Category: Industry
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 […]
No Rules
Sept 28, 2007 (LBO) – Sri Lankan shippers complain of government inaction in bringing anti-price fixing rules for shipping while India is moving against shipping lines accused of acting like cartels. The Shippers’ Council said they have now been forced to take court action to prod the government into action. “India is taking steps to […]
Cargo Logistics
Sept 27, 2007 (LBO) – Sri Lanka’s Hayleys conglomerate Thursday announced a new brand for its supply chain management business saying it wanted to expand in the Asia-Pacific market and had opened new offices in India and the USA. The group’s cargo logistics services will now be sold under the ‘Civaro’ brand which will bring […]
Breakwater Contract
Sept 28, 2007 (LBO) – Sri Lanka has picked Hyundai, a Korean firm, to build a breakwater in Colombo that will allow terminal operators to nearly double the container handling capacity at the Port, an official said. The 320 million dollar contract will be awarded to Hyundai if Asian Development Bank, the concessional lender to […]
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 […]
Ancient Wisdom
Sept 28, 2007 (LBO) – Five traits described in Buddhism which do not help achieve goals in life are also well suited for business and management, a top Sri Lankan management professional said. Restlessness, arrogance, procrastination, indulgence and doubt are traits that cloud one’s mind and judgment when trying to achieve goals. “These five are […]
Sri Lankan vegetable oil exporters demand removal of import tax
Sept 27, 2007 (LBO) – Exporters of ‘vanaspathi’ vegetable oil to India have called on Sri Lanka to remove a 25 dollar per tonne levy on raw material imports, if the industry is to survive. India has already imposed a quota for the product, to protect a domestic industry. Vanaspathi a type of hydrogenated vegetable […]
Northern Power
Sept 27, 2007 (LBO) – A Malaysian firm which has bought a listed construction firm in Colombo has said it had bought an independent power producer (IPP) which will supply Sri Lanka’s northern Jaffna peninsula. MTD has also been interested in an expressway Sri Lanka hopes to build between its capital Colombo and the central […]