Category: Industry
SriLankan Airlines to boost cargo, cut costs with new Airbus aircraft
Apr 29, 2013 (LBO) – State-run SriLankan Airlines expects to boost freight volumes especially on long haul flights as well as cut running costs, with the acquisition of 13 wide-body Airbus aircraft, chief executive Kapila Chandrasena said.In the year to March 2012, SriLankan’s passenger factor rose to 79.1 percent from 76.7 percent a year earlier, […]
Sri Lanka tourist arrivals up 11.6-pct in February
Apr 29, 2013 (LBO) – Tourist arrivals to Sri Lanka rose 11.6 percent in February 2013 to 93,232 from a year earlier, helped by gains in Europe and East Asia, official data showed. Malaysian visitors rose 27.9 percent to 1,973 while tourists from Singapore dropped 23 percent to 1,030 and those from Taiwan fell 67 […]
SriLankan Airlines to get 13 Airbus aircraft with 7 A350s
Apr 28, 2013 (LBO) – State-run SriLankan Airlines will acquire seven Airbus A350-900 and six A330-300 aircraft to upgrade its product and cut costs starting from October 2014, chief executive Kapila Chandrasena said.SriLankan will acquire 10 aircraft from Airbus through a mix of operating and finance leases in a deal which has a ‘present value’ […]
SriLankan to re-fleet with Airbus wide-body aircraft: report
Apr 28, 2013 (LBO) – SriLankan Airlines has decided to acquire Airbus Industrie aircraft to replace its ageing wide-body fleet, a media report said. SriLankan lost 20.5 billion rupees last year but it had been getting annual capital injections of about 100 million US dollars though government bonds. SriLankan already has a fleet of younger […]
Tourists in Sri Lanka experience New Year festivities
Apr 28, 2013 (LBO) – Tourists in Negombo, a resort north of Sri Lanka’s capital Colombo have participated in a traditional New Year festival getting a taste of seasonal games and rituals, the tourism promotion office said. The event was organized by the tourism office, Negombo Hoteliers Association and the Sri Lanka Travel Journalists Association, […]
Showcase
Apr 28, 2013 (LBO) – A logistics conference and exhibition pushing Sri Lanka’s position as a maritime hub will be flagged off by the island’s President Mahinda Rajapaksa on May 02, featuring regional and international players, organizers said.The event will have international and local exhibitors and expert panels exploring key emerging trends in the region, […]
Sri Lanka expands hotel management schools
Apr 27, 2013 (LBO) – Sri Lanka has built a hotel management school in Kandy in the central hills more than doubling capacity to accommodate 500 students a year, the economic development ministry said. Located in Kandy in Pallekelle the has a fully equipped kitchen, classrooms, dining rooms, library, computer lab, open air theater, a […]
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Apr 26, 2013 (LBO) – Sri Lanka’s main opposition United National Party said a power tariff hike could have been imposed without an increase on small users to get the same revenue. Opposition legislator Harsha de Silva proposed an alternative pricing structure Friday which avoids raising tariffs for those using 90 units or below and […]
Sri Lanka opposition says bulk of costly IPPs outside their remit
Apr 26, 2013 (LBO) – Most of Sri Lanka’s private power production capacity has been signed up by state-run Ceylon Electricity Board, outside their administrations and the problems are with ‘negotiated’ plants, an opposition legislator said.Coolair 2005 (not in operation) and Aggreko 2005 and the controversial West Coast Kerawalapitiya the largest ever private plant of […]
Finalized
Apr 25, 2013 (LBO) – A one billion rupee unsecured listed debenture issue to be sold by Sri Lanka’s Senkadagala Finance had been given a final investment grade rating of ‘BBB+(lka), Fitch Ratings said. It is at the same level as an expected rating issued on April 18, pending the receipt of final documents. The […]
‘s Lighthouse Hotel net down 29-pct
Apr 25, 2013 (LBO) – Profits at Lighthouse Hotel Plc, a unit of Sri Lanka’s Jetwing group fell 29 percent to 57.1 million rupees in the first quarter of 2013, interim accounts showed. The firm reported earnings of 1.24 rupees for the quarter, in accounts filed with the Colombo Stock Exchange. In the year to […]
Rolling
Apr 25, 2013 (LBO) – A 43 kilometre stretch of Sri Lanka’s Northern Railway line has been re-built to allow trains to be run up to a speed of 120 kilometres, Ircon, an Indian state-run transport engineering firm said.Ircon said the 120 kilometre speed capable track has been laid with pre-stressed concrete sleepers and rail […]