Category: Industry
Easy Fees
Mar 11, 2008 (LBO) – ACCA Sri Lanka, a branch of the UK accounting body says it has tied up with Nations Trust Bank to give an easy payment scheme for students to pay fees through American Express credit cards. ACCA says it is committed to bringing best practices and governance standards into Sri Lanka […]
Sea Link
March 11, 2008 (LBO) – A unit of Hemas conglomerate has got the Sri Lankan agency for Far Shipping Lines of Singapore which is looking at deploying bigger ships and increase services to Colombo port, an official said. Far Shipping Lines (FLS) currently operates four feeder services connecting the Indian sub-continent and Arabian Gulf with […]
Sri Lanka captain says no need to panic
March 10, 2008 (AFP) – Sri Lanka captain Mahela Jayawardene said Monday there was no need to panic following the team’s repeated batting failures in recent one-day internationals.“What we have to remember is that all these guys have made a lot of runs in the past,” said Jayawardene. “Everyone takes responsibility for the failure and […]
Tele Connect
Mar 10, 2008 (LBO) – The sale of an equity stake in Sri Lanka Telecom held by Japan’s NTT to Malaysia’s Usaha Tegas group could go ahead, the island’s supreme court has ruled, a reporter at the court said. The UT group was initially expected to purchase 25 percent of the stock with NTT keeping […]
Web Eyeballs
Mar 10, 2008 (LBO) – Advertising agencies are struggling to convince clients to use the web as internet penetration increases in Sri Lanka, but poor awareness among clients and users alike, hinder these efforts, officials said.“If you look outward and what kind of business opportunities are out there, then the web can play a very […]
High Flyers
Mar 10, 2008 (LBO) – Emirates Airlines is tripling frequent flying miles to business travellers in March on selected destinations, the airline said. Emirates operates 17 services a week from Colombo to Dubai and four services a week from Colombo to Singapore and Jakarta. First class passengers who fly more than 100 flights across its […]
Travel Time
MANILA, March 10, 2008 (AFP) – The Asian Development Bank said Monday it would double its loan commitment for a major highway project in Sri Lanka to 140 million dollars. A 90 million-dollar loan approved in 1999 would be supplemented by a second loan to ensure the completion of the Colombo-Matara-Galle highway and widen it […]
Gas Play
March 09, 2008 (LBO) – Sri Lanka’s state-owned petroleum utility will enter the liquid petroleum gas (LPG) market by June using fuel dealerships, a top official said, while plans are underway to boost gas production. Ceylon Petroleum Corporation (CPC) now produces about 60 metric tonnes of LPG a day or about 10 percent of the […]
Private Call
March 08, 2008 (LBO) – Sri Lanka Telecom (SLT), the island’s dominant fixed line operator, has invested over 100 billion rupees in the business since it was privatized a decade ago, the company says in its 2007 annual report. The firm has also given more than a million connections since then, with its fixed access […]
Brand Values
Mar 08, 2008 (LBO) – Local brands will have to boost their image to compete against experienced and focused international manufacturers, who now having a larger market share in Sri Lanka, a branding expert has said. International manufactures are well focused and equipped to provide the goods that will have high appeal among consumers. “International […]
Saving Grace
Mar 08, 2008 (LBO) – State-run Sri Lanka Savings Bank, started to take over operations of defunct Pramuka Bank, will get a 1.5 billion rupee government guarantee to meet minimum regulatory capital, officials said. . “The capital requirement is met out of government funds, we are in a comfortable position to offer capital of 1.5 […]
Fuel Pricing
March 07, 2008 (LBO) – Sri Lanka’s state-owned petroleum utility aims to hold retail fuel prices at current levels for the time being despite crude oil prices hitting record highs, its chairman Ashantha de Mel said. Ceylon Petroleum Corporation (CPC) is hoping income from oil futures hedging and its refinery resuming production after a shut […]