Category: Industry
Sri Lanka apparel firm goes carbon neutral
Feb 10, 2012 (LBO) – Sri Lanka Hirdaramani Group, a big apparel exporter, said it has got carbon neutral certification for one of its factories, giving it an edge over competitors among environmentally conscious consumers. Acquiring ‘CarbonNeutral’ certification for its ‘Mihila’ factory “adds to our competitive edge against regional providers, the group said in a […]
Movie Moves
Feb 09, 2012 (LBO) – Sri Lanka could attract Vietnam’s growing film industry to shoot on location, as the two countries shared many similarities, Hanoi’s envoy to the island Ton Sinh Thanh said. “Vietnam’s film industry is growing and Sri Lanka has many beautiful locations,” ambassador Thanh told reporters in Colombo. “At one time films […]
Liner Concentration
Feb 09, 2012 (LBO) – Shipping lines are coming together and concentrating their power to survive a downturn in trade that is causing losses but a recent freight rate hike might not last, Sri Lankan shippers have been told. In 2012, 253 vessels with a total capacity of 1. 4 million TEUs (twenty-foot equivalent container […]
Sri Lanka tea market in Middle East seen threatened
Feb 08, 2012 (LBO) – Sri Lanka might be in danger of losing part of its market for tea in the Middle East, one of its biggest markets, as younger consumers are shifting away from the beverage. Hilmy Cader, chief executive of MTI Consulting, said his international management consultancy based in Bahrain had observed a […]
SriLankan Airlines goes for early check-in
Feb 08, 2012 (LBO) – SriLankan Airlines has called on all economy class passengers to check in an hour before scheduled time of departure in a move to ease congestion at the airport. “All SriLankan Airlines economy class check in counters will close 60 minutes before scheduled time of departure from February 01, 2012,” a […]
Sea Transfers
Feb 07, 2012 (LBO) – Global ship agency and offshore marine service provider GAC has set up a supply base in Galle to support ship-to-ship (STS) services, a statement said. The new service complements existing services such as ship agency, bunker supplies and the ship supply service. GAC Sri Lanka uses a fleet of ten […]
Sri Lanka Hayleys Knitting Mills loss narrows
Feb 06, 2012 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills (HMGT) managed to reduce losses in the December 2011 quarter from a year ago but sales also fell, interim accounts showed. Hayleys MGT Knitting Mills made a loss of 515 million rupees for the nine months ending December 2011, down nine percent from the […]
Health Profits
Feb 06, 2012 (LBO) – Sri Lanka’s Asiri Hospital Holdings said net profits in the December 2011 quarter rose 51 percent to 117 million rupees from a year earlier, as revenues grew 36 percent to 1. 67 billion rupees. The firm has earnings of 13 cents per share for the quarter. It is reporting earnings […]
Sri Lanka Jetwing in US$6mn hotel in Jaffna: report
Feb 05, 2012 (LBO) – Sri Lanka’s Jetwing hotel group has started building a 700 million rupee (6. 1 million US dollars) hotel in the northern city of Jaffna which was cut off from the rest of the island for many years due to a three decade war. The 76-room, 14-storey hotel will built with […]
Sri Lanka Textured Jersey December quarter net down 29-pct
Feb 03, 2012 (LBO) – Sri Lanka’s Textured Jersey Lanka, a unit of Brandix, an apparel export group, said net profit fell 29 percent in the December 2011 quarter from a year ago. Net profit in the nine months ending December 31, 2011 fell 11 percent to 409 million rupees from a year ago. Sales […]
Sri Lanka Keells Hotels net up 39-pct in December
Feb 03, 2012 (LBO) – Keells Hotels Plc, the leisure unit of Sri Lanka’s John Keells Holdings group said net profits in the December 2011 quarter rose 39 percent to 285 million rupees from a year earlier. The firm reported earnings of 20 cents per share. For the nine months to December the firm said […]
Sri Lanka tourist road signs boosted with USAID
Sri Lanka’s Road Development Authority has developed roadside signs to help guide tourists with support from the US Agency of International Development which are likely to come up first in the Eastern Province. “Tourism roadside signage plays a key role in making Sri Lanka a visitor-friendly destination,” USAID said. “Effective road signage may draw visitors […]