Category: Industry
Boeing launches new Dreamliner with over 100 orders
LE BOURGET, June 18, 2013 (AFP) – Boeing launched a bigger version of its next-generation Dreamliner plane at the Paris Air Show on Tuesday with over 100 orders and a clear message — after a run of technical blows, the US firm is back on track.NAC has a fleet of slightly more than 100 ATR […]
Health Care
June 18, 2013 (LBO) – Sri Lanka’s Hemas group, which has interests in consumer goods, power, leisure and healthcare, opened a 1.3 billion rupee 60 bed hospital in a fast growing suburb of the capital Colombo. Hemas also has hospitals in Sri Lanka™s Wattala and Galle towns. “We decided on Thalawatugoda as the location following […]
Term Funds
June 18, 2013 (LBO) – Sri Lanka’s National Development Bank Plc said it had got 24 million US dollars through a 10-year loan from the International Finance Corporation, a multilateral lender which will be used to finance small businesses. “IFC’s investment brings the required long-term financing which will help NDB to promote the much needed […]
Cricket: Hard for Warner to retain Test spot – Clarke
SYDNEY, June 17, 2013 (AFP) – Captain Michael Clarke says it will be difficult for errant batsman David Warner to hold his place in the Australian side for next month’s first Ashes Test after his bar room punch-up with England’s Joe Root. Writing in Sydney’s Daily Telegraph on Monday, he said Warner’s actions were an […]
Education Dialogue
June 17, 2013 (LBO) – International and regional educators will come together in Colombo to debate international higher education issues at a first in a series of global forum, the British council said. Each policy dialogue features the latest thinking in its area with new research and input from the government and industry leaders. Global […]
Sri Lanka tourist arrivals up 21-pct in May
June 17, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 21 percent to 70,026 in May 2013 from a year earlier, with a recovery in the Indian market and Western Europe growing strongly, official data shows.South Asia rose 14.4 percent to 23,819. India, Sri Lanka’s largest generating market rose 8.5 percent to 17,233 and Maldives […]
Credit Trend
June 17, 2013 (LBO) – Sri Lanka’s credit to private business fell to a three year low of 7.6 billion rupees in April 2013 the lowest since May 2010, with state borrowings continuing to crowd out other loans. Contractions in central bank credit help build up foreign reserves and keep the exchange rate strong but […]
Cricket: Ton-up Sangakkara blows England away
LONDON, June 13, 2013 (AFP) – Kumar Sangakkara smashed an unbeaten 134 off 135 balls as Sri Lanka stunned England by seven wickets in a high-scoring thriller on Thursday to stay afloat in the Champions Trophy.Cook chipped in with 59 and Ravi Bopara smashed 28 runs from the final over after Sri Lanka grabbed four […]
Altruism
June 14, 2013 (LBO) – Brandix, an apparel group said its workers who had donated blood voluntarily had been recognized for making the firm the largest company to have contributed to the National Blood Transfusion Service.Sri Lanka’s President Mahinda Rajapaksa had given a plaque appreciation which had been received by Brandix chief people officer Ishan […]
Cricket: Warner facing uncertain future after Root attack
BIRMINGHAM, June 12, 2013 (AFP) – David Warner’s future as a member of the Australia tour party in England was in the balance following his bar-room attack on England’s Joe Root. Warner struggled against England, scoring only nine runs in 21 balls. He also failed to score in warm-up games against India and West Indies. […]
Sri Lanka processing large property projects
June 13, 2013 (LBO) – Sri Lanka is processing several large mixed development projects in the capital Colombo including two which may be over 500 million US dollars, investment promotion minister Lakshman Abeywardena said.BOI chairman Lakshman Jayaweera said the agency was expediting approvals and helping get clearances for investors with other line ministries and agencies. […]
Networking Link
June 13, 2013 (LBO) – Business and Professional Women International, an organization spread across 125 countries will be holding a conference in Sri Lanka in August to promote joint ventures trade and ecotourism, organizers said.The conference will be held from August 10 to 12 in Colombo with the support of the parent organization which is […]