Category:
Internationalism
May 8, 2013 (LBO) – Chairman of Sri Lanka Ports Authority, Priyath Wickrama has been elected third vice president of Tokyo based International Association of Ports and Harbors (IAPH), an industry body.The 12th IAPH Asian/Oceania Regional Meeting/Port Forum had been hosted in Colombo for the first time in March 2012. Wickrama was born in Matara, […]
Foundation
May 08, 2013 (LBO) – Sri Lanka is tipped to need about 53 billion dollars over the next few years to develop vital infrastructure to propel economic growth, an infrastructure specialist said. “We see tremendous opportunity for Sri Lanka. The key to Sri Lanka’s vision to have motorable transport, integrated roads, railways and ports system,” […]
‘s Sigiriya and Dolphin Hotels sprucing up
May 08, 2013 (LBO) – Hotel Sigiriya Plc in central Sri Lanka and Club Dolphin Hotel on the Western Coast are being refurbished, the companies said.. Club Hotel Dolphin, a part of Sri Lanka’s Hemas group will be closed from May to October 2013, the company said in a stock exchange filing. Hotel Sigiriya will […]
Sri Lanka to boost deep sea fishing, double exports to US$500mn
May 08, 2012 (LBO) – Sri Lanka is planning to boost deep sea fishing and double tuna exports by 2015 with the help of new vessels from Japan and China, fisheries minister Rajitha Senaratne said. At the moment a few dozen foreign flagged deep sea fishing vessels from Taiwan, Indonesia and Malaysia were operating in […]
Sri Lanka floods hit 90,000 people, no cyclone threat
May 08, 2013 (LBO) – Heavy rains have left 90,000 people hit by floods in Sri Lanka’s Western province around the capital Colombo, but there was no cyclone threat, authorities said.However general public has been advised to be vigilant about heavy rain, lightning activities and localized strong winds during thundershowers. Torrential rains over the past […]
SriLankan Airlines says freight carriage hits new high
May 8, 2013 (LBO) – State-run SriLankan Airlines said it carried 101,000 tonnes of freight in the year to March 2013, up 15 percent from a year earlier, the highest since 2008.SriLankan said it manages a 20,000 square meter cargo centre in Katunayake and 5,000 square feet facility at Mattala airport. The airline said revenues […]
Sri Lanka exports down 2.8-pct in March, apparel up
May 08, 2013 (LBO) – Sri Lanka’s exports fell 2.8 percent to 837 million US dollars in March 2013 from a year earlier, but apparel was up 5.0 percent to 344.5 million US dollars. The Central Bank said remittances fell 3.4 percent to 545.5 million US dollars. When remittances or exports fall, imports will also […]
Ahoy
May 07, 2013 (LBO) – State-run Dredging Corporation of India has dredged Sri Lanka’s Kankasanthurai Habhour in the northern Jaffna peninsular, in a two week operation, India’s High Commission (embassy) in Colombo said.A ‘trailer suction hopper dredger’ had arrived at KKS Harbhour on April 19 and had completed the task by May 03 in a […]
New Chief
May 07, 2013 (LBO) – HSBC Sri Lanka said Patrick Gallagher has taken over as chief executive of HSBC Sri Lanka and Maldives. He succeeds Nick A Nicolaou, who has retired after more than 35 years with the HSBC group. Gallagher has joined the HSBC Group in 1989 and has worked in Bahrain, Hong Kong, […]
Sri Lanka tourist arrivals up 7.7-pct in March, Indian arrivals plunge
May 07, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 7.7 percent to 98,155 in March 2013 with strong growth from key Western markets and China, but arrivals from India plunged, official data shows.In the first two months of the year arrivals were up 10.9 percent to 288,798. Arrivals from Western Europe, a key generating […]
Sri Lanka replants damaged coral
May 07, 2013 (LBO) – Sri Lanka’s Commercial Bank said it is helping wildlife authorities replant coral in a marine park in the South West of the island which has been damaged over the last 15 years. Sri Lanka’s Department of Wildlife plans to replant 1,000 square feet of coral in Wadduwa which is part […]
Sri Lanka stocks surge 1.8-pct
Apr 29, 2013 (LBO) – Sri Lanka’s stock surged up 1.8 percent Monday adding 40 billion rupees to stock values partly helped improved sentiment from a 2.9 billion rupee ceramic sector acquisition, brokers said. Commercial Leasing and Finance gained 0.30 rupees to close at 4.90 rupees The stock exchange said top contributors to the index […]