Category: Industry
EU says it does not want Sri Lanka to lose GSP+ trade deal
Sept 22, 2008 (LBO) – A senior European Union official said it does not want Sri Lanka to lose GSP+ trade concessions but the island must meet eligibility criteria to continue duty free market access to Europe under the deal. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
High Risk
Sept 22, 2008 (LBO) – Police are trying to track down a Sri Lankan businessman who has fled abroad after duping thousands of people into depositing money with his firm by promising high returns. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Thousands of distraught depositors have […]
Sri Lanka selections for Canada Cup hit by selection row
September 21, 2008 (AFP) – A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said Sunday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Sports Minister Gamini Lokuge told AFP he was considering a […]
Selection row hits Sri Lanka selections for Canada Cup
September 21, 2008 (AFP) – A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said Sunday. Sports Minister Gamini Lokuge told AFP he was considering a complaint from batsman Indika de Saram who had complained after not being selected for the team to play […]
‘s south lose power on exploding transformer
Sept 18, 2008 (LBO) – Southern parts of Sri Lanka lost power last night after a transformer at a hydro power complex in the island’s central hills exploded and caught fire, an official at the country’s power utility said.A voltage transformer at a switchyard in the Laxapana hydro-power complex had exploded at 9.16 pm in […]
Sri Lanka Insurance gets AA- rating from RAM
Sept 19, 2008 (LBO) – Sri Lanka Insurance Corporation Ltd (SLIC) has been rated ‘AA-‘ by RAM Ratings, with a ‘stable’ outlook, saying the firm is well capitalized, has kept full required reserves but disclosures could improve. “The rating is supported by the company’s strong competitive position and unparalleled capitalisation as well as the size […]
Magic Cup
Sept 19, 2008 (LBO) – The Sri Lanka unit of Leo Burnett Worldwide, an advertising agency, said it had won a medal at a regional award for marketing effectiveness, held in Macao.The Asian Marketing Effectiveness Awards, now in its sixth year, has given 10 golds, 18 silvers and 20 bronzes this year for 628 entries […]
Sri Lanka hopes wildlife glories will attract new tourists
SIGIRIYA, September 19, 2008 (AFP) – With wetlands and jungles teeming with colourful butterflies and exotic primates, Sri Lanka is planning to lure a new type of tourist who prefers wildlife to beach life.The critically endangered purple-faced leaf monkey can occasionally be spotted in Colombo’s suburbs, while the brown saucer-eyed loris lives in the island’s […]
Growth Spurt
Sept 18, 2008 (LBO) – Sri Lanka’s Mobitel, a unit of fixed access operator Sri Lanka Telecom says its customers would increase by 300,000 to 2.4 million by year-end with a package aimed at state-workers selling rapidly.Mobitel chief executive Suren Amarasekera says the firm is issuing over 10,000 connections a day following the launch of […]
Pirates Ahoy
NAIROBI, September 18, 2008 (AFP) – Pirates seized another ship off the Somali coast in the Indian Ocean, a maritime official said Thursday. Andrew Mwangura of the Kenyan chapter of the Seafarers Assistance Programme said the “Great Creation” was hijacked on Wednesday but added further details on its origin, crew and destination were not immediately […]
Sri Lanka July trade gap widens, tea boosts export earnings
Sept 17, 2008 (LBO) – Sri Lanka’s export earnings in July 2008 went up 24. 1 percent to a record 849 million US dollars from a year ago, boosted by agricultural exports, especially tea, the central bank said Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
‘s roots run deep in Asia
SINGAPORE, September 17, 2008 (AFP) – AIG has deep roots in Asia, and the troubled insurance giant is now trying to reassure millions of policyholders and tens of thousands of employees in the region that it will survive. Speaking before the Fed announced its rescue plan, Tey said a rush to liquidate policies is an […]