Category: Industry
Taking Action
Dec 06, 2010 (LBO) – Sri Lankan police found pirated software worth 7.5 million rupees in raids on an ‘international group of companies’ as part of a crackdown on software piracy, a statement said. Shalini Ratwatte, consultant, Business Software Alliance, said intellectual property protection “is vital for building investor confidence and supporting the growth of […]
Phone Rivalry
Dec 06, 2010 (LBO) – Sri Lanka Telecom has reduced call charges and phone rentals and offered reductions for customers who chose packages with broadband and IPTV bundled together with voice services, a statement said. Those with broadband and IPTV services bundled into their packages are offered lower rates, the SLT statement said. SLT, the […]
Portable Cabin
Dec 06, 2010 (LBO) – Logiventures, a unit of Sri Lanka’s Hayleys group, expects an anticipated post-war construction boom to increase demand for its portable cabins made of converted cargo containers, a statement said. Since our Convertainers most often accommodate people in site offices, workshops, sanitary units and similar applications, quality management systems pertaining to […]
‘s Herath shines on rain-hit day
PALLEKELE, December 4, 2010 (AFP) – Sri Lanka’s Rangana Herath bagged three wickets in five overs before the West Indies reached 303-8 in their first innings on the penultimate day of the third and final Test on Saturday. Sulieman Benn was unbeaten on 29 with the help of two sixes and Kemar Roach on 12 […]
‘s top hydro reservoir starts to spill
Dec 04, 2010 (LBO) – Sri Lanka’s Victoria reservoir in the Mahaweli river started to spill Saturday for the first time since 2006 amid heavy rains lashing the island, raising the possibility that downstream reservoirs may also spill. Water then flows to Randenigala lower in the cascade. The reservoir is about three meters below. It […]
Credit Upturn
Dec 04, 2010 (LBO) – Sri Lanka’s loans to private citizens from commercial banks grew 15. 5 percent to 1,361.5 billion rupees in September from a year earlier while credit to government grew at a slower 6. 8 percent. After contracting in 2009, credit to private business had grown 165 billion rupees. In the month […]
Sri Lanka renewable tariffs: waste, dendro, wind most expensive
Dec 03, 2010 (LBO) – Sri Lanka’s new tariffs for renewable energy show that dendro (wood) would be more expensive than wind and municipal waste heat would be paid the highest tariff, displacing wind as the most expensive source. New tariffs released by the Public Utilities Commission in November 2010 say that municipal waste fired […]
Sri Lanka power regulator proposes green tariffs; cross subsidies
Dec 03, 2010 (LBO) – Sri Lanka’s power regulator has called for public responses on proposed new tariffs for next year, which indicate steep rises for some domestic users and low prices for industry and government offices and a new green tariff. Sri Lanka governments own energy policy has an objective to cut widely discriminatory […]
Quick Voyage
Dec 03, 2010 (LBO) – An emerging requirement for fast passenger ferries to link Indian island territories with the mainland could be an opportunity for Sri Lanka’s Colombo Dockyard, a visiting Indian official said. Jitendra Kumar Dadoo, the Administrator of the Union Territories of Lakshadweep, India, said faster passenger craft were needed to transport people […]
Credit Upturn
Dec 02, 2010 (LBO) – Sri Lanka’s HSBC unit is seeing a steep increase in corporate lending as the island recovers from a 30-year war and the country is re-building infrastructure, an official said. “Corporate banking has grown 30 percent from January to October,” HSBC chief executive Nick Nicolaou said. “Though people say banks aren’t […]
Piracy Business
KUALA LUMPUR, December 2, 2010 (AFP) – Malaysia says it is taking steps to secure the release of a Malaysian-flagged cargo ship and its 23 crew seized by Somali pirates last week in the Indian Ocean. The MV Albedo container vessel was en route from the United Arab Emirates to Kenya when it was hijacked […]
Sri Lanka India new trade deal stuck in more negotiations
Dec 02, 2020 (LBO) – Sri Lanka has had 13 rounds of negotiations on a new trade deal with India and “certain sections” of the proposed Comprehensive Economic Partnership Agreement (CEPA) had not yet been concluded, a government minister has said. Sri Lanka started liberalizing trade in 1977. India had been Sri Lanka’s biggest trade […]