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 […]
Pricey Fuel
March 11, 2008 (LBO) – Sri Lanka’s state-owned petroleum utility plans to tie up with global ship supplier GAC Ships to sell bunkers or ship fuel in Colombo port, its chairman Ashantha de Mel said. . The Ceylon Petroleum Corporation’s plans to re-enter the bunker market will likely bring down prices in Colombo. “We’re in […]
Sri Lanka Cricket chief fears player exodus
March 11, 2008 (AFP) – Young cricketers may soon opt out of playing for their country because of the huge amounts of money available in the sport, Sri Lanka’s cricket chief Arjuna Ranatunga said on Tuesday. Ranatunga, Sri Lanka’s World Cup-winning captain in 1996, said he was worried about the future of younger players who […]
Sri Lanka Union Assurance profit up amid price war
March 11, 2008 (LBO) – Sri Lanka’s Union Assurance group net profit for 2007 rose 63 percent to 254 million rupees from 156 million rupees the year before but the firm said it was concerned about price competition and high motor claims. General and life insurance premiums grew by 23 percent to five billon rupees […]
Sri Lankan Airlines passenger carriage hits new record
Mar 11, 2008 (LBO) – Sri Lankan Airlines had carried 3.2 million passengers in 2007, up 100,000 from the previous year making it the largest volume of passengers it had carried since its creation in 1979, the airline said. Sri Lankan says it has won an award for being the world’s most efficient operator of […]
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 […]