Category: Industry
Offshore Support
Aug 09, 2012 (LBO) – Increasing demand for ship supply services off Sri Lanka has prompted GAC Sri Lanka, the local unit of the international shipping logistics group, to move into bigger offices in the ports of Trincomalee and Galle, a statement said. The new office in Galle is located near a new expressway connecting […]
Sri Lanka to ration power in key towns and villages
Aug 08, 2012 (LBO) –Sri Lanka will cut power for two hours and fifteen minutes during the daytime Thursday (August 09) owing to a breakdown in a Chinese build coal plant in the north western region in the Island, the power ministry releasing a statement said. Some areas in northern and southern zones in the […]
Slow Gear
Aug 08, 2012 (LBO) – A slowdown in Sri Lanka’s vehicle ownership continued with registrations for July 2012 dropping 55 percent to 26,799 from 41,481 a year earlier, JB Securities said. In the first seven months of 2012 registration of brand new and reconditioned cars slipped to 18,376 units from 31,462 compared to the same […]
‘s Lakvijaya power plant down
Aug 08, 2012 (LBO) – Power generation in Sri Lanka’s newly built Lakvijaya coal power plant in north-western Puttalam district has been temporarily suspended due to a problem in a transmission line,the ministry of power and energy releasing a statement said. The ministry said a sudden breakdown in the transmission line which takes power from […]
Recruiting Business
Aug 06, 2012 (LBO) – Sri Lanka’s unit of Randstad, a global recruiting and HR consultancy group is working on an awards scheme to select the best employers in the island, a top executive said. “Our understanding of the overall employment market and particular sectors, who your competitors are, where talent is likely to be […]
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 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 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 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 […]