Category: Industry
Sri Lanka Browns to build Rs1.75bn hotel
April 09, 2012 (LBO) – Sri Lanka’s Browns Investments is to build a 150-roomed hotel on the south coast at an estimated cost of 1.75 billion rupees and scheduled to be completed by 2013 amid a tourism boom. The firm is to build a four-star hotel with 150 rooms in Kosgoda as it has decided […]
Sri Lanka and Vietnam can boost trade with fast track measures: officials
April 08, 2012 (LBO) – Sri Lanka and Vietnam can boost bi-lateral trade by opening trade with a few items, and promoting interaction by reciprocal arrangements to participate in trade fairs, officials said. “Trade is 180 percent of gross domestic product, making Vietnam one of the most open countries in the world,” Truong said. “The […]
Sri Lanka state airline pays US$7.7mn in rental
Apr 07, 2012 (LBO) – Sri Lanka’s state-run SriLankan Airlines is paying 7. 7 million US dollar a month to lease 21 aircraft, a media report quoting a parliamentary filing said. The Island newspaper said quoting a document tabled by civil aviation minister Piyankara Jayaratne said Mihin Lanka, a loss-making budget carrier is also pays […]
Sri Lanka state airline flights not axed
Apr 06, 2012 (LBO) – Sri Lanka’s state-run SriLankan Airlines said it will continue to operate European routes, two of which were earlier to be axed during off-peak periods. SriLankan Airlines officials had earlier said that it wanted to prune European long haul flights and re-deploy equipment on more lucrative Asian routes to improve the […]
Business Tool
April 06, BANGKOK (LBO) – Use of mobile phones has grown rapidly among the poor in Sri Lanka, becoming almost an indispensable business tool among small entrepreneurs and farmers, according to a new study. Computer use at the ‘BOP’ level was low overall as was internet use but mobile phones emerged as almost ubiquitous. “Probably […]
Sri Lanka airport lounge opened by Emirates
Apr 05, 2012 (LBO) – Dubai-based Emirates had built 200 million rupee lounge for its first and business class passengers, at Sri Lanka’s Bandaranaike International Airport, near the capital Colombo, the airline said. “Emirates is one of the most active carriers serving Colombo, with 28 flights a week,” Chandana de Silva, area manager for Sri […]
Sri Lanka to make Dutch Fort admin office a tourist attraction
Apr 05, 2012 (LBO) – An government administration building inside a 17th century Dutch Fort in Sri Lanka’s south will be turned into a museum and part of its will be commercially developed as a tourist attraction, a minister said. The Galle Dutch Fort is a UNESCO world heritage site. The cabinet of ministers had […]
Sri Lanka state carrier axes flights to Zurich, Rome
Apr 04, 2012 (LBO) – State-run SriLankan Airlines said it will cancel flights to Zurich and Rome in May and June which are off-peak months but will resume them from late June, to contain costs. SriLankan is focusing more on Asian routes amid heavy competition and weak conditions in Europe. The airline is expected to […]
Mobile Edge
April 04, 2012 (LBO) – A mobile phone ranking system is being developed to help Sri Lankan pineapple farmers identify suppliers of good quality planting material and avoid buying diseased plants that could destroy entire crops. The initiative is part of efforts to make more use of information and communication technology like mobile phones to […]
Diversion
Apr 03, 2012 (LBO) – Vehicle imports would be routed through a new port in Hambantota in the south of the island from May 31, which will speed up clearing of cars, state-run Sri Lanka Ports Authority said. SLPA said roll-on roll-off vessels were experiencing berthing delays and delays in clearing were also causing congestion. […]
Asian Footprint
Apr 02, 2012 (LBO) – London Stock Exchange which is using software developed by a Sri Lanka based firm to run the world’s fastest trading platform said it is looking to expand operations is Asia, including more outsourcing. London Stock bought MillenniumIT, a Sri Lanka-based exchange software maker, three years ago, which has supplied at […]
Sri Lanka to get Tiger Airways flights from May
Apr 01, 2012 (LBO) – Singapore-based Tiger Airways, a budget carrier, said it is starting thrice-a week flights to Sri Lanka’s capital Colombo from May 31, as the island attraction as a tourist spot grows after the end of a civil war. “We are pleased to announce the launch of our direct flights between Singapore […]