Category: Industry
Sri Lanka apparel firm bags fair trade tag
Oct 16, (2007) A woven fabric processor of the Sri Lanka apparel giant Brandix has won fair trade certification, allowing the group to penetrate niche markets, the company said.Brandix Textiles had received the Fair Trade and Organic certifications from the Institute for Marketecology (IMO) of Switzerland. The Fair Trade and Organic certifications are an important […]
‘s Heathrow
LONDON, Oct 15, 2007 (AFP) – Two aircraft collided on the ground at London’s Heathrow Airport on Monday evening, an airport spokesman told AFP.“Heathrow Airport can confirm that two aircraft were involved in an incident on the ground earlier this evening,” the spokesman said. “There are no reported injuries and passengers are in the process […]
Sri Lanka seeks to lure visitors with local cuisine
Oct 16, 2007 (LBO) – Sri Lankan cuisine should be promoted as a new attraction for tourists that will give the local tourism industry a better edge and greater yields, officials with the tourism bureau say.Sri Lanka, with an array of different food items has ignored the qualities of food and has not paid enough […]
Minor Injuries
Oct 16, 2007 (LBO) – As global markets are going through a painful hangover from a US housing bubble, the head of a ‘big four’ accounting firm says Asia will remain largely unaffected. Jim Turley: I don’t think there is going to be a lasting effect of this on compliance cost because institutions that are […]
Big Airbus
TOULOUSE, France, Oct 15, 2007 (AFP) – Airbus was to make the first delivery of its A380 superjumbo jet on Monday to Singapore Airlines, with elation and relief expected at a ceremony in southern France to mark the occasion. The heads of both companies were expected to hail a major advance in air travel as […]
Higher Stake
Oct 15, 2007 (LBO) – People’s Merchant Bank (PMB) shares shot up 15.50 rupees to 55 rupees in Monday morning trading on the Colombo bourse as the firm said that Lanka Orix Leasing Company had increased its stake in the company. PMB said in a statement to the Colombo Stock Exchange that its share price […]
Bouncing Cheques
Oct 15, 2007 (LBO) – Sri Lanka’s Central Bank said Monday that cheque returns were too high and warned customers that issuing cheques without funds was an offence. The total value of returned cheques in a day is “substantial”, amounting to over half a billion rupees, a bank statement said. Out of the total number […]
Unclaimed Prizes
Oct 15, 2007 (LBO) – Though 25,000 state workers are eligible to buy duty-slashed vehicles, less than half of those entitled have so far applied for a car, officials said.Long waiting lists at agents for popular brands as well as the high cost of new cars is said to be deterring public servants from cashing […]
High Stakes
Oct 15, 2007 (LBO) – Hutchison Port Holdings (HPH) Monday dismissed claims by a rival bidder to have made the highest bid to build and operate Colombo’s planned new container terminal. HPH, one of the world’s biggest port operators, said it rejected as “somewhat presumptuous and inaccurate,” claims by Sri Lanka’s Aitken Spence conglomerate that […]
Injury-plagued Flintoff to miss Sri Lanka series
LONDON, Oct 13, 2007 (AFP) – England all-rounder Andrew Flintoff will miss the Test series with Sri Lanka in December after undergoing keyhole surgery on his left ankle, the ECB said in a statement on Saturday.The injury-plagued Flintoff also looks likely to miss the tour of New Zealand in February and March next year as […]
‘s Fernando fires team to consolation win
COLOMBO, Oct 13, 2007 (AFP) – Paceman Dilhara Fernando bagged a career-best haul of 6-27 to help Sri Lanka post a consolation 107-run win over England in the fifth and final one-day international here on Saturday.Man-of-the-match Fernando’s maiden bag of five or more wickets in an innings came in eight sharp overs as England crashed […]
Jumbo Link
Oct 14, 2007 (LBO) – Sri Lanka will give a baby elephant to the Armenia zoo in exchange for veterinary training to an animal “suitable” for local conditions, a government minister said Sunday. Asokamala, the nine-year old female from the island’s elephant orphanage at the central village of Pinnawela will be sent to Armenia along […]