Category: Industry
Reserve Kitty
August 07, 2012 (LBO) – Sri Lanka’s foreign reserves stood at over seven billion dollars as at end July largely due to proceeds from the one billion sovereign bond, the central bank said. The island’s stock exchange netted in 205 million dollars during the seven month period, despite the benchmark All Share Price Index down […]
Formal Training
August 07, 2012 (LBO) – Sri Lanka’s Shippers’ Academy Colombo has launched a comprehensive transport, logistics and trade course to help develop the careers of those working in the logistics trade. The career path has three segments, where a three month certificate course will lead to a requirement fulfilment of the Director Merchant Shipping to […]
Sri Lanka aims to attract more American travelers
August 06, 2012 (LBO) – Sri Lanka is on a drive to attract 100,000 American tourists by 2016 in a bid to woo part of tourist traffic to the Maldives and India and attract more up market travelers to the island, a diplomat said. “We are working on an aggressive campaign to attract 100,000 American […]
Sri Lanka to connect 30MW wind power this week
Aug 06, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board will connect 30MegaWatts of wind power from three privately owned wind power plants this week, pushing total capacity to 63MW, the islands, power ministry said. The three plants will contribute about 90 Giga Watt hours (millions of units) of energy a year, or about […]
Sri Lankan airlines to boost flight training capacity with second simulator
August 05, 2012 (LBO) – State run Sri Lankan airlines is to take delivery of a new Dutch built A330 flight simulator early next year increasing the airline’s capacity to offer flight simulator services to regional carriers, the airline said. The A320 flight simulator installed at the airline’s flight training school last year has helped […]
New Investor
August 05, 2012 (LBO) – Pakistan based Lakhani group is looking to invest eight million dollars to build a university and a three star city hotel in Colombo, a top executive said. Naveed Hussain Lakhani, Chairman of Imperial builders (Pvt) Ltd, a subsidiary of the Lakhani group said the company is currently looking for a […]
Digging Deep
August 03, 2012 (LBO) – Sri Lanka’s Dialog Axiata PLC, the island’s largest mobile operator, said its group profits fell to 879.45 million rupees for the June quarter from 1.26 billion rupees reported in the same quarter 2011. A unit of Malaysia’s Axiata Berhard, Dialog’s group revenues grew to 14.1 billion rupees in the June […]
Sri Lanka hopes to earn more than $6 mn from cricket T20 premier league
August 02, 2012 (LBO) – Sri Lanka Cricket tips the island will earn in excess of six million dollars from its inaugural Twnety20 premier league from professional fees, sponsorships and hotel accommodation. The Sri Lanka Premier League runs from August 10-31 and will be played at Colombo’s R. Premadasa Stadium and Kandy’s Pallekele Stadium. The […]
’s John Keells, Phoenix Ventures floats local air taxi service
August 02, 2012 (LBO) – Sri Lanka’s John Keells Holding PLC has joined with Phoenix Ventures Limited to start a 6.8 million dollar domestic air taxi service, a statement said. Saffron Aviation (Pvt) Ltd, will be a 8.4 million dollar project becoming the second such air taxi operator after national carrier SriLankan Airlines. The start-up […]
Urban Dwelling
Aug 02, 2012 (LBO) – Sri Lanka is set to begin work on the second stage of a housing project to relocate Colombo’s shanty dwellers in a bid to improve living standards and transform the congested Slave Island area to a modern residential and commercial zone, officials said. Housing units starting from a minimum five […]
Financial Intelligence
August 02, 2012 (LBO) – The Financial Intelligence Unit (FIU) of Sri Lanka’s Central Bank has signed a Memoranda of Understanding (MOU) with FIUs of Mongolia, Russia, Saudi Arabia, and the United States, the bank releasing a statement said. Under the MOU the countries will share financial information to facilitate the investigation and prosecution of […]
’’s Choice award
August 1, 2012 (LBO) – Sri Lankan cricketer Kumar Sangakkara is among the five international stars nominated for this year’s people’s choice award, the International Cricket Council said. Fans can decide on the winner by unity to decide the winner, by accessing an application: ICC’s official Facebook page Voting will be open until midnight UAE […]