Category: Industry
‘s Harbhajan cleared of racial abuse charge
ADELAIDE, Australia, Jan 29, 2008 (AFP) – Indian off-spinner Harbhajan Singh was cleared Tuesday of racially abusing Australia’s Andrew Symonds, the International Cricket Council said. Harbhajan pleaded guilty to a lesser charge of using abusive language and was fined 50 percent of his match fee by appeals commissioner John Hansen, ICC spokesman Sami-ul-Hasan told reporters […]
Sri Lanka Brandix in organic apparels
Jan 29, 2007 (LBO) — Sri Lanka’s top apparel maker Brandix has penetrated the ‘organic’ garment market with a number of top international labels placing orders, the company said. It supplies Gap, Marks & Spencer, Victoria’s Secret, NEXT, Lands End, Ann Taylor, Abercrombie & Fitch and Tommy Hilfiger. Brandix has already supplied more than 10,000 […]
Education Venture
Jan 29, 2008 (LBO) – A top apparel group in Sri Lanka has started an education institute to boost soft skills in English, information technology and apparel manufacture to the bridge gap in the island’s education system. “My vision is to see Sri Lanka recognized as a destination for knowledge and innovation within the next […]
Rate Hike
Jan 29, 2008 (LBO) – A grouping of shipping lines calling at Colombo port have given notice of a sharp increase in freight rates to Europe, citing rising fuel prices and port delays in the region. But exporters have raised doubts whether the 19 container shipping firms, known as the India, Pakistan, Bangladesh, Ceylon (IPBCC) […]
Sri Lankan Airlines aims for shorter transit times
Jan 28, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, has steadily increased the number of passengers in transit to 46 percent from 28 percent in 2003/04 in an attempt to make Colombo a hub for air travel, a statement by the carrier said. According to Sri Lankan, it has recorded a steady […]
Profit vs Growth
January 28, 2008 (LBO) – Investors in telecommunications stocks in emerging markets like Sri Lanka are more concerned with business growth and cash flows instead of reaping dividends, the head of the island’s top celco said. . “Investors in stock markets, in telco shares, in ICT stocks look at cash flows,” said Hans Wijayasuriya, chief […]
Note Rating
Jan 28, 2008 (LBO) — Fitch Ratings has assigned an A+ (lka) national long term rating to a Singer Sri Lanka 800 million rupee note issue with a ‘negative’ outlook, the rating agency said Monday. It has also affirmed an ‘A (lka)’ rating on an outstanding note issue. Money from the new note issue will […]
LawAsiaICT2008
Jan 25, 2008 (LBO) — Sri Lankan regulators should look for all options to bring down the cost of mobile phone ownership as the industry has emerged as a key driver of economic growth, the head of the island’s top celco has said.Better connectivity has enabled people become more productive, he added. Business drivers in […]
Down Under
Jan 25, 2008 (LBO) — Australia is looking to supply coal to Sri Lanka’s power stations and also provide clean coal and natural gas technology that can improve the efficiency of thermal generation, its envoy to Colombo has said. “The government of course has plans to develop coal fired power generation in Sri Lanka and […]
Net Security
Jan 25, 2008 (LBO) – Bank of Ceylon (BOC) has deployed international authentication services provider VeriSign’s hacking and identity theft countering security features in its online banking transactions in Sri Lanka. VeriSign’s Identity Protection Services (VIP) for BOC’s online banking customers will provide an extra layer of security through VeriSign’s multiple authentication scheme. The scheme […]
Travel Costs
Jan 25, 2008 (LBO) – The national transportation commission of Sri Lanka has authorised a hike in bus fares due to recent fuel price increase, but private bus owners say it is insufficient. The fare increases approved by the commission will be effective from February 1 and are meant to minimise the effects of recent […]
Digital TV
Jan 24, 2008 (LBO) – Mobile operator Dialog Telekom’s digital broadcasting of terrestrial television via standard broadcast frequencies will be less costly for content providers and increase reception throughout Sri Lanka, company officials said. Dialog’s Terrestrial Digital Video Broadcasting (DVB-T) pilot project was launched Wednesday covering areas north of the capital Colombo like the Wattala […]