Category: Industry
Bootleg Programmes
SINGAPORE, May 11, 2010 (AFP) – Software piracy cost technology companies more than 50 billion dollars around the world last year, with Asia accounting for the largest share of losses, an industry report said Tuesday. Despite successes in the fight to protect intellectual property rights, on average 43 percent of software used in computers worldwide […]
Loan Growth
May 11, 2010 (LBO ) – Sri Lanka’s PABC Bank’s net profit for the March 2010 quarter fell 27 percent to 67.5 million rupees from a year earlier, on weaker fee income despite maintaining margins and loan growth while rates fell, interim accounts showed. PABC’s gross assets grew to 22.1 billion rupees from 21.5 billion […]
Keel Laying
May 11, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, has laid the keel for the construction of an Anchor Handling Tug Supply Vessel for the Pacific island state of Samoa, a statement said. The yard, which is majority owned by Japan’s Onomichi Dockyard, said the tug was the first of two […]
White the hero as Australia crush Sri Lanka
BRIDGETOWN, May 9, 2010 (AFP) – Australia followed up a rescue act from Cameron White with a polished performance in the field during a thumping 81-run victory over Sri Lanka in the World Twenty20 on Sunday. Chasing 169 for victory, Sri Lanka were dismissed for 87 as Australia won with more than three overs to […]
Emirates to launch services to Iraq
May 10, 2010 (LBO) – Emirates will launch flights to the Iraqi capital Baghdad from July 1, 2010, the last remaining Middle Eastern destination to be frequented by the airline, a statement said. Baghdad will be Emirates’ 103rd international destination and one of six new destinations to be launched by the airline this year including, […]
Sri Lankan Airlines to fly to Shanghai
May 10, 2010 (LBO) – Sri Lankan Airlines will launch a four-times a week service to Shanghai in July 2010, the third Chinese city in its global route network, the airline said in a statement. The new service will expand the airline’s cargo carrying capacity between China and Sri Lanka, with rapid connections in Colombo […]
Sri Lanka tourist arrivals up 47-pct in April: data
May 10, 2010 (LBO) – Tourist arrivals to Sri Lanka rose 47.0 percent to 38,300 in April 2010 from a year earlier with strong growth in Western European and South Asian generating markets, data from the island’s tourism office showed. Visitors from South Asia were up 53 percent to 10,798. India generated 7,732 tourists, up […]
Sri Lanka Muralitharan out of World Twenty20
BRIDGETOWN, May 8, 2010 (AFP) – Muttiah Muralitharan’s participation at the World Twenty20 finally came to an end on Saturday when it was announced Sri Lanka would be summoning a replacement for their spin star. Thilan Thushara will replace Murali, who has been struggling with a groin problem, after the International Cricket Council (ICC) gave […]
‘s Jayawardene opening up Twenty20 horizons
BRIDGETOWN, May 8, 2010 (AFP) – Sri Lanka’s Mahela Jayawardene is relishing the “freedom” that comes with opening the batting after another superlative display at the World Twenty20. And he insists his appetite for runs is far from sated ahead of the islanders’ upcoming clash with Australia on Sunday. The 32-year-old made an unbeaten 98 […]
‘s Minor: report
May 08, 2010 (LBO) – Bangkok-based Minor International is looking to buy or build beach resorts in Sri Lanka, after the island emerged from a 30-year war and prospects for tourism brightened, a media report said. Minor also operates hotels in Thailand under the Marriott and Four Seasons brands and runs Thai franchises for Burger […]
Mobile Move
May 07, 2010 (LBO) – Plans by Sri Lanka’s telecommunications regulator to introduce mobile phone number portability, allowing subscribers to switch networks while using the same number, could threaten industry profitability, Fitch Ratings said. Implementation of Mobile Number Portability (MNP) could increase subscriber acquisition and retention costs within the industry, it said in a statement. […]
Last Laugh
May 07, 2010 (LBO) – Laugfs Group, the sole rival of the Sri Lankan unit of Royal Dutch Shell, is keen to buy the multinational’s operations in the island, Laugfs chairman W K H Wegapitiya said. Shell Gas Lanka is the dominant supplier of liquefied petroleum gas (LPG) in Sri Lanka with Laugfs having a […]