Category: Industry
Slow Mobile
Aug 20, 2008 (LBO) – The Sri Lanka unit of Hong Kong-based Hutchison Telecom says its mobile subscribers in the island will drop after correcting an “overstatement” and tighter government registration rules in 2008. Revenue in the six months to June had risen 3.5 percent to 89 million Hong Kong dollars from 86 million dollars […]
Tight Margins
Aug 20, 20078 (LBO) – Sri Lanka’s Seylan Bank’s net profits for the quarter ended June 2008 has fallen 32-pct to 309.6 million rupees on tighter margins, interim accounts filed with the Colombo Stock Exchange showed. Total deposits were up 3.85 percent to 117.6 billion rupees. Group assets grew 3.3 percent to 162.4 billion rupees […]
Sri Lankan power users seen as too content with poor service
Aug 19, 2008 (LBO) – Sri Lankan electricity consumers are far too complacent about the poor service provided by the state power utility, an energy expert said.There was also greater need to have a new focus on energy efficiency. “Almost all industries and commercial buildings definitely have potential to save at least five percent through […]
Sri Lanka pilots among first to fly Airbus A380: Emirates
Aug 19, 2008 (LBO) – Dubai-based Emirates said two of its pilots from Sri Lanka were among the first to fly the new Airbus A380 super jumbo aircraft. Suren Ratwatte has flown the prototype aircraft registered as F-WWDD out of Airbus Industries home airfield in Toulouse France on June 18, while Suhail Hashim flew the […]
Expensive Dentists
Aug 19, 2008 (LBO) – The cost of producing a dentist in Sri Lanka is 60 percent higher than that of producing a medical doctor, while a veterinarian costs 30 percent more, government data showed.Sri Lanka’s university system, which is funded by taxes from the people, spent 1.3 million on producing a doctor, 1.6 million […]
Free Tests
Aug 19, 2008 (LBO) – Brown and Company with its associate Klevenberg private limited have launched campaign to conduct mobile emission tests on vehicles in parts of Sri Lanka, the company said in a statement. The group has conducted tests in Havelock Town in Colombo and in the suburbs of Ranala and Athurugiriya. The free […]
Sri Lanka crush spineless India
DAMBULLA, August 18, 2008 (AFP) – Mahela Jayawardene cracked a responsible half-century to guide Sri Lanka to a crushing eight-wicket victory over India in the first one-day international here on Monday.The Sri Lankan skipper scored an unbeaten 61 for his 47th half-century to help his team achieve a modest 147-run target with more than 15 […]
‘s Mendis an unusual spinner, says Dhoni
DAMBULLA, August 18, 2008 (AFP) – India one-day captain Mahendra Singh Dhoni on Monday conceded it was not easy to read Sri Lanka’s unorthodox spinner Ajantha Mendis. “When you are playing Mendis, you have to save wickets and get runs as well. It gets a bit tough. Even Murali (Muttiah Muralitharan) was difficult some time […]
Sri Lanka Unilever unit marketing models push deodorant sales
Aug 18, 2008 (LBO) – Consumer goods manufacturer Unilever Sri Lanka’s unconventional sales campaign for AXE men’s deodorant has already increased sales by 25 percent, the company said. Unilever hopes to enlarge its AXE footprint in Sri Lanka by distributing products to smaller shops and groceries. The deodorants come in two sizes and sales depend […]
Sri Lanka expert says solar energy too costly without subsidy
Aug 18, 2008 (LBO) – Solar energy is still too expensive to be used widely without government subsidies, a Sri Lankan expert has told the island’s energy-intensive industries which are grappling with the highest electricity costs in Asia.Tilak Siyambalapitiya, managing director, Resource Management Associate, said solar energy cost 60 rupees per kilowatt hour whereas now […]
Palmtop
Aug 18, 2008 (LBO) – Sri Lanka’s state-run Peoples’ Bank has started a new service with personal digital assistant (PDA) equipped officers visiting customer premises to offer banking facilities. The ‘palm-top’ banking service allows customers to open an account, make deposits, withdraw cash, apply for loans, make balance inquiries and do reversals, the bank said. […]
Openers Jayasuriya, Sehwag in explosive duel
DAMBULLA, August 17, 2008 (AFP) – Indian skipper Mahendra Singh Dhoni and Sri Lankan captain Mahela Jayawardene are looking forward to an explosive start to their one-day international series starting here Monday.Sri Lanka’s left-handed opener Sanath Jayasuriya may be 39, but remains a bowler’s nightmare with his ability to change the course of a match […]