Category: Industry
Sliding Up
June 06, 2008 (LBO) – Chevron Lubricants Lanka has raised prices of its products following sharp increases in the prices of crude and base oil, a senior company official said Friday. “With rising petrol and diesel prices, people are finding it difficult to maintain their vehicles and so tend to postpone service decisions.” The two […]
Legends of the Olympic Games
PARIS, June 5, 2008 (AFP) – With the 2008 Olympics getting under way in Beijing on August 8, AFP Sport presents a selection of the legends who have lit up the event down the years: Abebe Bikila (ETH) – Running barefoot, Bikila of Ethiopia won the marathon at the 1960 Rome Olympics. Despite undergoing an […]
Sri Lanka gets EU delegation to discuss trade concessions
June 6, 2006 (LBO) – A European Union delegation is due to visit Sri Lanka next week to discuss the renewal of trade concessions for exports, especially apparel, into the EU, a government minister said. The GSP Plus facility keeps over 350,000 people in direct employment in garment factories in Sri Lanka, Ambassador to the […]
Sri Lanka Brandix is top apparel exporter
June 6, 2008 (LBO) – Sri Lanka’s export promotion agency has named Brandix as the island’s top apparel exporter Friday, the group which employs more than 25,000 people, said. Brandix makes lingerie, casuals, sport wear, textiles, knitted fabrics, thread, accessories and hangers. It also has wet processing, finishing and fabric printing facilities. “The concluded year […]
Oil Block
June 5, 2008 (LBO) – Cairn India Limited, a unit of Cairn Energy plc of the UK, has won an offshore exploration block in Sri Lanka’s Mannar basin beating two other players, the island’s petroleum minister A H M Fowzie said. The firm has made more than 30 oil and gas discoveries in India during […]
Sri Lanka Janashakthi IPO braves slow market
June 05, 2008 (LBO) – The initial public offer of Janashakthi Insurance that is opening this month, the first in two years in the island, is a bold move that could enliven an otherwise slow market, company officials said. “We have taken a bold step in coming forward at this time,” Janashakthi Insurance managing director […]
Health Strategy
June 05, 2008 (LBO) – The Lanka Hospitals Corporation, which own’s Colombo’s Apollo Hospital, said it is targeting medical tourism in a big way, along with cosmetic surgery, and hopes to turn profitable in the next financial year. The hospital, whose ownership changed in October 2006 with tycoon Harry Jayewardena buying a controlling stake, said […]
Helping Move
June 05, 2008 (LBO) – Only two percent of the public buildings in Sri Lanka have easy access to the disabled, CEAT Tyres which is backing an organization that is campaigning to improving access to public buildings by the disabled, has said. “For numerous reasons, disability in both visible and invisible forms is on the […]
Sri Lanka in push for German visitors
June 05, 2008 (LBO) – Sri Lanka is hosting a workshop and familiarization tour for more than 100 German travel agents in a bid to lure more visitors, the island’s tourist promotion office said. The program will increase awareness about the Sri Lanka among German travel agents and motivate them to sell and promote the […]
Debit Deals
June 05, 2008 (LBO) – Commercial Bank of Ceylon has started giving discounts previously limited to credit card customers to the bank’s debit card holders, which has seen increased use following a credit card transaction tax, the bank said. Chief manager of Commercial Bank’s card centre, Lakshaman Perera said in a statement that a one […]
Prime Property
June 05, 2008 (LBO) – Sri Lanka’s Sampath Bank has called for proposals to develop a prime property it owns in the heart of the capital Colombo in a joint venture. The property market has been showing signs of cooling in recent months but prime locations such as Colombo 7 would always be pricey, analysts […]
Sri Lanka blast damaged hotel gets state help
June 04, 2008 (LBO) – Sri Lanka’s tourist promotion office had given a million rupees to re-build an old tourist hotel that was damaged in a Tamil Tiger bomb blast, the ministry of tourism said. The board of directors of Sri Lanka’s tourism promotion bureau had recently approved the request to help Hotel Nippon, the […]