Search Results for: Sri Lanka

BY SWINEETHA DIAS WICKRAMNAYAKE
THE SRI Lanka government is considering proposals to set up a series of power plants fuelled by natural gas, with companies from Australia, the Middle East and Malaysia are among those making proposals to Columbo. Ministers have highlighted plans for an Australian company to install three 350MW natural gas power plants over nine years.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
AGREEMENT has been struck between the Japanese and Sri Lankan governments over funding for a SLRupees12 billion development project for the Bandaranaike International Airport (BIA), near Columbo, which was attacked by Tamil Tiger terrorists this summer.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
UNILEVER Ceylon Ltd is to close its Walls Ice Cream unit outside Colombo, Sri Lanka, due to worker unrest blamed on unions controlled by the Marxist JVP group, (Jathika Vimukthi Peramuna). The company said it will source ice cream for Sri Lanka elsewhere.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka, and KEITH NUTHALL
ELECTRONIC devices and double fencing with increased strong points are to be installed at Sri Lanka’s Bandaranaike International Airport to strengthen perimeter security, following the devastating recent attack by Tamil Tiger guerrillas.…

BY SWINEETHA DIAS WICKRAMANAYAKE
SHELL Lanka Ltd has contested statements in Sri Lanka’s state-run Public Enterprise Reforms Commission’s official website, that the company had recorded a profit of SL Rupees 379 million, (US$4.2 million), Rs.303 million and Rs.34 million in 1998, 1999 and 2000 respectively.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
THE TIMBER industry in Sri Lanka is to be given a boost with the setting up of a Dedicated Economic Centre in Lunawa, in the Colombo capital district of Sri Lanka.

Construction should begin start by the end of August for what is being called a one-stop-shop for the industry, which will include sales points and an exhibition centre, as well as centralised facilities for the seasoning of timber, polishing and stripping.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
A BILL banning advertising of alcohol in Sri Lanka has been adopted by country’s cabinet, following debates lasting nearly two years between health and drinks industry campaigners. The bill will now have to be submitted to the country’s parliament.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
THE PRESIDENT of the Indian Footwear Components Manufacturers’ Association has asked the New Delhi government to set up a Rupees 1,000 million technology modernisation fund to help the sector “face international competition and gain confidence.”…

BY SWINEETHA DIAS WICKRAMANAYAKE
A GIANT leather-tanning complex is to be set up at the cost of SL Rupees 24 billion at Bata Atha, Hungama, Sri Lanka. The project is being funded by private capital and aid, including payments from Norway.…

KEITH NUTHALL
BATA Ltd, Sri Lanka’s biggest shoemaker, has claimed that it is turning around from a period of financial and labour problems at its retail outlets, with increased production and planned profitability in the south Asian island. The multinational company’s Peruvian-born MD Jorge Carbajal rejected reports and speculation in the Sri Lankan press that Bata was closing down its island production unit, selling off interests to a competitor and limiting its operations to an import and distribution outfit.…