Category: Industry
Sri Lanka builds more mini-hydro, wind power plants
Nov 07, 2010 (LBO) – Sri Lanka is building more mini-hydro and wind power plants but needs more technology transfer to ensure better use of renewable energy, officials said. Energy produced from wind and solar plants varies depending on the availability of wind and sunlight and hence cannot be used as base load power. “There […]
Oil Plan
NEW DELHI, Nov 5 (Asia Pulse) – State-owned Indian Oil Corp is eyeing a contract to revamp and expand the sole refinery in Sri Lanka. IOC’s interest in upgrading and doubling capacity of Ceylon Petroleum Corp’s (CPC) Sapugaskanda Refinery to 4 million tonnes a year came up at a meeting between Indian Oil Minister Murli […]
Aussies hapless, woeful against Sri Lanka: press
SYDNEY, November 6, 2010 (AFP) – Australian newspapers Saturday accused Ricky Ponting’s men of embarrassing, hapless and woeful play against Sri Lanka after the visitors scored their first-ever series success Down Under. Just weeks out from the start of the keenly-awaited Ashes series against England and without a win in any format since July, the […]
Marketing Bond
Nov 06, 2010 (LBO) – Cargills (Ceylon), which runs Sri Lanka’s biggest supermarket chain, has begun selling products of farmers in the former war zone in the northern Jaffna peninsula, officials said. The bank has given 105 million rupees in loans among over 3,000 micro-entrepreneurs, farmers and fishermen to restart their income generating activities in […]
Knowledge Outsourcing
Nov 05, 2010 (LBO) – Dubai-based Heraymila Investments’ Sri Lanka operatons will include an investment research outsourcing unit which will initially undertake work for the group, officials said. “We were quite impressed with the quality of talent,” Heraymila’s managing director Vinod Krishnan said. “We are trying to outsource our research to Sri Lanka. ” Heraymila […]
Speed Test
Nov 05, 2010 (LBO) – Broadband download speeds delivered by Dialog Axiata, Sri Lanka’s dominant mobile operator, exceed expectations although its main rival Sri Lanka Telecom (SLT) does better on other measurements, a report said. Dialog’s 1Mbps (megabits per second) post-paid broadband package delivers more than promised in download speeds, recent Quality of Service Experience […]
Sri Lanka Aitken Spence to manage Indian hotel
Nov 06, 2010 (LBO) – Sri Lanka’s Aitken Spence Hotels has taken over the management of India’s Grand Palance Hotel and Spa in Yercaud in Tamil Nadu, increasing its properties in the country to five, the company said. “It is evident that we were offered the management of Grand Palace and Spa as we have […]
” – press
SYDNEY, November 5, 2010 (AFP) – Australia’s unease over the state of its cricket deepened Friday ahead of this month’s Ashes series, with media labelling many Australian cricketers as overrated, over-indulged and overpaid. One newspaper said Australian cricket was in crisis amid descending gloom with the once-mighty national side having lost its sixth straight match […]
Sri Lanka – India capital cities linked daily by Jet Airways
Nov 05, 2010 (LBO) – India’s Jet Airways launched daily direct Boeing 737-800 flights from Colombo to Delhi and Mumbai on Friday, as the island’s peak tourism season got underway, a statement said. The two new flights between Sri Lanka and India are in addition to the existing double daily Colombo Chennai – Colombo services. […]
Broad Growth
Nov 05, 2010 (LBO) – Sri Lanka Telecom, the island’s largest fixed access provider, said fixed broadband users grew 40 percent to over 200,000 by the September 2010 quarter from a year earlier. SLT, a majority state-controlled firm which is 44 percent owned by Malaysia’s UT group, has Sri Lanka’s only wireline network. SLT said […]
Gas Demand
Nov 04, 2010 (LBO) – A share issue by Sri Lankan liquid petroleum gas supplier Laugfs Gas to raise 2. 5 billion rupees was oversubscribed on the opening day Thursday itself, its promoters said in a stock exchange filing. Merchant Bank of Sri Lanka, Managers and Registrars to the IPO, said the issue would be […]
Migrant Money
Nov 04, 2010 (LBO) – Commercial Bank said it expanded its money transfer service and will deploy banking officers in Saudi Arabia to handle remittances from migrant Sri Lankans working in the kingdom. The bank said in a statement its customer base in Saudi Arabia was growing and money transfer services can be obtained via […]