Category: Industry
Sri Lanka World Cup warm-ups shifted
February 10, 2011 (AFP) – Heavy monsoon rains have forced the International Cricket Council to move World Cup warm-up matches from Sri Lanka’s Pallekele stadium, tournament organisers said Thursday. Sri Lanka has been hit by monsoon downpours since December hampering preparation of the pitches at the newly-built Pallekele venue in the island’s central district. Pallekele […]
AirAsia says no fuel surcharge before oil hits $100
KUALA LUMPUR, February 9, 2011 (AFP) – Southeast Asia’s largest budget carrier AirAsia said Wednesday it has no immediate plans to impose fuel surcharges despite sharply higher oil prices. AirAsia chief executive officer Tony Fernandes told AFP that the carrier will only consider imposing a ticket surcharge if the New York crude futures contract hits […]
Top Up
Feb 09, 2011 (LBO) – Sri Lanka’s unit of UAE-based Etisalat said it has tied up with a payphone operator allowing prepaid customers to top up their balances or ‘re-load’ through call boxes. Etisalat is trying up with Tritel, which has a network of 1,600 call boxes around Sri Lanka. “We launched this with Tritel […]
Joint Stock
LONDON, February 9, 2011 (AFP) – The London and Toronto stock exchanges announced a landmark merger on Wednesday to create a one of the world’s biggest trading platforms that will dominate raw materials and energy. “London Stock Exchange Group plc and TMX Group Inc. today announced an agreement to combine Europe’s and Canada’s leading diversified […]
Appointment
Feb 09, 2011 (LBO) – Sri Lanka’s Seylan Bank has appointed Tilan Wijeyesekera an industry veteran with experience in financial services and consumer goods, to head its marketing and business development. Wijeyesekera has been at Lanka Milk Foods as general manager – marketing, head of marketing at Janashakthi Insurance, marketing business development manager at Elephant […]
Road Bill
Feb 09, 2011 (LBO) – Sri Lanka will need 55.6 billion rupees (500 million US dollars) to make emergency repairs and fully re-build roads damaged in record floods last month, an official said. The damaged roads were mostly in the Uva, Eastern, North Central and North Western provinces of the island. Pemasiri said road rebuilt […]
Box Moves
Feb 09, 2011 (LBO) – Container volumes at Sri Lanka Ports Authority (SLPA) terminals in Colombo port hit a new monthly record of 205,539, up 24 percent from a year ago, a statement said. Colombo port handled four million containers in 2010. The volumes exceeded the previous monthly high of 201,212 TEUs (Twenty-foot Equivalent Units) […]
‘s Murali to help Aussie spinners – report
SYDNEY, February 8, 2011 (AFP) – Legendary Sri Lankan bowler Muttiah Muralitharan is to take a guest coaching role at Australia’s top cricket academy in a bid to revamp the nation’s spin hopes, reports said Tuesday. Muralitharan, the world’s leading wicket-taker in both Tests and one-dayers, would spend several weeks at Cricket Australia’s Centre of […]
Five Saudis charged after drunken forced landing in Sri Lanka
February 7, 2011 (AFP) – Five Saudi Arabian nationals appeared in court in Colombo on Monday after their allegedly drunken misbehaviour on board a flight from Dubai to Indonesia forced the plane to land in Sri Lanka. The men became unruly during the journey, shouting abuse at passengers and refusing to obey orders from cabin […]
Sri Lankan Airlines signs wage deal with aircraft technicians
Feb 08, 2011 (LBO) – SriLankan Airlines has signed a new three-year wage agreement with the union representing aircraft technicians, as it expands its fleets and seeks more aircraft maintenance business, a statement said. Talks are also going on with the Flight Attendants Union and the Association of Licensed Aircraft Engineers (ALAE), the other employee […]
Sri Lanka Lighthouse profits up, in deal with boutique hotel
Feb 08, 2011 (LBO) – Sri Lanka’s Lighthouse Hotel has seen December 2010 quarter profit rise sharply from a year ago amid a tourism boom and has struck a deal with a small boutique hotel on the south coast, its accounts showed. The hotel, in which Sri Lanka’s Jetwing leisure group has increased its controlling […]
Sri Lanka tourism product needs facelift to justify price hikes
Feb 08, 2011 (LBO) – Sri Lanka needs to improve the quality of its tourism product and infrastructure to further increase room rates after a post-war rise in rates made the island look expensive, an equities research report said. The country also needs to improve entertainment and shopping in order to break the seasonality of […]