Category: Industry
SriLankan Airlines to host IATA HR confab
September 03, 2012 (LBO) – National carrier Sri Lankan airlines is set to host the second International Air Transport Association (IATA) Global Human Capital Summit in Colombo giving a boost to the island’s push towards becoming a global aviation hub. “The IATA summit brings together the best in global aviation to share and discuss their […]
Tele Conference
Oct 03, 2012 (LBO) – A telecom regulators forum in Sri Lanka’s capital Colombo is looking at ways to create better conditions to foster information technology as broadband coverage takes holds around the world officials said. Lalith Weeratunga, chairman of Telecommunications Regulatory Commission of Sri Lanka said regulator had to strike a balance between regulation […]
Rubber Bastion
Oct 03, 2012 (LBO) – John Keells Plc, a commodity broking firm said Mekala Wanigasuriya, one its employees became the first female to auction rubber, since Colombo auctions began 112 years ago. The firm said the first ever lady tea auctioneer was also from John Keells. “For the first time in 112 years, a lady […]
Name Change
Oct 03, 2012 (LBO) – People’s Leasing Company, Sri Lanka’s largest leasing firm said it has changed its name to People’s Leasing & Finance Plc. The firm has a ‘AA-(lka)’ domestic rating and B+ international rating from Fitch. It also has a B+ rating from Standard and Poor’s. In July the company has applied to […]
Foreign Appetite
Oct 03, 2012 (LBO) – Sri Lanka’s NDB Bank says there is international investor appetite for bond for large projects in the island, including public private partnerships which are beyond the capacity of domestic financial markets. NDB Bank group, which has an investment banking relationship with Singapore’s DBS has had preliminary investor meetings with foreign […]
Sports Backbone
Oct 02, 2012 (LBO) – Sri Lanka Telecom, the island’s largest telecom provider says it is providing high speed connections to all sporting venues during the Twenty20 world cricket championships being held in the island. SLT has provided fibre optic links to cricket stadia in Hambantota and Galle in the south, Pallekele in central Sri […]
M&A Forum
Oct 02, 2012 (LBO) – Sri Lanka chapter of UK’s Chartered Management Institute and KPMG, a accounting firm, has organized a forum on mergers and acquisitions as businesses look outside organic growth to expand. While mergers and acquisitions are becoming popular there are also risks and challenges. CMI and KPMG has brought together a group […]
Outward Eye
Oct 02, 2012 (LBO) – Sri Lanka’s NDB Bank group will use a part of the cash from a 59 million US dollar exit from an insurance unit for regional expansion, chief executive Russel de Mel said. “We are looking for regional expansion,” de Mel said. “Though we have 30 years of experience as a […]
Sri Lanka tourist authority gets new chief
Oct 01, 2012 (LBO) – Bhashwara Senanka Gunarathna, who was a member of the board of Sri Lanka Tourism Development Authority since 2010 has been appointed its chairman the agency said. He is also the chairman of the Sri Lanka Tourism Promotion Bureau (SLTPB). The Tourism Development Authority is a policy making and infrastructure development […]
”: report
Sept 30, 2012 (LBO) – The European Union has protested to Sri Lanka over the re-export of Chinese-made bicycles which have been slapped with protective ‘anti-dumping’ taxes when exported direct, a media report said. Sri Lanka’s The Sunday Times newspaper said a protest was lodged with Sri Lanka’s embassy in Brussels by EU’s Director General […]
Sri Lanka holds international spice food festival
Sept 30, 2012 (LBO) – Sri Lanka is holding a ‘World Spice Food Festival’ in Colombo starting from October 05, featuring country specific foods and competitions, the island’s tourism promotion agency said. A number of top hotels and restaurants in the capital will also participate with master chefs being flown in. Asian cuisine will be […]
” used to smuggle gold to India: report
Sept 29, 2012 (LBO) – Sri Lankan visitors traveling to India would face tighter baggage checks following the detection of several ‘mules’ who were smuggling gold into India, a media report said. At least 10 out of 13 gold smugglers caught at India’s Chennai airport over the past month are from Sri Lanka, the Times […]