Category: Industry
‘s John Keells Holdings in 650mn mixed resort
July 10, 2013 (LBO) – Sri Lanka’s John Keells Holdings said it was shortly expecting state approval as a ‘strategic development project’ for a 650 million dollar mixed development project in Colombo.The project will be on land occupied by subsidiaries Ceylon Cold Stores, John Keells Plc, John Keells Properties (Pvt) Ltd and Waterfront Properties in […]
India beat Sri Lanka to join them in Tri-nations final
PORT OF SPAIN, July 9, 2013 (AFP) – India overcame Sri Lanka and the almost continuous threat of inclement weather on Tuesday at Queen’s Park Oval to advance to the final of the Tri-Nation Series two days later against the same opponents.In yet another match in Trinidad severely affected by rain, the World Cup and […]
Cricket: Sri Lanka weather the storm to beat WIndies
PORT OF SPAIN, July 8, 2013 (AFP) – Sri Lanka weathered a middle-order revival by the West Indies and held on for a 39-run victory on the Duckworth/Lewis Scoring Method in a rain-affected fifth match of the Tri-Nation Series at Queen’s Park Oval on Monday.Sangakkara’s 95-ball knock, his 76th half-century in one-day international cricket, included […]
Cricket: Two Sri Lanka umpires banned over TV sting
COLOMBO, July 9, 2013 (AFP) – Sri Lanka cricket bosses on Tuesday banned two umpires named by an Indian television programme last year that claimed they were willing to make favourable decisions during matches for cash.Sri Lanka Cricket (SLC) said it banned Sagara Gallage for 10 years from umpiring in domestic matches, and Maurice de […]
Oil Bid
July 8, 2013 (LBO) – Ceylan Energy, a Sri Lanka based start-up oil firm will bid for an exploration block, partnering with international operators, a media report said.Sri Lanka’s The Sunday Times newspaper quoted Harry Kulasinghe, chairman as saying that the firm has a team of people with over 100 years collective oil and gas […]
Sri Lanka IPP puts 48MW of expired power plants on sale
July 08, 2013 (LBO) – Sri Lanka’s Aitken Spence Power, a unit of Sri Lanka’s Aitken Spence group has put two 24 MegaWatt plants for which power purchase agreements have expired for sale.Aitken Spence in a web notice said it invited offers for the plants, each of which had four Wartsila Vaasa Engines running on […]
Sri Lanka to start building 35MW hydro plant on July 15
July 8, 2013 (LBO) – Sri Lanka will begin building a 35 MegaWatt ‘Broadlands’ hydro power plant, on July 15 in Polpitiya, Kithulgala, the power ministry said.The plant will produce 126 GigaWatt hours of energy a year for state-run Ceylon Electricity Board. The 82 million dollar plant will be 85 percent financed by China Development […]
Top retailers, unions to inspect Bangladesh factories
DHAKA, July 7, 2013 (AFP) – Seventy top retailers have pledged to improve worker safety and allow inspection of all of their garment factories in Bangladesh within nine months under a pact signed with unions after a deadly factory collapse, a statement said Monday.But in recent weeks manufacturers have criticised the organisers, saying the BGMEA […]
Sri Lanka Jetwing group private equity raising on track
July 08, 2013 (LBO) – A private equity raisin for four greenfield hotels is underway with local investors and a foreign investor coming on board, but the matching investor needs with a new project has been challenging, an official said.“While the equity investor is looking at us, we are also looking at them,” Jetwing chief […]
Cricket: West Indies without Bravo for Sri Lanka match
PORT OF SPAIN, July 6, 2013 (AFP) – West Indies captain Dwayne Bravo has been suspended from his team’s encounter with Sri Lanka in the fifth match of the Tri-Nation Series at the Queen’s Park Oval on Sunday.In a decision handed down by the International Cricket Council match referee Jeff Crowe and released on Saturday, […]
Sri Lanka gaming resorts could add $900mn to tourism revenues: report
July 06, 2013 (LBO) – Sri Lanka’s gaming industry could generate 900 million US dollars a year with only two 500-room integrated resorts, upping rates of city hotels, but more support facilities are needed, a research report has said.A game changing 900,000 tourists could be added within four years to Sri Lanka’s current tourist arrivals […]
Sri Lanka urban housing eyed by UAE firm: industries ministry
July 05, 2013 (LBO) – Midein Holding Llc, an Abu Dhabi based firm is looking at urban housing development in Sri Lanka, the ministry of industry and commerce said.Omair S Al Dhaheri, chairman of Midein Holding had visited Colombo and has had talks with deputy investment promotion minister Faiser Mustapha and chairman of the state […]