Category:
Long Run
August 18, 2012 (LBO) – Sri Lanka™s Shaw Wallace and Hedges PLC plans to secure a 99-year lease on its Colombo property from the Urban Development Authority, a report said. Shaw Wallace has now told shareholders that it has plans to secure on a 99-year lease from the UDA an extent of 52.9 perches of […]
Sri Lanka says Chinese funded coal power plant to resume in fortnight
August 18, 2012 (LBO) – Sri Lanka said its 455 million dollar Chinese funded power plant will resume operation in two weeks, after its breakdown earlier in the week resulted in countrywide power cuts, a report said. “There are some technical problems in the Lakvijaya power plant. The Chinese company, the Ceylon Electricity Board and […]
Sri Lanka takes India in warm up World Cup games
August 18, 2012 (LBO) – Hosts Sri Lanka will begin their ICC World Twnety20 campaign with a warm-up match against India on September 15 in Colombo, the International Cricket Council said. The game will be followed by India taking on arch-rivals Pakistan on September 17 in Colombo. Sri Lanka will play their second warm-up match […]
Sri Lanka to hold international pepper conference in Colombo
Aug 17, 2012 (LBO) – Sri Lanka is to hold the 40th International pepper conference in Colombo later this, Cabinet spokesman Keheliya Rambukwella said. Sri Lanka produces some of the best high quality sought after pepper, which have been sought after buy foreign citizens for centuries. Pepper is cultivated over an area of 32,800 hectares […]
Sri Lanka CEB trade unions call off strike, comes down on demands
Aug 17, 2012 (LBO) – Trade unions of state monopoly power utility, the Ceylon Electricity Board (CEB) has called off a strike and agreed to work on five demands from an initial twelve, the ministry of power and energy releasing a statement said. The decision to call off the strike was taken following a discussion […]
Expert Help
Aug 17, 2012 (LBO) – Veteran Sri Lanka scientist in the petroleum industry, Dr Gamini Amarasekera has joined Laugfs Lubricants Limited as a consultant to improve its lubricant brand and services, the company releasing a statement said. Dr. Gamini Amarasekera holds a phD in Chemistry from Australia’s Swinburne University and is also a member of […]
Coming Back
Aug 16, 2012 (LBO) – British airways will resume flights to Sri Lanka in March 2013 after a fifteen year absence in the island, the airline said in a statement. Visitors from Western Europe to the island rose 22 percent to 41,584 with UK generating most tourists at 13,643 up 13.7 percent from a year […]
Industry Support
Aug 16, 2012 (LBO)- Sri Lanka’s Information and Communication technology industry needs a strong eco system and branding strategy to support the development of the sector and to expand businesses globally, an Internet pioneer said. Highlighting the importance of young entrepreneurship Wang said, modern and small businesses are playing a key role in creating innovative […]
Give up terror tactics and report to work – Ranawaka
Aug 16, 2012 (LBO) – Sri Lanka’s power minister Patali Champika Ranawaka has urged CEB trade unions to give up disruptive terror tactics and report to work and resolve worker grievances through discussions, the ministry releasing a statement said. Ranawaka alleged that politically motivated CEB trade unions have disrupted the power supply in the Ampara […]
Sri Lanka expands diplomatic ties in Latin America
Aug 16, 2012 (LBO) – Sri Lanka will start diplomatic relations with 13 Latin American countries, cabinet spokesman Keheliya Rambukwella said. “Promotion of diplomatic relations in a wide scale in this region will be another step forward in Sri Lanka’s foreign policy,” a cabinet paper said. Diplomatic relations will be established with Guatemala, Belize, Nicaragua, […]
Sri Lanka one year Treasuries slightly up
Aug 15, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up slightly on longer maturities at Wednesday’s auction with the one year yield reaching 13. 23 percent up 05 basis points from a week earlier, data from the state debt office showed. The process does not create fresh demand to pressure the country’s dollar peg […]
Sri Lanka tourist arrivals up 8 pct in July
Aug 15, 2012 (LBO) – Tourist arrivals to Sri Lanka rose 7. 8 percent to 90,338 in July 2012 from a year earlier, with arrivals up to July rising 16.7 percent to 543,205, data from the state tourism promotion office showed. In the first seven months of 2012, the top generating market was India, with […]