Category: Industry
Delayed Reaction
Jan 13, 2008 (LBO) – Sri Lanka has raised fuel prices from midnight Sunday with petrol and furnace oil going up by 10 rupees, diesel 5 rupees and kerosene 2 rupees, the state-run Ceylon Petroleum Corporation (CPC) said. The new price of 90-octane petrol is 127.00 rupees, 95-octane petrol 130.00, auto diesel 80.00, super diesel […]
Sri Lanka cricket chief urges umpiring revamp
Jan 13, 2008 (AFP) – Sri Lanka’s cricket chief and World Cup-winning captain Arjuna Ranatunga on Sunday called for a revamping of the umpiring system in international matches.“My personal view is that two local umpires must officiate with the ICC (International Cricket Council) panel umpire sitting in the box with the match referee,” Ranatunga told […]
Sri Lanka and India to fix coal power plant site this month: minister
Jan 11, 2008 (LBO) – Sri Lanka and India will finalize the site for a 500 MegaWatt coal fired joint venture power station this month, energy minister John Seneviratne said. About 25 percent of the householders, mostly in rural Sri Lanka do not have access to electricity. Seneviratne said an agreement has been sighed with […]
Transit Care
Jan 11, 2008 (LBO) – Sri Lanka’s overcrowded top state cancer hospital would get a 140 bed transit facility to house outpatients, the newly launched Colombo branch of a charity focusing on child patients said. Courage, Compassion and Commitment (CCC) Foundation was founded five years ago in Australia to support child patients at the National […]
Joint Investment
Jan 11, 2007 (LBO) — Sri Lanka’s Hatton National Bank has signed up with City Union Bank to start an investment banking unit in India, the two banks said in a joint statement Friday. “The proposed Joint Venture Investment Banking entity will focus on serving the Indian market to deliver capital raising and advisory services […]
Railway Blast
Jan 11, 2008 (LBO) – A bomb exploded in the main railway station in Sri Lanka’s capital Colombo, injuring one person police said.Fighting between Sri Lanka government forces and the Tamil Tigers have intensified leaving at least 6,000 dead in since 2006, according to official figures. Updated The bomb was kept on a platform under […]
Trade Links
Jan 11, 2007 (LBO) – Sri Lankan shipping officials have questioned the validity of a recent World Bank ranking on logistics that placed the island even below landlocked Uganda, despite Colombo’s position as a container transshipment hub. The criticism came at a videoconference discussion connecting audiences in Bangladesh, India, Pakistan, Nepal, Sri Lanka, and Washington […]
Sri Lankan Airlines aircraft damaged in Frankfurt
Jan 10, 2007 (LBO) – A SriLankan Airlines aircraft has been damaged at Franfurt airport shortly before take off, but passengers had been housed in hotels and are being flown to Colombo on other carriers, a company spokesman said. In October 2007, another aircraft scraped the wing of a SriLankan Airlines aircraft while it was […]
Sri Lanka sees foreign visitors surge 55-pct in December
Jan 10, 2008 (LBO) – Foreign visitors to Sri Lanka surged 55 percent in the peak winter season month of December 2007, the island’s tourism promotion office said, though the island saw 11 percent less tourists in the full year. Visitors from key Western European markets jumped 56.6 percent to 23,500 in December with the […]
Sri Lanka gets World Bank push for renewable power
Jan 09, 2008 (LBO) – A new credit line from the World Bank inked Wednesday will help build 50 mega watts of power in rural Sri Lanka, helping light up 60,000 rural homes, officials said. The money would be lent through the DFCC Bank for off-grid renewable energy projects. The World Bank is giving 40 […]
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 […]