Category: Industry
Sri Lankan Airlines in transitional management deal with Emirates
Jan 09, 2007 (LBO) – Sri Lanka was working on a transitional management structure with Emirates for national carrier Sri Lankan Airlines after the Middle Eastern airline decided not to renew its management deal, a senior government official said Wednesday. But the government had not yet decided to buy back the Middle Eastern airline’s 43.6 […]
Forestry Tourism
Jan 09, 2008 (LBO) – A Sri Lankan leisure group is involving tourists in a reforestation project as the country’s main tourism promotion body attempts to position the island as an eco-friendly green destination. The Jetwing group says its ‘Eternal Earth’ project which was kicked off this week at their Hunas Falls Hotel nestled adjacent […]
Cyber Trade
Jan 09, 2007 (LBO) – The Ceylon Chamber of Commerce ‘Trade Point’ electronic commerce gateway has been activated, enabling Sri Lankan small businesses to better access global trade opportunities, the chamber said Wednesday. The chamber was granted operational status as a fully operational trade point and the right to operate as a member of the […]
Retailer Rating
Jan 09, 2008 (LBO) – Rating agency Fitch assigned ‘A (lka)’ long term rating to Abans Private Limited in Sri Lanka with a stable outlook, the agency said Wednesday. Abans, owned by the Pestonjee family, has not put forward a clear succession plan nor introduced independent directors to its board, the ratings agency says. The […]
Qatar Airways plays down Sri Lankan interest: report
Jan 08, 2007 (LBO) – Middle Eastern carrier Qatar Airways has played down its interest in Sri Lankan Airlines after its current managing shareholder Emirates, announced a sell out of its equity stake, reports said. Though suffering a 4.7 billion loss and badly hit by war risk insurance it managed to survive by using Maldives […]
Sri Lankan Airlines to be run by government again: official
Jan 08, 2007 (LBO) – Sri Lanka’s government will take the reigns of SriLankan Airlines after a management agreement with Emirates Airlines ends in March 2008, the head of the island’s investment promotion office said. “The president has decided that the government will run SriLankan Airlines from April,” Board of Investment chief Dhammika Perera told […]
Sri Lanka expects tourism boost from devout visitors
Jan 08, 2008 (LBO) – The arrival of a spiritual leader and his followers for a religious ceremony in Sri Lanka will boost foreign visitors in January, the war ravaged island’s tourism promotion officials said Tuesday. Some 30,000 members of the Bohra community are expected for the 10-day Ashara Mubaraka ceremony starting January 9. His […]
Sri Lankan Airlines less attractive without catering, ground handling: analysts
Jan 07, 2008 (LBO) – Sri Lankan Airlines is not an attractive opportunity for potential investors unless it comes with ground handling and catering, as airline operations alone were not very profitable, analysts said. (US$1=SLR 108.30) The Bloomberg newswire quoting presidential secretary Lalith Weeratunga said a committee may be set up to look into options […]
Bunker Battle
Jan 07, 2008 (LBO) – Sri Lanka’s army overran Tamil Tiger fortifications in north-western Mannar while also engaging them on two other fronts in clashes that killed 23 guerrillas and one soldier since Sunday, the military said. Media Center for National Security said fighting was reported on separate fronts in Mannar, north-central Vavuniya and the […]
Quit Notice
Jan 06, 2007 (LBO) – Emirates said it would stop managing Sri Lankan Airlines after March 2008, ending months of controversy and a troubled relationship that culminated with the island government canceling the visa of its resident manager in Colombo. .Updated “Emirates has notified the Government of Sri Lanka that it will not be renewing […]
Free Trade
Jan 05, 2008 (LBO) – Sri Lanka and India have reached agreement on improving access for the island’s exports like tea to the Indian market but have yet to conclude a deal on trade in services, trade officials said. The latest round of talks between the two neighbours on a new trade deal ended in […]
Kala Pola
Jan 05, 2008 (LBO) – An annual open air art fair in the Sri Lankan capital Colombo will see more than 300 artists and sculptors displaying their creations and also be a meeting place for thousands of art lovers and buyers, its organizers said. The Kala Pola or ‘art marketplace’ is being held for the […]