Category: Industry
Emirates starts Amsterdam Sri Lanka run
Apr 29, 2010 (LBO) – Emirates airlines said it was starting flights to the Dutch capital of Amsterdam from Colombo first and business class passenger being given complementary stays in Dubai. From Colombo, Emirates operates 21 services a week to Dubai. “Sri Lanka and the Netherlands are linked by centuries of history and trade, said […]
Accolade
Apr 29, 2010 (LBO) – Shree FM, a radio station run by Sri Lanka’s the E A P Edirisinghe group, has won a top US broadcasting award for a community service program which helped people in remote areas, the broadcaster said. NAB is the highest award presented to non-US radio and television stations to recognize […]
Migrant Abuse
KUALA LUMPUR, April 29, 2010 (AFP) – Middle East and Asian nations, which draw millions of foreign domestic workers, have failed to take action to tackle widespread abuse of the vulnerable women, Human Rights Watch said. “The reforms undertaken by Middle Eastern and Asian governments fall far short of the minimum protections needed to tackle […]
Insurance Plan
Apr 29, 2010 (LBO) – Sri Lanka will take over ‘abandoned property’ of depositors in banks to start a mandatory deposit insurance scheme, the island’s central bank, which is the banking regulator, has said. The central bank said it had ‘temporary custody’ of 371 million rupees of ‘abandoned property’ unclaimed by depositors in licensed commercial […]
Budget Branches
Apr 29, 2010 (LBO) – Sri Lanka’s Nations Trust Bank (NTB) is to use a ‘feeder branch’ network to expand in the former north-east war zone to bring down operating costs, and wants donor agencies to subsidize credit risks, a senior official said. However Rajakaruna warned banks operating in relatively unfamiliar territory are open to […]
Switching Calls
Apr 27, 2010 (LBO) – Sri Lanka’s Telecommunications Regulatory Commission (TRC) has called for consultancy services to suggest ways to introduce mobile phone number portability that will allow subscribers to switch networks while using the same number. The assignment will require a “detailed consultation process”, taking in the views of stake holders when formulating the […]
Box Business
Apr 27, 2010 (LBO) – Colombo port container volumes rose 27 percent in the first quarter of 2010 from last year and also exceeded throughput in the same 2008 period before recession hit global trade, the Sri Lanka Ports Authority said. “I firmly believe that our service is the major order qualifying and the order […]
Sri Lanka apparel exporter cuts chemical use, costs
Apr 26, 2010 (LBO) – Brandix, one of Sri Lanka’s top apparel exporters, said it aims to cut chemical use by about a quarter and reduce costs through a deal with a German supplier that will also reduce pollution. Brandix Group said in a statement the deal to trial the ‘Chemical Leasing’ (ChL) concept methodology […]
Sri Lankan airlines says delayed passengers given seats
April 26, 2010 (LBO) – Sri Lankan Airlines said it had given seats to all passengers to Europe who were held up after the continent closed its airspace by using extra flights and will resume its normal schedule this week. The last extra flight would leave Colombo on Wednesday April 28. SriLankan flies 19 times […]
Tele Group
Apr 26, 2010 (LBO) – Sri Lanka Telecom group profits fell 36 percent to 604 million rupees in the March quarter from a year earlier, but had returned to profits from a loss in the December quarter, interim accounts showed. Group revenue grew 3.0 percent to 12.2 billion rupees, while revenues of the standalone company […]
Competition
Apr 26, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit lost mobile phone subscribers in 2009 amid intense competition in the market, according to the group’s annual report released to the Hong Kong stock exchange. The number of mobile phone subscribers of Hutchison Telecom Lanka shrank by 12 percent to 779,000 although it continued […]
Sri Lanka desperate to add Twenty20 to collection
April 25, 2010 (AFP) – Sri Lanka, world champions in the 50-over format in 1996, are desperate to add the Twenty20 title to their collection in the Caribbean after a series of near-misses. Captain Kumar Sangakkara’s men lost the World T20 championship by eight wickets to Pakistan at Lords last year. Two years earlier, the […]