Category: Industry
‘s biggest
JAKARTA, December 30, 2009 (AFP) – China and Southeast Asia establish the world’s biggest free trade area (FTA) on Friday, liberalising billions of dollars in goods and investments covering a market of 1.7 billion consumers. Eight years in the making, the ASEAN-China FTA will rival the European Union and the North American Free Trade Area […]
Sri Lanka Brandix says price cuts helped apparel sales
Dec 30, 2009 (LBO) – Sri Lanka’s Brandix group, which supplies top Western fashion brands, said price cuts had helped increase apparel sales despite a global slump in demand. Prices across all categories from men’s underwear, commodity, fashion and best price panties, fashion bras, lounge wear and woven pants, had fallen by 10 to 27 […]
Broadband Probe
Dec 30, 2009 (LBO) – Sri Lanka’s telecom regulator has begun investigations on broadband speeds advertised by telcos after a private research study found them exaggerating available bandwidth to surfers, a senior official said. Sri Lankan telcos deliver 75 percent of advertised speeds in the last mile of the network. LIRNEAsia said broadband providers in […]
Fuel Cost
Dec 29, 2009 (LBO) – Sri Lanka’s state-owned refiner, the Ceylon Petroleum Corporation, said it will cut fuel prices from midnight Tuesday. It said in a statement that the price of a litre of 90 Octane petrol will be reduced to 115 rupees from 130 rupees now while 95 octane petrol will be sold at […]
Slow Connections
Dec 29, 2009 (LBO) – Sri Lanka is the most uncertain market among South Asian countries for new telcos, while Pakistan has the most transparent process for entry and spectrum, despite high fees, a study has found.“Pakistan is the most expensive to enter in South Asia, but it’s the most transparent,” Helani Galpaya, chief operating […]
Sri Lanka draws more cruise ships
Dec 29, 2009 (LBO) – The Sri Lanka Ports Authority said the cruise ship ˜Discovery’ of the Voyages of Discovery cruise line called at Colombo port as part of a cruise tourism revival with the end of the island’s ethnic war. The cruise line is now owned by UK-based All Leisure Group which is also […]
Taking Care
Dec 29, 2009 (LBO) –Sri Lanka’s government must ensure adequate funding for road maintenance to prevent newly built and repaired roads deteriorating to previous levels, the Asian Development Bank has said. The bank, which has spent millions of dollars on roads in the island, said in a report its Road Sector Development Project (RSDP) had […]
’s Sangakkara signs for Lancashire
LONDON, December 28, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara will be Lancashire’s overseas player next season, the English county announced Monday.The 32-year-old Sangakkara, one of the world’s leading batsmen, will arrive at Old Trafford once he has completed his international commitments at the World Twenty20 in the Caribbean and at the proposed Asia […]
Transport Links
Dec 28, 2009 (LBO) – Aramex, a global transportation and logistics services company, has set up a joint venture with Delmege Forsyth Group, one of Sri Lanka’s oldest business houses, the two firms said in a statement.The joint venture company, Aramex Delmege Logistics, will provide a range of supply chain services, including warehousing and distribution, […]
Liner Moves
Dec 28, 2009 (LBO) – The Sri Lanka Ports Authority said it has managed to win back the custom of Mediterranean Shipping Company (MSC), a global container shipping line.SLPA chairman Priyath Wickrama said improved efficiency and productivity demonstrated by the JCT staff helped win back the MSC service.MSC’s ‘Golden Gate Pendulum Service’ began weekly calls […]
Sri Lanka-India one-dayer abandoned over poor pitch
NEW DELHI, December 27, 2009 (AFP) – Unfit pitch conditions at the Ferozeshah Kotla stadium forced the fifth and final one-day international between India and Sri Lanka to be abandoned on Sunday. Sri Lanka, sent in to bat, were 83-5 in the 24th over when the umpires stopped play after a ball from debutante seamer […]
Port Industries
Dec 25, 2009 (LBO) – Sri Lanka’s cabinet of ministers has kicked off the process to bring private enterprises to a new industrial port in Hambantota in the south of the island, the government’s information office said.The first phase of the port, which is being financed and built by China also includes a bunker terminal […]