Category: Industry
Blackouts in Sri Lanka as power engineers work-to-rule
June 20, 2008 (LBO) – Parts of Sri Lanka blacked out Friday night as engineers at Sri Lanka’s power utility worked-to-rule, demanding the ouster of the state-run organization’s chairman, even as negotiations began with senior government officials. The Ceylon Electricity Board Engineers Union (CEBEU) had discussions with Sri Lanka President Mahinda Rajapaksa’s brother Basil and […]
Soft Cup
June 20, 2008 (LBO) – An environmental short film by a team from Sri Lanka made it to the top six in Microsoft’s Imagine Cup competition finals, which would be held in July in Paris this year, the firm’s local office said. Sri Lanka’s ˜Team Gènès|pictures’was able to qualify for the finals of the Microsoft […]
Tata Track
June 20, 2008 (LBO) – High inflation and interest rates have hit auto sales in Sri Lanka but the market for Indian made Tata vehicles remains strong, the brand’s agents, Diesel and Motor Engineering Company (DIMO) said.“We do not find them (Chinese imports) as a threat because people need to have spares, reach and service […]
Southern Anchorage
June 20, 2008 (LBO) – The Sri Lanka Ports Authority has called for bids to build a new port in southern Galle, next to the existing harbour, an official said. The main commodity handled by the existing Galle harbour is cement. In the project’s second phase, a large leisure component will be introduced with a […]
Oil Row
June 19, 2008 (LBO) – Sri Lanka has ordered a local unit of Indian Oil Corporation to sell diesel on par with state-run Ceylon Petroleum Corporation or face sanctions, after the Indian firm raised diesel prices in response to a new tax. Lanka IOC raised the price of diesel by 20 rupees to 130 rupees […]
Sri Lanka agro-exports under threat if GSP+ is lost: exporter
June 19, 2008 (LBO) – A top Sri Lankan fruit and vegetables exporter which is pushing commercial agriculture in the poorest areas of the island says a withdrawal of European trade concessions would hit the high value agro export sector. The group also exports Spanish peppers, silver-skin onions as well as other fruits and vegetables […]
‘s Ceylinco Life says PDAs to enhance sales
June 19, 2008 (LBO) – Sri Lankan insurance firm Ceylinco Life said it was arming its sales force with Personal Digital Assistants or PDAs in an effort to increase sales using the palm-top devices. The company said in a statement the launch of ˜e-assist’, a PDA-based “mobile insurance sales office”, will improve the way insurance […]
Infotel 2008
June 19, 2008 (LBO) – Sri Lanka’s largest information technology exhibition to be held during a nationally declared ICT week in October will showcase the software hardware and the opportunities for IT enabled services, organizers said.The ninth Infotel Lanka Exhibition is part of the Information Communication Technology (ICT) week which will commence on 27 October. […]
Banking Synergy
June 19, 2008 (LBO) – Sri Lanka’s Hatton National Bank (HNB) and DFCC Bank have set up a joint venture investment bank that they said would be better able to compete in local and regional markets. The joint venture called Acuity Partners (Pvt) Ltd., with an initial capital of 500 million rupees, will see the […]
Not Correct
HONG KONG, June 18, 2008 (AFP) – China has no plans to try and dominate the shipping lanes of the Indian Ocean, its ambassador to India said in Hong Kong Wednesday. “We don’t have such an intention to establish a chain to encircle India,” said ambassador Zhang Yan at a lunch held by the Asia […]
Cricket Online
June 18, 2008 (LBO) – Sri Lanka’s national cricket team captain Mahela Jayawardena has gone online with information technology company Cryptodyne to communicate with the island’s youth and raise funds for a cancer hospital project. “The most important thing for me was to communicate with younger kids,” Jayawardena told LBO at the inauguration of his […]
Ocean Outlook
June 18, 2008 (LBO) – Sri Lanka’s Chamber of Construction Industry is pressing for the setting up of an institutional and legal framework to exploit the island’s offshore resources. “It appears that our economic survival will depend on our ability to exploit our offshore resources,” said Dakshitha Thalgodapitiya, chief executive of the Chamber of Construction […]