Category: Industry
Sri Lanka to sell pre-paid power: minister
Jan 13, 2011 (LBO) – Sri Lanka’s state run power utility, Ceylon Electricity Board is planning to sell electricity under a pre-paid tariff system, power minister Champika Ranawaka said. This will be a pre-paid system just like with the mobile phones,” minister Ranawaka told reporters. We will have to study it and introduce it within […]
Sri Lanka to get US$500mn hotel from China aviation firm
Jan 14, 2010 (LBO) – A Chinese aviation firm will build a 500 million US dollar hotel and shopping complex in the main beachfront of Sri Lanka’s capital Colombo, the government said. Shangri-La will get state land on which a military sports ground was located. China National Aero Technology Import and Export Corporation (CATIC) will […]
Sri Lanka Taj owners may build another hotel: minister
Jan 14, 2010 (LBO) – Investors connected to Taj Samudra hotel in Sri Lanka’s capital Colombo may build another hotel in the same premises, economic development minister Basil Rajapaksa said. The Taj group said late last year that the existing 5-star Taj Samudra may go through a 60 million US dollar upgrade. The group manages […]
Sri Lanka Senok group to start chopper service
Jan 13, 2010 (LBO) – Sri Lanka’s Senok group of companies has been given the nod to start a domestic helicopter service, a top official said as the country recovers from the end of a long drawn out war and tourism is taking off. Director general of Sri Lanka’s civil aviation authority H M C […]
Transport Secretary
Jan 13, 2010 (LBO) – Head of Sri Lanka’s Vallibel, Dhammika Perera has been appointed to the post of secretary of the transport ministry. Vallibel has interests in ceramics, power, banking, tourism and gaming. Perera said he got the letter of appointment on Wednesday and he will unveil plans to develop the country’s transport sector, […]
Sri Lanka tourist arrivals up 46.1-pct in 2010
Jan 12, 2011 (LBO) – Sri Lanka’s tourist arrivals in December 2010 rose 48. 8 percent to 84,627 from a year earlier, driven by sharp increases from traditional European markets seen due to the winter season, official data showed. Tourists from Denmark, Finland and Sweden saw increases of over one hundred percent during the month. […]
Unsung Aussie lands $900,000 IPL auction bid
BANGALORE, January 9, 2011 (AFP) – Little-known Australian Daniel Christian was the surprise highest earner at the final day of cricket’s Indian Premier League auction on Sunday, bought for $900,000 by the Deccan Chargers. The all-rounder, who had a reserve price of $50,000, has played just three Twenty20 internationals but performed well recently in domestic […]
BPO Thrust
Jan 10, 2010 (LBO) – Sri Lanka Hayleys group said its outsourcing division had hired a top executive from WNS, a New York listed business processing outsourcing group to head the unit which offers accounting and finance services business. Arul Sivagananathan will take over as managing director of the Hayleys BPO unit from this month, […]
Asset Value
Jan 10, 2011 (LBO) – The Finance Company, is looking to raise 1.6 billion rupees of fresh capital is expecting to return to profits by March 2012 helped by lower interest rates and an improving land market, a senior official said. “Interest rates in Sri Lanka dropped and almost came to a single digit and […]
Sri Lanka goes for variety and experience for World Cup
January 8, 2011 (AFP) – Sri Lanka’s cricket selectors opted for a blend of variety and experience when naming the final 15-man squad for the 2011 World Cup that runs from February to April, officials said Saturday. “We looked at the opposition teams and the games we will be playing and we went for variety […]
Transport Links
Jan 08, 2011 (LBO) – Sri Lanka and India have signed an agreement to start ferry services between the two neighbours with a meeting of officials to be held in Colombo next week, an Indian High Commission statement said. An Indian company, IRCON, has already commenced survey work for this purpose to restore the damaged […]
Sri Lanka drops Jayasuriya, Vaas from WCup squad
January 7, 2011 (AFP) – Sri Lanka on Friday dropped veteran batsman Sanath Jayasuriya and bowler Chaminda Vaas from its 15-man squad for the World Cup that runs from February to April. Jayasuriya, a parliamentarian, and Vaas were part of the team that won the country’s sole World Cup in 1996, and had been included […]