Category: Industry
Maritime Fraud
August 09, 2007 (LBO) – Trade finance involving shipment of goods by sea could lend itself to money laundering, a top international maritime fraud investigator has warned Sri Lanka’s shipping community. Companies involved in the transport of goods by sea and related business like banks should take more care in their transactions and know better […]
Prized Project
Aug 08, 2007 (LBO) – A Sri Lankan ICT project using a digital, interactive educational content system in the Sinhala language aimed at developing self-learning capacity among rural students has won an international award. The ‘Shilpa Sayura’ project was awarded the Information for Development (i4d) award at the recent eINDIA 2007 Conference in New Delhi, […]
Going Global
Aug 08, 2007 (LBO) – Sri Lanka’s Triad advertising has got affiliated to thenetworkone, a global network of specialist agencies, with the aim of giving overseas exposure to Sri Lankan brands. “We felt there was a need to have an international platform and that was the only way we could go forward and give our […]
Floating Lien
August 08, 2007 (LBO) – Sri Lanka’s Central Bank Governor Nivard Cabraal said he will look at the banking sector’s reluctance to lend to ship-owners and called for new methods of financing that may allay the concerns of lenders. The island’s banks had hitherto been reluctant to provide ship financing as they were unfamiliar with […]
Squeaky Clean
August 08, 2007 (LBO) –Sri Lanka’s airports authority has awarded the cleaning and facility management contract for the Banaranaike International Airport (BIA) to Sinar Malship Lanka, the company announced Wednesday. Sinar Malship Lanka, formed under the Board of Investment in collaboration with Malaysia’s Sinar Jernih, adopts British Institute of Cleaning Science methods to comply with […]
Once Bitten¦
August 07, 2007 (LBO) – Indian Oil Corporation (IOC) may put off overseas expansion following its experience in Sri Lanka where it lost money after being forced to under-price fuel and government subsidies got delayed, Indian media reported. State-owned IOC is delaying an entry to Malaysia and Indonesia where oil subsidies are also in place, […]
Sri Lanka Cricket cuts Atapattu loose
Aug 7, 2007 (AFP) – Sri Lanka’s cricket governing body Monday released former captain Marvan Atapattu from his contract, effectively ending his career with the national team. “We decided at this evening’s committee meeting to release Marvan Atapattu from his contract from October 1,” Kangadaran Mathivanan, secretary of Sri Lanka Cricket (SLC) told AFP. Atapattu […]
Sri Lanka cricket beefs up coaching staff
Aug 7, 2007 (AFP) – Sri Lanka will have a new coaching staff in place from next week to prepare the team for the inaugural Twenty20 world championships in September, an official said on Tuesday. Australian Trevor Bayliss, who was appointed coach after Tom Moody resigned in May, trainer Jade Roberts and assistant coach Paul […]
3G Link
August 07, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom, a unit of Telecom Malaysia, said Tuesday it had launched a third generation (3G) international video calling service. “The convergence of the internet with mobile communication technologies has created limitless possibilities, and the 3G growth potential in Sri Lanka is immense,” Dialog’s head of […]
Cargo Hub
August 06, 2007 (LBO) – Colombo port’s state-owned container terminal plans to add more berths for feeder vessels in an effort to improve productivity and reduce congestion caused by growing cargo flows and tighter security. The Sri Lanka Ports Authority (SLPA) will introduce four new feeder berths for the smaller container vessels that call at […]
Screech
August 7, 2007 (LBO) – Sri Lanka’s auto market is slowing with new vehicles registrations slumping 30 percent in the June quarter, a top vehicle distributor has said. Associate Motorways (AMW) a listed firm which has the agency to Nissan of Japan and Suzuki Maruti of India said consolidated after tax profits of the group […]
Atapattu asks for release from Sri Lanka contract
Aug 5, 2007 (AFP) – Sri Lanka’s former captain Marvan Atapattu has asked to be released from his contract with the national team, cricket officials said Sunday.Sri Lanka Cricket (SLC) chief executive officer Duleep Mendis said that Atapattu had sent a letter requesting to be discharged from the team. Mendis said the SLC, the governing […]