Category: Industry
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 […]
Gas Formula
August 31, 2007 (LBO) – Sri Lanka’s liquid petroleum gas (LPG) prices are to be adjusted every two months on a price formula agreed with the island’s consumer authority, Shell Gas Lanka said. Economic analysts say frequent changes in LP gas prices, which are only used in a third of the households in the country, […]
” for injury
Aug 31, 2007 (AFP) – Sri Lanka’s star spin bowler Muttiah Muralitharan believes he will need just rest not surgery for his nagging shoulder injury, his manager said Friday.“He needs rest for about four weeks and physiotherapy,” manager Kushil Gunasekera told AFP. The off-spinner will return to Colombo as scheduled on Sunday from his English […]
Sri Lanka wins 200m bronze at Osaka
August 31, 2007 (LBO) – Sri Lanka’s Susanthika Jayasinghe won the bronze medal for the women’s 200 meter event at the international athletics championships in Osaka Friday. Jayasinghe was disqualified for the 100 meter event due a false start. Allyson Felix won gold with a time of 21.81 seconds and Jamaica’s Veronica Campbell won silver […]
Techy Production
August 31, 2007 (LBO) – MAS Intimates, a division of Sri Lanka’s MAS Holdings specializing in lingerie, has won a top award by the enterprise resources software maker SAP for the deployment and use of its technology, the group said.Operating 28 manufacturing facilities worldwide, MAS offer design services through studios in the UK and Hong […]
No Rules
August 30, 2007 (LBO) – Sri Lanka power engineers have called off all industrial action including a non co-operation campaign following a second meeting with senior government officials. The Ceylon Electricity Board Engineers Union (CEBEU) met senior government officials at Temple Trees on Tuesday following an initial meeting on Sunday. Union officials said most of […]
Fast Downlink
August 30, 2007 (LBO) — The US Agency for International Development has teamed up with local and international partners to launch over a dozen of high speed Internet kiosks in far-flung towns outside the city of Colombo, officials said Thursday.The 700,000 dollar project is targeting 15 budding entrepreneurs who are willing to take the risk, […]
Sri Lanka Hilton says multiple revenue streams cushions tourism hit
August 30, 2007 (LBO) – Sri Lanka’s Hilton Hotel is less affected than resort hotels by the drop in tourist numbers since it has multiple revenue streams, officials said. The hotel, which is owned by a Colombo listed company with state-ownership, is operated by the Hilton Hotels Corporation chain that has over 2,800 hotels in […]
Citi Performance
August 30, 2007 (LBO) – Citibank’s Sri Lanka unit net profits zoomed 82 percent in the first half of 2007 driven by hefty foreign exchange gains, interim results released by the bank showed.However the bank’s total loan book grew to 13.5 billion rupees from 9.7 billion and gross assets grew to 27.1 billion from 24.0 […]
Refining Plan
August 29, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-owned oil refiner and distributor, is evaluating bids from two parties to conduct a feasibility study for its refinery expansion, a top official said. De Mel wants to acquire a hydro-cracker that can increase the yield of diesel in particular. Updated “We have […]
Sri Lanka Susanthika passes 200m heat
August 29, 2007 (LBO) – Sri Lanka sprinter Susanthika Jayasinghe qualified for the 200 metres women’s event at the IAAF World Championships in Osaka overcoming an earlier disappointment at the 100 metre heats. “It was really important for me to finish strong to draw a good lane in the next round,” Jayasinghe said. “I was […]
‘s Mahela, Muttiah among ICC award nominees
MUMBAI, Aug 28, 2007 (AFP) – Test captains Ricky Ponting of Australia and Mahela Jayawardene of Sri Lanka were on Tuesday nominated in four categories for the 2007 International Cricket Council awards.The winners will be announced at the ICC awards night to be held in Johannesburg on September 10, a day before the inaugural World […]