Category: Industry
” aviation project
Oct 01, 2007 (LBO) – Sri Lanka is planning to revive an initiative to encourage civil aviation and aerial sports in the island after security restrictions resulting from an internal conflict all but killed the industry. Likewise, he added, hang gliders can fly at a top speed of 30 miles an hour and not higher […]
Split Profits
KUALA LUMPUR, Oct 1, 2007 (AFP) – Telecommunications giant Telekom Malaysia on Monday saw its share price jump by 11.3 percent in morning trade after the company announced a plan to split its mobile and fixed-line business. At 11:45 am (0345 GMT), Telekom Malaysia shares rose 1.10 ringgit to 10.80 (3.18 dollars) on the Kuala […]
Health Injection
Oct 01, 2007 (LBO) – Aureos South Asia Fund (ASAF) has invested five million dollars in an Apollo hospital in Bangladesh, the South Asian focused investment fund said. The Bangladesh Taka 343 million injection goes to STS Holdings, which owns the Apollo Hospital in the country. The investment will boost STS Holdings’ plans for further […]
BPO Game
BANGALORE, India, Sept 30, 2007 (AFP) – India remains the favoured technology outsourcing destination, an industry report said Sunday, amid concerns a rising rupee and soaring wages would blunt the country’s competitive edge. Pure-play outsourcing firms account for about 10 percent of the 50 billion dollars in revenue logged in the year ended March by […]
Ocean Freight
Sept 30 (LBO) – Sri Lankan shippers say the government should follow the example of other countries in the region like India and China and introduce laws to curb the powers of shipping lines acting like cartels. The Global Shippers’ Forum and Asian Shippers Council at their recent meeting in Singapore called upon Asian governments […]
Bell smashes century in England Sri Lanka warm up
Sept 28, 2007 (AFP) – Ian Bell warmed up for the upcoming one-day series against Sri Lanka with an unbeaten century as England posted an 80-run victory in a practice match here on Friday.Bell smashed four sixes and 12 fours in his 121-ball 131 not out to help England reach 314-4 against a Sri Lanka […]
Sri Lanka aviators call for greater freedom of the skies
Sept 29, 2007 (LBO) – Sri Lanka’s aviation professionals are calling for practical security rules and an enlightened approach by authorities to prevent a once high flying sector from going completely off radar. The Indian Ocean island’s aviation sector is now strangled in security regulations where even a little child is not allowed to fly […]
England wary of tough times ahead in Sri Lanka
Sept 27, 2007 (AFP) – England are aware of the Sri Lanka cauldron when they start the next week’s five-match One-Day series, captain Paul Collingwood said here Thursday. “The hot conditions do favour the local team, it is one of the most difficult places to play cricket due to the weather,” Collingwood said, adding that […]
Sri Lanka stadium set to host England
Sept 28, 2007 (AFP) – The tsunami-hit Galle International Cricket Stadium has overcome a heritage hurdle and is on track to host Sri Lanka’s third Test match against England in December, an official said Friday. The curator of the picturesque ground in the southern resort town of Galle, Jayananda Warnaweera, said construction work could be […]
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Last Lap
Sept 28, 2007 (LBO) – India’s Mahanagar Telephone Nigan Limited (MTNL) has submitted a bid over 100 million US dollars for the Sri Lankan telco Suntel, press reports from India said. A Press Trust of India report said a decision on the bid is expected within two weeks. Suntel, owned by Sweden’s Telia, runs a […]
Cell Value
Sept 28, 2007 (LBO) – Sri Lanka’s Dialog Telekom celco’s Malaysian parent, Telekom Malaysia, has announced the spin off of its mobile phone business into a separate firm to realize its full value and focus on expansion, news reports said Friday. The new unit, TM International, worth 8.2 billion dollars, would be the holding company […]