Category: Industry
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, […]
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 […]
‘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 […]
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 […]
Mahela Jayawardene rules out Sri Lankan political career
June 12, 2010 (LBO) Sri Lanka’s former cricket captain Mahela Jayawardene has ruled out a political career, opting instead to help people through his various charity projects. “Politics is out,” the stylish right-hand batsman told a group of Colombo-based businessmen at a fund raiser for cancer, Colours of Courage. “My wife has threatened to divorce […]
China signs trade deals with Sri Lanka
June 12, 2010 (AFP) – Chinese Vice-Premier Zhang Dejiang held talks with Sri Lanka’s president Saturday after signing six trade and economic deals, the president’s office said in a statement. Zhang had a breakfast meeting with President Mahinda Rajapakse and the two reviewed ongoing Chinese-assisted infrastructure projects. “Today’s meeting followed the signing of agreements between […]
Sri Lanka warns private power producers
June 12, 2010 (LBO) – Sri Lanka has warned private power producers that it could go against deals signed to sell power to a state-run power distributor with the government getting into a new drive to cut the utilities losses. Though the plants are governed by tight and complex agreements minister Ranawaka says the government […]