Category: Industry
Green Buildings
Sept 04, 2007 (LBO) – Cement manufacturer Holcim™s Sri Lanka unit Monday announced that it had begun receiving entries for the company’s second sustainable construction awards competition in which the top prize is 100,000 US dollars. Entries in the competition, designed to promote environmentally friendly construction, can be submitted until February 2008, Edward Schwarz, general […]
Submarine Map
Sept 04, 2007 (LBO) – A Norwegian firm said it has been sub-contracted for two-dimensional seismic surveys of the seabed off Sri Lanka, as the island forges ahead to claim an extended continental shelf under international law. It is listed on the Oslo Stock Exchange. SCAN Geophysical Monday announced that the company has been awarded […]
Cash Cycle
Sept 04, 2007 (LBO) – Sri Lankan companies have invested millions of dollars to develop modern warehousing for tea sold at the Colombo auction, the world’s biggest, slashing lead times to hours or even minutes, an industry official said. They provide real time cataloguing and computerised systems that enable quick transfer of goods from producer […]
Sri Lanka joins hands with Maldives to promote tourism
Sept 4, 2007 (AFP) – Sri Lanka has teamed up with the neighbouring island paradise of the Maldives to woo tourists from China, Russia and the Middle East, officials said Tuesday. Sri Lanka’s 26-billion-dollar economy earned nearly 400 million dollars from tourism last year, the fourth largest foreign currency earner behind tea, clothing and remittances […]
Asset Backed
Sept 03, 2007 (LBO) – Fitch Sri Lanka has affirmed the ‘A (lka) national rating given to lease-backed securities of Senkadagala Finance Company, which has a ‘BBB+ (lka)’ rating with a stable outlook. The Lease Backed Trust Certificates (LBTCs) were issued by the special purpose vehicle Senkadagala Finance Trust Three (SFT3) with its credit enhanced […]
Not Yet
Sept 03, 2007 (LBO) – No decision has yet been made to close the UK visa office in Colombo, though a review is underway, the British High Commission in Colombo said Monday. Press reports had said the visa office may be closed and moved to India. “There is an ongoing review into British visa services […]
Twenty20 cricket opens new international era
NEW DELHI, Sept 2, 2007 (AFP) – International cricket enters a new era of short, sharp entertainment from September 11 when the inaugural Twenty20 World Championship takes place in South Africa. Innovative strokeplay and a flurry of sixes and boundaries is the name of the 20-overs-a-side game designed for those looking for excitement, but don’t […]
‘s Susanthika aims for Olympics
OSAKA, Japan, Sept 1, 2007 (AFP) – America’s Allyson Felix named Beijing Olympics gold as her number one priority after scorching to a morale-boosting win in the world 200 metres final. The defending champion became the first woman to run under 22 seconds in eight years, smashing her personal best with 21.81 seconds as she […]
Uncapped Sri Lanka spinner to replace Muralitharan
Sept 1, 2007 (AFP) – Sri Lankan cricket selectors Saturday picked uncapped off spinner Dilruwan Perera to replace the injured Muttiah Muralitharan in the ICC World Twenty-20 championships in South Africa. “It is with regret we inform our cricket fans that Muttiah Muralitharan has been compelled to pull out of the Twenty-20 World Cup squad […]
Electronic Trade
September 01, 2007 (LBO) – Millennium IT, one of Sri Lanka’s key software developers, has secured the contract to automate the centuries old tea auction system, an official said.Sri Lanka, which is better known for its high quality aromatic tea known by the country’s previous name Ceylon, is made with tender leafs and buds of […]
Top Job
September 01, 2007 (LBO) – The newly set up Bharti Airtel Sri Lanka unit had hired a top Unilever official to head its operation in the island, Lanka Business Online learns. The rest is shared between Mobitel, a unit of fixed operator Sri Lanka Telecom; Tigo, a unit of Millicom International Cellular and Hutch, a […]
Ploughing On
September 01, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AAA (lka) rating of HSBC’s Sri Lanka branch with a ‘stable’ outlook, the rating agency said. HSBCSL is the largest foreign bank in Sri Lanka in term of assets and operates 14 branches in Sri Lanka, primarily in the Colombo district. HSBC Sri Lanka […]