Category: Industry
Sammy hails Bravo as Sri Lanka series drawn
PALLEKELE, December 5, 2010 (AFP) – West Indies captain Darren Sammy said Darren Bravo’s highly impressive performances were chief among a number of plus points his team could take from the drawn Test series against Sri Lanka. The three-match series ended 0-0 on Sunday following rain-hit Tests in Galle, Colombo and Pallekele and they now […]
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 […]
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 […]
Consumer Finance
Dec 02, 2010 (LBO) – Singer Finance (Lanka), a subsidiary of the Sri Lankan unit of the Singer multinational, plans to raise 400 million rupees by offering 26. 66 million shares at 15 rupees each, officials said. The Colombo stock market has been on a bull run this year, hitting record highs, although prices have […]