Category: Industry
Sri Lanka hopes for tourism recovery with easing of travel advisories
Sept 15, 2007 (LBO) – Sri Lanka is confident of achieving its target of attracting 600,000 tourists this year following the relaxation of travel advisories in key markets, tourist board officials say. “We are confident that this year, looking at the progress we have, we’ll be able to achieve 600,000 tourists for this year,” S. […]
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies in the market which is dominated by the US brand Caltex. Sri Lanka’s annual lube market is around 45,000 kilolitres. The new companies to enter the fray […]
” sanctions
PARIS, Sept 13, 2007 (AFP) – McLaren boss Ron Dennis has refused to accept the FIA’s decision to strip his team of their 2007 constructors’ championship points for their involvement in the Formula One spy saga. Formula One’s governing body has also fined the British team 100 million dollars for incorporating illegally obtained Ferrari intellectual […]
Kenya elect to field against Sri Lanka
JOHANNESBURG, Sept 14, 2007 (AFP) – Kenya captain Steve Tikolo won the toss and sent Sri Lanka in to bat in a group C match of the Twenty20 world championships at the Wanderers here on Friday.Kenya need a win to stay in contention for the Super Eights round after losing their first game to New […]
Sri Lanka thrash Kenya for highest T20 total
JOHANNESBURG, Sept 14, 2007 (AFP) – Sri Lanka went on a spectacular run spree to post the highest Twenty20 total of 260-6 in the world championship match against hapless Kenya here on Friday.Veteran Sanath Jayasuriya led the way with 88 off 44 balls and captain Mahela Jayawardene hit 65 off 28 before Jehan Mubarak smashed […]
Bid Probe
Sept 14, 2007 (LBO) – Sri Lanka’s top law official has begun probing a complaint of anti-competitive practices against one of the main bidders to build and operate a container terminal in the planned new deep-draft port next to Colombo, officials said. Hyundai Engineering Construction of Korea made the lowest bid at 36 billion rupees […]
Canal Block
NEW DELHI, Sept 14, 2007 (AFP) – India’s government said Friday it was putting on hold its bid to dredge a crucial shipping lane after being accused of blasphemy by Hindu activists who argue the project will damage a sacred site. The government denied the existence of a Hindu god to justify the project, which […]
Gas Market
Sept 13, 2007 (LBO) – Lanka Auto Gas and Fuel Systems (LAUGFS) plans to set up a gas storage terminal in southern Galle at a cost of 12 million dollars, a top official said. Laugfs decided to build their own terminal because the liquid petroleum gas market was growing and also because of difficulties in […]
‘s winter Sri Lanka tour could begin early
COLOMBO, Sept 13, 2007 (AFP) – The first of England’s two winter tours to Sri Lanka will start earlier than planned if they fail to reach the World Twenty20 semi-finals, a senior Sri Lanka Cricket official said Thursday.“They have asked if we have any objections to their coming early. We have said no objections,” the […]
Price War
Sept 13, 2007 (LBO) – The bunker fuels subsidiary of John Keells Holdings, a top money-spinner of the group, looks set to face heightened competition with a rival supplier in Colombo port threatening to cut prices. The Sri Lanka Shipping Group, which sells ship fuel through its bunkering subsidiary, Lanka Maritime Services, has said it […]
Peak Price
SINGAPORE, Sept 13, 2007 (AFP) – Crude oil prices weakened in Asian trade Thursday on profit-taking after scaling new peaks on concerns over tight US supplies and hurricane worries, dealers said. At 10:35 am (0235 GMT), New York’s main contract, light sweet crude for October delivery dropped 25 cents to 79.66 US dollars a barrel […]
New High
VIENNA, Sept 11, 2007 (AFP) – OPEC exporters agreed Tuesday to pump an extra 500,000 barrels of oil a day to cool near-record crude prices, in a victory for Saudi Arabia over its reluctant partners.Analysts said that while the gesture would ease fears about a supply crunch heading into the northern hemisphere winter, the peak […]