Category: Industry
Local Skills
Aug 30, 2010 (LBO) – Hatton National Bank, a big private listed commercial bank, plans to hire more executives from Sri Lanka’s north-east former war zone as it moves to increase lending in agriculture, an official said. Rajendra Theagarajah, chief executive of the private listed Hatton National Bank, said the new hiring scheme is based […]
Gold Credit
Aug 30, 2010 (LBO) – Sri Lanka’s Commercial Bank said it has started an overdraft facility backed by gold at 15 percent a year for current account holders, which the bank said is lower than the rate on regular overdrafts. “The Gold Overdraft is an ideal solution for those who invest in the stock market, […]
Terminal Award
Aug 30, 2010 (LBO) – A concession to build and operate a 450 million US dollar container terminal in an expanded port in Colombo port has been awarded to Sri Lanka’s Aitken Spence and China Merchants Holdings, an official said. CHEC and China Merchant come under the same arm of the Chinese government, industry analysts […]
Ton-up Dilshan helps Sri Lanka clinch tri-series
DAMBULLA, August 28, 2010 (AFP) – Tillakaratne Dilshan cracked an impressive century to set up Sri Lanka’s 74-run victory over India in the triangular one-day series final on Saturday. The opener smashed one six and 12 fours in a 115-ball 110 for his eighth one-day hundred, and the first at home, as Sri Lanka posted […]
Sri Lanka power output up 8.9-pct in first half
Aug 28, 2010 (LBO) – Sri Lanka’s power output rose 8. 9 percent in the first half of 2010 from a year earlier, in a more active economy, official data showed, with larger volumes of cheaper hydro energy being generated. State run Ceylon Electricity Board had generated 5,215 GigaWatt hours of energy (millions of units […]
Maid Abuse
August 28, 2010 (AFP) – A Sri Lankan maid recovering from surgery to remove 19 nails from her body told doctors her Saudi employer heated the nails and hammered them into her body, an official said Saturday. Surgeons at Sri Lanka’s southern Kamburupitiya hospital removed 19 out of a total of 24 nails — some […]
Sri Lanka holds withdrawal of on-arrival visa
August 28, 2010 (AFP) – Sri Lanka on Saturday suspended plans to scrap on-arrival visas for most nationals, including visitors from the US, Europe, Australia and Japan. “In some cases, foreigners of Sri Lankan origin may be detained without their embassies being notified,” the state department said in its travel advisory to US citizens. Sri […]
Mobile Money
Aug 27, 2010 (LBO) – Sri Lanka’s Central Bank has drafted guidelines for mobile phone payment systems and called for public comments, according to a notice on its website. Mobile payments will be allowed through accounts in licensed banks and registered finance companies as well as Custodian Account Based Systems operated by non-bank service providers. […]
Cooling Ardour
Aug 27, 2010 (LBO) – PC House, a Sri Lankan information technology company which debuted on the stock exchange this week, closed below its issue price of 11 rupees Friday, the second day of trading, brokers said. The share opened the day’s trading at 10. 90 rupees, went down to 9.90 and closed at 10.00 […]
Biomed Skills
Aug 27, 2010 (LBO) – Sri Lanka is laying the foundation to build a biomedical sector by offering courses in the subject based on British standards to train much needed human resources, educators said. “The development of the human capital base of the country is an important factor for that country to attain a sustainable […]
Arabian Fright
August 27, 2010 (AFP) – A Sri Lankan housemaid who had 24 nails embedded in her body — allegedly by her Saudi employer — was recovering in hospital Friday after doctors removed 18 of them during a three-hour surgery. L.T. Ariyawathi, 49, said her employer in Saudi Arabia had inflicted the injuries on her as […]
Sri Lanka hotel group exits loss-making Maldives resort
Aug 27, 2010 (LBO) – Sri Lanka’s John Keells Holdings (JKH) group said it had exited from an island further away from the capital of the Indian Ocean archipelago of Maldives, and extended its lease at a more profitable resort. But the Alidhoo island was making losses, and Dhonveli was more profitable the firm said. […]