Category: Industry
Sri Lanka to study nuclear power feasibility
Jan 21, 2010 (LBO) – Sri Lanka is seeking Korean help to study the feasibility of starting a nuclear power plant in the island, power and energy ministry secretary M M C Ferdinando said. “We are discussion with the government of Korea (South) to implement nuclear power in Sri Lanka,” secretary Ferdinando told reporters Wednesday. […]
Sri Lanka exports fall 5.0-pct in November
Jan 20, 2009 (LBO) – Sri Lanka’s exports fell 5.0 percent in December from a year earlier, with industrial exports falling 12.2 percent, though agricultural exports were up 23.7 percent, the Central Bank said. During the 11 months to November exports were down 14.7 percent to 6,361.1 million US dollars, imports were down 31. 9 […]
Sri Lanka to get solar power plant from Korea
Jan 20, 2010 (LBO) – Sri Lanka is getting a 500 kiloWatt solar power plant from Korea which will be built in Hambantota in the south of the island and used to gain more knowledge on operating the technology , officials said. The plant will be run by the Sri Lanka Sustainable Energy Authority, which […]
India, Sri Lanka, Maldives run scrapped by Greek cruise line: report
Jan 19, 2010 (LBO) – Louise Cruises, a Greece based line which started a service running out of India to Sri Lanka and Maldives was pulling out after suffering losses due to high cost of operating out of Indian ports, media report said. The company was laying of 200 or relocating 200 crew hired for […]
Tax Plan
Jan 19, 2010 (LBO) – Sri Lanka is looking to reduce taxes on banks over the next few years allowing banks to generate more funds to recapitalize, as the economy is poised for a growth phase after the end of a 30-year war, an official said. “Over the next five years banks have to devise […]
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 […]