Category: Industry
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 […]
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 […]
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 […]
Road Map
November 3, 2010 (AFP) – Sri Lanka plans to spend a billion dollars in foreign aid to rebuild roads as the island emerges from nearly four decades of ethnic fighting, a top official said Wednesday. Sri Lanka’s Highways Ministry Secretary Wasantha Karannagoda said they had secured funding to rebuild and repair nearly 4,000 kilometres (2,500 […]
Rail Deal
Nov 04, 2010 (LBO) – Sri Lanka is to enter into a credit agreement with India’s Export – Import Bank for an Indian government soft loan of 416 million US dollars to rebuild railways destroyed by war, a spokesman said. Media minister Keheliya Rambukwelle said the funds will be used to rebuild three sections of […]
Toll Collection
Nov 04, 2010 (LBO) – Sri Lanka Telecom is on track to get a deal to install a fibre optic cable for a toll collection system on an expressway linking the island’s south that is now under construction. These will be in the towns of Konawa, Kahatuduwa, Gelanigama, Dodangoda, Welipenna, Kurundugahahetekma, Nayapamula, Pinnaduwa, Deegoda, Kokmaduwa […]
Sri Lanka in stunning win after record partnership
MELBOURNE, November 3, 2010 (AFP) – Sri Lanka won a stunning one wicket victory over Australia in their opening one-day international Wednesday, courtesy of a record-breaking ninth wicket partnership by Angelo Mathews and Lasith Malinga. Looking dead and buried at 107 for eight and chasing Australia’s 239 for eight in Melbourne, the Sri Lankans roared […]