Category: Industry
Sri Lanka to increase diplomatic representation in China
Aug 05, 2009 (LBO) – Sri Lanka will open a consulate in Chengdu, following the opening of a consulate in Shanghai, increasing the island’s diplomatic representation in China, the foreign ministry said. Foreign minister Rohitha Bogollagama who met visiting vice-governor of China’s Yunan province Gao Feng who was accompanied by a trade delegation. Minister Bogollagama […]
Tele Moves
Aug 05, 2009 (LBO) – India’s Bharti Airtel is planning to bid for Sri Lanka’s Tigo network which has been put on sale by its parent, Millicom International Cellular, a media report said. “Millicom’s Asian assets are potentially interesting for VimpelCom, because they are based in the region that VimpelCom views as the main strategic […]
Flu Epidemic
RIYADH, August 4, 2009 (AFP) – A Sri Lankan man and a Saudi teenager suffering from a heart defect have died from swine flu, raising the country’s flu death toll to six, the Saudi health ministry said on Tuesday.The Sri Lankan man, 32, was found dead in his hotel room on Monday, while the 15-year-old […]
Car Carrier
Aug 05, 2009 (LBO) – Global car carrier Höegh Autoliners has resumed calls at Colombo port, the Sri Lanka Ports Authority (SLPA) said.A new port being built in southern Hambantota will have space fpr vehicle transhipment and assembly operations, he said. “We could see many lines arriving here for Ro-Ro (roll on-roll off) operations in […]
Pakistan bosses under fire after SLanka defeat
KARACHI, August 4, 2009 (AFP) – Former players Tuesday called for a major shake-up in Pakistani cricket after the national side lost the five-match one-day series against Sri Lanka 3-0. Sri Lanka, who won the preceding three-Test series 2-0 to post their first home series win against Pakistan, crushed Pakistan by six wickets on Monday […]
Sri Lanka in bid to push up hotel room rates
Aug 04, 2009 (LBO) – Sri Lanka plans to impose minimum room rates for hotels in and around the capital Colombo to push up prices following the end of a war which has made the country safer for tourists, government officials said. Bernard Goonetilleke, chairman of Sri Lanka Tourism, the tourism promotion agency, said the […]
Good Quarter
Aug 04, 2009 (LBO) – Sri Lanka’s Pan Asia Banking Corporation (PABC) June quarter profits shot up 346 percent on strong net interest income and higher fee income despite rising bad loans, interim results showed. In the first six months of 2009, the banks performing loan book was up 12.2 percent to 10.66 billion rupees, […]
Bank Trends
Aug 04, 2009 (LBO) – Sri Lanka’s Hatton National Bank (HNB) said group net profit shot up 76 percent to 996 million rupees in the June 2009 quarter from a year ago as interest margins improved but loan growth slowed. The balance sheet showed a steep 330 percent increase in holdings of government securities to […]
Repair Job
Aug 04, 2009 (LBO) – Sri Lanka’s Colombo Dockyard said it is getting more business in repairing offshore support vessels for the oil industry and has dedicated two docks for the work.Company officials said profit margins are higher on ship repairs as it involves more value addition and less material than in building new vessels. […]
Freight Move
Aug 04, 2009 (LBO) – A plan to move containers by rail in Sri Lanka and reduce congestion on roads has finally got moving with the state-owned railay making it a priority, a senior official said.“It is our number one priority in future plans,” said P P Wijesekera, General Manager of the Railways Department. “The […]
Trade Links
Aug 03, 2009 (LBO) – A professional body representing Sri Lanka’s transport and logistics sector said it plans to get industry professionals together to lobby for better connectivity and less red tape. “With the end of 30 years of turmoil we’re now in a position to contribute significantly to develop many areas affected by war.” […]
‘s ton
DAMBULLA, August 3, 2009 (AFP) – Mahela Jayawardene hit his first one-day century in two years as Sri Lanka thumped Pakistan by six wickets on Monday to grab a winning 3-0 lead in the five-match series. The former captain made 123 and shared an opening stand of 202 with Upul Tharanga (76) as the hosts […]