Category: Industry
Re-branded Sri Lanka Hemas tour unit eyes Maldives after Diethelm tie
Sept 01, 2008 (LBO) – Sri Lanka’s Hemas group says its tour operating unit will be more active in the Maldives after a tie-up with Zurich based Diethelm Travel Group (DTH). Hemtours says it has been in business for more than 30 years. DTH is a subsidiary of Diethelm Keller Holdings, headquartered in Zurich, a […]
Changing Guard
Sept 01, 2008 (LBO) – A former senior general manager of Commercial Bank of Ceylon, Harris Premaratne will head Sampath Bank, with the retirement of the current chief executive, the firm said in a stock exchange filing. Current chief executive Anil Amarasuriya will continue till December 2008 with Premaratne assuming duties as chief executive officer […]
Land Use
Sept 01, 2008 (LBO) – Colombo port could reclaim land in shallow waters near the Sri Lankan capital city for industry and move containers by rail to avoid congestion as it expands the harbour, an expert says.The government has started building or plans several new roads to connect Colombo to other big towns as well […]
Sri Lanka in consolation win against India
August 29, 2008 (AFP) – Nuwan Kulasekara wrecked India’s top order with a career-best haul of 4-40 to bowl Sri Lanka to a consolation 112-run victory in the fifth and final one-day international here on Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India, who already […]
Standard Rating
Aug 29, 2008 (LBO) – Sri Lanka’s Standard Chartered Bank (SCBSL) branch has been given a AAA(lka) rating with a ‘stable’ outlook, Fitch Ratings said. Fitch said the rating reflected the financial strength of Standard Chartered A+ international rating which is higher than the B+ sovereign foreign currency rating of Sri Lanka. Fitch said the […]
Sri Lanka aviation expert slams govt international airport plan
Aug 29, 2008 (LBO) – Sri Lanka risks losing a race with south Indian airports to become an aviation hub in south Asia owing to misguided plans by politicians to build a second international airport, an aviation expert has warned. As this requires that the largest aircraft should be able to land, a runway 4,000 […]
Dealer Rating
Aug 28, 2008 (LBO) – Fitch Sri Lanka said it had downgraded the national long term rating of First Capital Treasuries, a primary dealer in government securities, to ‘A- (lka)’ from ‘A(lka)’ and also withdrawn the rating at the request of the company. “FCT was the only independent primary dealer to have carried a rating […]
Port Move
Aug 29, 2008 (LBO) – The chairman of the Sri Lanka Ports Authority (SLPA) Saliya Wickramasuriya said he will be resigning from his post for personal reasons at the end of this month. It was not immediately clear who his successor would be.Wickramasuriya said ports and aviation minister Chamal Rajapaksa had accepted his letter of […]
‘s India
August 27, 2008 (AFP) – India survived Sanath Jayasuriya’s explosive half-century to clinch the series against Sri Lanka with a 46-run victory in the fourth one-day international here on Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India restricted the hosts to 212 under lights after […]
Soft Connection
Aug 28, 2008 (LBO) – Microsoft is training Sri Lankan migrant workers in information technology skills to improve their employability and keep in touch with their families at low cost, the IT giant’s Sri Lanka office said.Microsoft says its five day IT training course is also expected to become a compulsory addition to a two-week […]
Telecom Icon
Aug 28, 2008 (LBO) – Sri Lanka will build a state-sponsored 250 metre tall common broadcast tower for television, radio and telecom firms, information minister Anura Yapa said.All telecom operators would be allowed to use it for a fee. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Costly Interest
Aug 28, 2008 (LBO) – Sri Lanka’s National Development Bank (NDB) group net profit for the June 2008 quarter fell 35 percent to 363.5 million rupees, interim accounts filed with the Colombo Stock Exchange showed. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Revenue grew 14 percent […]