Search Results for: Sri Lankan

BY SWINEETHA DIAS WICKRAMANAYAKE
SRI Lankan aluminium extrusions manufacturer Lanka Aluminium Industries Ltd has announced that it has experienced its first year of sales decline, after six years of a consistent profit hikes.

Its annual report said that the last financial year saw sales volumes decline 10 per cent over the previous year, although turnover was up due to price increases.…

BY SWINEETHA DIAS WICKRAMANAYAKE
SRI Lankan confectioner Ceylon Biscuits Ltd, manufacturers of Munchee biscuits, has claimed that its expansion into the Indian market has been a success and should help it reach a turnover of SLRupees three billion, (Pounds 22.5 million), in 2002.…

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, 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
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.…

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.…

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.”…