Category: Industry
Data Host
July 05, 2010 (LBO) – Sri Lanka’s PC House has got approval from the investment promotion agency to set up a subsidiary with an investment of three million dollars to do internet data centre operations, a statement said. The Board of Investment said IDC and information technology outsourcing were seen as businesses with growth potential. […]
Sri Lanka may lose US$500mn in exports with GSP+ end: report
July 04, 2010 (LBO) – Sri Lanka may lose around 500 million US dollars in apparel exports a year, due to the end of trade concessions from the European Union from August, a media report quoting an industry official said. Sri Lanka’s apparel exports to the United States have been declining steadily over the last […]
‘s Howard veto
LONDON, July 2, 2010 (AFP) – Australia great Steve Waugh on Friday blasted the International Cricket Council’s decision to block the bid of former Australia Prime Minister John Howard to become president of the global governing body. For a start, many officials were believed to be unhappy that Howard – who has no track record […]
Sri Lanka cracks down on illegal electricity connections
July 03, 2010 (LBO) – Sri Lanka’s state-run power utility the Ceylon Electricity Board has begun raids on homes and businesses illegally tapping power from its grid, the power and energy ministry said in a statement. The ministry statement said the CEB earned Rs14mn through fines and arrears from power pirates after the raids in […]
Sri Lanka state-run budget carrier gets more competition
July 03, 2010 (LBO) – Middle East budget carrier Flydubai has started four weekly flights to Colombo, providing fresh competition for state-run Mihin Lanka, which lost 900 million rupees last year. Mihin’s single aircraft doesn’t always fly direct. Mihin’s Dubai-Colombo run is via Kuwait. After losing billions of rupees since its start and after briefly […]
Sri Lanka expects record tourist arrivals this year: official
July 03, 2010 (LBO) – Sri Lanka expects to get 600,000 tourists this year with the end of a 30-year war making the island an attractive destination once again, a senior tourism official said. Kalaiselvam said the country has accommodation to cater to only 750,000 tourists a year and that 3,000 more rooms would be […]
Sri Lanka mulls energy audit to save electricity
July 02, 2010 (LBO) – The Sri Lankan government is to have energy audits for all state organisations in an efforts to save electricity and minimise wastage, a senior official said. Kithsiri Dissanaike, chairman of the Sustainable Energy Authority, said an awareness campaign for school children as well as industries is also being done to […]
Sri Lanka trade concessions to be reviewed: US
July 01, 2010 (LBO) – The United States will review trade concessions granted to Sri Lanka under its Generalized System of Preferences (GSP) affecting 116 million US dollars of goods exported by the island, the US embassy in Colombo said. Other criteria included measures against child labour, and occupational safety and health, work hours, minimum […]
Sri Lanka electricity utility goes for wind power
July 01, 2010 (LBO) – Sri Lanka’s state-run electricity utility will form a separate company to set up wind power plants, Minister of Power and Energy Patali Champika Ranawaka said. New coal-based power plants are being built or planned along with a few more hydro-power plants as most hydro-power potential has been exhausted. There is […]
Banking Move
July 01, 2010 (LBO) – Sri Lanka’s central bank is to open an office in northern Jaffna where it could help with loans and be a catalyst for the economic revival of the region after a war, a statement said. It will be the banking regulator’s fourth provincial office complementing others in the southern, north-central […]
‘s Howard fights on despite ICC snub
SYDNEY, July 1, 2010 (AFP) – Australia’s John Howard vowed to fight on to become world cricket president despite his embarrassing rejection by Africa and Asia, which was slammed as a “disgrace” by ex-ICC chief Malcolm Speed Thursday. Howard, the former conservative Australian prime minister, was due to fly home from Singapore after African and […]
Sri Lanka lures Indian houseboat tourism firm
June 30, 2010 (LBO) – An Indian company has been given approval by Sri Lanka’s investment promotion agency to launch houseboat tourism services in a lake in the central hills, a statement said. The Board of Investment said SAJ House Boat Builders & Operators signed a deal to provide houseboat services in Nuwara Eliya with […]