Category: Industry
Sri Lanka invites bids for coal
July 22, 2009 (LBO) – Sri Lanka has invited bids to supply 2.4 million metric tomes of coal for the country’s first coal power plant built by state-run Ceylon Electricity Board, which is scheduled to be commissioned next year.Lanka Coal Company (Private) Ltd, a specially incorporated company for coal procurement, said in a advertisement in […]
Sri Lanka tries solar power to pump water in remote villages
July 22, 2009 (LBO) – Use of solar power to pump water in remote Sri Lankan villages in a trial project designed by British engineers helps save fuel costs and could be replicated in other rural communities elsewhere, experts said.The project is now specifically used to rapidly re-settle people displaced by the conflict in the […]
Target Date
July 22, 2009 (LBO) – Millicom International Cellular, the parent of Sri Lanka’s Tigo celco, would complete the sale of its Asian operations by the first quarter of 2010, chief executive Mikael Grahne has said.“The disposal of our Asian assets is in progress and expression of interest have been received from a number of parties […]
Northern Links
July 22, 2009 (LBO) – Sri Lanka has drawn up plans to rebuild shattered road networks in the north and east costing over 750 million dollars for which it is seeking foreign funding, a senior government official said.The projects include highways linking the northern Jaffna peninsula with the south, two circular roads around the peninsula […]
Sri Lanka falter after bowling Pakistan for 299
July 21, 2009 (AFP) – Sri Lanka lost three quick wickets after they dismissed Pakistan for 299 on the second morning of the third and final cricket Test here on Tuesday.Malinda Warnapura was bowled first ball by Umar Gul and Tharanga Paranavitana was removed in similar fashion by Pakistan captain Younus Khan to make Sri […]
Sri Lanka air force launches commercial flights
July 21, 2009 (LBO) – Sri Lanka’s air force has started domestic commercial flights using aircraft freed from regular transport missions to support government troops with the end of the war against Tamil Tigers.Regular commercial flights to Jaffna began after the Tigers cut off the land route to the peninsula and are still in demand […]
Box Trades
July 20, 2009 (LBO) – A Colombo port container terminal in which Sri Lanka’s John Keells Holdings has a big stake said its volumes hit a record monthly high in June 2009, although it was mostly low-margin transhipment traffic. “JKH management stated that it did not expect the loss of business from APL to significantly […]
Lube Fortunes
July 20, 2009 (LBO) – Sri Lanka’s Chevron unit said net profit for the June 2009 quarter shot up 45 percent to 400 million rupees from a year ago mainly because of higher margins. Chevron Lubricants Lanka said in a stock exchange filing that sales for the three months rose two percent to 2.1 billion […]
Pakistan rebuild after early shocks in final Test
July 20, 2009 (AFP) – Khurram Manzoor and Mohammad Yousuf lifted Pakistan with an unbeaten 67-run stand after Sri Lanka’s Thilan Thushara struck quick blows at the start of the third Test here on Monday. Pakistan, sent in to bat in overcast conditions by Sri Lankan captain Kumar Sangakkara, recovered from a shaky 34-2 to […]
Manzoor, Yousuf rescue Pakistan in final Test
July 20, 2009 (AFP) – Khurram Manzoor and Mohammad Yousuf narrowly missed scoring centuries as they led Pakistan’s recovery on the opening day of the final cricket Test against Sri Lanka here on Monday.Pakistan, sent in to bat in overcast conditions by Sri Lankan captain Kumar Sangakkara, collapsed to 34-2 within the first hour as […]
High Velocity
July 20, 2009 (LBO) – Sri Lanka’s Millennium Information Technologies (MillenniumIT) said it has launched a super-fast trading platform based on Intel processors to help securities exchanges cope with increasing trading volumes.The statement by MillenniumIT, which provides software to the global capital markets industry, claimed the new product is the world’s fastest trading platform. “Today, […]
Missed Connections
July 20, 2009 (LBO) – Better transport infrastructure and services linking northern Sri Lanka with the south would help to bridge the ethnic divide after the end of the war, transport experts said.Had such links existed before the conflict began 30 years ago, they might have helped prevent the war by Tamil Tigers for a […]