Category: Industry
Sri Lanka electricity use safer with new square pin plugs: PUCSL
Sep 13, 2016 (LBO) – Sri Lanka’s power regulator announced the implementation of national standard for plug and socket outlet in Sri Lanka for non-industrial applications with the aim of uplifting the safety of electricity consumers. Public Utilities Commission of Sri Lanka (PUCSL) said that currently different types of plugs and sockets are used to […]
Kotagala Plantations to subdivide shares after Rs800mn rights issue
Sept 13, 2016 (LBO) – Sri Lanka’s Kotagala Plantations is to raise 800 million rupees by way of a rights issue, subjected to exchange approval, the company said in a stock exchange filing. The company is to issue and list 80 million new ordinary shares at 10 rupees each in the ratio of two new […]
Sri Lankan exporters showcase at 13th China Asean Expo
Sep 13, 2016 (LBO) – Twenty five Sri Lankan exporters have represented the island at the 13 CAEXPO (China-ASEAN Expo) in Guangxi, China, as a special guest country. “We believe that Sri Lanka can showcase its products to China in a big way at 13th CAEXPO-more importantly it is an opening to ASEAN importers,” Rishad […]
CCC proposes amendments to Sri Lanka’s customs ordinance
Sep 12, 2016 (LBO) – The Ceylon Chamber of Chamber has made several proposals for the amendment of Sri Lanka’s Customs Ordinance. The Import Section of the CCC organized a seminar to discuss the proposed new customs law and the change in the current customs ordinance focusing on areas such as how the new law […]
Hanjin shipping bankruptcy to have indirect impact on Sri Lanka
Sept 10, 2016 (LBO) – The filing for bankruptcy by South Korean container shipper Hanjin Shipping will have an indirect impact on Sri Lanka with reduced space for cargo originating from the island, an industry official said. Hanjin, ranked the seventh largest globally, with 98 ships and 2.9 percent share of trade, has about 14 […]
SriLankan flights disrupted due to pilot work to rule
Sep 10, 2016 (LBO) – SriLankan Airlines said flights could get disrupted following a ‘work-to-rule’ campaign by its pilots union, protesting against the suspension of a pilot who refused a breathalyzer test. “There is a likelihood that flights will be disrupted, as we are currently calling pilots on their off days legally to support the […]
Sri Lanka Sampath Bank gets new MD
Sep 09, 2016 (LBO) – Sampath Bank Sri Lanka named Nanda Fernando as it’s new Managing Director following the retirement of Aravinda Perera. Nanda Fernando was Chief Operating Officer of the bank and has been with the bank since its founding, the bank said in a stock exchange filing. He will assume duties from 13 […]
Central Bank says no new licenses for finance companies
Sept 09, 2016 (LBO) – Sri Lanka’s Central Bank says it will not issue new licenses for finance companies and, as a result, licenses of existing companies will have a higher market value in the future. Releasing a statement, the Central Bank said this is a key factor in encouraging new investors. A good number […]
Hanjin Shipping collapse could drive up cost for businesses
Sept 09, 2016 (LBO) – South Korean container shipper Hanjin Shipping has filed for court receivership, which will increase costs for businesses and consumers that were relying on the shipping line, analysts said. Hanjin is ranked the seventh largest globally, with 98 ships and a 2.9 percent market share, and about 14 billion dollars worth […]
Sri Lanka to develop Jaffna island jetties for better connectivity
Sep 09, 2016 (LBO) – Sri Lanka’s Ports and Shipping Ministry said in order to improve the regular costal transportation services in Jaffna, measures have been taken to develop the jetties in surrounding island’s with the aid of the Navy. “The jetties are not properly maintained in every island,” a ministry statement said. “Piers and […]
Maldives calls Sri Lanka to bid for housing, hospitals and power projects
Sep 08, 2016 (LBO) – The Maldivian High Commissioner in Sri Lanka Zahiya Zareer has invited Sri Lankan firms to invest in development projects in Maldives. “We are opening big projects for international bidding, such as airport development, housing, hospitals and renewable power projects’,” she said. “Even now there are big Sri Lankan Companies operating […]
SriLankan Airlines commissions new Global Contact Centre
Sept 08, 2016 (LBO) – SriLankan Airlines said it has launched a 24-hour Global Contact Centre which will further enhance levels of service for all its worldwide customers and members of its frequent flyer programme. Ajith Dias, Chairman of SriLankan Airlines, said: “We have sharply enhanced our focus on the needs of our customers as […]