Category: Industry
Sri Lanka to start e-commerce trials
Feb 16, 2010 (LBO) – Sri Lanka is to start test runs on extending to several government agencies a long-delayed automated documentation system for trade that allows cargo to be cleared electronically, officials said. We appeal to all other government departments to follow the Tea Board, said Athukorala. Tea exporters are saving 2.50 dollars per […]
Sri Lanka cuts online tea export documentation charge
Feb 15, 2010 (LBO) – Sri Lanka intends to cut automated tea export document processing charges, reducing costs for shippers of the island’s main export commodity and making them more competitive, officials said. Sri Lanka’s electronic export documentation project is, however, years behind schedule and exporters say the island is far behind other trading nations […]
Cell Meet
BARCELONA, February 15, 2010 (AFP) – The mobile phone industry’s biggest event opens Monday as it begins to emerge from the global economic crisis with the promise of new devices that will revolutionise the way people communicate. Global shipments of handsets had been falling every quarter since the third quarter of 2008, when the global […]
Tele Trend
Feb 15, 2009 (LBO) – Sri Lanka Dialog Telecom lost 2.2 billion rupees in the December 2009 quarter down from a 3.9 billion rupees loss a year earlier, while full year losses hit 12.2 billion rupees as the firm took large write offs during the period. Revenues had grown 12 percent from a quarter earlier […]
Net Monitoring
Feb 14, 2010 (LBO) – Sri Lanka’s telecom regulatory authority has not received orders to devise a law to control internet news websites, though monitoring cannot be ruled out in the future, a top official said. “There is nothing in the cards,” Anusha Pelpita, director general the Telecom Regulatory Commission of Sri Lanka (TRC) said. […]
New Zealand push to play Sri Lanka in USA
WELLINGTON, February 13, 2010 (AFP) – New Zealand is poised to lead the way into the potentially lucrative United States cricket market with confirmation Saturday that talks are underway to play Sri Lanka in Florida this year. A “strategic partnership” has been formed with USA Cricket which will be of commercial benefit to both parties, […]
‘s legendary doorman turns 90
Feb 13, 2010 (AFP) – In 70 years of greeting guests to Sri Lanka’s venerable Galle Face Hotel, doorman K. Chattu Kuttan has hobnobbed with everyone from royal heads of state to Bond girls and Soviet cosmonauts. In recent years, Kuttan has embraced his role as a living Galle Face institution. His distinctive neat white […]
Appointment
Feb 13, 2010 (LBO) – Sri Lanka’s central bank said P D J Fernando, a senior official with 33 year’s of experience has been appointed deputy governor. He had been assistant governor for five years, and is a director of Lankaclear, Sri Lanka’s central checque clearing house and state-run Lanka Puthra Development Bank. The Central […]
Northern Finance
Feb 13, 2010 (LBO) – Sri Lanka’s central bank is planning a 100 million US dollar re-finance fund for the northern Jaffna peninsular which is seeing an economic revival after a highway to the south was opened with the end of a decades long conflict. The Northern Regional Development Fund will channel loans to businesses […]
Sri Lanka Keells Hotels December net soars
Feb 12, 2010 (LBO) – Sri Lanka’s John Keells Hotels said net profit for the December quarter shot up 471 percent to 83 million rupees from a year ago as tourism recovered from the effects of recession and a war. Revenue rose seven percent to 1.6 billion rupees, the company, part of the John Keells […]
Sri Lanka tourist arrivals up 31-pct in January
Feb 12, 2010 (LBO) – The number of tourists visiting Sri Lanka rose sharply in January with a recovery in traditional Western European markets and more visitors from newer south Asian markets after the end of the war. Latest data from the government tourism authority showed arrivals rose 31.9 percent to 50,757 in January 2010, […]
Financial Links
Feb 12, 2010 JAFFNA (LBO) – A branch of HSBC which opened in Sri Lanka’s northern Jaffna peninsular will strengthen financial ties with the rest of the country and the world as the area recovers from a debilitating war, officials said. A 30-year war with Tamil Tiger separatists Sri Lanka’s north and east ended in […]