictions on specialist lubricants.Sri Lanka requires a ‘no objection’ letter from the government to import lubricants as it is a licensed business on which the state has placed import restrictions. A Dockyard official told […]
Channel Expansion
Nov 27, 2013 (LBO) – Sri Lanka’s E-channelling, which runs a service offering online appointments with medical doctors, said it plans to operate similar services in East Asia, collaborating with its main shareholder.This includes Malaysia, Singapore, Indonesia, Phillippines, Taiwan, Korea, China, Vietnam and Thailand. E-channelling said ECL Soft Pvt Ltd, a subsidiary has struck a […]
Lubricant Liberties
Nov 26, 2013 (LBO) – Sri Lanka will shortly license more players to sell lubricants in in the island officials said, expanding the freedoms of citizens.At the moment Chevron, Lanka OIC and state-run Ceylon Petroleum Corporation are among the front runners. Those will blending facilities also have an advantage over imported final product sellers. Though […]
” deepens
SYDNEY, November 26, 2013 (AFP) – Australia said Tuesday it had summoned Beijing’s ambassador to voice opposition to China’s sudden announcement of an air defence identification zone over the East China Sea. China and Japan each summoned the other’s ambassador after Beijing said Saturday it had established an Air Defence Identification Zone — which would […]
Finance Proposal
Nov 25, 2013 (LBO) – Sri Lanka’s central bank said budget proposals to boost mergers will strengthen finance companies.The full statement is reproduced below:- Strengthening Finance Companies and Banks The Central Bank notes the several measures proposed in the Budget 2014 to strengthen the licensed finance companies, where, with a view to encouraging consolidation in […]
Port Profit
Nov 25, 2013 (LBO) – Profits at Sri Lanka Ports Authority was up sharply in the first nine months of the year, helped by a weaker Japanese Yen and higher container volumes, a finance ministry report said. SLPA has recorded revenues of 25.9 billion rupees for the nine months to September 2013, Revenues were up […]
Petro Gains
Nov 24, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has reached break-even level and made a marginal loss after adjusting for losses on derivatives, finance ministry report said.The CPC had made a 3.8 billion rupee profit in the nine months to September 2013 but made an accounting loss of 3.7 billion rupees after […]
‘s electricity utility turns around
Nov 23, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has turned around with a 17 billion rupee profit up to September 2013 but it was yet to pay down bank borrowings, a finance ministry report said.Ceylon Electricity Board has earned revenues of 142 billion rupees for the nine months and was projected to […]
Cricket: Perera, Dilshan fire Sri Lanka to Twenty20 win
PALLEKELE, November 21, 2013 (AFP) – Kusal Perera and Tillakaratne Dilshan hit aggressive half-centuries as hosts Sri Lanka romped to an emphatic eight-wicket win over New Zealand in the second Twenty20 international in Pallekele on Thursday.McCullum smashed 26 off 16 balls with three boundaries, while Ronchi hit three fours and a six. Perera smashed 57 […]
Sri Lankan Airlines lose Rs15.7bn in first half 2013
Nov 22, 2013 (LBO) – State run SriLankan Airlines had lost 15.7 billion rupees (120 million US dollars) in the first half of the 2013 financial year, a finance ministry report said. In the six months to September 2013, the airlines had posted revenues of 54.4 billion rupees and burned up 70 billion rupees in […]