Category: Industry
Mobile Eye
Feb 29, 2008 (LBO) – Sri Lanka’s Kay Jay Security has tied with Dialog Telekom to provide a closed circuit television (CCTV) monitoring through third generation mobile technology, the company said. “Under the new joint-venture, customers in Sri Lanka will be able to subscribe to a package that includes the installation of CCTV at their […]
Tough Chats
Feb 29, 2008 (LBO) – Higher inflation which reduced the spending power of subscribers and declining security was hurting Sri Lanka’s telecom firms, Fitch Ratings said in an Asia Pacific regional report. . Though the Sri Lankan telecom sector was expected to show “reasonable growth” in 2008, fixed wireless expansion was expected slow with increasing […]
Banking Trend
Feb 29, 2008 (LBO) – Sri Lanka’s Seylan Bank group full year profits grew four percent to 911 million but December quarter profits dipped amid lower loan growth, results released to the Colombo Stock Exchange showed. Fourth quarter net profit was down 58 percent to 89 million rupees compared with the same period last year. […]
Petrol Performance
Feb 27, 2008 (LBO) – Lanka IOC has made a net profit of 282 million rupees for the December quarter compared with a loss of 327 million rupees in the same period last year. However, the profit was much lower than the 677 million rupees the company, a unit of Indian Oil Corp., earned during […]
Sri Lanka activated carbon maker eyes Asian face mask market
Feb 28, 2008 (LBO) – Sri Lankan coconut-shell-based activated carbon maker Haycarb says it plans to sell face masks in overseas markets in Asia with dense populations and growing air pollution problems. Haycarb managing director Ananda Hettiarachchy said the masks, developed for use by Sri Lankan urban and rural consumers, had become “quite popular” and […]
Sri Lanka air travellers to get online benefits
Feb 28, 2008 (LBO) – Sri Lankan travellers reserving tickets through Emirates’ newly commissioned online booking portal, can win free win tickets until the end of March, the company said. Emirates contest website The promotion which is valid till end of March, requires travellers to book their seats on-line on Emirates operated flights. “We have […]
Education Reform
Feb 28, 2008 (LBO) — Sri Lanka will teach arts and commerce subjects for pre-university students in English from this year, a senior government minister said. Sri Lanka’s cabinet of ministers had approved a proposal by education minister Susil Premajayantha to start English medium instruction at 50 schools this year, information minister Anura Yapa said. […]
Mobile Payments
Feb 28, (LBO) – Sri Lanka’s state-run Bank of Ceylon has tied up with an Indian mobile commerce firm to start a text message based electronic payment system that could overtake credit card transactions, officials said. Bank of Ceylon’s new service allows its six million customers to use pay shops that join the system at […]
Credit Call
Feb 28, 2008 (LBO) – Ten Sri Lankan state banks have joined a government public information service with the aim of giving the public better access to finance, officials said. Central Bank governor Nivard Cabraal said Thursday the service is meant to improve the efficiency of government service and make it easier for people to […]
Hill Roads
Feb 28, 2008 (LBO) – Access routes and the road network in Sri Lanka’s central hill city of Kandy will get a billion rupee spruce-up ahead of a regional meeting of heads of state scheduled for next year, a senior minister said. The government was planning to rehabilitate the main access road from Colombo, and […]
Road Bid
Feb 28, 2008 (LBO) – A joint venture between Sri Lanka’s International Construction Consortium (ICC) and China Harbour has a won 2.4 billion rupee deal to build section of the highway leading to a northeast of the island, a senior minister said. The contract floated by Sri Lanka’s Road Development Authority is funded by an […]
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium brands bringing in better margins. Chevron Lubricants Lanka, formerly known as Caltex, once had a monopoly of the local market but its dominance has been challenged by new […]