Category: Industry
Sri Lanka air cargo volumes hit life high in Dec 09
Jan 18, 2010 (LBO) – Cargo volumes at Sri Lanka’s main international airport have hit a life high in December 2009, topping a previous record in 2006, the island’s state-run national carrier which operates the terminal said. Sri Lankan Airlines which operates the cargo terminal at Bandaranaike International Airport in Katunayake said 23 airlines had […]
Liberty
Jan 18, 2010 (LBO) – The first part of a series of forex control relaxations announced in January will be implemented from February 01, Central Bank Governor Nivard Cabraal said. Cabraal announced a sweeping easing of existing exchange controls on January 04, as part of a monetary policy direction for 2010. Relaxation “We announced measures […]
Key Bail
Jan 17, 2010 (LBO) – Sri Lanka’s Supreme Court has granted bail to the chief executive and a director of the failed Golden Key Credit Card Company and ordered more asset seizers to repay depositors, a media report said. The Sunday Island newspaper said Kavan Perera, chief executive of Golden Key and Saradha Sumanasekera, director […]
Sri Lanka power generation, diesel sales up in October
Jan 15, 2010 (LBO) – Sri Lanka’s power generation rose 3.9 percent in August 2009 to 856 GigaWatt hours from a year earlier, with hydro power increasing its share, and diesel sales were also up the latest official data showed. Sri Lanka’s power generation contracted in the first half of the year in line with […]
No Sale
Jan 15, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit will stay with the group, with new investments planned to increase coverage, while the parent is being de-listed from the Hong Kong stock exchange, an official said. Sri Lanka’s mobile market is shared between Dialog Telekom, a unit of Malaysia’s Axiata, Mobitel a unit […]
Cyber Attack
WASHINGTON, January 15, 2010 (AFP) – Microsoft said Thursday that a security vulnerability in its Internet Explorer browser was used in cyberattacks which prompted Google to threaten to shut down its operations in China. Reavey stressed that Microsoft “has not seen widespread customer impact, rather only targeted and limited attacks exploiting (Internet Explorer 6).” Changing […]
Best Practice
Jan 15, 2010 (LBO) – Sri Lanka’s human resource (HR) practitioners will battle for ‘HRM Awards 2010’ which acknowledges and rewards best practices in the profession, to be held in May, an official said. HRM Awards is organized by the Association of Human Resource Professionals (HRP), Sri Lanka and will be held for the fourth […]
Under Fire
WASHINGTON (AFP) – Federal Reserve chairman Ben Bernanke said Thursday the US central bank should keep its role as a regulator of the banking system as a way to promote financial market stability. Bernanke added that the Fed “cannot and should not” be responsible for regulating the entire financial system, which including nonbanking firms such […]
Sri Lanka wins tri-series beating India
DHAKA, January 13, 2010 (AFP) – Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to guide Sri Lanka to a four-wicket win over India in the triangular one-day series final here on Wednesday. Jayawardene top-scored with an unbeaten 71 and skipper Sangakkara made a brisk 55 as Sri Lanka passed India’s 245 with nine balls […]
Sri Lanka flights filling up: Etihad Airways
Jan 14, 2009 (LBO) – Abu Dhabi based Etihad Airways is seeing growth in traffic after it resumed services to Colombo with tourist arrivals also expected to pick after a 30-year war ended in the island, officials said. The airline is also banking on an upturn in tourist traffic after a 30-year war ended last […]
Ship Sale
Jan 13, 2010 (LBO) – Sri Lanka’s Mercantile Shipping Company is selling one of it ships, merchant vessel ‘Safmarine Soyo’, the firm said in a stock exchange filing. The vessels were ordered from Bodewes Ship Yard in the Netherlands by Mercantile Emerald Shipping (Pvt) Ltd, a fully owned subsidiary of Mercantile Shipping Co. The firm […]
Handling Record
Dec 13, 2009 (LBO) – Sri Lanka’s privately owned South Asian Gateway Terminals at Colombo port handled a record high volume of containers despite a global economic slump which reduced shipping volumes worldwide, data released by the firm showed. The other is state owned Jaya Container Terminal (JCT), the port’s main transshipment facility, has seen […]