Category: Industry
Growing Younger
Sept 14, 2012 (LBO) – Sri Lanka’s Maliban Biscuits says it has given a make-over to its popular 40-year old ‘Lemon Puff’ brand, which is also a niche export market, making it more appealing to younger consumers. The brand has been re-launched with pop stars Bathiya and Santhush as brand ambassadors. The Maliban Lemon Puff […]
Sri Lanka evaluating floating LNG terminal: minister
Sept 13, 2012 (LBO) – Sri Lanka is evaluating a proposal to build a floating liquefied natural gas terminal to supply over 1,000MegaWatts of combined cycle power plants that are running on furnace oil and a planned new one, minister Champika Ranawaka said. Another 300MW power plant was also planned in Kerawalapitiya, he said. “We […]
mLearning
Sept 13, 2012 (LBO) – Mobitel, a unit of Sri Lanka Telecom said it was providing a Master of Business curriculim on its ‘mLearning’ in partnership with Sri Lanka’s Kelaniya University. The ‘MBus’ modules could be accessed through Mobitel’s mobile broadband links. Mobitel, chief executive Lalith De Silva said the facility would help as it […]
Sri Lanka hopes to lift Tamil Nadu travel advisory soon: minister
Sept 13, 2012 (LBO) – Sri Lanka hopes to lift an advisory warning citizens not to travel to India’s Tamil Nadu state soon, cabinet spokesman minister Keheliya Rambukwelle said.India’s central government has assured that protection will be given to Sri Lankan tourists in India. Indian media reports and several political parties had condemned the attacks […]
Land Connections
Sept 12, 2012 (LBO) – China State Construction Engineering Corporation Limited has been given a 40 billion rupees (303 million US dollars) contract to build roads and flyovers in Hambantota in the South. Cabinet spokesman minister Keheliya Rambukwelle said 85 percent of the financing will come from the Exim Bank of China and the balance […]
Fake Lubes
Sept 12, 2012 (LBO) – There was a thriving business in Sri Lanka involving the sale of unlicensed lubricants, adulterated and counterfeited brands and recycling used oil, which can damage vehicles engines, industry officials said. Such products used by unwary consumers could damage vehicle engines, he warned. Sri Lanka’s lubricant market was estimated at 60 […]
Sri Lanka imports, exports, trade gap shrinks
Sept 12, 2012 (LBO) – Sri Lanka’s exports fell 17. 4 percent to 794.4 million US dollars in July 2012 from a year earlier, imports fell 24. 9 percent to 1,329.1 million US dollars and the trade gap fell 33.88 percent to 534.6 million US dollars, the Central Bank said. Sri Lanka’s exports were contracting […]
Sri Lanka working with China to clear coal plant hitches
Sept 12, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board and a Chinese contractor is working to rectify problems with the island’s first coal power plant and changes will be made to two others that have not yet been finished, officials said. He said Chinese and Sri Lankan engineers had come up with reports […]
‘s wear
Sept 12, 2012 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter said a strategy of focusing on children’s had helped it survive a downturn in key Western markets, though both profits and revenues fell. In the year to March 2012, revenues of Orient Garment group fell 4. 7 percent to 3.41 billion […]
Petro Regulation
Sept 11, 2012 – Petroleum products are expected to be brought under Sri Lanka’s multi sector utilities regulator which is already overseeing the power sector, from the beginning of 2013, with enabling legislation now being drawn up, officials said. PUCSL director general Damitha Kumarasinghe said the regulator would allow reasonable costs to suppliers but will […]
Gadol Brake
Sept 11, 2012 (LBO) – Sri Lanka’s new vehicle registrations have plunged 48 percent in June 2012 from a year earlier in the wake of higher taxes and currency depreciation with three wheelers falling the most, official data showed. In the six months to June total vehicle registrations were down 5.7 percent to 234,388. Motor […]
Tele Trends
Sept 10, 2012 (LBO) – Sri Lanka’s wireless fixed access users fell 6. 6 percent to 2.46 million by end June 2012, from a year earlier, with most of them dropping off in the second quarter, while wireline use expanded with broadband popularity, official data shows. Data released by the Central Bank shows that 180,796 […]