Category: Industry
Efficiency Gains
Oct 15, 2013 (LBO) – Sri Lanka’s Aitken Spence group said efficiency at Fiji’s Suva and Lautoka ports were up 35 percent two months after it took over operations.Minister for public enterprises in Fiji, Aiyaz Sayed-Khaiyum was quoted as saying in the statement that the country was looking forward to incorporating Aitken Spence’s management systems […]
New Airbus A350 on track for 2014: EADS chief
SYDNEY, October 14, 2013 (AFP) – The head of European aerospace giant EADS Monday said its aircraft unit Airbus is on track to deliver the first A350 XWB by the end of next year. The wide-bodied aircraft is the latest passenger jet from Airbus as the Toulouse-based manufacturer ramps up production in a bid to […]
ICC launches world championship to preserve Cricket Tests
ABU DHABI, October 12, 2013 (AFP) – Cricket’s governing body launched the World Test Championship 2017 on Saturday aimed at preserving the primacy of the longer format of the game.The International Cricket Council (ICC) said the inaugural championship will be hosted by England and will feature the top four teams in the ICC Test rankings, […]
Foot Wear
Oct 12, 2013 (LBO) – British shoemaker Clarks is expanding in Sri Lanka, and has seen unexpected success in women’s shoes, an official said.“We thought it will be dominated by men since the women shoes are little bit expensive,” he said. “But the response shows that we were wrong. Because women look differentiate in products […]
Sri Lanka tourist arrivals up 26.2-pct in September
Oct 11, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 26.2 percent to 89,761 in September 2013 from a year earlier with visitors up 15.5 percent to 693,772 in first nine months data from the state tourism office showed. Up to September Western European visitors were up 14.4 percent to 307,831. Western European visitors peak […]
Online Reports
Oct 11, 2013 (LBO) – Sri Lanka’s credit information office will give online access for individuals to check their own status and get reports, an official said.The Bureau has credit information about 600,000 credit records relating to 400,000 customers. Sri Lanka’s Credit Information Bureau (CRIB) collects information from customers of 95 institutions. The information is […]
Mortgage Profits
Oct 11, 2103 (LBO) – Profits at Sri Lanka’s HDFC Bank rose to 108.4 million rupees in the September 2013 quarter from 9,000 rupees, a year earlier with higher interest and fee income, interim results showed. The bank reported earnings of 1.68 rupees per share for the quarter. In the nine months to September, the […]
Culture war as the Maldives tourism turns true capitalist
MALÉ, October 11, 2013 (AFP) – The Maldives is one of the world’s most exclusive holiday destinations but it has quietly opened up to backpackers in the last five years with a reform that has upset religious hardliners. Most visitors arrive at the country’s airport island, take a speed boat or seaplane to their expensive […]
‘s Fernando challenges FIFA over life ban
COLOMBO, October 10, 2013 (AFP) – Sri Lanka’s former football chief Manilal Fernando will challenge an “unfair and harsh” life ban imposed on him by FIFA for corruption, lawyers said Thursday.Fernando, a former member of the FIFA executive board, will appeal to the Court of Arbitration for Sport after seeing an earlier ban for eight […]
Sri Lanka power utility gets new GM
Oct 10, 2013 (LBO) – Shavindranath Fernando, head of projects at state-run Ceylon Electricity Board has been appointed its general manager, the power ministry said. S K Mohideen, had retired as general manager on October 09. Fernando had joined the CEB in 1979.
Housing Debt
Oct 10, 2013 (LBO) – RAM Ratings Lanka has rate a planned two billion rupee listed secured debt sale by HDFC Bank, a mortgage lender ‘BBB’. The bank itself is also rated ‘BBB’. RAM said the ratings are backed by majority state ownership of HDFC. The full statement is reproduced below:- RAM Ratings Lanka assigns […]
Sri Lanka ex-skipper Dilshan ends Test career
COLOMBO, October 9, 2013 (AFP) – Sri Lanka’s former skipper and opening batsman Tillakaratne Dilshan is to retire from Test cricket but will remain available for shorter versions of the game, the country’s cricket board said Wednesday.Dilshan, who will be 37 on Monday, is due to hold a make a formal announcement at a press […]