Category: Industry
Research Chief
July 15, 2011 (LBO) – Lanka Market Research Bureau (Pvt) Ltd (LMRB) said it has appointed Himalee Madurasinghe, former second-in-command and a 14-year veteran at the firm as its chief executive. LMRB started 1981 as the first independent market research consultancy in Sri Lanka. It is affiliated to market research firms, IMRB International and Kantar […]
Strength Test
July 15, 2011 (LBO) – Colombo Dockyard has commissioned a ‘bollard pull’ test facility in Sri Lanka’s eastern port of Trincomalee for use by its own vessels and others such as in planned oil exploration work. “The test facility is built mainly to check and confirm the pulling capacity of ships including tugs and Anchor […]
Indian Track
July 15, 2011 (LBO) – India’s state-run Indian Railway Construction International Ltd (lRCON) has been given a 149. 3 million US dollar contract to build a remaining part of a railway track to Sri Lanka’s north, the government’s information office said. The entire track from Vavuniya to Jaffna was destroyed during a civil war which […]
Marine Risk
July 15, 2011 (LBO) – With pirate attacks on the increase, Sri Lankan shippers have been advised to insure cargo against the risk of piracy off Somalia to minimize losses and delays if a vessel with their shipments is hijacked. Ships hijacked by Somali pirates take a long time to get released, said P Mukundan, […]
Sri Lanka to decide road toll next week
July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]
Sri Lanka bowling star Malinga too hot for Scots
LONDON, July 13, 2011 (AFP) – Sri Lanka fast bowler Lasith Malinga ensured the islanders tour of Britain ended on a winning note as he took five wickets in a 183-run one-day international rout of Scotland here on Wednesday. Beaten in both Test and one-day series by England, the World Cup finalists proved too strong […]
Toll Road
July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]
Mobile Momentum
July 13, 2011 (LBO) – Sri Lanka Telecom is to invest five billion rupees in its mobile phone subsidiary for modernisation and expansion, a stock exchange filing said. “This investment will be on a staggered basis and is expected to be made within a period of six months,” SLT said. The investment will be for […]
Language Space
July 13, 2011 (LBO) – A view that Sri Lanka’s information technology and business process outsourcing industry needs only workers who are fluent in English is a “fallacy” the head of a firm catering to the European market said. Mano Sekeram, chief executive of Eurocentre, a software engineering firm said, in most countries with which […]
Sri Lanka tourist arrivals up 20-pct in June: data
July 13, 2011 (LBO) – Tourist arrivals to Sri Lanka rose 19.9 percent in June to 53,636 with the Middle East and Asia driving growth and Western Europe flattening, data from the tourism promotion office showed. Visitors from South Asia rose 22.1 percent to 18,431 with India rising 12,927 and Maldives rising 12. 8 percent […]
Customs Inspection
July 13, 2011 (LBO) – Sri Lanka’s Customs department plans to speed up cargo clearance by automating documentation and introducing systems to screen only high and medium-risk shipments, an official said. Under the new system, when customs is ready to release cargo the department will notify the port authorities electronically so they can release the […]
Oil Case
July 12, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has been asked to pay 162 million dollars to Standard Chartered Bank over oil derivatives it stopped payment on in 2008, according to a judgment by a London court. Extracts from the judgment: SCB Case ¢ SCB’s case is straightforward: it is entitled to […]