Category: Industry
Sri Lanka gives nod to USD1.59bn worth hotel projects
Aug 22, 2012 (LBO) – Sri Lanka has approved 129 projects involving the building of 9,364 hotel rooms up to July 2012, deputy economic development minister Lakshman Abeywardene said. In 2013, revenues of 1,360 million US dollars were expected; in 2014, 1,740 million US dollars; in 2015, 2,120 million US dollars and in 2016, 2,500 […]
Internet Drive
Aug 21, 2012 (LBO ) – Dubai based Etisalat Sri Lanka unit, the island’s third largest celco says it is pushing mobile broadband in a bid to increase internet penetration in the island though challenges remain for broader use. Mobile broadband is one of the fastest growing sectors in telecoms in Sri Lanka where fixed […]
Sri Lanka Vietnam travel has strong potential: officials
Aug 20, 2012 HANOI, Vietnam (LBO) – Tourism between Sri Lanka and Vietnam which is just beginning has a strong potential to grow in the future, officials said during a familiarization tour of the county by travel agents of the Indian Ocean Island. Senior representatives of 15 travel agents from Sri Lanka were on a […]
Long Run
August 18, 2012 (LBO) – Sri Lanka™s Shaw Wallace and Hedges PLC plans to secure a 99-year lease on its Colombo property from the Urban Development Authority, a report said. Shaw Wallace has now told shareholders that it has plans to secure on a 99-year lease from the UDA an extent of 52.9 perches of […]
Risky Journey
August 19, 2012 (AFP) UDAPPUWA, Sri Lanka — Two Sri Lankan brothers who joined a wave of asylum seekers heading for Australia were arrested at sea, thrown in jail and face an ongoing court case — but they say they will soon try to reach the country again. The Udappuwa area is ethnically Tamil, but […]
Sri Lanka takes India in warm up World Cup games
August 18, 2012 (LBO) – Hosts Sri Lanka will begin their ICC World Twnety20 campaign with a warm-up match against India on September 15 in Colombo, the International Cricket Council said. The game will be followed by India taking on arch-rivals Pakistan on September 17 in Colombo. Sri Lanka will play their second warm-up match […]
Sri Lanka says Chinese funded coal power plant to resume in fortnight
August 18, 2012 (LBO) – Sri Lanka said its 455 million dollar Chinese funded power plant will resume operation in two weeks, after its breakdown earlier in the week resulted in countrywide power cuts, a report said. “There are some technical problems in the Lakvijaya power plant. The Chinese company, the Ceylon Electricity Board and […]
Expert Help
Aug 17, 2012 (LBO) – Veteran Sri Lanka scientist in the petroleum industry, Dr Gamini Amarasekera has joined Laugfs Lubricants Limited as a consultant to improve its lubricant brand and services, the company releasing a statement said. Dr. Gamini Amarasekera holds a phD in Chemistry from Australia’s Swinburne University and is also a member of […]
Sri Lanka CEB trade unions call off strike, comes down on demands
Aug 17, 2012 (LBO) – Trade unions of state monopoly power utility, the Ceylon Electricity Board (CEB) has called off a strike and agreed to work on five demands from an initial twelve, the ministry of power and energy releasing a statement said. The decision to call off the strike was taken following a discussion […]
Give up terror tactics and report to work – Ranawaka
Aug 16, 2012 (LBO) – Sri Lanka’s power minister Patali Champika Ranawaka has urged CEB trade unions to give up disruptive terror tactics and report to work and resolve worker grievances through discussions, the ministry releasing a statement said. Ranawaka alleged that politically motivated CEB trade unions have disrupted the power supply in the Ampara […]
Industry Support
Aug 16, 2012 (LBO)- Sri Lanka’s Information and Communication technology industry needs a strong eco system and branding strategy to support the development of the sector and to expand businesses globally, an Internet pioneer said. Highlighting the importance of young entrepreneurship Wang said, modern and small businesses are playing a key role in creating innovative […]
Coming Back
Aug 16, 2012 (LBO) – British airways will resume flights to Sri Lanka in March 2013 after a fifteen year absence in the island, the airline said in a statement. Visitors from Western Europe to the island rose 22 percent to 41,584 with UK generating most tourists at 13,643 up 13.7 percent from a year […]