Category: Industry
Sri Lanka Brandix apparels cuts eco impact, sets new targets
Sept 04, 2012 (LBO) – Sri Lanka’s Brandix apparel group said it had set a target to cut its environmental impact by 20 percent in the next eight year after reaching an earlier milestone ahead of schedule. The firm had recycled 961,000 cubic metres of water or 44 percent of its total intake and collects […]
Sri Lanka warns citizens against travel to Tamil Nadu
Sep 04, 2012 (LBO) – Sri Lanka has advised citizens not to travel to India’s Tamil Nadu state following a series of incidents which culminated in a group of pilgrims being forced to take refuge in a Catholic Church after they were mobbed. Jayalalithaa has objected to members of Sri Lanka’s military being trained in […]
Market Eye
Sept 03, 2012 (LBO) – Lanka IOC, a unit of Indian Oil Corporation said it had exported 118. 6 million US dollars of ‘SERVO’ branded lubricants and was planning to boost foreign sales further in the current year. …[I]t has been decided to further expand our business to South-East Asian countries by appointingLube Distributors in […]
Sri Lanka small passenger aircraft targeted by Mahindra Aviation
Sept 03, 2012 (LBO) – India’s Mahindra group is targeting Sri Lanka with its range of small passenger aircraft which can boost domestic and short range air travel between neighboring destinations including the Maldives, a top executive said. The group’s chief of strategy, Shiprakash Shukla said its small aircraft is ideal to take smaller groups […]
Sri Lanka Heritance bags green tourism awards
Sept 03, 2012 (LBO) – Sri Lanka’s Heritance Hotels and Resorts, a brand of the island’s Aitken Spence group has won top green awards at a competition organized by the state tourism promotion agency. The awards for best employee of the year, and best restaurant manager of the year went to Kumara Karunaratne and Tushara […]
Capital Tower
Sept 02, 2012 (LBO) – India’ Krrish group, which has interests in alcohol and real estate is in a deal with Sri Lanka to build a 460 million US dollar tower with land leased from the state, a media report said. The newspaper quoted documents as saying that the Indian firm will “offer the Central […]
Sri Lanka state carrier in paperless flight deck ops, PNB
Sept 01, 2012 (LBO) – State-run SriLankan Airlines said it was moving to paperless flight deck operations dropping printed manuals in favour of an electronic flight bag (EFB) based on a mobile electronic device and new navigation procedures. “SriLankan has taken the lead in Asia to revolutionise the flight deck, realising the vision of paperless […]
Sri Lanka Taj unit expects strong demand
Sept 01, 2012 (LBO) – Taj Lanka Hotels, a unit of India’s Taj Hotels and Resorts is expecting strong demand for hotel rooms in the next few years despite a number of new properties coming up as tourism arrivals continue to grow. Chairman Raymond Bickson, told shareholders that expert forecasts indicate the demand for hotel […]
Tightly Managed
Aug 31, 2012 (LBO) – Profits at Sri Lanka’s Standard Chartered Bank unit rose 20. 9 percent to 1.52 billion rupees in the six months to June 2012 from a year earlier, helped by a surge in forex income, published accounts showed. Total performing loans rose only 5.9 percent to 46.8 billion rupees in the […]
Sri Lanka Laugfs expects 398-room hotel chain by end 2014
Aug 30, 2012 (LBO) – Sri Lanka’s Laugfs group is expecting to have 398 hotel rooms operational by end 2014 under its ‘Ananthaya’ branded chain, chairman W K H Wegapitiya said. The chain includes a 75 room hotel in Sigiriya, a 125 room hotel in Waskaduwa a 110 room hotel in Passikudah and an 88 […]
Mortgage Access
Aug 30, 2012 (LBO) – Sri Lanka’s former war zones in the north and the east and areas in the South hit by a tsunami in 2004 will get housing loans from DFCC Vardhana Bank financed by a 15 million US dollar credit from Asian Development Bank. ADB said it the loan from its private […]
Loan Relief
Aug 30, 2012 (LBO) – Several banks in Sri Lanka will suspend recovering farmer loans in drought stricken areas on an order made by President Mahinda Rajapaksa, information minister Keheliya Rambukwella said. The moratorium came after representations made by farmers when President Rajapaksa visited drought stricken areas recently, minister Rambukwelle said. The debt moratorium applies […]