Category: Industry
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 […]
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 […]
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 […]
‘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 […]
Sri Lanka and India ink deal for 500MW coal plant
Oct 08, 2013 (LBO) – Sri Lanka and India has inked a deal to build a 500MegaWatt joint venture coal power plant, in the island’s North Eastern coast which is expected to come on stream by 2018.Sri Lanka’s power ministry secretary MMC Ferdinando, chairman of state-run Ceylon Electricity Board WB Ganegala and NTPC chairman Arup […]
Sri Lanka JKH resort goes to Korean builders: report
Oct 08, 2013 (LBO) – Sri Lanka’s John Keells Holdings has awarded a consortium led by South Korea’s Korea’s Hyundai Engineering and Construction, a 522 million US dollar contract to build an integrated resort, a media report said. Hyundai E&C has a 65 percent stake in the construction consortium (339 million US dollars), Keangnam Enterprises, […]
Talent Forum
Oct 08, 2013 (LBO) – Sri Lanka’s information technology and outsourcing industry chamber said it is holding a forum on human resources to help over challenges faced by the sector. Among the panellists are, chief executive ACCA, Ajantha Dharmasiri, senior faculty member, Postgraduate Institute of Management, Niroshan Silva, managing director Training Consortium and Dananjaya Hettiarachchi, […]