Category: Industry
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 […]
Banking Forum
June 13, 2013 (LBO) – A forum for chief financial offers will kick off Thursday evening on opportunities, strategies and challenges with respect to the future growth of Sri Lanka’s banking sector. Senior bankers and a senior representative from Central Bank will take part in panel discussion on the above areas and other key challenges. […]
Transit Loss
June 12, 2013 (LBO) – Sri Lanka’s vehicle importers have been badly hit by a sharp increase in theft of parts in vehicles imported via Hambantota port and security has been tightened, officials said.“Our members frequently complain to us that there is a strong increase in the stealing of vehicle parts especially in the past […]
Big Brother
WASHINGTON, June 12, 2013 (AFP) – A fierce debate about Internet privacy and the limits of US executive power erupted on Tuesday, in a victory for the young intelligence technician at the center of a global leak storm. While Democratic Senator Dianne Feinstein, the head of the Senate intelligence committee, branded the leak an “act […]
Sri Lanka investment approval for Crown in final stages: minister
June 12, 2013 (LBO) – Investment approval for Australian magnate James Packer’s Crown group for a joint venture mixed development in Sri Lanka is being finalized and details will be presented parliament soon, investment minister Lakshman Abeywardena said.If the promoters wish to shift a casino to the project he said that was between the partners […]