Category: Industry
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, […]
Every Minute
Mar 15, 2011 (LBO) – Sri Lanka has registered a new motor bike the equivalent every two and a half minutes and a three-wheeler taxi every six minutes in 2010, the latest official data shows. In 2010 registrations of motor cycles rose 51 percent to 204,811 surpassing an earlier high of 182,508 reached in 2007, […]
Niche Market
Mar 14, 2011 (LBO) – Sri Lanka is becoming an attractive location for ‘Finance and Accounting Outsourcing’ (FAO) with the world’s second largest pool of management accountants and wages lower than India, a report said. “The availability of a large pool of skilled finance and accounting professionals makes FAO one of the most logical niche […]
Sri Lanka tourist arrivals up 14.8-pct in Feb
Mar 14, 2011 (LBO) – Sri Lanka’s tourist arrivals rose 14. 8 percent to 65,797 in February 2011 from a year earlier, though visitors from key generating markets in the United Kingdom and Germany dropped. February arrivals were also lower than the January peak of 74,197 as the Western European winter season drew to a […]
Port Parley
Mar 14, 2011 (LBO) – A German delegation headed by a Sri Lankan-born official from the port of Hamburg held talks with Sri Lanka Ports Authority (SLPA) on assistance and collaboration between the two harbours, a statement said. The construction of the breakwater of the Colombo Port Expansion Project is on schedule and is expected […]
Moving Freedom
Mar 14, 2011 (LBO) – Imports of all types of vehicles to Sri Lanka rose 75.9 percent to 359,243 in 2010 amid strong economic growth which increased demand and also a cut in state taxes for cars, government data showed. Imports of motor cars rose four fold to 23,072 in 2010 from 5,762 a year […]
Fair Share
Mar 13, 2011 (LBO) – Sri Lanka’s Central Bank is expected to order commercial banks to limit use of bank guarantees to apply for shares in initial public offers to ensure small investors a fairer share, a report said. A minimum of 10 percent of an issue will be made available for allotment to Unit […]
Sri Lanka seal World Cup quarters berth
NEW DELHI, March 10, 2011 (AFP) – Sri Lanka became the first team to qualify for the World Cup quarter-finals on Thursday after an emphatic victory over Zimbabwe that virtually ensures last eight spots for New Zealand and Pakistan. The joint hosts now have seven points from five games in Group A, one clear of […]
Sri Lanka in talks for a 30MW municipal waste plant
Mar 11, 2011 (LBO) – Sri Lanka’s state -run Ceylon Electricity Board is in talks with a private developer to buy power from a 30MegaWatt municipal waste burning plant, a government minister said. Minister Ranawaka said there are about proposals to start 15 waste-burning plants. Sri Lanka’s power regulator’s latest tariffs offer 22. 02 rupees […]
Affordable Access
Mar 11, 2011 (LBO) – Sri Lanka will seek to negotiate with international software vendors to try to bring down prices by up to half in its drive to promote information and communication technology business, a report said. Sri Lanka has recently been cracking down on software piracy after being ranked the second worst offender […]
‘s power utility in profits, cashflow positive: minister
Mar 10, 2011 (LBO) – Sri Lanka’s Ceylon Electricity Board, the island’s state-run power utility ended 2010 in profits and is also cash positive being able to settle is payments on time, power minister Patali Ranawaka said. The CEB had sold 121.86 billion rupees of power including 2.6 billion rupees worth energy for street lighting […]
Sri Lanka buys new short wave transmitters for air traffic
Mar 10, 2011 (LBO) – Sri Lanka will buy new equipment to replace 24 year old shortwave transmitters for the regional air traffic control centre at Ratmalana Airport, a government minister said. The Colombo flight information region (FIR) controlled from Ratmalana covers a large part of the Indian Ocean. Minister Anura Yapa said the cabinet […]