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‘s Lakvijaya power plant down
Aug 08, 2012 (LBO) – Power generation in Sri Lanka’s newly built Lakvijaya coal power plant in north-western Puttalam district has been temporarily suspended due to a problem in a transmission line,the ministry of power and energy releasing a statement said. The ministry said a sudden breakdown in the transmission line which takes power from […]
Sri Lanka’s central bank leaves policy rates unchanged
August 07, 2012 (LBO) – Sri Lanka’s Central Bank Tuesday left its trend setting short-term rates unchanged for the fourth straight month as monetary authorities move to cool inflation. The bank said its benchmark reverse repurchase rate, used to manage liquidity and contain inflation, stays at 9. 75 percent. The short-term repurchase rate, at which […]
Sri Lanka stocks down 0.61 pct
Aug 07, 2012 (LBO) – Sri Lanka stocks closed down Tuesday amid increased interest in Ceylon Tobacco Company at 700 rupees, brokers said. Aviva NDB Insurance PLC gained 15.70 to close at 279.70 up 5.93 percent. Colombo Dockyard closed flat at 190.00 rupees. DFCC rose 0.60 cents to close at 110.00 up 0.55 percent. Dialog […]
Formal Training
August 07, 2012 (LBO) – Sri Lanka’s Shippers’ Academy Colombo has launched a comprehensive transport, logistics and trade course to help develop the careers of those working in the logistics trade. The career path has three segments, where a three month certificate course will lead to a requirement fulfilment of the Director Merchant Shipping to […]
Reserve Kitty
August 07, 2012 (LBO) – Sri Lanka’s foreign reserves stood at over seven billion dollars as at end July largely due to proceeds from the one billion sovereign bond, the central bank said. The island’s stock exchange netted in 205 million dollars during the seven month period, despite the benchmark All Share Price Index down […]
Recruiting Business
Aug 06, 2012 (LBO) – Sri Lanka’s unit of Randstad, a global recruiting and HR consultancy group is working on an awards scheme to select the best employers in the island, a top executive said. “Our understanding of the overall employment market and particular sectors, who your competitors are, where talent is likely to be […]
Sri Lanka stocks down 0.06 pct
Aug 06, 2012 (LBO) – Sri Lanka stocks closed flat Monday after opening trade on a positive note, brokers said. The All Share Price Index slipped 2.97 points to close at 4,928.50 down 0.06 percent. The Milanka index of more liquid stocks slid 0.48 points to close at 4,380.27. The S&P 20 Index of large […]
Sri Lanka aims to attract more American travelers
August 06, 2012 (LBO) – Sri Lanka is on a drive to attract 100,000 American tourists by 2016 in a bid to woo part of tourist traffic to the Maldives and India and attract more up market travelers to the island, a diplomat said. “We are working on an aggressive campaign to attract 100,000 American […]
Sri Lanka to connect 30MW wind power this week
Aug 06, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board will connect 30MegaWatts of wind power from three privately owned wind power plants this week, pushing total capacity to 63MW, the islands, power ministry said. The three plants will contribute about 90 Giga Watt hours (millions of units) of energy a year, or about […]
New Investor
August 05, 2012 (LBO) – Pakistan based Lakhani group is looking to invest eight million dollars to build a university and a three star city hotel in Colombo, a top executive said. Naveed Hussain Lakhani, Chairman of Imperial builders (Pvt) Ltd, a subsidiary of the Lakhani group said the company is currently looking for a […]
Sri Lankan airlines to boost flight training capacity with second simulator
August 05, 2012 (LBO) – State run Sri Lankan airlines is to take delivery of a new Dutch built A330 flight simulator early next year increasing the airline’s capacity to offer flight simulator services to regional carriers, the airline said. The A320 flight simulator installed at the airline’s flight training school last year has helped […]
New Sri Lankan book tackles alternatives to revive state firms
August 05, 2012 (LBO) – A Sri Lankan infrastructure specialist is sharing ideas on how loss-making state enterprises can transform themselves into a profitable venture in a new book written in Sinhala. Apata Galapena Arthika Kramaveda, a collection of articles on economics in Rohan Samarajiva, expert on infrastructure policies and C J Amaratunga, veteran journalist, […]