Category: Industry
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 […]
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 […]
‘s top hydro power reservoir near spill
Dec 02, 2010 (LBO) – A large reservoir in Sri Lanka’s central hills which is also used for power generation is near spill level as the island experienced heavy rainfall causing floods and landslides elsewhere. The Victoria reservoir in Sri Lanka’s Kandy district is one meter below spill level with heavy inflows continuing, an official […]
Liquid Lending
Dec 02, 2010 (LBO) – The Asian Development Bank (ADB) will provide 90 million US dollars in loans to help Sri Lanka restore water supply and sanitation infrastructure in the war-ravaged north, a statement said. The project, due for completion by February 2017, will help restore and modernise key infrastructure damaged by war or which […]
Sri Lanka heritage hotel to lure ship passengers again
Dec 02, 2010 (LBO) – Big Sri Lankan operators and international chains have responded to a call to restore the original charms of a colonial-era hotel overlooking Colombo port once popular with visitors who came by ship, an official said. “We want to bring it back to its original form,” said Gamini Wickemasinghe, chairman of […]