Category: Industry
Sri Lanka to start tourist call centre
July 22, 2011 (LBO) – Sri Lanka plans to start an international call centre which will provide assistance and information to tourists, chairman of the country’s tourism development authority Nalaka Godahewa said. “We will call for proposals from local firms in two to three weeks,” Godahewa said. “We hope to receive innovative solutions. “A call […]
Bunker Business
July 22, 2011 (LBO) – The Sri Lanka unit of Indian Oil Corporation has said strong sales of bunker fuel to ships in the last three months of the last financial year helped offset losses in the previous three quarters. Lanka Indian Oil Corp chairman G C Daga said that during the financial year ended […]
Sri Lanka names squad but not skipper
July 20, 2011 (AFP) – Sri Lanka on Wednesday announced its one-day and T20 squad for Australia’s tour of the island next month, but stopped short of naming a skipper. Tillakaratne Dilshan, who was named captain for the just concluded tour of England, was included in the 20-man squad scheduled to play five ODIs and […]
Sri Lanka eyed by Four Seasons: minister
July 21, 2011 (LBO) – Canada-based Four Seasons leisure group is in discussions to set up a resort in Sri Lanka following the end of a 30-year, deputy economic development minister Lakshman Yapa Abeywardene said. It is also building a resort in Hambantota in the South of the island. Abeywardene said the group was interested […]
Official Rules
July 21, 2011 (LBO ) – Sri Lanka will introduce ‘fit and proper’ tests for senior executives of non-bank lenders, following on from similar rules for commercial banks, deputy central bank governor Dharma Dheerasinghe said. Fit and proper rules are also expected to be imposed on leasing companies in the future. The measures are aimed […]
Finance Fortunes
July 21, 2011 (LBO) – Sri Lanka’s LB Finance’s net profits for the June 2011 quarter grew 94 percent to 351 million rupees from a year ago with a rise in lending, other income more than doubling and lower provisioning. Earnings per share rose to 5.07 rupees from 2.62 rupees, according to interim accounts filed […]
Port Support
July 21, 2011 (LBO) – India is to provide Sri Lanka with grants and soft loans to rebuild Kankesanturai port in the northern Jaffna peninsula that was damaged during the ethnic war, under a deal signed Thursday. India has already committed 20 million US dollars for the work which involves a hydrographic survey, wreck removal […]
Sri Lanka Brandix gets latest energy management standard
July 20, 2011 (LBO) – Sri Lankan apparel exporter Brandix has got latest global energy management certification less than a month after its release which it said would give the firm a competitive edge as an eco-friendly manufacturer. The Brandix Group claimed it has become the first apparel manufacturer in the world to receive ISO […]
SriLankan Airlines to link eastern resorts by floatplane
July 20, 2011 (LBO) – SriLankan Airlines plans to extend its floatplane services to the island’s east coast where new resorts are being developed as a tourism boom continues after the end of a war. The national airline’s subsidiary, SriLankan Air Taxi, will also spread its wings to destinations in the north, which like the […]
Higher Grade
July 20, 2011 (LBO) – Fitch Ratings has upgraded Sri Lanka Telecom’s (SLT) long-term foreign currency rating to ‘BB-‘ from ‘B+ with a stable outlook. At the same time, Fitch confirmed its long-term local currency rating at ‘BB-‘ and national long-term rating at ‘AAA(lka)’. The action follows Fitch’s upgrade of Sri Lanka’s sovereign long-term foreign […]
Rail Move
July 20, 2011 (LBO) – Sri Lanka has revived cargo transport into Colombo port by rail after a lapse of four decades with a shipment of export containers by SG Logistics, part of the newly listed Expolanka Holdings group. Niroza Gazzali, chief executive of SG Logistics, said they were working closely with Sri Lanka Railway […]
Digital Network
July 19, 2011 (LBO) – Sri Lanka Telecom, a firm in which Malaysia’s UT group is a key shareholder, will invest 6. 0 billion rupees over the next two years to migrate fully into a digital network, chief executive Greg Young said. Earlier in the week, SLT’s mobile unit Mobitel said it was investing 5. […]