Category: Industry
UN View
GENEVA, December 4, 2009 (AFP) – The UN refugee agency said on Friday that it was encouraged by “increased freedom of movement” for war-displaced civilians in Sri Lanka who have been in internment camps in the north of the island. “We are encouraged by the Sri Lankan government’s long-awaited decision this week to allow increased […]
‘s century frustrates India in final Test
MUMBAI, December 5, 2009 (AFP) – Sri Lanka’s captain Kumar Sangakkara scored an unbeaten century to delay India’s victory bid in the third and final Test here on Saturday. The tourists, trailing by 333 on the first innings, survived a middle-order collapse in the post-lunch session to move to 274-6 in their second knock by […]
Sri Lanka Insurance Corp declares bonus to policyholders
Dec 05, 2009 (LBO) – Sri Lanka Insurance Corporation (SLIC) has declared a three billion rupee interim bonus to life policy holders, with another bonus likely to come before the end of the 2009 financial year, a senior official said. Insurance companies pay bonuses to life insurance policy holders if the life insurance fund makes […]
Broad Spur
Dec 05, 2009 (LBO) – Faster, cheaper broadband access, the scaling up of pilot e-projects and skills development should be top priorities for Sri Lanka’s ICT sector, says a new World Bank study. The World Bank launched its Information and Communications for Development 2009: Extending Reach and Increasing Impact report in Colombo on Friday. Improving […]
India on top despite Sehwag heartbreak
MUMBAI, December 4, 2009 (AFP) – Ruthless India left Sri Lanka fighting for survival in the final Test here on Friday after Virender Sehwag missed a world record third triple-century by seven runs.Sehwag’s 293, a robust 100 not out from skipper Mahendra Singh Dhoni and a string of half-centuries by the middle order fired the […]
Digital Divide
Dec 04, 2009 (LBO) – Sri Lanka will have to lobby to retain funding for its e-Sri Lanka initiative, as the World Bank draws up a lending program for Sri Lanka for the next three years, an official said. The World Bank currently supports the e-Sri Lanka project an initiative to improve access and use […]
‘s 284 not out floors Sri Lanka
MUMBAI, December 3, 2009 (AFP) – Virender Sehwag smashed a scintillating unbeaten double century as India turned the tables on Sri Lanka in the third and final cricket Test on Thursday.Sehwag made 284 not out to lift the hosts to 443-1 by stumps on the second day at the Brabourne stadium in reply to Sri […]
Sri Lanka to build small solar plant with Japanese aid
Dec 03, 2009 (LBO) – The Japanese government will give Sri Lanka a grant of 860 million yen or just over a billion rupees to build a 400 kiloWatt demonstration solar power plant which will be connected to the national grid.The solar project will be implemented by the Sri Lanka Sustainable Energy Authority under the […]
Ideal Spectrum
Dec 03, 2009 (LBO) – Sri Lankan telecommunications firms will begin unrolling WiMAX networks offering high-speed internet connections at lower cost in January, the island’s telecom regulator, Priyantha Kariyapperuma, said. The networks using the Worldwide Interoperability for Microwave Access (WiMAX) technology will especially benefit rural areas enabling services like telemedicine and e-learning, officials said. Sri […]
Sri Lanka cruise ship calls pick up after war
Dec 03, 2009 (LBO) – Calls by cruise ships to Sri Lanka, which were greatly reduced during the height of the ethnic war, are picking up with the latest operator to launch visits to Sri Lanka being Louis Cruises India.The number of visitors to the island picked up immediately after the war ended in May […]
Sri Lanka tea factory hotel opens under up-market brand
Dec 03, 2009 (LBO) – From abandoned tea factory to luxury resort, Aitken Spence will re-launch its successful tea factory hotel under its up-market brand ˜Heritance.’ Since its launch in 1996, the hotel which is situated on a hilltop overlooking Hethersett village, has gained a reputation for being an unusual holiday attraction. Visitors can experience […]
Sri Lanka rated telco market with highest regulatory risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings.It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash flow […]