Category: Industry
Commonwealth Games medals table
NEW DELHI, October 5, 2010 (AFP) – Commonwealth Games medals table after Tuesday’s events:- Gold Silver Bronze Total Australia 9 9 5 23 India 5 4 2 11 England 2 6 4 12 Malaysia 2 2 1 5 South Africa 2 2 1 5 Canada 2 0 5 7 Singapore 2 0 0 2 Nigeria […]
Sri Lanka Insurance Corporation sees steep upturn
Oct 06, 2010 (LBO) – State-run Sri Lanka Insurance Corporation (SLIC), the island’s largest insurer by assets is seeing a steep increase in life and motor insurance premium collection and it is also expanding in to the former war-torn north and east of the island. SLIC has collected 9.5 billion rupees in gross written premium […]
Capital Injection
Oct 06, 2010 (LBO) – Sri Lanka’s The Finance Company is to issue 100 million non-voting shares at 20 rupees each to deposit holders to convert into equity part of their deposits which were blocked after the firm suffered a run, a statement said. The shares will be issued to fixed deposit holders to convert […]
Vroom
Oct 06, 2010 (LBO) – Sri Lanka’s Diesel and Motor Engineering Company, agents for Mercedes Benz and Tata vehicles, says monthly volumes have doubled to 1,000 units from a year earlier following an economic upturn and cuts in vehicle taxes. The firm also sells Chrysler and Jeep brands from the US, Mahindra and Mahindra vehicles […]
Tele Reach
Oct 05, 2010 (LBO) – Sri Lanka’s ETV, a terrestrial broadcaster covering the island’s western province, has put its programming on Dialog TV, a unit of Dialog Axiata, reaching a fast growing subscriber base around the country, officials said. Lanka Business Online is a related entity of ETV. “Today we have 200,000 homes, hotels, hospitals, […]
Sri Lanka tourist boom may need imported labour
Oct 05, 2010 (LBO) – Sri Lanka’s tourist industry is considering the possibility of importing labour, possibly from India, as a last resort to meet an anticipated shortage of workers given the sudden influx of visitors, an official said. “We will consider recruiting people from other countries, that will be our last option,” says Suranga […]
Gas Grin
Oct 05, 2010 (LBO) – Sri Lankan liquid petroleum gas supplier Laugfs Gas is seeking to raise 2. 5 billion rupees in an initial public offer opening on November 04, 2010, a stock exchange filing said. Laugfs Gas will offer for subscription 75 million ordinary voting shares at 23 rupees a share, to raise 1,725 […]
Malaysia, Nigeria put Indian hopes in shade
NEW DELHI, October 4, 2010 (AFP) – India’s highly-rated Commonwealth Games weightlifting squad were shoved into the shadows on Monday when their gold medal hopes were shattered by an ex-drugs cheat and a Nigerian schoolgirl. Malaysian veteran Amirul Hamizan Ibrahim, whose career was interrupted by a two-year doping suspension in 2005, regained his 56kg title […]
Sri Lanka takes bronze in weightlifting
Oct 05, 2010 (LBO) – Sri Lanka’s Anton Kurukulaasooriyage took bronze with a final lift of 152kg for an overall 272 in the Commonwealth Games in New Delhi Tuesday, AFP news agency reported. The gold was won by Aricco Jumitih of Malaysia, their second weightlifting gold medal of the Commonwealth Games, when he edged compatriot […]
Sri Lanka exports slow in July on fall in apparel
Oct 05, 2010 (LBO) – Sri Lanka’s exports slowed in July 2010 for the first time in four months, dragged down by a fall in apparel shipments, its biggest industrial export, the Central Bank said. Earnings from exports were up just 0.6 percent to 656 million US dollars in July 2010 from a year ago […]
Sri Lanka told to speed up paper work for trade with India
Oct 04, 2010 (LBO) – Early issue of export documentation by Sri Lankan authorities could help reduce delays in clearing goods shipped to India under a free trade deal, trade experts and economists told a forum. The Indo-Lanka free trade agreement (FTA) has eliminated or reduced import duties, improving market access for businesses in both […]
Tele Bid
Oct 04, 2010 (LBO) – India’s Tata Communications had put in a bid for Sri Lanka’s Suntel, a unit of Sweden’s Telia which runs a fixed access wireless network in the island, a media report said. India’s Economic Times said, Tata Communications Ltd (TCL) formerly a state-run firm in which the government still owns 26 […]