Search Results for: Sri Lankan

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
SRI Lanka’s Bata Shoe Company of Ceylon Ltd is continuing to lose money according to a report on the first nine months of the current financial year. To September 30, 2001, the company suffered a 10 per cent drop in turnover to SL Rupees 734.5 million and also a substantial increase in its operating losses, which grew to SL Rupees 62.8 million from SL Rupees 34.4 million a year earlier.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
THE CEYLON Chamber of Commerce has called on the Sri Lankan government to develop, upgrade and modernise Katunayake Airport with additional runways, facilities and hotel services in the next two years in a plan ‘Strategies for Growth Leveraging the Private Sector.’…

BY SWNINEETHA DIAS WICKRAMANAYAKA
ROYAL Ceramics Lanka Limited, one of the largest ceramic tile manufacturers in Sri Lanka, has launched a rights issue in a bid to raise more than SLRupees 246 million to try and almost double its present production capacity from 1.2 million square metres to 2.3 million square metres.…

BY SWINEETHA DIAS WICKRAMANAYAKA
THE PRICE of Sri Lankan coconuts could tumble if a plan by the country’s Coconut Cultivation Board to double the national annual production to about 7.6 billion nuts by increasing yields through scientific cultivation techniques is successful.…

BY SWINEETHA DIAS WICKRAMANAYAKE
THE SRI Lankan government has been urged by a working group of its National Development Council to proceed with the 300MW Norochcholai Coal Power Project immediately, if it wants to avert a future electricity crisis. The group wants the plant commissioned and generating power by January 2006, with a possible expansion being carried out by 2010.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
KEY Sri Lankan footwear player D. Samson & Sons Ltd has launched a cosmopolitan range of ladies footwear, “Personality Walk,” through its exclusive outlets in the country. The company is hoping that the range will persuade Sri Lankan consumers to abandon their taste for imported shoes.…

BY KEITH NUTHALL
A HIGH-LEVEL meeting of the Montreal Protocol controlling ozone-depleting chemicals has reviewed data on the use of CFCs by developing countries, concluding that while most are in compliance, 25 of 136 had increased their consumption in 1999. The meeting, in Sri Lanka, also agreed a study to help governments decide how to replenish the protocol fund helping developing countries phase-out ozone depleting chemicals.…

BY KEITH NUTHALL
A HIGH-LEVEL meeting of the Montreal Protocol controlling ozone-depleting chemicals has reviewed data on the use of CFC’s by developing countries, concluding that while most are in compliance, 25 of 136 had increased their consumption in 1999.

Participants from more than 100 countries took part in the meeting, in Sri Lanka, the latest in a regular schedule which makes THE protocol a dynamic and constantly-changing system of global regulation, rather than a static treaty that could become outdated.…

BY SWINEETHA DIAS WICKRAMANAYAKE
LANKA Walltile Ltd of Sri Lanka has recorded a gross sales increase of 1.25 per cent in 2000-2001, despite a boom of imports of cheap tiles from India, Thailand and India in the Sri Lankan market.…

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.…