Category: Industry
Sri Lanka energy efficient lighting penetration tops 50-pct: official
Oct 01, 2013 – Sri Lankan power users have adopted energy saving lighting in a big way conserving an estimated 312 MegaWatts of load a day and keeping a night peak from rising faster, a sector official said.It also involves start up costs for generators. Sri Lanka also charges penal rates from larger household customers, […]
Port Island
Sept 30, 2013 (LBO) – Sri Lanka is planning to build an artificial island off Hambantota in the South of the island with the sand dredged to expand a port there, a media report said. In the first phase the Hambantota is positioned as an industrial and bunkering port. The port will get revenue from […]
China seeks minerals, logistics services from Sri Lanka
Sept 28, 2013 (LBO) – Chinese firms are planning to buy activated carbon and rubber from Sri Lanka following the visit of a trade delegation and others are in talks over minerals and logistics services, the island’s trade ministry said.“We are looking for mineral sourcing from Sri Lanka as well as partnering in logistics and […]
Half of British pilots fall asleep on the job: survey
LONDON, September 27, 2013 (AFP) – More than half of Britain’s airline pilots have fallen asleep in the cockpit and a third have woken up to find their co-pilot asleep, according to a new survey.The BALPA survey comes ahead of a vote in the European parliament on Monday on proposals to set out maximum working […]
Oil Blocks
Sept 27, 2013 (LBO) – Oil majors Exxon Mobil and Royal Dutch Shell, France’s Total are among the firms that may bid for offshore oil exploration blocks offered by Sri Lanka, a media report said.Italy’s ENI and India’s ONGC Videsh and Cairn India could also bid, Saliya Wickramasuriya, head of Sri Lanka’s petroleum exploration office […]
Climate Funds
Sept 27, 2013 (LBO) – Sri Lanka’s Pan Asia Bank said it had struck a deal to get 20 million US dollars to finance green energy, from in global climate fund. The bank is inviting clients to submit proposals for green projects. The Global Climate Partnership Fund (GCPF) is promoted by the German and Denmark […]
Sri Lankan customs seize gold from smugglers
COLOMBO, September 25, 2013 (AFP) – Sri Lankan customs Wednesday seized two kilograms of gold from two men who had hidden the precious metal inside their bodies in an attempt to smuggle it out of the country, an official said.The two Sri Lankans were caught just before they boarded a flight to the Indian city […]
Road Capacity
Sept 26, 2013 (LBO) – Sri Lanka has to double road capacity every 10 years to meet rising demand, the Asian Development Bank said after approving a fresh loan to expand the island’s road network. The Manila-based bank approved a 75 million US dollar credit to build roads connecting to the island’s first expressway which […]
Shale Oil
NEW YORK CITY, September 24, 2013 (AFP) – The US shale boom is remaking the nation’s industrial landscape and raising the prospect of energy independence in the world’s biggest oil consumer.As the industry awaits more pipeline capacity, the US has seen an uptick in oil deliveries by rail and truck.Booming oil and gas production is […]
Sri Lanka exports, imports up in July
Sept 24, 2013 (LBO) – Sri Lanka’s exports rose 8.0 percent to 794.4 million US dollars and imports rose 20.8 percent to 1,601.1 million US dollar in July indicating a recovery in external trade, official data showed. In the seven months to July exports were still down 2.7 percent to 5,518.0 million US dollars, imports […]
Air Asia X starts flying to Sri Lanka and Maldives
Sept 24, 2013 (LBO) – Malaysia-based AirAsia X, a low cost long-haul carrier said it is starting flights to Sri Lanka’s Colombo via Male, Maldives from September 28. “Our guests may now fly to Sri Lanka to take in the rich flavours and cultures that Colombo has to offer, and also to Maldives for a […]
Airbus predicts 29,000 new planes needed by 2032
LONDON, September 24, 2013 (AFP) – Airbus predicts that the world will need more than 29,000 new commercial planes over the next 20 years to respond to higher traffic and replace older models, the European planemaker said Tuesday.Delivering its 20-year outlook, Airbus said air travel through 2032 will be fuelled by traffic to and from […]