Category: Industry
Iran to buy more Sri Lankan tea: government
April 14, 2010 (AFP) – Iran plans nearly to double its purchase of Sri Lankan tea, the island’s main export commodity, Sri Lanka’s government said Wednesday, announcing a move that could boost tea prices. Sri Lanka’s tea promotion board said they expected the Iranian move to further strengthen prices, which have risen by 29. 47 […]
Sri Lanka exporters demand streamlined customs
Apr 13, 2010 (LBO) – Sri Lankan exporters have called for more streamlined customs clearance to help reduce costs and be more competitive in overseas markets. Although clearing facilities are available for airfreight cargo round-the-clock, seven days of the week, “in regard to other cargo only perishable cargo is provided such a facility,” the NCE […]
Sri Lanka state power, petroleum utilities could be listed: Central Bank
Apr 13, 2010 (LBO) – Units of Sri Lanka’s state petroleum and power utilities could be listed in the Colombo Stock exchange to broad base their ownership and make them more transparent and accountable, the Central Bank has said. Last year the state-run Ceylon Petroleum Corporation had lost 12. 3 billion rupees partly due to […]
‘s tennis star Mirza
HYDERABAD, April 12, 2010 (AFP) – Pakistani cricketer Shoaib Malik and Indian tennis star Sania Mirza married Monday after a troubled engagement in a union that bridges the two nations’ bitter sporting and political divide. The wedding was the final chapter in a complex and often contradictory saga during which Malik consistently denied claims by […]
Bunker Business
Apr 12, 2010 (LBO) – Indian Oil Corp’s Sri Lankan unit aims to expand bunker sales by selling fuel to ships passing the island, a much bigger market than the vessels which call at Colombo port, officials said. With bunker prices falling and the price difference between Colombo and Singapore narrowing, more ships have begun […]
Re Poll
April 11, 2010 (AFP) – Sri Lanka will rerun voting at 18 polling booths where last week’s parliamentary election was affected by violence, officials said Sunday. The elections department cancelled voting at the booths in two electoral districts after allegations of intimidation and other violence. The final official results have yet to be declared because […]
Sri Lanka exports down in January as apparel shipments fall
Apr 08, 2010 (LBO) – Sri Lanka’s exports fell in January 2010 owing to a sharp fall in apparel shipments, the island’s main industrial export, despite higher agricultural export earnings, interrupting a recovery in the export sector, the Central Bank said. The bank said in a statement that exports fell 3. 9 percent to 472 […]
Sri Lanka March tourist arrivals up 53.7-pct
Apr 08, 2010 (LBO) – Sri Lanka’s March 2010 tourist arrivals rose 53.7 percent to 52,352 from a year earlier with more visitors from Western Europe, Middle East and South Asia, tourist promotions office data showed. Arrivals from Western Europe was up 52.3 percent to 69,877, Middle East 106 percent to 7,352, South Asia 53.4 […]
Sri Lankans wireline phones drop with mobile growth
Apr 17, 2010 (LBO) – Use of wireline phones, supplied only by the listed Sri Lanka Telecom, a former state monopoly, is on the decline, with subscribers shifting to mobile phones, the latest official data showed. The number of mobile connections increased by 25.9 percent to 13.9 million in 2009 from the year before, while […]
Sri Lanka plans $230mn waste energy plant
Apr 07, 2010 (LBO) – A Malaysian-Bahraini joint venture, Orizon Renewable Energy, plans to invest 230 million US dollars in Sri Lanka to set up a power plant that will generate energy from solid waste, the investment promotion agency said. “It also will ensure that no more lands are allocated to landfills.” A M C […]
Outsourcing Unit
Apr 07, 2010 (LBO) – India’s MphasiS has received concessions for its outsourcing unit in the island which will employ 500 people, Sri Lanka’s state investment promotion agency said in a statement. Sri Lanka’s Board of Investment said a deal was inked between BOI chief Dhammika Perera and MphasiS Lanka Limited director M G Raghuraman […]
Offshore Supply
Apr 07, 2010 (LBO) – The Sri Lankan unit of international ship supply firm GAC plans to expand its business with the acquisition of more craft, a senior official said. “We plan to invest on another two supply boats,” said Walter Rodrigo, director of GAC Shipping, which has a service from the southern port of […]