Category: Industry
Emirates to start first A380 services to Americas
June 10, 2008 (LBO) – Dubai-based Emirates is starting the first ever commercial Airbus A380 service to the Americas with a 14-hour non-stop flight to New York from August 01, the airline said. Air travellers will be able to experience Emirates Airline’s state-of-the-art A380 aircraft for the first time on 1st August, when the airline […]
Tight Rates
June 10, 2008 (LBO) – Sri Lanka’s Lanka Orix Leasing Company (LOLC) group said net profits for the year ended March 2008 was up 21 percent with revenue growing 50 percent though rising interest costs trimmed profits at company level. Group net profits rose to 1.26 billion rupees from 1.04 billion, while gross revenues rose […]
Debt Tool
June 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) plans to get a credit rating that will enable it to borrow abroad to fund harbour expansion projects and better manage debt repayments, its chairman Saliya Wickramasuriya said. “Our debt portfolio needs to be managed properly. We may need to do some debt swapping. […]
Emotional moments from past Olympics
PARIS, June 09, 2008 (AFP) – Each Olympics brings out some memorable emotional moments and Beijing should not be any different.Here, AFP Sports picks out a selection of several of the outstanding memories: LONDON 1908 – The marathon that was not elementary John Hayes is one of the few winners of the Olympic marathon who […]
New Faces
June 9, 2008 (LBO) – Sri Lanka Telecom (SLT), the island’s top fixed access telco said its Malaysian shareholder had appointed new directors after NTT Communications sold out and its representative resigned from the board. NTT with its 35 percent stake was allowed by majority shareholder Sri Lanka government to appoint the chief executive. Sri […]
Outsourcing
June 09, 2008 (LBO) – Sri Lankan Airlines is buying database services from IBM World Trade Corporation and is looking to outsource more information technology services, the company said. “¦SriLankan Airlines is exploring the opportunities available for outsourcing certain IT functions, creating further opportunities for players in Sri Lanka’s IT industry¦” the airline’s head of […]
Mind Guide
June 9, 2008 (LBO) – An education fair to guide post-secondary education students find appropriate opportunities for further studies which are oriented to current economic needs will kick off on June 27, its organizers said. The ‘Future Minds’ national education and carrier exhibition will be on for three days at the Bandaranaike Memorial International Conference […]
Sri Lanka Continental hotel new owners seek pricing freedom: report
June 09, 2008 (LBO) – The new owners of Sri Lanka’s Continental Hotel have taken board control and sought approval from tourism authorities to sell rooms at lower rates, a media report said. Hotel Services (Ceylon) Ltd, which owns the Continental Hotel in the Sri Lankan capital Colombo, was sold by former owner U K […]
Port Bids
June 09, 2008 (LBO) – Sri Lanka has re-appointed project committees to award a container terminal concession to expand Colombo port, with fresh bids expected to be called by end-July, a top official said. Under the new agreement, the loan became effective in May while the government has agreed to award the terminal concession within […]
Connecting
June 08, 2008 (LBO) – Sri Lanka’s Leo Burnett Solutions has launched an initiative called ‘humankind’ for the advertising agency’s Asia-Pacific region network aimed at building brand preference and changing consumer behavior, a top official said. In the absence of brand preference, price reduction is the only option, Chairman of Leo Burnett South Asia, Arvind […]
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 […]
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 […]