Category: Industry
Sri Lanka hotels have room to cut running costs with less energy, water: IFC study
June 04, 2013 (LBO) – Sri Lanka’s larger hotels are starting to use energy and water saving technology but there is potential to save operating costs including in those under construction, a study has found. International Finance Corporation a World Bank unit said among the three, four and five star hotels surveyed good practices were […]
Price Fix
NEW YORK, June 3, 2013 (AFP) – A US government lawyer accused Apple Monday of concocting a deliberate scheme to fix prices of electronic books as the antitrust trial against the tech giant got underway. “Apple knowingly and intentionally committed to a common scheme of publishers to raise prices,” Justice Department attorney Lawrence Buterman told […]
National Link
June 04, 2013 (LBO) – Sri Lanka Telecom, the island’s sole wireline operator which also has mobile and video services, said it had been formally licensed to operate a national backbone with its fibre-optic network. Other operators are also given access to the National Backbone Network (NBN). “SLT’s network is ready with the necessary flexibility, […]
‘s Nilaveli Beach gets Trip Advisor accolade
June 04, 2013 (LBO) – Nilaveli Beach Hotel in Trincomalee in Sri Lanka’s Eastern coat said it had been recognized by Trip Advisor, a travel review site for two years running based on user responses.The Trip Advisor Certificate of Excellence is given only to the top 10 percent of businesses listed on the site, the […]
Port Call
June 04, 2013 (LBO) – Sri Lanka’s Hambantota Port has drawn about a billion US dollars in investments in a second call for investors, the state port agency chairman Priyath Wickrama said. Eleven manufacturing and processing for export industries with combined value of a billion US dollars had been selected by a cabinet appointed negotiations […]
Cricket: Fixing scandal casts cloud over Champions Trophy
SOUTHAMPTON, United Kingdom, June 03, 2013 (AFP) – The world’s leading cricketers gather for the Champions Trophy in the UK that starts this week against the backdrop of a growing fixing scandal emerging from the Indian Premier League, which has already claimed several high-profile casualties.Such is the extent of the crisis, Narayanswamy Srinivasan, the seemingly […]
Speed
June 3, 2013 (LBO) – Mobitel, a unit of Sri Lanka Telecom, said mobile fourth generation (4G) broad band services had gone live in Colombo, Galle, Hambantota, Jaffna, Kalutara, Kandy, and Matara.Enterprises can benefit from the service as it is reliable and has higher average speeds of Mobitel’s mobile 4G-LTE service which is backed by […]
Fire Fight
June 3, 2013 (LBO) – A fire at a general cargo warehouse at Sri Lanka’s Colombo Port which resulted in about 600 million rupees of damage appeared to have been caused by falsely declared dangerous chemicals, officials said.Sri Lanka Ports Authority Chairman Priyath Wickrama said 461 customers had given information about the cargo imported and […]
Cricket: Kohli, Karthik tons help India beat Sri Lanka
BIRMINGHAM, United Kingdom, June 01, 2013 (AFP) – Virat Kohli and Dinesh Karthik both hit centuries as India warmed up the forthcoming Champions Trophy with an impressive five-wicket win against Sri Lanka at Edgbaston on Saturday.Mahendra Singh Dhoni’s team looked up against it when Sri Lanka posted an imposing total of 333-5 after being put […]
Cyber Charge
SINGAPORE, June 01, 2013 (AFP) – US Defense Secretary Chuck Hagel on Saturday accused Beijing of involvement in cyber espionage against Washington in a speech at a Singapore security forum attended by Chinese military officials.China kept up a steady campaign of hacking in 2012 that included attempts to target US government computer networks, which could […]
Financial Expansion
May 31, 2013 (LBO) – A new finance company unit of Sri Lanka’s Richard Peiris group will focus and core hire purchase and leasing but expects to gain an from group synergies, officials said.Richard Pieris Arpico Finance, a Central Bank registered firm, has been capitalized with 400 million rupees and which will be topped up […]
Banking Gains
May 31, 2013 (LBO) – Sri Lanka’s DFCC Bank group has reported net profits of 1.2 billion rupees in the March 2013 quarter, up 63 percent from a year earlier, helped by higher interest income. The group reported earnings of 4.63 rupees per share reporting on accounts filed with the Colombo stock exchange using Sri […]