Category:
Moving Out
July 5, 2011 (LBO) – Sri Lanka’s information technology and business process outsourcing firms have started to expand out of the capital, to lower costs and also be closer to the residents of potential workers, officials said. Dinesh Saparamadu, head of HSenid, a software developer said his firm had set up a research and development […]
Sri Lanka carrier takes delivery of A340 aircraft
July 05, 2011 (LBO) – Sri Lanka’s national carrier, SriLankan Airlines has taken delivery of a 243 seat Airbus A340 aircraft with flatbeds, the airline said. SriLankan chairman Nishantha Wickremasinghe said the airline had asked for quotes to acquire Boeing 777 aircraft to retire older A340s. The latest aircraft has increased the airline’s A340 fleet […]
Sri Lanka carrier seeks Boeing long-haul aircraft
July 5, 2011 (LBO) – Sri Lanka’s state-run national carrier SriLankan Airlines has sought a quote from US-based Boeing aircraft to replace its ageing long-haul Airbus fleet, but the European aircraft maker is also in the running, an official said. SriLankan Airlines chairman Nishantha Wickremasinghe said the supplier of its new long haul fleet will […]
Sri Lanka appeals for power saving as reservoirs run dry
July 05, 2011 (LBO) – Sri Lanka has appealed to the public to reduce consumption during peak hours, saying hydro-power reservoirs were running dry and several thermal plants had broken down but no power cuts will be imposed. The power ministry said in a statement no power cuts will be imposed despite reports of unofficial […]
Sri Lanka to scale down T20 league
July 5, 2011 (AFP) – Sri Lanka’s cash-strapped cricket governing body is likely to scale down its inaugural Twenty20 league and go ahead without foreign players, a source close to the process said Tuesday. The Sri Lanka Premier League (SLPL) was scheduled to kick off on July 19 with players from Australia, India, New Zealand, […]
Sangakkara wants politics out of Sri Lankan cricket
LONDON, July 4, 2011 (AFP) – Sri Lanka star Kumar Sangakkara has welcomed the International Cricket Council (ICC) directive requiring all national boards to be elected without political interference. His call came just days after Sri Lanka’s sports minister said he had forced the national cricket board committee to step down following allegations of financial […]
Sri Lanka shares end down 0.4-pct
July 04, 2011 (LBO) – Sri Lankan shares closed 0.41 percent weaker Monday with a low turnover and reduced retail participation, brokers said. Associated Motor Finance Company closed at 300 rupees, up 50 percent or 100 rupees. Singalanka Standard Chemicals closed at 2,090. 90, up 287.20 or 15.92 percent. Keels Food Products closed at 125.20 […]
Software Suite
July 04, 2011 (LBO) – Sri Lanka’s Citizens Development Business Finance has selected a banking technology platform developed by Polaris Software and MillenniumIT, a statement said. The IntellectTM product suite supports a wide spectrum of banking operations such as general ledger and deposits, along with specialized modules like pawning, debentures, and audit trail. “This well […]
Sri Lanka to turn war-time fort into tourist attraction
July 04, 2011 (LBO) – Sri Lanka plans to convert a colonial-era fort in the north that was also fought over during the recent ethnic war into a tourist attraction, the economic development ministry said in a statement. “Since the end of the war large numbers of local and foreign tourists flock to Jaffna daily. […]
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NEW DELHI, July 4, 2011 (AFP) – Feuds over property and deadly clashes over land are as much a part of India’s economic rise as call centres and the foreign acquisitions made by its leading companies. “I wonder if this amoral energy (which Shah possesses) is what it takes to start a new nation,” Adiga […]
SriLankan Airlines cuts air fares
July 04, 2011 (LBO) – SriLankan Airlines said it has cut ticket prices by about 15-20 percent in general on flights from Colombo with special one-way fares for students and migrant workers and group fares for pilgrims. It said in a statement the “flexible air fare plan provides a more competitive range of fares for […]
Philippines want to open air services to Sri Lanka: report
July 4, 2011 (LBO) – Aviation authorities in Philippines want to expand air links with Sri Lanka in talks set for July to take forward the country’s ‘open skies’ policy and boost tourism, a media report said. Phillippine Daily Inquirer newspaper said the country’s Civil Aeronautics Board was seeking space to increase flights to the […]