Category:
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, […]
Sri Lanka, India trade deal seen containing deficit
August 04, 2012 (LBO) – A free trade deal between India and Sri Lanka has actually helped stabilise the island’s trade deficit with her larger neighbour, a senior economist has said. Concerns among Sri Lankan protectionist forces about the Indo-Lanka free trade agreement, that it was lopsided and favoured India, were largely misplaced, said Saman […]
Digging Deep
August 03, 2012 (LBO) – Sri Lanka’s Dialog Axiata PLC, the island’s largest mobile operator, said its group profits fell to 879.45 million rupees for the June quarter from 1.26 billion rupees reported in the same quarter 2011. A unit of Malaysia’s Axiata Berhard, Dialog’s group revenues grew to 14.1 billion rupees in the June […]
’s Trincomalee district
August 03, 2012 (LBO) – India has agreed to set-up a dedicated economic zone and to build a pharmaceutical hub in Sri Lanka as part of bilateral ties to strengthen economic trade between the South Asian neighbours, a minister said. The manufacturing investment zone, is due to come up in Sri Lanka’s eastern seaport district […]