Category: Industry
Remote Control
April 22, 2008 (LBO) – Sri Lankan technology outsourcing company Eureka is to set up an office in Dubai and also expand its information security, disaster recovery management and remote infrastructure management services (RIM), officials say. “We know the market, carefully researched, we know the problems, problems of development, energy so on, we know the […]
Capital Question
April 22, 2008 (LBO) – A shareholder has asked Sri Lanka’s National Development Bank to return its excess capital to shareholders but its management says plans are on to use the money to better effect and the time is not right for a distribution. Mano Nanayakkara, an investment consultant who has a personal stake in […]
‘s police to guard torch: official
SYDNEY, April 21, 2008 (AFP) – More than half the police force in Australia’s capital Canberra will guard the Olympic torch when the troubled relay arrives in the city this week, officials said Monday.Security has been beefed up for Thursday’s run, which is expected to attract hundreds of pro-Tibet demonstrators angry at China’s treatment of […]
Sri Lankan Airlines and Mihin to be jointly run: officials
April 21, 2008 (LBO) – Sri Lankan Airlines and Mihin Air would be commercially run together after new chief executives take-over but the two airlines would remain as separate entities, officials said. But the government has so far not given him permission to leave the airline, he said. G T Jayaseelan, SriLankan’s former head of […]
No Fixing
April 21, 2008 9LBO) A European Union directive to abolish shipping line ‘conferences’ or cartels by October should lead to more competition and enable shippers to get a better deal, Sri Lanka Shippers’ Council officials said. SLSC president Ananda Wijayasuriya said lines will in future not be able to fix prices but negotiate contracts of […]
” against torch protesters on Everest
KATHMANDU, April 20, 2008 (AFP) – Authorities in Nepal said Sunday they had deployed security forces on their side of Mount Everest and could use gunfire against pro-Tibet protesters when China takes the Olympic torch to the summit.Nepal has been under pressure from Beijing to seal off the world’s highest peak for next month’s stages […]
Sri Lanka Janashakthi, Kayjay in home security insurance deal
April 20, 2008 (LBO) – Insurers have been collaborating with banks to sell their services for years, but a tie up with a security firm looking after daytime-unoccupied homes is gaining a lot of interest.. People are getting busier and there is more work pressure and more females are also working so most of the […]
‘s Premier League cricket
NEW DELHI, April 18, 2008 (AFP) – Agence France-Presse (AFP) and other top news agencies have said they will not cover cricket’s inaugural Indian Premier League, which starts Friday, due to curbs on the distribution of photographs.IPL officials have prohibited news agencies from supplying photographs to cricket-specific websites for the eight-team, Twenty20 tournament. The London-based […]
Iranian president to inaugurate Sri Lanka hydro-power project
April 19, 2008 (AFP) – Iran’s President Mahmoud Ahmadinejad will travel to Sri Lanka later this month to inaugurate construction of an Iranian-funded hydroelectricity project, the government said on Friday.Iran is paying for the 450-million-dollar Uma Oya power project which is slated to produce 100 megawatts of electricity annually. “The Iranian president will be arriving […]
Broad Service
April 19, 2008 (LBO) – Sri Lanka’s Electroteks, a communications firm, says it will launch a wireless broadband service in May which will have voice telephony services at half the existing tariffs. Electroteks chief B A C Abeywardene says the service will use CDMA (code division multiple access) based technology to provide up to 1Mbps […]
Sri Lanka rice price controls fuels fears of black market
April 18, 2008 (LBO) – Sri Lankan traders Friday said they had agreed to sell rice at the new government controlled price but many wholesale shops remained closed in key markets amid warnings of a shortage and emergence of a ‘black market’. Government officials said they would crack down on ‘unscrupulous’ traders who were trying […]
Sri Lankan rice traders protest price controls
April 17, 2008 (LBO) – Sri Lankan traders have protested against a government decision to impose price controls on rice, saying they cannot sell at a loss stocks bought at higher price. K Palaniyandi, chairman of the Pettah Traders Association, representing traders in the capital Colombo, said they hope to have talks with the government […]