Railways installs new equipment to prevent accidents
Sri Lankan Railway authorities in an attempt to prevent train accidents have decided to install new equipment to sense the presence of the trains on the tracks.
SLTB to import 25 Volvo buses
The Chairman of Sri Lanka Transport Board (SLTB) said that 25 Volvo buses would be imported to the state owned passenger transport service.
SLTB Chairman M.D. Bandusena said that the buses would be imported in January and that each bus costs Rs. 22 million.
UNP accuses ruling party members of manipulating stock market
Main opposition United National Party (UNP) yesterday said the Colombo Stock Exchange (CSE) has been affected by the downfall of the economy and manipulation of the stock market by persons affiliated to the governing United People’s Freedom Alliance (UPFA).
Liberty Plaza goes for Rs. 100 m mega food court
Liberty Plaza, the country’s first ever shopping mall, will have a modern food court and fine dining restaurant with an investment of Rs. 100 million.
The food court would be constructed on par with international standards in an extent of 20,000 square feet and will accommodate over 500 guests at a given time.
LG’s handset loss widens; TV remains profitable
SEOUL (Reuters) – South Korea’s LG Electronics reported a wider-than-expected quarterly loss on Wednesday, with its mobile phone division sinking deeper into the red, dashing hopes of a recovery in its struggling smartphone business.
Retail portal hoping to look a bit portly
Omar Kassim, the founder of JadoPado, a retail portal based in Dubai, named his website after the Gujarati word for “fatty”. He hopes the site, which sells goods such as Apple's iPad, will bring fat profits. Yet with the low uptake of e-commerce in the UAE, online retail sites face an uphill battle against the prevalent mall culture – Kassim explains how he plans to compete.
Nokia proclaims new dawn with Windows phones
- Lumia 800 and 710 to go on sale by Christmas
- CEO Elop says “new dawn for Nokia”
Softlogic introduces new Dell Inspiron N5110/N4110 laptops in Sri Lanka
Softlogic Information Technologies (Pvt) Ltd., one of the premier IT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings announced that the company has introduced the New Dell Inspiron R 14R/15R in Sri Lanka.
Kraft to invest over $100 m in Russia coffee plant
- Plans to double coffee production at plant by 2015
- Follows Nestle’s Russian coffee plant extension
- Russian coffee market grows ahead of E. Europe
Rockland appointed sole agent in Sri Lanka by William Grants and Sons
William Grant and Sons, independent family distillers since 1887 and one of the last large family owned spirits companies formally appointed Rockland Distilleries (Pvt.) Ltd. as Exclusive Distributor of their brands in Sri Lanka. The prestigious Grants portfolio includes Grants Family Reserve, Glenfiddich, Balvenie Malt Whisky and Hendricks Gin.
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