Category: Industry
Sri Lanka Vietnam trade up 51-pct in first six months: envoy
Sept 06, 2012 (LBO) – Two way trade between Sri Lanka and Vietnam reached 64 million US dollars in the first six months of the year, up 51 percent from a year earlier, Hanoi’s envoy to Colombo Ton Sinh Thanh said. “It is estimated that in the first nine months, the total trade between the […]
Business Services
Sept 06, 2012 (LBO) – SREI Infrastructure Finance Ltd of India has tied up with Arinma Holdings (Pvt) Ltd, a Colombo based firm to explore infrastructure opportunities in Sri Lanka as the island emerges from a 30-year civil war. The collaboration is targeting opportunities in advisory, equipment rental for the construction and healthcare sectors, and […]
Transparent Pricing
Sept 05, 2012 (LBO) – Indian Oil Corporation’s Sri Lanka unit, Lanka IOC has called for a pricing formula for retail fuels which keeps parity with import prices a call that has been echoed by other economists and analysts. “It would help everyone if the Government of Sri Lanka could evolve a long-term pricing formula […]
Sri Lanka apparel exports buoyed by US demand
Sept 05, 2012 (LBO) – Brandix, a top Sri Lankan apparel exporter has seen strong demand from the US helping offset a slump in Europe demand helping keep revenue growth in positive territory, an official said. Sri Lanka’s apparel exports fell 1.6 percent to 1.98 billion rupees in the first six months of 2012, with […]
Sri Lanka tea estate export unit in profits
Sep 04, 2012 (LBO) – BPL Teas (Pvt) Ltd, a tea marketing unit of Sri Lanka’s Metropolitan group Bogawantalawa Estates Plc, has started making profits, chairman D J Ambani told shareholders. The tea growing parent firm said it lost money in tea with a 365 million rupee loss for the year partly due a steep […]
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 […]