Category: Industry
Broad Backbone
Sept 08, 2008 (LBO) – Sri Lanka is planning an optical fibre backbone to take broadband internet access to rural areas of the island, with the infrastructure to be built as a public private partnership, an official said.Sri Lanka Telecom, the island’s largest fixed access firm has been laying fibre optic ring around the capital […]
Best Prices
Sept 08, 2008 (LBO) – Sri Lanka cellco Mobitel, a unit of fixed access carrier Sri Lanka Telecom is readying to call proposals to buy international bandwidth from cheaper suppliers, because its parent was too expensive, an official said.“We are not happy with the prices they extend to us,” Mobitel chief executive Suren Amarasekera told […]
Bunker Deadline
Sept 08, 2008 (LBO) – Sri Lanka’s Supreme Court has given the bunkering unit of John Keells Holdings (JKH) till September 12 to vacate a tank farm, and the company has been ordered to pay compensation to workers, lawyers said. LMS earlier sought and received time till September 10 to take away its oil stocks […]
Pathbreakers II
Sept 07, 2008 (LBO) – Sri Lanka’s educational reality series, Pathbreakers by ETV has planned its second season named ‘Aspirations Conquest’ with a tie up with Aspirations Education centre, the organizers said. The show will consist of 11 episodes that will telecast over the months of October, November and December in the year 2008. In […]
Lending Trends
Sept 07, 2008 (LBO) – Sri Lanka’s Union Bank has reported strong loan growth in the six months ending June 30, bucking the industry trend, although net profit fell marginally, according to published results and a bank statement. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Performing […]
Tele Tower
Sept 05, 2008 (LBO) – An iconic telecom tower to be built in Sri Lanka’s capital Colombo may cost about 10 billion rupees (92 million US dollars) and the government wants to make it a private-public partnership, an official said.The government has said the tower could be used by television, radio and telecom firms to […]
Closer Links
Sept 05, 2008 (LBO) – Trade experts have proposed reviving sea and rail links between Sri Lanka and the Indian sub-continent as part of greater regional connectivity moves required to improve trade in the region. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Transport costs outweigh trade […]
Bigger Chunk
Sept 05, 2008 (LBO) – Sri Lanka’s John Keells Holdings has raised its stake in South Asia Gateway Terminals (SAGT) to 37.97 percent by acquiring a 4.22 percent tranche from the Asian Development Bank (ADB). JKH said it had paid 4.41 million US dollars (475 million Sri Lanka rupees) when ADB exercised a put option […]
Upgrade Plan
Sept 05, 2008 (LBO) – The Sri Lanka Ports Authority plans to upgrade an aging bunker fuel storage facility it is taking over from a private firm, senior officials said. The SLPA’s approach will be to have cost-based tariff to encourage the facility’s use by suppliers and ensure greater competition in the supply of ship […]
Sri Lanka demographic changes excites insurer
Sept 04, 2008 (LBO) – Demographic changes in emerging Asian nations like Sri Lanka and rising prosperity is presenting new growth opportunities for insurers to grow and introduce increasingly sophisticated products, a top regional insurance official said. But India and China are the big growth areas of the region. In the first half of 2008, […]
Migrant Workers
KUWAIT CITY, September 04, 2008 (AFP) – Kuwait’s parliament is to hold an emergency session on September 10 to debate violent protests by foreign workers over pay and living conditions, speaker Jassem al-Khorafi said.Khorafi said he received a request signed by 35 MPs in the 50-member parliament to recall the house from its summer recess […]
Supply Breakdown
Sept 04, 2008 (LBO) – Bunker oil stocks at Colombo are running low with a pending hand-over of a tank farm by the largest supplier to the port, and fresh stocks only due in mid-September, shipping officials said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]