Category: Industry
Dollar Finance
Aug 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata, the country’s largest mobile operator said it had raised 200 million US dollars from a syndicated loan.The 5-year loan had been arranged by OCBC Bank Malaysia Berhard and Standard Chartered Bank, Dialog said in a statement. The fund will be used for capital expenditure, working capital […]
Rating Confirmed
Aug 09, 2013(LBO) – RAM Rating has confirmed Commercial bank’s rating at AA+ with a stable outlook. Media contact Nilusha Fonseka (9411) 2553089 The ratings are based on the Bank’s strong market position in the island as the largest privately-owned licensed commercial bank and third-largest overall,” the rating agency said in a statement. The ratings […]
Bank Award
Aug 08, 2013 (LBO) – HSBC said it had been named the best internet bank by Gobal Finance, a magazine for the eight year running. HSBC’s Internet banking platform has created a simpler, quicker and more convenient method for banking. James Rebert, head of cards, products and service, HSBC said in a statement. We are […]
SriLankan to break even over four years with new fleet
Aug 08, 2013 (LBO) – State-run carrier SriLankan airlines group is planning to break even in the year to March 2017, after running about 335 million US dollars of losses in the intervening years, an official said. Sri Lankan is buying 13 new aircraft from Airbus which will be more fuel efficient saving costs and […]
Sri Lanka Crown project to be built on same place: minister
Aug 08, 2013 (LBO) – A large casino resort by Australia’s Crown group will be built on the original location and they have only been informed to design two towers to maintain a view of a nearby lake, a minister said.Investment promotion minister Lakshman Yapa Abeywardene said the project, which borders Colombo’s Beira Lake should […]
Dilshan blitz helps Sri Lanka win cricket T20 final
HAMBANTOTA, August 6, 2013 (AFP) – Tillakaratne Dilshan smashed an unbeaten 74 off 51 balls as Sri Lanka defeated South Africa by six wickets in the final Twenty20 game Tuesday to retain their number one ranking in the short format.Du Plessis and Duminy put on their century stand after opener Henry Davids had been dismissed […]
‘s state airline in MRO venture with Lufthansa Technik
Aug 07, 2013 (LBO) – State-run SriLankan Airlines will start operating a joint venture aircraft repair and maintenance organization (MRO) with Lufthansa Technik by July 2014, an official said.SriLankan chief executive Kapila Chandrasena said the MRO is expected to earn revenues of 100 million US dollars a year, with an investment of 14 million US […]
Indonesian plane skids off runway after hitting cow
JAKARTA, August 7, 2013 (AFP) – An Indonesian passenger jet crashed into a cow and skidded off the runway as it came into land at an airport in the centre of the archipelago, officials said Wednesday.One small jet managed to take off Wednesday, but the Lion Air plane was still at the edge of the […]
Brand Award
Aug 07, 2013 (LBO) – Sri Lanka’ state-run Bank of Ceylon said it had been recognized as one of 35 best brands in Asia by Mumbai-based Chief Marketing Officer Council (CMO Council). BOC has 10 million account holders equal to half the population of Sri Lanka and over a trillion rupees in assets. Other winners […]
Tele Group
Aug 06, 2013 (LBO) – Profits at Sri Lanka Telecom group dropped 10 percent to 713 million rupees in the June 2013 quarter from a year earlier, and firm said it was continuing to invest in new technology to meet customer needs. The group reported earnings of 1.60 rupees for the quarter interim accounts filed […]
Training Progress
Aug 06, 2013 (LBO) – Lanka BPO Academy, a skills development firm, said it had completed a program for trainers at InfoMate, a provider of outsourced finance and accounting services at Sri Lanka’s John Keells Holdings group.Lanka BPO academy is a training organization which collaborates with local and international partners to provide skills and training […]
Port Repair
Aug 06, 2013 (LBO) – Sri Lanka’s Access Engineering Plc said it had taken a 30 percent stake in a port handling machinery maintenance firm set up with China’s Shanghai Zhenhua Heavy Industries Company Ltd (ZPMC).It had supplied equipment to Sri Lanka Ports Authority, South Asia Gateway Terminals and Colombo International Container Terminal in Sri […]