Category: Industry
‘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 […]
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 […]
Express Way
Aug 06, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had requested China Merchants group, which has just commissioned a container terminal, to fast-track work on a toll road, his office said.Sri Lanka has given China Merchants Holdings (International) Company Limited and China Merchants Hua Jian Highway Investment Company Limited to design, build, finance and […]
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 […]
Dominant South Africa seal T20 series defeating Sri Lanka
HAMBANTOTA, August 4, 2013 (AFP) – South Africa defeated Sri Lanka by 22 runs in the second Twenty20 international in wind-swept Hambantota on Sunday to take an unassailable 2-0 lead in the three-match series. The tourists were unchanged for the second game, while Sri Lanka brought in Jayawardene and Kulasekara in place of Tillakaratne Dilshan […]
Sri Lanka Crown casino project told to shift: report
Aug 05, 2013 (LBO) – A 350 million US dollar proposed casino resort has been told to shift or change its design so that a lake can be seen through the project, a media report said.The land was recently transferred to the project on a long-term lease but the report said had been first given […]
‘s Education
August 05, 2013 (LBO) – Sri Lanka’s public sector dominated education sector needs more private partnerships Asian Development Bank country director, Rita O’Sullivan said. Resource persons include IMF’s Sri Lanka resident representative Koshy Mathai, Lloyd Fernando, Indrajit Aponsu, W A Wijewardena, Saman Kelegama, Uditha Liyanage and Rohan Perera. “There is a need to invest in […]
Shipping Hub
August 05, 2013 (LBO) – Sri Lanka can become a shipping hub with the opening of the 500 million US dollar port Monday which will help secure maritime supply routes, a senior official said. “Sri Lanka has a window of opportunity to get into and become a shipping hub with the opening of the new […]
Mega Hub
Aug 05, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa declared open a new container terminal Tuesday, making Colombo the only port in South Asia that can handle the Triple E class large container ships. President Rajapaksa said building ports was part of his five hub strategy, after formally commissioning the loading of a CMA-CGM […]