Category: Industry
Disaster Drill
June 16, 2010 (LBO) – Oil exploration disasters are likely to continue in future as energy continues to dig deeper in the Ocean for petroleum products an analyst warned in Colombo, as Sri Lanka prepares for submarine drilling. “The hunger of energy and the need for energy is still on the rise and in the […]
‘s Malinga rattles Pakistan in Asia Cup opener
DAMBULLA, June 15, 2010 (AFP) – Sling-arm fast bowler Lasith Malinga grabbed 5-34 as defending champions Sri Lanka stunned Pakistan by 16 runs in the opening match of the Asia Cup on Tuesday. Shahid Afridi’s first one-day century in five years was in vain as Sri Lanka, restricted to 242-9, bowled out Pakistan for 226 […]
” India trade deal
June 15, 2010 (LBO) – Sri Lanka’s main opposition United National Party is not opposing an enhanced trade liberalization deal with India, but wants transparency and a parliamentary debate to clear doubts, a lawmaker said. The CEPA deal hopes to build on a 10-year-old existing India-Sri Lanka Free Trade Agreement. Over the last decade trade […]
Nomadic Mode
June 15, 2010 (LBO) – Mobile phone payment and music are among applications likely to be popular in south Asian countries like Sri Lanka where local-language content and catering to rural consumers are also important, an industry analyst said. “Designing for mobile consumers is the key rather than designing for mobile technology,” said Dileeka Dias, […]
‘s big four launch World Cup preparations
DAMBULLA, June 14, 2010 (AFP) – Asia’s Test-playing nations begin their preparations for next year’s World Cup when they contest the region’s top one-day prize from Tuesday. Away from the global spotlight on the football World Cup in South Africa, the four-nation Asia Cup will be played in Sri Lanka over the next 10 days. […]
Sri Lanka Hemas eyes renewable power as post-war demand rises
June 14, 2010 (LBO) – Sri Lanka’s Hemas Power is building another hydropower plant, raising generation capacity to 24 Giga Watt hours (millions of units) of energy a year from hydro plants which it plans to expand in preference to fossil-fuel power. Hemas also has a joint-venture company called Heladhanavi which generates thermal power and […]
” apparel plant seen as global model
June 14, 2010 (LBO) – The United Nations Industrial Development Organization (UNIDO) has recommended as a global model an environmentally friendly apparel plant owned by Sri Lanka’s Brandix Group, a statement said. Visiting UNIDO Director General Dr. Kandeh Yumkella toured the facility in Seeduwa, north of Colombo, last week. “I am pleased to recommend this […]
Mobile Move
June 14, 2010 (LBO) – Etisalat’s Sri Lanka unit has invited developers to create mobile applications and is offering to share 70 percent of revenue from sales, an official said. Dumindra Ratnayaka, chief executive of Etisalat Sri Lanka said the firm, which was taken over by Etisalat Telecommunication Corporation in the UAE in February 2010, […]
Virtual Ad
June 14, 2010 (LBO) – Sri Lanka’s Triad Advertizing has launched Triadhot.com, a virtual advertising agency, to service global clients’ online advertizing at lower cost than existing international competition, a statement said. The agency would offer research, strategies, creative ideas, storyboards and jingle scripts on demand for its customers, it said. Triadhot.com would be based […]
Bank Numbers
June 14, 2010 (LBO) –Indian Bank’s March quarter profits rose 32.4 percent to 296.3 million rupees on lower operating costs and reversals on provisions, while net interest margins shrank from lower interest income and dud loans rose, its accounts showed. In the March 2010 quarter, the Sri Lankan unit of Indian Bank said interest income […]
Mass Wedding
June 13, 2010 (AFP) – Sri Lankan authorities on Sunday conducted the marriages of over 100 former rebels at a mass ceremony attended by Bollywood actor Vivek Oberoi. A total of 53 couples were issued marriage certificates in the northern district of Vavuniya, where they are being held in military custody following the defeat of […]
Insurance Lift
June 13, 2010 (LBO) – Sri Lankan ports are now free of any extra war risk-related insurance premiums following the removal of the island from the area listed for war risk by international underwriters, a government statement said. The Sri Lanka Ports Authority said the move followed a visit to the island by a security […]