Category: Industry
Cargo Call
Oct 06, 2011 (LBO) – Mediterranean Shipping Company has decided to extend by two years a deal with the Sri Lanka Ports Authority under which it calls at a state-run container terminal in Colombo port. The container shipping line is also interested in investing in new ports being developed in the island, an SLPA statement […]
Sri Lanka scraps sports medical unit over doping
COLOMBO, October 4, 2011 (AFP) – Sri Lanka has sacked its entire sports medical unit over allegations that staff were linked to banned steroids used by cricketers and national athletes, officials said Tuesday. Sports Minister Mahindananda Althugamage ordered the complete overhaul of the unit following positive tests for cricketer Upul Tharanga, national rugby players and […]
Tech Fair
CHIBA, October 4, 2011 (AFP) – Smartphones detecting bad breath and radiation, twistable remote controls and a super-thin tablet computer featured among the cutting-edge gadgets at Asia’s biggest tech fair in Japan Tuesday. Around 600 firms unveiled their innovations at the Combined Exhibition of Advanced Technologies (Ceatec) exhibition in Chiba, near Tokyo, expected to draw […]
Sri Lanka LOLC buys full control of resort
Oct 04, 2011 (LBO) – Sri Lanka’s LOLC Leisure has bought full control of the Tropical Villas resort on the south coast paying 165 million rupees to Carbotels for the remaining 40 percent, a stock exchange filing said. The firm had bought 60 percent of Tropical Villas Ltd (TVL) in August 2010 and now holds […]
Sri Lanka to monitor foreigners electronically
Oct 04, 2011 (LBO) – Sri Lanka is developing a system to track and monitor foreign nationals as they enter and travel around the country, after a new online travel approval system is fully operational, an official said. The immigration department already had a ‘migration intelligence unit’ but another special unit would be created in […]
Sri Lanka leisure group to revive coral reef
Oct 03, 2011 (LBO) – Sri Lanka’s John Keells group has tied up with a local university in a project to revive a coral reef that is the main draw on a southern beach where it will reopen a refurbished hotel. Chitral Jayatilake, head of eco tourism and special projects at John Keells Holdings, said […]
Fresh Lease
Oct 03, 2011 (LBO) – People’s Leasing Company, Sri Lanka’s largest leasing firm which plans to raise 70 million US dollars in an initial public offer, is seeing strong growth in lease volumes on the back of a post-war economic revival. People’s Leasing Company group posted profits of 2. 6 billion rupees in the year […]
Recovery Drive
Oct 03, 2011 (LBO) – RAM Ratings Lanka has assigned long- and short-term financial institution ratings of B- and NP to Prime Grameen Micro Finance Ltd. with the long-term rating having a stable outlook. The Company’s capitalisation levels are deemed moderate. Its shareholders’ funds had recovered to LKR 242.14 million by end-July 2011 (end-FY Mar […]
Gas Find
Oct 02, 2011 (LBO) – Sri Lankan president Mahinda Rajapaksa has announced that a large natural gas deposit has been found in offshore waters, a presidential spokesman said. The spokesman quoted Rajapaksa as saying the firm had also begun drilling the second test well. The discovery announced Sunday is the first since intermittent exploration for […]
‘s Spence wins prize at World Travel Awards
Oct 02, 2011 (LBO) – Maldives’ Adaaran Prestige Resorts run by Sri Lanka’s Aitken Spence group was voted the India Ocean’s best water villa at World Travel Awards 2011, where the top Asian spots were swept by India. India also won Asia’s leading hotel (Trident Gurgaon, India), Asia’s leading luxury hotel (The Oberoi, Gurgaon), Asia’s […]
Sri Lanka military gets two Chinese passenger transports
Oct 01, 2011 (LBO) – Sri Lanka Air Force Friday took delivery of two 56 seat twin engine turboprop aircraft from China which could be used for regional civillian passenger applications, an official said. “We haven’t got that far but we are looking at the possibility,” Air Force spokesman Group Captain Andrew Wijesuriya said. The […]
Sri Lanka launches web portal for tourist travel approvals
Sept 30, 2011 (LBO) – Sri Lanka’s electronic tourist travel approval system will be effective from January 01, 2012 with a trial run starting from Saturday, October 01, officials said. An online portal – www.eta.gov.lk – from which to apply for entry permits from Sri Lanka’s department of immigration and emigration was officially launched Friday. […]