Category: Industry
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 […]
SriLankan flight diverted over bomb claim
Sept 22, 2013 (LBO) – State-run SriLankan Airlines said its flight to London’s Heathrow airport was diverted to Stansted after a passenger claimed that he had a parcel bomb.The passengers had been transferred by Heathrow by coach. A British national had claimed that he had a bomb on board just as SriLankan’s UK503 was beginning […]
Sri Lanka construction industry targeted by Milcris
Sept 20, 2013 (LBO) – Milcris (Pvt) Ltd, a construction consultancy with Sri Lankan origins which caters mainly to international projects in the Middle East says it is now targeting the domestic market. “We do not want to disturb or we are not competing with local companies. Our competitors are international giants,” De Silva said. […]
Tele Target
Sept 19, 2013 (LBO) – Broadband customers of Sri Lanka Telecom, the islands sole wireline operator, topped 350,000 by June 2013, the firm said amid an expansion of its fibre optic network capacity. Sri Lanka Telecom offers ‘triple play’ with voice, data and television through its PEOTv service. Sri Lanka Telecom has been boosting its […]
Ford to step down as Sri Lanka cricket coach
COLOMBO, September 18, 2013 (AFP) – Sri Lanka will seek a new coach after South African Graham Ford declined to extend his two-year term beyond January, cricket officials said on Wednesday.“The national coach has indicated of his unavailability to continue after his contract expires in January 2014,” Sri Lanka Cricket said in a statement. “He […]
‘s Krrish: minister
Sept 18, 2013 (LBO) – India’s Krrish group has paid another installment for state land given to their project including interest for delays investment promotion minister Lakshman Abeywardene said. The project has become controversial due to payment delays and has come under fire from the opposition for not being awarded on open tender. At the […]
Sri Lanka Shangri La hotel to start building in October
Sept 18, 2013 (LBO) – A 450 million US dollar project by Hong Kong based Shangri La in Sri Lanka’s capital Colombo will begin construction by end October investment promotions minister Lakshman Abeywardene said.The project is still in the planning stages with promoters saying soil conditions required design changes. “We have been told the planning […]