Category: Industry
Sri Lanka Aitken Spence opens new Maldivian resort
April 01, 2009 (LBO) – Sri Lanka’s Aitken Spence group said it has opened its latest Maldivian luxury resort called Adaaran ˜Prestige’ Vadoo. The resort, 15 minutes by speed boat from Male’ International Airport, has 50 villas including six Japanese concept rooms on the ocean, a company statement said. The company said each villa comes […]
Fresh Equity
April 01, 2009 (LBO) – A one-third stake in Sri Lanka’s Seylan Bank being offered to new investors by the regulators will be in new shares with the cash going into boost the capital of the bank. Ceylinco group currently owns a 24 percent stake of Seylan bank’s voting stock while its board manages several […]
Top Marks
April 01, 2009 (LBO) – The Commercial Bank of Ceylon has been adjudged Sri Lanka’s ˜Best Bank’ for the 11th successive year by the financial publication Global Finance (USA), a company statement said. The ranking comes in a year when some of the best banks of previous years have lost their places to competitors due […]
Bank Promotions
April 01, 2009 (LBO) – Sri Lanka’s central bank said it has promoted four Assistant Governors, Rose Cooray, K G D D Dheerasinghe, Uthum Herat and D S Wijesinghe to the post of Deputy Governor.Cooray’s promotion was with effect from March 13 while the others will be promoted in May and July 2009. “These promotions […]
Missing Miles
April 01, 2009 (LBO) – Sri Lanka is in talks with the Asian Development Bank on ways to raise funds to build the last stretch of a key highway linking the island’s south with the capital Colombo, a senior ADB official said.The highway, meant to link the capital Colombo with the town of Matara in […]
Health Support
March 31, 2009 (LBO) – The US Agency for International Development (USAID) has given equipment and basic medical supplies to Sri Lanka’s health service for use in the north of the country, the US embassy in Colombo said. Sri Lanka’s health ministry will distribute these supplies to hospitals in Vavuniya, Mannar, Trincomalee, and Anuradhapura, where […]
Sri Lanka, Nepal mull tourism, air links
Mar 31, 2009 (LBO) – Sri Lanka and Nepal are discussing joint tourism packages that combine the attractions of Himalayan hikes with Indian Ocean beaches, the island’s international trade minister Gamini Lakshman Peiris said.Collective action by south Asian countries such as broadening trade in services like tourism could help them better cope with the effects […]
Card Terminals
Mar 31, 2009 (LBO) – Sri Lankan teleco Lanka Bell and EPIC Lanka Technologies, an information technology firm has tied up to provide wireless point of sale terminals to acquire credit card transactions. EPIC Lanka is an 11-year old company dealing in secure electronic payments and information systems security. Lanka Bell operates a fixed access […]
Sri Lanka allays private sector fears over trade deals
Mar 30, 2009 (LBO) – Sri Lanka’s government recognises private sector fears of non-tariff barriers in bilateral trade deals and will not open up the economy against its wishes, a senior minister said.The free trade deal with India, for instance, recognised the asymmetric character of the economic ties between the two countries given their differences […]
Sri Lanka airport firm gets new boss
Mar 30, 2009 (LBO) – The Sri Lankan government has appointed Prasanna Wickramasuriya as the new chairman of Airport and Aviation Services Ltd., which runs the island’s airports, from Tuesday, an official said.Airport and Aviation Services also provides air traffic control services and manages the Sri Lanka airspace as well as the Colombo flight information […]
Growing Pool
Mar 30, 2009 (LBO) – Sri Lanka’s software export industry said it is trying to promote the island as a BPO (business process outsourcing) destination for finance and accounting outsourcing (FAO). The Sri Lanka Association of Software and Service Companies (SLASSCOM) and the Information and Communication Technology Agency recently held meetings in London and Barcelona […]
Branching Out
Mar 30, 2009 (LBO) – Sri Lanka’s Nations Trust Bank (NTB), a unit of John Keells Holdings, is growing its personal banking small business segments to maintain above industry average growth rates during the next four years, an official said. Last year, the bank went through a behind-the-scenes transformation introducing a number of products as […]