Category: Industry
Sri Lanka elephant paintings on sale at national carrier
Feb 23, 2011 (LBO) – Sri Lanka’s state-run national carrier SriLankan airlines said it will sell paintings by an elephant through the in flight duty free sales collection. The paintings are drawn by Sindu an elephant at the Temple of the Tooth Relic in the central Sri Lankan city of Kandy. The elephants paints with […]
Tele Profits
Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]
Mobile Profits
Feb 23, 2011 (LBO) – Sri Lanka’s Mobitel, a unit of Sri Lanka Telecom said it had made profit after tax of 1. 51 billion rupees (13.7 million US dollars) in the year to December 2010 turning around from a loss of 395 million a year earlier. Sri Lanka’s telecom regulator put in floors to […]
Merchant Profits
Feb 23, 2011 (LBO) – Merchant Bank of Sri Lanka (MBSL), a unit of state-run Bank of Ceylon said group profits for December 2010 rose 243 percent on wider interest margins and higher non-operating incomes. MBSL, which also has a finance company, an insurer and a savings bank under its wing said group revenues rose […]
Motor Sale
Feb 22, 2011 (LBO) – United Motors, local agents in Sri Lanka for brand new Mitsubishi vehicles, has sold its subsidiary Orient Financial Services Corporation for 230 million rupees, a stock exchange filing said. The buyer of the unit, which does vehicle leasing and contract hire business, was People’s Venture Investment Company, part of the […]
Sri Lanka airline caterer says 9-month profits up 40-pct
Feb 22, 2011 (LBO) – Sri Lankan Catering, a unit of state-run SriLankan Airlines, a firm slated for a public listing said profits for the 9-months to December 2010 rose 40 percent to 640 million rupees. SriLankan Catering also runs an industrial laundry facility in Katunayake and a 24-roomed transit hotel at the airport. Last […]
Health Cost
Feb 22, 2011 (LBO) – Sri Lanka faces rising health care costs as the population ages with an increase in non-communicable diseases (NCD) like diabetes, heart disease, cancers and asthma, a recent World Bank study said. “More effective legislation on the use of trans fats and tobacco and educating the public to reduce salt and […]
Kenya, Canada steamrollered at World Cup
NEW DELHI, February 20, 2011 (AFP) – New Zealand crushed Kenya Sunday in an embarrassingly one-sided World Cup mismatch and joint hosts Sri Lanka destroyed Canada on a sobering day for the minnows of the game. Kenya were beaten by 10 wickets after being dismissed for just 69 — their lowest ever World Cup total […]
Bring on Pakistan, say confident Sri Lanka
HAMBANTOTA, February 21, 2011 (AFP) – Former Sri Lanka captain Mahela Jayawardene said his team was looking forward to their first real test in the World Cup against Pakistan after crushing Canada in their opening match. Jaywardene gave the 1996 champions a flying start with an 80-ball century to help his team to a solid […]
Sri Lanka power utility in black in 2010: minister
Feb 21, 2011 (LBO) – Sri Lanka’s state-run power utility, the Ceylon Electricity Board, came out of the red in 2010 but is expected to make a 16 billion rupee loss in 2011 on a planned path to break even in 2014, power minister Patali Ranawaka said. The Ceylon Electricity Board made a profit of […]
‘ Forum
Feb 21, 2011 (LBO) – Sri Lanka Institute of Marketing (SLIM), an industry body, is hosting a forum on consumer trends to promote more research based marketing and best practices. “As the national body of marketing we want to encourage best practices in terms of research, advertising, branding and sales,” SLIM president Rohan Somawansa, President, […]
‘s program in tourism
Feb 21, 2011 (LBO) – Sri Lanka’s Colombo University has started a Master’s program in tourism to cater to the need for highly qualified professionals in the industry which is growing fast after the end of a 30-year war. “Now that the tourism industry is picking up fast there is a need for advanced qualifications […]