Category: Industry
BengalLine
Apr 30, 2013 (LBO) – Sri Lanka’s Dialog Axia, its parent Telekom Malaysia, UK’s Vodafone and Middle Eastern operators are teaming up to build an 8,000 kilometer undersea cable system, consortium partner Reliance Industries Limited of India said.The cable system is expected to be operating by end 2014. The ‘Bay of Bengal Gateway’ submarine cable […]
‘s top tourist market in East Asia
Apr 30, 2013 (LBO) – China has overtaken Japan as Sri Lanka’s top tourist market in East Asia generating more tourists from around September 2012, official data show. Economic ties with China have been growing in recent years and there are also some Chinese expatriates working in projects in the island.Tourist promotions targeting China has […]
Management
Apr 30, 2013 (LBO) – Sri Lanka’s Aitken Spence Plc said it had signed 15 year deal to manage ports in Fiji and will invest 10.5 million Fiji dollars (5.9 million US dollars) in the project. Aitken Spence also ports operations in South Africa.The group has interest in shipping, leisure and power. Aiken Spence said […]
Sri Lanka may reduce electricity tariff increase: report
Apr 30, 2013 (LBO) – Sri Lanka may moderate an increase in electricity tariff imposed from April 2013 amid growing opposition, a media reports said. Sri Lanka’s privately owned The Daily Mirror newspaper quoted power ministry secretary M M C Ferdinando as saying there may be possibility of cutting the tariffs. The Lankadeepa newspaper said […]
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 […]