Category: Industry
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 […]
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 […]
Ranatunga picks new team to head Sri Lanka Cricket
Feb 7, 2008 (AFP) – Two of Sri Lanka’s foremost cricketers, Arjuna Ranatunga and Aravinda de Silva, have joined up to lead the island’s cricket administration, sports minister Gamini Lokuge told AFP on Thursday.Former captain Ranatunga, who already heads Sri Lanka Cricket (SLC), will be assisted by his World Cup winning colleague Aravinda de Silva […]
Sri Lanka suspends school sports after bomb
Feb 7, 2008 (AFP) – All school sports have been suspended in Sri Lanka after a Tamil Tiger suicide bomb attack in the capital killed nine pupils and a baseball coach, the government said Thursday.An eduction ministry spokesman said planned field trips for events marking the island’s 60th anniversary of independence from Britain would also […]
Desert Move
Feb 07, 2008 (LBO) — Sri Lanka’s Aitken Spence, a top leisure group that also runs resorts in the Maldives and India, said it had inked a deal to operate four hotels of Oman Hotels and Tourism Company (OHTC). . Al Falaj and Ruwi Hotels in Muscat, Al Wadi in Sohar and Sur Plaza in […]
Electronic Cash
Feb 07, 2008 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has tied up with financial giant JP Morgan Chase, to offer a foreign exchange card that can replace travellers cheques for people traveling abroad, the bank said. Foreign travellers could store the equivalent of between 500 to 10,000 dollars and use it as to […]