Category: Industry
‘s BP Solar
May 23, 2008 (LBO) – Sri Lanka has awarded a contract for rural solar electrification to Australia’s BP Solar, a senior government minister said. The local government ministry said in a note to cabinet that the contract to BP Solar (Pty) Ltd of Sydney was recommended by a cabinet appointed negotiation committee. The scheme will […]
Sri Lanka to apply for EU GSP+; industry warned not to depend on concessions
May 23, 2008 (LBO) – Sri Lanka’s government said it was pressing ahead with applying for trade concessions from the European Union in October but warned industrialists not to depend on trade concessions. Rajapaksa warned last month that if the trade concessions are lost the private sector should improve productivity and “face the challenge.” Industry […]
Mobile Numbers
May 23, 2008 (LBO) – Sri Lankan mobile operator Dialog Telekom said its first quarter net profits fell by more than half after it cut prices owing to growing competition and rising costs took their toll. Despite Dialog TV revenues growing by 187 percent over the same 2007 quarter, it made loss of 114 million […]
Match Making
May 23, 2008 (LBO) – Sri Lankan Information Communication Technology (ICT) companies plan to take part in a business forum in the United Kingdom to promote joint product development, marketing and sales, its organizers said in a statement. Supported by UK Trade and Investment (UKTI), the match-making mission aims to link Sri Lankan companies with […]
e-Winner
May 23, 2008 (LBO) – Sri Lanka’s digital self learning initiative, ‘Shilpa Sayura’, emerged winners in the education category of the Stockholm Challenge 2008 in in Sweden, the state ICT Agency (ICTA) said. The Stockholm Challenge awards were started in 1994 and is now owned by the Royal Institute of Technology (KTH) in Stockholm. The […]
Sri Lanka tourist trade lures Arab travelers
May 23, 2008 (LBO) – Sri Lanka’s April tourist arrivals dropped ten percent to 29,747 compared to the same period last year, despite a surge in visitors from the Middle East, a market where the island is being promoted in a new campaign, the Tourist Board said. The highest drop in arrivals of twenty five […]
Sri Lanka Hilton wins global hotel chain brand award
May 23, 2008 (LBO) – Sri Lanka’s Hilton hotel has won the regional and global Hilton brand awards for 2007, beating some 500 hotels across the world, a statement from the ministry of tourism said. The Hilton Colombo was judged the best hotel in Asia in the balanced scorecard category which measures a hotel’s performance […]
Direct Credit
May 23, 2008 (LBO) – Sri Lanka’s People’s Leasing is getting 10 million US dollars from the Asian Development Bank (ADB) which it can start lending within the next 30 days, a top official said. People’s Leasing inked a deal Friday with the ADB to lend to the small and medium enterprises in the island. […]
Knowledge Essay
May 22, 2008 (LBO) – The deadline for an essay on the knowledge economy targeting Sri Lankan students in higher education has been extended till June 05, the World Bank said. The competition was launched in partnership with LIRNEasia, and the Point Pedro Institute of Development in March 2008. It coincided with the a recent […]
Fuel Mix
May 22, 2008 (LBO) – Indian Oil Corporation’s Sri Lanka unit raised diesel retail prices by 20 rupees to 100 rupees a litre putting pressure on the state-run Ceylon Petroleum Corporation (CPC) which sells more fuel to follow suit. Before the increase, Lanka IOC says it was losing 43 rupees a litre from the sale […]
Sri Lanka trade deficit doubles in March
May 22, 2008 (LBO) – Sri Lanka’s trade deficit doubled in March 2008 to 448 million dollars as imports ratcheted up 32 percent while exports grew only 7.8 percent, government data showed. Exports grew 7.8 percent in March with apparel growing 8.2 percent to 293 million dollars. Agricultural exports grew 29 percent with tea growing […]
Sri Lanka power demand hits new record
May 22, 2008 (LBO) – Sri Lanka’s national grid operated by the Ceylon Electricity Board (CEB) hit a new night peak demand of 1922MegaWatts on May 21, an official of the island’s state run power utility said. The night peak was reached on the first working day after Vesak, a Buddhist religious holiday which is […]