Category: Industry
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 […]
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 […]
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 […]