Text Reminders

Jan 20, 2010 (LBO) – Sri Lanka’s credit information office is planning a text message alert service by mobile phone for borrowers who forget to make credit card payments, an official said. The service is likely to be available by April. Sri Lanka has about four million borrowers. Gamini Karunaratne, general manager of the Sri […]

Sri Lanka cable firm to build hotels

Jan 20, 2010 (LBO) – Sierra Cables, a listed power cable maker said it will build hotels in a joint venture with another group as strong tourist arrivals increased drew investment capital into the sector. Colombo is to see at least two 500 million dollar hotel and apartment development complexes on state land and existing […]

Sri Lanka to open rice flour factory with state backing

Jan 20, 2011 (LBO) – Sri Lanka is opening a rice flour factory with a loan from a state bank re-financed by the central bank, the monetary authority said. The central bank said the monetary “in association with several key stakeholders and two state banks, is currently promoting rice based industries in the country with […]

Anti Smuggling

OTTAWA, January 19, 2011 (AFP) – Canadian Public Safety Minister Vic Toews renewed calls Wednesday for tougher measures to curb human smuggling, amid reports the defeated Tamil rebels are regrouping in his country. Toews said “new information” suggests that “syndicated criminal networks are organizing migrant smuggling ventures potentially destined for Canada. ” Without elaborating, he […]

‘s IndiGo to start overseas flights

NEW DELHI, January 20, 2011 (AFP) – India’s ambitious budget airline IndiGo will start international operations in August, the company said in a statement, a week after it placed a huge order for 180 new aircraft. The aviation ministry has approved IndiGo’s proposal to launch services to Singapore, Bangkok, Dubai and Muscat. “IndiGo is delighted […]

”: watchdog

PARIS, January 20, 2011 (AFP) – Leading media freedom group Reporters Without Borders on Thursday accused Nobel-winning author Orhan Pamuk and other writers of legitimising repression in Sri Lanka by attending a literary festival there. Paris-based Reporters Without Borders (RSF) said it was “disturbing” that Sri Lanka should celebrate literature while suppressing freedom of expression […]

Sri Lanka Jaffna hospital upgraded by Japan

Jan 20, 2011 (LBO) – Sri Lanka’s Jaffna hospital, the main state health facility in the former war torn northern peninsular is being upgraded with a 2. 9 billion rupee grant in a three year project which began Thursday, the Japan International Co-operation Agency said. A central facility to house surgeries, intensive care, diagnostic imaging, […]

Sri Lanka second hotel scouted by Swiss leisure group

Jan 18, 2010 (LBO) – Swiss-based MÅ‘venpick Hotels and Resorts, which is to manage a city hotel in Sri Lanka’s capital Colombo is looking for opportunity to run a resort elsewhere in the island, an official said. The group has a 12-year deal with options to extend another 10 years with Softlogic. Softlogic has interests […]

UN seeks $51 million for Sri Lanka flood victims

January 19, 2011 (AFP) – The United Nations on Wednesday sought 51 million dollars to meet the urgent needs of more than one million people affected by recent monsoon floods in Sri Lanka. Bragg will end her visit on Friday after meeting with senior Sri Lankan government officials. The UN issued the appeal as its […]

Sri Lanka shares close up 0.7-pct

Jan 18, 2011(LBO) – Sri Lankan stocks closed up 0. 7 percent Tuesday with active retail trading and low value counters dominating the market, brokers said. Turnover was 3.4 billion rupees. “There has been an absence of significant foreign investment in the market the last few days,” Thakshila Hulangamuwa of Asha Phillips Securities said. Biggest […]

Sri Lanka to push green jobs

Jan 18, 2010 (LBO) – Sri Lanka labour minsitry and the internatonal labour organisaton is to look for ways to create more ‘green jobs’ and provide skills for workers in environmentally friendly enterprises. “Moving the Sri Lankan economy onto an environmentally sustainable and low carbon development path will change the socio-economic structures of the country […]

Sri Lanka mahouts suspended over elephant death

January 17, 2011 (AFP) – Sri Lanka’s main elephant orphanage Monday suspended two mahouts and a curator following the death of a 23-year-old male pachyderm in their care, a senior official said. Elephants are considered sacred animals in Sri Lanka and a judicial inquiry is required before one can be buried. Gunaratne said the centre […]

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