Category: Industry
Sri Lankan Airlines adds flights to Middle East
June 25, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, said it has increased flights to the Middle East to support government moves to attract more tourists from the region. The state-owned airline said in a statement that weekly flights to the city of Doha had been increased to six from four previously, […]
Olympic athletes set to shine through smog, doping scandals
PARIS, June 24, 2008 (AFP) – Beijing Games organisers will be hoping that the exciting crop of competitors in the blue riband event of athletics can dispel the sordid spectre of doping and provide a feast of top-class sport.Certainly, there is a raft of big-name draw cards and record-breakers for whom the stage is set […]
Sri Lanka chamber says trade missions yield contracts, orders
June 24, 2008 (LBO) – Business promotion missions to Iran and Pakistan organized by the Ceylon Chamber of Commerce (CCC) have resulted in several contract agreements and confirmed orders for Sri Lankan companies with others under negotiation. The CCC said in a statement it was now doing a study to explore possibilities of leading two […]
Plastic Preference
June 24, 2008 (LBO) – Sri Lanka’s ABC Group says its tri-lingual credit card is gaining popularity, especially in rural areas, and consumers are relying more on credit with inflation soaring to 30 percent. Garment sector employees and rural youth apply for the card owing to its tri-lingual facility and ease of use, says Orville […]
Greek Deal
June 24, 2008 (LBO) – Ceylon Shipping Corporation (CSC), Sri Lanka’s national shipping line, has struck a deal with a member of a famous Greek shipping dynasty for a joint venture project to transport petroleum products and supply ship fuel. The CPC wants to go for long-term freight contracts to reduce costs and be able […]
Sri Lanka power engineers say talks successful
June 23, 2008 (LBO) – Sri Lanka’s power engineers are to formally decide on ending their work-to-rule campaign Monday following successful talks with President Mahinda Rajapakse yesterday, an official said. The Ceylon Electricity Board Engineers Union (CEBEU) started trade union action last week, seeking the removal of chairman Udayasri Kariyawasam and duty-slashed car concessions. A […]
Buy One
June 22, 2008 (LBO) – A Sri Lankan car dealer is taking a buy-one-get-one-free strategy to sell off luxury vehicles, borrowing a strategy used by fast moving consumer goods makers to sell soap, cosmetics and cereal. In Sri Lanka inflation is at the highest level in its history touching 30 percent and interest rates are […]
Sri Lanka Hayleys in wind energy; boosts hydro power capacity
June 21, 2008 (LBO) – Sri Lanka Hayleys group is building a 10MegaWatt wind power plant in the island’s Western coast and is planning to boost it hydro power capacity to 15Mega Watts, the company said. In the year to March 2008 the power and energy sector has shown a 53 percent return on 709 […]
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 […]