Category: Industry
SriLankan Airlines says freight carriage hits new high
May 8, 2013 (LBO) – State-run SriLankan Airlines said it carried 101,000 tonnes of freight in the year to March 2013, up 15 percent from a year earlier, the highest since 2008.SriLankan said it manages a 20,000 square meter cargo centre in Katunayake and 5,000 square feet facility at Mattala airport. The airline said revenues […]
‘s Sigiriya and Dolphin Hotels sprucing up
May 08, 2013 (LBO) – Hotel Sigiriya Plc in central Sri Lanka and Club Dolphin Hotel on the Western Coast are being refurbished, the companies said.. Club Hotel Dolphin, a part of Sri Lanka’s Hemas group will be closed from May to October 2013, the company said in a stock exchange filing. Hotel Sigiriya will […]
Foundation
May 08, 2013 (LBO) – Sri Lanka is tipped to need about 53 billion dollars over the next few years to develop vital infrastructure to propel economic growth, an infrastructure specialist said. “We see tremendous opportunity for Sri Lanka. The key to Sri Lanka’s vision to have motorable transport, integrated roads, railways and ports system,” […]
Internationalism
May 8, 2013 (LBO) – Chairman of Sri Lanka Ports Authority, Priyath Wickrama has been elected third vice president of Tokyo based International Association of Ports and Harbors (IAPH), an industry body.The 12th IAPH Asian/Oceania Regional Meeting/Port Forum had been hosted in Colombo for the first time in March 2012. Wickrama was born in Matara, […]
Ahoy
May 07, 2013 (LBO) – State-run Dredging Corporation of India has dredged Sri Lanka’s Kankasanthurai Habhour in the northern Jaffna peninsular, in a two week operation, India’s High Commission (embassy) in Colombo said.A ‘trailer suction hopper dredger’ had arrived at KKS Harbhour on April 19 and had completed the task by May 03 in a […]
Sri Lanka tourist arrivals up 7.7-pct in March, Indian arrivals plunge
May 07, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 7.7 percent to 98,155 in March 2013 with strong growth from key Western markets and China, but arrivals from India plunged, official data shows.In the first two months of the year arrivals were up 10.9 percent to 288,798. Arrivals from Western Europe, a key generating […]
New Chief
May 07, 2013 (LBO) – HSBC Sri Lanka said Patrick Gallagher has taken over as chief executive of HSBC Sri Lanka and Maldives. He succeeds Nick A Nicolaou, who has retired after more than 35 years with the HSBC group. Gallagher has joined the HSBC Group in 1989 and has worked in Bahrain, Hong Kong, […]
‘s Textured Jersey net up 47-pct
May 06, 2013 (LBO) – Sri Lanka’s Textured Jersey Limited, a knit fabric maker, said net profits for the March 2013 quarter rose 47 percent to 321 million rupees, helped by tighter cost controls and net finance income. “Looking towards the future, TJL continues to carry a strong order book with new product lines and […]
PPP
May 06, 2013 (LBO) –Sri Lanka is seeking private investments to build an expressway and port related services as the government gears to develop the next raft of infrastructure projects, officials said. “Public private partnership, is high on the government’s agenda,” Ranjith Pemasiri, Ports and highways ministry secretary told a ports and logistics forum in […]
SriLankan Airlines says online bookings faster, safer with new gateway
May 05, 2013 (LBO) – State-run SriLankan Airilines said it had signed up Wirecard, a German payment gateway operator which will make online bookings faster and safer, as part of moves to join oneoworld, a global alliance of carriers. Wirecard provides payment processing, card issuing and risk management services to more than 10,000 companies worldwide. […]
Allianz seeks Sri Lankan teens for football camp in Germany
May 04, 2013 (LBO) – Allianz Insurance Lanka said it is on the lookout for two Sri Lankan teenagers to participate in a football camp in Germany and teens between the ages 14 to 16 could apply. The annual Allianz Junior Football camp, from August 7 to 12 will allow them to train with members […]
Sri Lanka electricity rate change to cut revenues by Rs8.0bn: report
May 03, 2013 (LBO) – A change made to an electricity tariff hike from April 2013 will reduce expected revenues by 8.0 billion rupees a year, a media report said.In 2012 the CEB lost 61 billion rupees. This year the loss increased partly due to an increase in furnace oil prices which in turn would […]