Category: Industry
Sri Lanka to set standards for LED lighting
Oct 03, 2013 (LBO) – Sri Lanka will set standards for energy saving light emitting diode (LED) bulbs, paving the way to end high taxes on the product, an official said. Wickramasinghe said buyers can look at the star rating and compare prices and brands. “A light with higher star rating may be a better […]
Labour Standard
Oct 03, 2013 (LBO) – The first of seven Sri Lankan flagged ships plying international waters recently received International Labour Organisation certification for meeting the requirements of the Maritime Labour Convention of 2006.It is on charter to Safmarine, a company in the AP Moller-Maersk group and trades on the EURWAF service from Europe to West […]
‘s Brandix gets trade credit line from IFC
Oct 03, 2013 (LBO) – Brandix, a Sri Lanka based apparel group will get a trade finance facility from International Finance Corporation, a world bank arm, which the lender says is the first in South Asia. Brandix will get funding against credit given to selected international buyers which can be used for working capital. IFC […]
Sri Lanka and India to ink coal plant deal this month
Oct 02, 2013 (LBO) – Power utilities of Sri Lanka and India will ink a key deal to start a 500MegaWatt coal plant in the island’s north east coast next week, a senior official said.The plant is seen as crucial to avoid power shortages in Sri Lanka by 2017/2018. Sri Lanka now has one 300MW […]
Sri Lanka seeks to manage power demand
Oct 02, 2013 (LBO) – Sri Lanka’s power regulator is setting up rules for ‘demand side management’, but the main utility and other stakeholders have asked for fine tuning and await a load research study. “At present the marginal cost of production of power is very high,” Damitha Kumarasinghe director general of Sri Lanka’s Public […]
SriLankan Airlines commissions A320 hangar
Oct 02, 2013 (LBO) – SriLankan Airlines said it had commissioned a new hangar for Airbus A320 aircraft at which will expand facilities to repair and maintain aircraft. The new hangar will also be equipped to perform full strip and paint jobs on narrow body aircraft later. The new hangar, located at the BIA complex […]
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 […]