Category: Industry
Direct Links
June 11, 2010 (LBO) – Mobile phone applications have the potential to reduce the gap between rich and poor in developing countries like Sri Lanka, the island’s minister of technology and research said. The mobile phone is joining the personal computer and television in empowering people and giving them access to information to make their […]
Maritime Ventures
June 11, 2010 (LBO) – Sri Lanka’s Aitken Spence group said its maritime transportation business division is considering setting up a maritime campus overseas as part of efforts to develop its ports and shipping business abroad. The firm won a ship planning contract for the African ports of Durban, Cape Town and Ngqura during the […]
Risk Rating
June 11, 2010 (LBO) – London underwriters have removed Sri Lanka from the area listed for war risk insurance following lobbying by the island’s government that risks have been eliminated with the end of the ethnic war. A statement from the Joint War Committee in London said it recently reviewed the Listed Areas for Hull […]
Sri Lanka plans new tariffs to smoothen power peaks
June 10, 2010 (LBO) – Sri Lanka state-run Ceylon Electricity Board is devising new tariffs with low off peak rates and penal peak rates to smoothen the daily peak load and push some industrial activities to low demand hours, officials said. At the moment industries get subsidized tariffs, while commercial and large households pay higher […]
Health Hopes
June 10, 2010 (LBO) – A new hospital in Sri Lanka’s Asiri healthcare group is set to break-even and generate positive cashflows despite overshooting its construction budget by 20 percent, an official said. The Central hospital, which started operations two months ago and cost 5.5 billion to build, is generating enough cash flows to be […]
Education Promises
June 10, 2010 (LBO) – Sri Lanka’s newly appointed higher education ministry has promised better syllabuses, elimination of ‘ragging’ of freshmen and stronger English language skills to boost the employability of graduates from state universities. Dissanayake who is also a state university graduate and former activist, said the current academic syllabus taught at universities will […]
Steady Steps
June 10, 2010 (LBO) – Sri Lanka’s Citizens Development Business Finance says it has maintained profitability and managed non performing loans last year in a tough operating environment and is now looking to expand. The firm has changed its financial year from December to March and posted revenues of 1.9 billion rupees for the 15 […]
Sri Lanka overwhelm Zimbabwe in series final
HARARE, June 9, 2010 (AFP) – A dominant Sri Lanka came to within a freak run-out of whitewashing Zimbabwe in the final of the Tri-nations tournament at Harare Sports Club here on Wednesday. The Sri Lankans scored a leisurely 203-1 in 34. 4 overs to win with ease in reply to Zimbabwe’s effort of 199 […]
Sri Lanka businesses say Vietnam embassy needed to boost trade
June 09, 2010 (LBO) – Trade and economic links with Vietnam could grow fast if Hanoi sets up an embassy in Colombo to grease official clearances and visas, Sri Lankan businessmen told a visiting Vietnamese minister. The Ceylon Chamber of Commerce formed a Sri Lanka – Vietnam Business Council Tuesday in the presence of visiting […]
Sri Lankan state airline appoints two directors
June 09, 2010 (LBO) – Sri Lankan Airlines had appointed two new directors from private sector firms to its board, and has re-appointed existing directors, the airlines said, with the government on track to buy back a minority stake from Emirates. The airline said it was about to launch a new service to Shanghai, and […]
‘s India visit marred by Tamil protests
NEW DELHI, June 9, 2010 (AFP) – Sri Lanka’s President Mahinda Rajapakse on Wednesday began his first foreign trip to influential neighbour India since being re-elected, in a visit that has drawn protests from Indian Tamils. Rajapakse, who was re-elected in January on the back of a resounding victory over Tamil separatists that ended a […]
Sri Lanka Confifi Hotel group gets new board
June 09, 2010 (LBO) – Sri Lanka’s Confifi Hotel Holdings which was taken over by Lanka Orix Leasing Company (LOLC) from former owners the Furkhan family, has appointed a new director board from Wednesday, a stock exchange filing said. LOLC now owns 52 percent of Confifi Hotel Holdings and 25.5 percent of Riverina Hotels. Ishara […]