Category: Industry
England stay on track, Akhtar calls it quits
NEW DELHI, March 17, 2011 (AFP) – England stayed alive at the World Cup on Thursday with a dramatic 18-run over the West Indies while international cricket prepared to say farewell to controversial Pakistan star Shoaib Akhtar. Off-spinners James Tredwell and Graeme Swann took seven wickets between them as England triumphed in Chennai. West Indies, […]
Sri Lanka prepares model in bid for Commonwealth Games
Mar 18, 2011 (LBO) – Sri Lanka has prepared a model with 20 key venues and facilities in its bid to host the 2018 Commonwealth Games in the southern town of Hambantota, the central bank said in a statement. “The key purpose of the CEO’s visit to Sri Lanka will be to understand the steps […]
Education Showcase
Mar 18, 2011 (LBO) – An education fair in Sri Lanka’s capital Colombo will be attended by 11 US higher education institutes also giving prospective students to learn about admissions, financial aid and visa procedures, the US embassy said. The fair which is open to the public, will be held on March 22 and the […]
Atomic Scale
Mar 17, 2011 (LBO) – Japan has sent a nano-technology expert and will provide related equipment to Sri Lanka to help the island develop applications that make exports more competitive. “JICA hopes nanotechnology will not only provide an opportunity to shape up technological advancement in the country but it will also lead to significant breakthroughs […]
Durable Sales
Mar 17, 2011 (LBO) – Singer Sri Lanka, a top consumer durables retailer in the island said sales rocketed following a tax cut and a general economic upturn in 2010, though inflationary fears were now creeping in. Singer Sri Lanka, which sells its own brand and several others from Japan, Korea and China said its […]
Cyber Threat
Mar 17, 2011 (LBO) – Sri Lankan bank customers have been warned by the Information and Communications Technology Agency to be wary of financial fraud by hackers using fake websites of the branches of foreign banks in the island. Its services range from responding to and investigating information security breaches, to preventing security breaches by […]
Sri Lankan Airlines to operate special Japan flight on Mar17
Mar 16, 2011 (LBO) – State-run Sri Lankan Airlines said it will operate a special flight from Tokyo’s Narita airport on March 17 for Sri Lankans who want to come back to the island. Some airlines have also cut flights to Tokyo. The airline said flight UL1423 will depart Tokyo at 1630 hours on March […]
Media Studies
Mar 16, 2011 (LBO) – The United States Agency for International Development has given 20 scholarships to students at the Sri Lanka College of Journalism in Colombo, the US embassy said. The scholarships are for the 2011 diploma program. The scholarships provide tuition and a monthly stipend. During the 12-month program, scholarship recipients choose from […]
Fast Cash
Mar 16, 2011 (LBO) – Customers of Sri Lankan banks will be able to get cash over-the-counter quicker from April 01, following technical upgrades to speed up processes, the island’s central cheque clearing house said. LankaClear, Sri Lanka’s central clearing house, already provides next day credit for cheques with the use of electronic clearing (cheque […]
Mobile Market
Mar 15, 2011 (LBO) – Profit margins of Sri Lankan mobile phone operators are likely to come under pressure as the market matures and competition intensifies, a Fitch Ratings report said. The industry is now benefitting from the pentup demand from the north and east since the end of the island’s ethnic war in May […]
Sri Lanka Spence buys Browns hotel shares
Mar 15, 2011 (LBO) – Sri Lanka’s Aitken Spence Hotel Holdings has increased its stake in Browns Beach Hotels, one of the island’s oldest beach resorts which is to be demolished to make way for a new hotel, a statement said. Aitken Spence Hotel Holdings bought 10,000 shares at 21 rupees each, a stock exchange […]
Express Bus
Mar 15, 2011 (LBO) – Sri Lanka’s road development and transport authorities are planning bus services for the public on the island’s first expressway part of which is set to open in July, an official said. A fuel station will be set up at Dodangoda in Kalutara on the expressway. Vehicles like three-wheeled auto-rickshaws, motorcycles, […]