Category: Industry
Port Billing
Oct 16, 2011 (LBO) – The Sri Lanka Ports Authority aims to have a long-delayed online billing system ready by January 2012 with the customs already ready with an electronic payment portal having done test runs. He requested the trade to use parts of the system which were now operational such as filing ‘CusDec’ or […]
Sri Lanka and Vietnam to open trade; aim for billion dollar target
Oct 15, 2011 (LBO) – Sri Lanka and Vietnam will begin talks on trade liberalization aiming to expand two way trade over 10 fold to a billion US dollars over the next few years, a joint communiqué following visit by President Truong Tan Sang said. Vietnam also sells textiles for Sri Lanka’s apparel trade. No […]
Sri Lanka electricity no longer highest in region: analyst
Oct 15, 2011 (LBO) – Sri Lanka’s power tariffs are no longer the highest in the region for manufacturing, though it was most expensive for larger households, even topping Singapore, an analyst has said. Exorbitant prices were also paid by some service sector customers. “We are the highest in the region for household using lots […]
Sri Lanka to host regional trade forum
Oct 12, 2011 (LBO) – Sri Lanka will host the Asia Pacific Trade Facilitation Forum (APTFF), a platform to promote regional trade and share information, Ceylon Chamber of Commerce said. “South Asia is a region that has many benefits to reap through improved trade facilitation,” the Chamber said in a statement. “This region still remains […]
Heavenly Directions
Oct 13, 2011 (LBO) – Sri Lanka’s largest mobile phone operator Dialog Axiata is offering a satellite navigation application tool for mobile phones that can be downloaded from the web. The application will help Dialog Subscribers find direction, plot routes and find places of interest, a statement said. The Dialog SatNav system has voice support […]
Fresh Lease
Oct 13, 2011 (LBO) – Accelerating post-war growth and surging vehicle imports owing to tax cuts and better incomes will drive Sri Lanka’s leasing and hire purchase market, promoters of People’s Leasing Company’s share issue said. People’s Leasing, Sri Lanka’s largest leasing firm, plans to raise 70 million US dollars in an initial public offer […]
Land Payment
Oct 13, 2011 (LBO) – The Sri Lankan state is getting ready to acquire land and pay compensation in the second phase of the project to build a large deep-water port in Hambantota on the south coast. The extent of the submerged rock was missed during initial surveys and the cost of blasting it has […]
Sri Lanka wind farm buys more Indian turbines
Oct 12, 2011 (LBO) – Suzlon Energy Limited of India said Sri Lanka’s Senok group has ordered 10 wind turbines of 2.1 MegaWatts each, to expand is wind farms. Suzlon had earlier sold turbines of 10MW to Senok which has built a wind farm in Puttalam in North Western Sri Lanka. “This new order underlines […]
Sri Lanka leisure group in training venture
Oct 12, 2011 (LBO) – Sri Lanka’s John Keells Holdings has tied up with local and foreign training outfits to train staff for its hotels after the end of a war led to a boom in arrivals. The group has tied up with the Emirates Academy of Hospitality Management based in Dubai and is also […]
Managing Risk
Oct 11, 2011 (LBO) – Sri Lanka’s Central Bank has issued directions to banks on an integrated risk management framework that will be effective in six months’ time. The guidelines are in addition to the risk management principles and rules required in regulatory and supervisory procedures and other market best practices of banks’ risk management, […]
Mumbai win Champions League cricket
CHENNAI, October 9, 2011 (AFP) – Skipper Harbhajan Singh bagged three wickets to help Mumbai Indians lift the Twenty20 Champions League title with a 31-run victory over Royal Challengers Bangalore in the final on Sunday. The off-spinner removed hard-hitting Chris Gayle (five), Virat Kohli (11) and Daniel Vettori (one) as Mumbai dismissed Bangalore for 108 […]
SriLankan Airlines on Facebook and Twitter
Oct 10, 2011 (LBO) – SriLankan Airlines has launched accounts on the Facebook and Twitter social media sites as it adopts new strategies to each customers, the national carrier said in a statement. The airline’s presence in the popular sites will enable customers not only to obtain product and service information of the airline but […]