Category: Industry
‘s Hikkaduwa tourist hotspot chockfull at beach fest
Aug 14, 2008 (LBO) – A beach festival in Sri Lanka’s Hikkaduwa coastal tourist town has filled up hotels to full capacity and set the stage for an annual event that will attract young people from the region, the island’s tourism authorities said. Managing Director of Sri Lanka Tourism Promotions Bureau Dileep Mudadeniya says more […]
Coin Issue
Aug 14, 2008 (LBO) – Sri Lanka will issue special coins commemorating the runner-up of the last cricket world cup, an official said.Sri Lanka’s central bank will issue a Nickel plated steel coin with a denomination of 5 rupees and depicting a bowler. A brass plated steel coin with a face value of 1,000 rupees […]
Low Tones
Aug 13, 2008 (LBO) – Profits at Sri Lanka’s Dialog Telekom group, a unit of Telekom Malaysia, fell 78 percent in the June 2008 quarter to 537 million rupees, according to interim accounts filed with Colombo Stock Exchange. The unit had lost 196.4 million for the six months, down from 349 million rupees for the […]
Harbour Move
Aug 13, 2008 (LBO) – The chairman of the Sri Lanka Ports Authority (SLPA) Saliya Wickramasuriya has been asked to resign, Sri Lanka’s ports and aviation minister Chamal Rajapaksa said. Shipping lines complain of delays in navigation because of the closure of the port’s northern entrance owing to security concerns. They also complain of delays […]
No Crisis?
PARIS, August 12, 2008 (AFP) – Oil demand is slowing sharply in advanced economies as people ease up on driving, supplies are rising and the market is set to cool well into next year, the IEA said on Tuesday. But it is too soon to declare the price boom over for now, the IEA warned, […]
Gas Dates
Aug 12, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation’s (CPC) entry into liquid petroleum gas (LPG) retailing has been pushed to December due to procurement delays, an official said. CPC runs a 50,000 barrels a day refinery, and is the island’s largest petroleum distributor with more than two thirds of the petrol and […]
India fail to crack Mendis mystery
August 12, 2008 (AFP) – India, reflecting on their Test series loss to Sri Lanka, have reason to believe they were beaten not so much by their hosts as by unorthodox spinner Ajantha Mendis, who remained an unfathomable mystery.The 23-year-old army officer badly bruised India’s batting pride during his team’s 2-1 victory in the series […]
Sri Lanka Brown & Co eyes energy saving market
Aug 12, 2008 (LBO) – Household goods retailer Brown & Company plans to import and promote energy efficient electrical items from India to meet growing demand in Sri Lanka where electricity costs are among the highest in the region. Brown & Company has signed an agreement with Indian electrical appliance manufacturer Havells to import energy […]
Twin Growth
Aug 12, 2008 (LBO) – It’s easy to miss the business strategy behind a glitzy re-launch of Sri Lanka Telecom’s wire-line services, as the island’s only copper wire networked telco kicked off a new campaign, cutting connection charges. Broadband, or fast internet access, is a high growth area for SLT together with mobile services. Mobitel, […]
Fishing Support
August 12, 2008 (LBO) – The United States has finished re-building the third fishery harbour in southern Sri Lanka which was hit by the 2004 Asian tsunami, the US embassy in Colombo said.USAID has also helped renovate the Hikkaduwa and Mirissa fishery harbours as part of a 5 million US dollar project, helping a total […]
On Board
Aug 12, 2008 (LBO) – The rapid growth of the world’s shipping fleet is opening up employment opportunities for Sri Lankan seafarers but training is constrained by a shortage of berths for cadets to get seagoing experience, officials said.The worldwide shortage of officer grade seafarers is growing and with more ships being built at a […]
Disputed Charge
Aug 12, 2008 (LBO) – Sri Lankan shippers have rejected the report of a mediation committee that probed a dispute over cargo handling charges in Colombo port, saying the matter remains unresolved. The council, an apex body representing the island’s exporters and importers, has waged a long campaign against the terminal handling charge imposed by […]