Category: Industry
Repeat Business
May 14, 2008 (LBO) – Sri Lanka’s Colombo Dockyard, a unit of Japan’s Onomichi and the country’s sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels, an official said. Greatship is a wholly owned subsidiary of The Great Eastern Shipping Company. The firm had previously ordered four […]
Bollywood Link
May 13, 2008 (LBO) – Sri Lanka and India’s Adlabs plan to enter into a joint venture to upgrade 30 local cinemas, an official said. A mission from the entertainment company will be in Sri Lanka shortly, Saman Weeraman, head of the State Film Corporation said. Adlabs plans to develop and modernize the cinemas with […]
Rural Health
May 13, 2008 (LBO) – Japan has given a grant of 3,103 million yen (about 3.2 billion rupees) to expand Sri Lanka’s third largest hospital and import equipment for development projects, the finance ministry said Tuesday. . It said in a statement that 1.8 billion yen would go to modernise the Anuradhapura teaching hospital, the […]
Sri Lanka Ceylinco starts outpatient health insurance
May 12, 2008 (LBO) – Sri Lanka’s Ceylinco Insurance is offering cover for outpatient services which would be made available through a network of healthcare centres around the island, officials said. The Ceylinco National Health Policy sold at a premium of 500 rupees a year allows policy holders to get medical consultation at a Ceylinco […]
Converged Service
May 12, 2008 (LBO) – Sri Lanka Dialog Telekom says it is offering a new voice and broadband bundled service that can slash charges and reduce hardware costs, the company said in a statement. The ‘Box Office’ package by Dialog Broadband Networks subsidiary will combine voice telephony with private branch exchange facilities, WiMax services to […]
Black Gold
May 10, 2008 (LBO) – Sri Lanka is to award its first offshore oil exploration contract before the end of May, petroleum minister A H M Fowzie said. The ministry was preparing a paper on bids received for offshore exploration and its recommendation to submit to the cabinet of ministers for approval next week, he […]
Serendipity
May 09, 2008 (LBO) – Sri Lanka is to start searching for oil onshore after the accidental discovery of gas seeping from the ground, government officials said. Petroleum minister A H M Fowzie said Friday the government has received technical support from Egypt to start the initial exploration work. The accidental discovery of signs of […]
On Hold
May 09, 2008 (LBO) – Sri Lanka is keeping retail fuel prices at current levels despite crude oil prices soaring to new highs and mounting losses at the state oil retailer, Petroleum minister A H M Fowzie said. The state-owned oil refiner Ceylon Petroleum Corporation (CPC) had run up losses amounting to seven billion rupees […]
Sri Lanka chamber promotes links with Trinidad and Tobago
May 08, 2008 (LBO) – The embassy of the Caribbean island of Trinidad and Tobago is organizing a trade mission through its High Commission (embassy) in India and is looking for Sri Lankan firms to participate, the Ceylon Chamber of Commerce said. The trade and investment promotion mission is being organized to Trinidad and Tobago […]
Sri Lanka Eagle Insurance March quarter profits drop
May 08, 2008 (LBO) – Sri Lanka’s Eagle Insurance group March quarter net profit fell by half although revenue went up, according to the results sent to the Colombo stock exchange. Net profit for the first quarter ended March 31, 2008 fell by 53 percent to 15 million rupees, compared with the same period a […]
‘s HNB Assurance March net up 9-pct
May 08, 2008 (LBO) – Sri Lanka’s HNB Assurance Ltd’s March quarter profits increased nine percent to 14.1 million rupees while revenue increased 40 percent with income from other activities doubling during the period, the firm’s un-audited accounts said. HNB Assurance, saw its revenue increase to 378.6 million rupees from 269.7 million, compared to the […]
Sri Lankan Airlines appoints chief executive
May 08, 2008 (LBO) – Sri Lankan Airlines has appointed Manoj Gunawardene, the airlines former head of worldwide sales as chief executive, the company said in a statement. Gunawardene has been with the airline for 25 years and 17-years in sales and commercial divisions. He had been regional manager UK, Europe and Americas, from 2005 […]