Category: Industry
Sri Lanka travel trade warns tourism boom has risks
June 29, 2010 (LBO) – A sudden influx of tourists in to Sri Lanka after the end of its ethnic war could bring risks such as threats to the island’s environment and cultural values, a senior travel trade official has warned. The trade should also ensure that income from tourism benefits more people, Nilmin Nanayakkara, […]
Cargo Room
June 29, 2010 (LBO) – The Sri Lanka Ports Authority is providing more space at its main container terminal for freight to ease congestion, SLPA managing director Nihal Keppetipola said. New port projects under way at Colombo as well as in southern Hambantota and eastern Trincomalee will also provide large extents of land for logistics, […]
Sri Lanka hill country hotels to be refurbished
June 28, 2010 (LBO) – Sri Lanka’s The Kandy Hotels Company plans to refurbish two hotels in the central hill country town of Kandy which is a major tourist attraction, a stock exchange filing said. Many hotels have started or announced plans for refurbishment and upgrades to cater to the anticipated influx of visitors. It […]
Guarantee Rate
June 28, 2010 (LBO) – Sri Lanka’s RAM Ratings has given a ‘BBB+’ long term financial enhancement rating to Construction Guarantee Fund (CGF) saying it has state backing though vulnerable to the volatility of the industry and has no re-insurance as yet. Guarantees are given without any collateral, by evaluating the contractors’ capabilities against the […]
Port City
June 28, 2010 (LBO) – Sri Lanka’s capital Colombo is to be expanded out to sea on reclaimed land with material dredged to build a new port, providing opportunities for businesses and citizens alike, an official said. The Sri Lanka Ports Authority is in charge of the project to create a new ‘port city’, its […]
Shipping Link
June 28, 2010 (LBO) – The permanent secretariat of the Asian Shippers’ Council (ASC), the world’s largest shippers’ body, has been located at the Ceylon Chamber of Commerce in Sri Lanka, a statement said. ASC consists of 20 shippers’ councils from 16 countries in the five regions covering Asia and Oceania. Its permanent secretariat was […]
Vettori, McCullum to miss Sri Lanka, India ODIs
WELLINGTON, June 27, 2010 (AFP) – New Zealand has left its two most senior cricketers, Daniel Vettori and Brendon McCullum, out of the squad named Sunday for next month’s limited over series against Sri Lanka and India in Sri Lanka. Vettori has been allowed to stay home as the tour coincides with the birth of […]
Sri Lanka halts foreign league matches for players
June 27, 2010 (AFP) – Sri Lanka Cricket on Sunday barred its players from participating in overseas domestic leagues until the World Cup next year. The team is also due to tour Australia for a one-day series before West India travel to Sri Lanka in November in the build-up to the World Cup. Sri Lanka, […]
SriLankan Airlines losses lower in March quarter
June 26, 2010 (LBO) – SriLankan Airlines has cut losses in the year to March 2010, and was looking to turnaround in the second half of this year, but may need financial re-structuring in the future, an official said. The airline is now saddled with Mihin Lanka, a loss making start-up budget carrier. A report […]
Rare Happening
BEIRUT, June 25, 2010 (AFP) – A Lebanese woman was sentenced to one month in jail for mistreating her Sri Lankan housemaid, court papers showed on Friday, a rare happening in a country where rights groups regularly denounce the ill-treatment of foreign domestic helpers. Rights associations defending immigrant workers decry that these labourers are not […]
Transport Blues
June 26, 2010 (LBO) – Sri Lanka’s private bus sector can push up revenues by about 20 percent by cutting leakages with an online ticket machine, but the subsidy-happy operators want taxpayer support help them earn bigger profits. “On average about daily ticket collection are lost due to leakages in the system,” Amal S Kumarage, […]
Nehra inspires India to Asia Cup title
DAMBULLA, June 24, 2010 (AFP) – India’s pace battery led by Ashish Nehra demolished Sri Lanka to help their team win the Asia Cup with a comfortable 81-run win on Thursday. Dinesh Karthik top-scored with 66 as India made 268-6 after electing to bat in the day-night final, before the defending champions and hosts were […]