Category: Industry
Default Warning
Oct 11, 2010 (LBO) – Sri Lanka’s Credit Information Bureau (CRIB) is to launch an ‘e-alert’ service using mobile phones and email to warn banks of defaulters who have borrowed from more than one bank, an official said. Furthermore, there are also no detailed reports being exchanged now on monthly loan installment payments by borrowers. […]
Better Outlook
Oct 11, 2010 (LBO) – The outlook on Sri Lanka’s stat-run Bank of Ceylon, the island’s largest commercial bank by assets, has been lifted to ‘positive’ from ‘stable’ after a lifting of the sovereign rating increased the capacity of the state to support it, Fitch Ratings said. But Fitch said it considered the absolute capitalisation […]
Transport Options
Oct 11, 2010 (LBO) – Sri Lanka’s logistics and transport bottlenecks will come under scrutiny at an international conference this week where partnerships between the public and private sectors will also be considered, officials said. The island now has an opportunity to rebuild its transport infrastructure which was neglected or destroyed during the 30-year ethnic […]
‘s IPL
BANGALORE, October 10, 2010 (AFP) – Rajasthan Royals and Kings XI Punjab have been thrown out of the Indian Premier League over ownership issues, tournament organisers said on Sunday. The governing council of the cash-rich Twenty20 event, owned by the Board of Control for Cricket in India (BCCI), also issued notices to the new Kochi […]
Tertiary Plans
Oct 11, 2010 (LBO) – Sri Lanka is offering free land and tax breaks for top ranked foreign universities to start branches in the island with the end of a state monopoly in awarding degrees, the island’s higher education minister said. “We are planning to bring higher education institutions ranked among the top 1,000 in […]
Commonwealth Games medals tabl
NEW DELHI, October 9, 2010 (AFP) – Commonwealth Games medals table after Saturday’s action: Gold Silver Bronze Total Australia 55 30 31 116 England 24 43 29 96 India 24 16 17 57 Canada 17 10 23 50 South Africa 9 9 9 27 Nigeria 7 5 9 21 Malaysia 6 5 6 17 Kenya […]
‘s 60-year wait
NEW DELHI, October 10, 2010 (AFP) – Manju Wanniarachchi on Sunday guaranteed Sri Lanka their first Commonwealth Games boxing medal in 60 years after easing through to the semi-finals on points. The 30-year-old saw of Kenya’s Nicholas Okoth in the bantamweight quarter-finals, putting him through to the last-four and a guaranteed bronze. “This is Sri […]
‘s SpiceJet
Oct 10, 2010 (LBO) – Indian budget carrier SpiceJet, which has launched daily flights to Sri Lanka to exploit the island’s post-war tourism prospects, intends to increase frequencies and add more destinations soon, officials said. “We like consumers to book early,” Sridharan said. “Closer to the flight fares go up. The last few seats are […]
Bangladesh apparel exports surge as EU buyers shift from Sri Lanka: report
Oct 08, 2010 (LBO) – Bangladesh’s exports of apparel are surging beyond projections as buyers from the European Union shifted orders ahead of Sri Lanka losing preferential duty concessions, a media report said. Sri Lanka has exported 268.1 million US dollars of apparel in July 2010, down 11 percent from 301.3 million US dollars a […]
Sri Lanka to liberalise civil aviation
Oct 08, 2010 (LBO) – Sri Lanka is to further liberalise its civil aviation sector and remove flying restrictions with the end of its ethnic war, an official said. The private sector will be given more opportunities to operate hot air balloons, float planes and helicopters, the Civil Aviation Authority director-general H M C Nimalsiri […]
Sri Lanka national carrier to list flight kitchen
Oct 08, 2010 (LBO) – Sri Lanka’s state-run national carrier SriLankan Airlines is planning to divest a part of its fully owned catering unit through a public listing, Chairman Nishantha Wickramasinghe said. Earlier this week the government said it will divest a 49 percent stake in a gas distributor it planned to buy back from […]
Better Marks
Oct 08, 2010 (LBO) – Fitch Ratings has upgraded Sri Lanka’s Dialog Axiata’s (Dialog) national long-term rating to ‘AAA(lka)’ from ‘AA(lka)’, and revised the outlook to stable from negative, a statement said. This is to help mitigate potential currency risk on the scheduled repayments of its US dollar debt, which fall due between 2011 and […]