Category: Industry
Sri Lanka beat India to revive tri-series hopes
CANBERRA, Feb 12, 2008 (AFP) – Sri Lanka hammered India by eight wickets on Tuesday to revive their hopes in the rain-hit tri-series.Set a revised 154 to win from 21 overs, Sri Lanka reached the rain-adjusted target with two overs to spare for their first win of the series. India made 195 for five from […]
Native News
Feb 12, 2008 (LBO) – JNW news, Sri Lanka’s pioneer news provider on mobile networks, has launched a news website using Sinhala Unicode characters, an official said. “We wanted to do Unicode because that is the future of Sinhala on the web,” JNW chief Chamath Ariyadasa said. “Advantages like easily transferring the content to other […]
Aitken Spence Hotels cuts Sri Lanka losses, regional net up
Feb 12, 2008 (LBO) – Aitken Spence Hotels has boosted net profits by 78 percent in the December quarter and slashed its Sri Lanka losses in the first nine months of the current financial year, its latest results show. Pre-tax losses in Sri Lanka fell to 195.6 million rupees from 285.7 million rupees in the […]
Third Vision
Feb 11, 2008 (LBO) – Sri Lanka’s top mobile operator Dialog Telekom says its third generation network will be used to provide live newsfeeds for Sri Lanka’s Derana television service. “Reporting instantly from the location through 3G video calling reduces the time lag that is usually associated with unavoidable delays in transferring recorded material for […]
Sri Lanka hotels gain on merger news
Feb 11, 2008 (LBO) – Sri Lanka’s Associated Hotels Company Limited (AHCL) will merge with Ceylon Hotels Corporation (CHC) and another company, Perigrine Private Limited, the company said Monday. The date of merger was not announced, but may be determined by the registrar of companies. Associated Hotels share was up 10.25 on the news to […]
Sri Lanka to see Cathay flights from March
Feb 11, 2008 (LBO) – Hong Kong’s Cathay Pacific Airways will resume daily flights to Sri Lanka from March, after security was tightened at the island’s international airport, the airline said Monday. CX711 departs Hong Kong at 16.15 and arrives in Sri Lanka at 22.45, while the return CX710 service departs Colombo at 00.15 on […]
Sri Lanka exporters urged to focus on food safety, product liability issues
Feb 11, 2008 (LBO) – Sri Lankan exporters should secure their shipments not only because of security but because product liability and food safety are growing concerns in western markets, a container security expert says. New global container security initiatives, which emerged as a response to terrorist threats, are now not only limited to security, […]
Port Bid
Feb 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) is pushing to award a container terminal concession in Colombo to Hutchison Port Holdings despite a technical committee nod for rival Port of Singapore Authority, a news report said Sunday. “The SLPA is determined to award the Colombo South Port Development Project to Hutchison […]
Ranatunga looks to revamp Sri Lanka cricket
COLOMBO, Feb 8, 2008 (AFP) – Sri Lanka’s legendary former cricket captain Arjuna Ranatunga, who recently took over the running of the island’s troubled governing body in the sport, Friday announced a major revamp of the administration. The outspoken Ranatunga, who won the World Cup in 1996, had been critical of those who had run […]
Port Race
Feb 09, 2008 (LBO) – Colombo port has a good chance of enhancing its status as a container transhipment hub with its expansion plans and compliance with international maritime security codes, a container security expert has said. Stefaan Vermeire, Director General of the International Container Security Organization based in Brussels said Colombo’s location in the […]
Slow Going
Feb 08, 2008 (LBO) – A multi-million dollar project to build a new container port in Colombo is on track despite lengthy delays, a Sri Lankan government minister has assured the island’s shipping community. The government plans to build a new deep-water port next to Colombo, called the Colombo South Port, as well as build […]
Mobile Finance
Feb 08, 2008 (LBO) – Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia, said it had raised 30 million US dollars from two banks to buy telecommunications equipment from Sweden. The package was arranged by Standard Chartered Bank in Colombo, Dialog said in a stock exchange filing. It was backed by EKN, Sweden’s export […]