Category: Industry
Bank Expansion
Oct, 21, 2011 (LBO) – India’s Axis Bank has opened a branch in Sri Lanka’s capital Colombo eying the island’s growing trade and domestic financing business, the lender said. The Colombo branch was opened by Sri Lanka’s central bank governor Nivard Cabraal, the banks said. Axis Bank had 1,456 branches across India in 953 cities […]
Rock solid Umar makes comeback against Sri Lanka
ABU DHABI, October 19, 2011 (AFP) – Pakistani opener Taufiq Umar on Wednesday notched up a brilliant hundred in the first Test against Sri Lanka, further cementing his place after being in the wilderness for four years. Regarded as Pakistan’s best opener when he hit a hundred in his first Test, against Bangladesh in 2001, […]
Pakistan continue to dominate Sri Lanka
ABU DHABI, October 20, 2011 (AFP) – Pakistan continued to bat Sri Lanka out of the first Test despite losing Azhar Ali in the morning session as they extended their first-innings score to 336-2 in the first Test here on Thursday. Pakistan, resuming their first innings at 259-1 in reply to Sri Lanka’s modest 197, […]
Sri Lanka trade preferences to be extended by the US
Oct 19, 2011 (LBO) – Trade preferences given to Sri Lanka will be extended until the end of 2013 helping more than 200 million dollars of exports to enter the United States with no import duties, the island’s commerce department said. The statement said a bill to resume the preferences is expected to be signed […]
Sri Lanka businesses delegation to visit Vietnam
Oct 19, 2011 (LBO) – A 20 member Sri Lanka business delegation will visit Vietnam in November to promote trade between the two nations focusing on the agriculture, textile and apparel sectors, a trade chamber said. “Discussions have been held between the Vietnam embassy and two airlines, and there has been a positive response, an […]
‘s highest tariffs for renewable energy: analysis
Oct 19, 2011 (LBO) – Average prices paid in Sri Lanka to renewable energy firms in wind, mini-hydro and biomass are among the highest in the world, an analysis by an industry expert has shown. Wind power plants in Sri Lanka are paid an average of 19. 97 rupees a kiloWatt hour compared to the […]
Sri Lanka Qatar Airways Cargo agency with Aitken Spence
Oct 19, 2011 (LBO) – Aitken Spence said its freight forwarding unit had bagged the general sales agency for Qatar Airways Cargo in Sri Lanka. In addition to general cargo the airline also has expertise in carrying, livestock, dangerous cargo, vulnerable good and oversized cargo. Aitken Spence Cargo said Qatar Airways takes freight to over […]
Phone Battle
HONG KONG, October 19, 2011 (AFP) – South Korea’s Samsung Electronics Wednesday unveiled its new smartphone that runs on Google’s latest Android operating system, the latest weapon in its battle to topple Apple’s iPhone. The launch of the “Galaxy Nexus”, which comes days a after the new iPhone 4S went on sale, was initially scheduled […]
Afridi announces Pakistan comeback
KARACHI, October 18, 2011 (AFP) – All-rounder Shahid Afridi on Tuesday reversed his decision to retire from international cricket, saying he wanted to play for Pakistan since the chairman of the cricket board has been replaced. Pakistani President Asif Ali Zardari last week appointed banker Zaka Ashraf chairman of the Pakistan Cricket Board (PCB) to […]
Sri Lanka India CEPA; professional services not included: economist
Oct 18, 2011 (LBO) – A stalled comprehensive economic partnership agreement (CEPA) between India and Sri Lanka does not include freeing of professional services, as had been claimed by its critics as a scare tactic, an economist said. “In CEPA professional liberalization is not there, I think this is a misconception,” Saman Kelegama from the […]
Sri Lanka launches hot air ballooning
Oct 18, 2011 (LBO) – Sri Lanka Saturday launched hot air ballooning over Colombo with daily flights scheduled from November as part of plans to boost leisure activities in the city and attract both local and foreign tourists. Adventure Asia, says it has been operating commercial balloon flights in the central areas of Dambulla, Sigiriya […]
Boat Order
Oct 18, 2011 (LBO) – Sri Lanka based Solas Marine has wrapped up a three billion Indian rupee deal to supply 80 fast interceptor craft (FIC) to the Indian Navy, a media report said. India’s IANS news agency said the contract was signed in the last week of September for delivery over three years to […]