Category: Industry
Sri Lanka Hilton reveals Rs10.3bn accumulated losses
Aug 22, 2011 (LBO) – Sri Lanka’s Colombo Hilton hotel has filed its first accounts in about 20 years, revealing a loss of 1. 2 billion rupees in 2010 and accumulated losses of 10.3 billion rupees and auditors expressing a qualified opinion. Hotel Developers (Lanka) which owns Hilton Colombo Hotel said the loss in the […]
High Rating
Aug 22, 2011 (LBO ) – Sri Lanka’s Commercial Bank of Ceylon has been rated ‘AA+’ by Ram Rating Lanka with a stable outlook, which the rating agency said was systemically important as the country’s largest private lender. “The ratings also reflect its strong franchise, healthy financial performance, funding, liquidity and capitalisation levels, as well […]
Debt Rating
Aug 22, 2011 (LBO) – Fitch Ratings Lanka has assigned Hatton National Bank’s (HNB) proposed subordinated debentures of up to 2.0 billion rupees a national long-term rating of ‘A+(lka)’. The issue is rated one notch below HNB’s national long-term rating reflecting its debt-like features, a statement said. The proposed debentures, to be listed on the […]
” tour draws adventure tourists
Aug 21, 2011 (LBO) – Adventurous travelers from Australia to Austria have set off on a three-wheeler drive from Sri Lanka’s international airport to the far corners of he country, braving unknown challenges. Travelling on a ‘tuk tuk’ or a trishaw, as the popular three-wheeled taxis are known in Sri Lanka, is an adventure even […]
Australia win Sri Lanka one-day series
August 20, 2011 (AFP) – Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Marsh, playing his first match of the series, hit one six and 11 fours in his impressive […]
Sri Lanka state carrier may acquire six Boeing-777s
Aug 20, 2011 (LBO) – State-run Sri Lankan Airlines will boost its fleet to 28 aircraft over the next four years, which may also include up to six Boeing 777 long haul jets, officials said, as tourist arrivals soar after the end of a civil war. SriLankan Airline aircrew is now trained for Airbus aircraft. […]
Sri Lanka Asia Capital to invest in hotels
Aug 20, 2011 (LBO) – Sri Lanka’s listed Asia Capital, which has interests in financial services, leisure, will invest 700 million rupees in hotels and plans to take two operating units public in the next two years, an official said. Asia Capital got 3.3 billion rupees after selling out of Asian Alliance Insurance. “We sold […]
Sri Lanka to build larger wind farms
Aug 19, 2011 (LBO) – Sri Lanka’s renewable energy agency is setting up ‘wind energy parks’ to allow investors to build larger plants on a negotiated tariff moving beyond the current pre-set tariff for 10MegaWatt plants. The first such park will be set up in Mannar in northeastern Sri Lanka information minister Keheliya Rambukwella said. […]
‘s Centara
Aug 19, 2011 (LBO) – Thailand’s Centara leisure group will manage a hotel in Sri Lanka’s Southwestern coast which will have 160 rooms when it is expanded and refurbished next year, an official said. Softlogic has also signed up Swiss-based Movenpick Hotels and Resorts to manage a city hotel it is building in a plush […]
Sri Lanka ASP surfing meet to raise sport tourism profile
Aug 17, 2011 (LBO) – A combined men and women’s’ professional surfing event in Sri Lanka’s Arugam Bay sponsored by national carrier SriLankan Airlines will strengthen the island’s image as a sporting destination, officials said. “The motto of the Association of Surfing Professionals is to put the world’s best surfers with the world’s best waves. […]
Sri Lanka tourism body to have industry participation
Aug 18, 2011 (LBO) – Sri Lanka will set up a single tourism authority with industry participation as the apex body to set policy and regulate the sector, minister Keheliya Rambukwelle said. The minister may also appoint two others who are experts in marketing, law, finance or related profession. “The idea is have the government […]
Oil Attraction
Aug 17, 2011 (LBO) – State-run Russian oil firm Gazprom has visited Sri Lanka for talks on exploring oil off the coast of Mannar in the island’s east the foreign ministry said. A delegation lead by Gulev Veleriy, managing director of Gazprom International had met foreign minister G L Pieris. The visiting team had discussed […]