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Sri Lankan Airlines signs wage deal with aircraft technicians
Feb 08, 2011 (LBO) – SriLankan Airlines has signed a new three-year wage agreement with the union representing aircraft technicians, as it expands its fleets and seeks more aircraft maintenance business, a statement said. Talks are also going on with the Flight Attendants Union and the Association of Licensed Aircraft Engineers (ALAE), the other employee […]
Five Saudis charged after drunken forced landing in Sri Lanka
February 7, 2011 (AFP) – Five Saudi Arabian nationals appeared in court in Colombo on Monday after their allegedly drunken misbehaviour on board a flight from Dubai to Indonesia forced the plane to land in Sri Lanka. The men became unruly during the journey, shouting abuse at passengers and refusing to obey orders from cabin […]
‘s Murali to help Aussie spinners – report
SYDNEY, February 8, 2011 (AFP) – Legendary Sri Lankan bowler Muttiah Muralitharan is to take a guest coaching role at Australia’s top cricket academy in a bid to revamp the nation’s spin hopes, reports said Tuesday. Muralitharan, the world’s leading wicket-taker in both Tests and one-dayers, would spend several weeks at Cricket Australia’s Centre of […]
Sri Lanka to expand dam safety program
Feb 08, 2011 (LBO) – Sri Lanka will expand its dam safety program to cover more large reservoirs and will ask for additional funding from the World Bank following recent floods, officials said. D C S Alakanda, who heads Sri Lanka’s Dam Safety and Water Resources Planning Project said the talks with World Bank to […]
Sri Lankan floods pile on misery: UN
February 8, 2011 (AFP) – The United Nations said Tuesday that recent monsoon flooding in Sri Lanka had hit hundreds of thousands of victims who were forced from their homes just weeks ago. “The impact on people of this second wave of floods is even greater than the first in large part as peoples’ capacity […]
Sri Lanka central bank holds interest rates
Feb 08, 2011 (LBO) – Sri Lanka’s central bank held key interest rates unchanged at its monthly monetary policy meeting Tuesday, saying inflation was stable and food prices likely to fall when supply returns to normal. The bank is ready to take “appropriate measures” to ward off any increase in prices of key commodity imports […]
‘s new currency notes from today
Feb 07, 2011 (LBO) – Sri Lanka’s central bank has issued a new series of currency notes featuring economic infrastructure, traditional dancers and birds including a newly discovered endemic owl species. Based on a theme of ‘development, prosperity and Sri Lanka dancers, it is the 11th series of notes issued since the creation of the […]
Sri Lanka shares end up 0.47-pct
Feb 07, 2011(LBO) – Sri Lankan stocks closed up Monday with both indices pushed up by active retail investor participation in the diversified and trading sector stocks, brokers said. The All Share Price Index closed at 7,381.10, up 0.47 percent (34.29 points) while the Milanka Price Index of more liquid stocks closed at 7,211. 85, […]
Sri Lanka Continental Hotel cuts losses
Feb 07, 2011 (LBO) – Sri Lanka’s Continental Hotel, bought by the Hayleys conglomerate last year, has reduced its losses in the December 2010 quarter which marks the beginning of the peak tourism season, latest results showed. The hotel, the island’s oldest 5-star rated property in the capital Colombo, reduced its loss to 1. 8 […]
Sri Lanka island resort project off, says Six Senses
Feb 07, 2011 (LBO) – International luxury hotel chain Six Senses has pulled out of a deal to manage a resort being built on an islet off Sri Lanka’s north-west coast, according to company officials. Shivdasani said another project with Sri Lanka’s Aitken Spence group was going ahead near the southern town of Galle with […]
Sri Lanka plans US$90mn sale of east coast land
Feb 07, 2011 (LBO) – Sri Lanka will lease 500 acres of land in the east coast to hotel developers on a one-off payment for around 10 billion rupees (90 million US dollars) and the same model is likely to be followed in the north west Kalpitiya area, an official said. Hong Kong based Shangri-La […]
Mendis, Perera fire Sri Lanka to series-clinching win
February 6, 2011 (AFP) – Ajantha Mendis and Thisara Perera shared seven wickets as Sri Lanka posted a 26-run win over the West Indies in the third one-day international on Sunday to clinch the series 2-0. Sri Lanka showed the depth of their bowling line-up by defending their total of 277-9 and restricting the tourists […]