Category: Industry
Friendly Help
Nov 28, 2012 (LBO) – Japan has given 3. 7 million rupees worth tools and equipment to a Sri Lanka based organization making artificial limbs, the Japanese embassy in Colombo said. . The ‘Colombo Friend-in-Need Society’ gives ‘Jaipur’ artificial limbs with rehabilitation free of charge to needy people, and helps about 1,000 people a year, […]
Paper Mill
Nov 28, 2012 (LBO) – Sri Lanka’s Seylan Bank Plc, which came under state stewardship following a run is trying to recover 418 million rupees loaned to a public private partnership involving an Australia based party, a public notice shows. Seylan Bank in a notice published in Sri Lanka’s Daily Mirror newspaper said it was […]
Shipping Trend
Nov 28, 2012 (LBO) – Containers handled at Sri Lanka’s ports fell 3. 3 percent to 329,199 in September 2012 from a year earlier, with domestic containers falling 8.3 percent to 86,273 amid an economic slowdown, while transshipment volumes also fell. Data released by Sri Lanka’s Central Bank showed that 335 ships called at ports […]
Air Scrap
COLOMBO, Nov 28, 2012 (AFP) – The Maldives defended Wednesday its controversial decision to terminate an airport management contract with an Indian firm, saying the deal was dogged by “legal, technical and economic issues”. President Mohamed Waheed’s government gave five days to GMR Group to leave after prematurely ending the 25-year lease of the nation’s […]
Sri Lanka electricity supply reaches 94-pct
Nov 26, 2012 (LBO) – By the end of 2012 94 percent of Sri Lanka’s population will have access to electricity including improvements to the grid in war-torn areas in the island’s north, the power ministry said. In 2012, 227,913 new customers had been connected. Off-grid power was provided to 40,000 households. The distribution network […]
Ad Awards
Nov 26, 2012 (LBO) – Grants advertising group said it had won three silver and four bronze awards at Sri Lanka’s Effie advertising for 2012 with the telecom brand Etisalat being the most awarded with five medals. The Grants group in represented in Sri Lanka by Response Marketing and Grant McCann Erickson agencies. “Grants have […]
Capital Search
Nov 26, 2012 (LBO) – A new commercial bank promoted by Sri Lanka’s Cargills group will seek 3. 0 billion rupees through a private placement of shares in January 2013, a media report said. Sri Lanka’s The Island newspaper quoted Harris Premaratne, chief executive of Cargills Agriculture and Commercial Bank as saying that the lender […]
Sri Lanka hydro storage declines
Nov 23, 2012 (LBO) – Storage at Sri Lanka hydro power generating reservoirs has begun to fall this week after climbing steadily during unusually heavy inter-monsoonal rain, data from the state run power utility shows. Industry experts say the long run average for inflows is about 14GWh a day during November and about 10 during […]
Micro Tech
Nov 23, 2012 (LBO) – Sri Lanka based 24/7 Techies, a online technical support firm catering to micro businesses said it had raised 600,000 dollars from a capital raising event in the United States. 24/7 Techies (247techies.com), is an offshoot of Eureka Technology Partners, an information technology company that provides remote services to larger businesses. […]
‘s Supreme SAT satellite on Chinese rocket
Nov 22, 2012 (LBO) – Sri Lanka’s Supreme SAT is launching its first Satellite on a Chinese rocket which can be used for direct to home broadcasts and communications, the state investment promotion agency said. The project is connected to Rohitha Rajapaksa, a son of Sri Lanka’s President Mahinda Rajapaksa. “I am very proud to […]
Nordic Trading
Nov 22, 2012 (LBO) – Norway’s stock exchange Oslo Børs, has gone live with trading software from MillenniumIT, a Sri Lanka-based unit of UK’s London Stock Exchange group, the company said. MillenniumIT systems are live in over 30 locations around the World. “Oslo Børs members can now benefit from the high performance and rich functionality […]
Health Management
Nov 22, 2012 (LBO) – Japanese-style management techniques applied in hospitals in Sri Lanka had helped improve healthcare in a number of African countries, the Japan International Co-operation Agency said. JICA said the 5-S organizational method (seiri or sort), seiton or set), seiso ro shine), seiketsu or standardize) and shitsuke or sustain) and kaizen (continuous […]