Capital Access

Apr 03, 2014 (LBO) – A high tech 45 billion rupee bridge will clear a traffic bottleneck to Sri Lanka’s capital Colombo and minimize its impact on the river flow underneath, the Japan International Cooperation Agency said.The bridge across Sri Lanka’s Kelani River will allow a smooth flow of traffic in to the city through […]

Morning light could be secret to healthy weight

WASHINGTON, April 2, 2014 (AFP) – Being slimmer could be as simple as waking up early for some morning sunshine, US researchers suggested on Wednesday. Morning light was found to have an influence on body mass, regardless of a person’s physical activity level, caloric intake, sleep timing, age or the season. The study found morning […]

‘s Musharraf survives assassination bomb attempt: police

ISLAMABAD, April 3, 2014 (AFP) – Pakistan’s former military ruler Pervez Musharraf, who is on trial for treason, narrowly escaped an assassination attempt as a bomb went off shortly before his convoy was due to pass early Thursday, police said. The bomb was planted on his route from an army hospital where he has been […]

Sri Lanka courts Thai investors

Apr 03, 2014 (LBO) – Sri Lanka is seeking more investors from Thailand, the state investment promotion office said following an investor meeting in Bangkok where there was interest in cosmetics, fisheries, agri business and retailing.The firms make, lace, synthetic sapphires and two hotels and a harvest management company is also expected to start operations, […]

Sri Lanka stocks close flat

Apr 02, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with strong foreign buying on the board, brokers said. JKH’s W0022 warrants closed 50 cents lower at 69.00 rupees and its W0023 warrants closed 20 cents lower at 72.80 rupees. Sri Lanka Telecom closed 80 cents higher at 46.20 rupees. Ceylon Tea Services closed […]

‘s female kingmakers

PONDICHERRY, April 2, 2014 (AFP) – The makeup of India’s next government could lie in the hands of a trio of women who command a massive following in their regional heartlands, including a populist former movie star known as “Mother” to supporters.“Definitely their image, their fighting spirit, their charisma, and their administrative skills to a […]

” networks

COLOMBO, April 2, 2014 (AFP) – Sri Lanka has designated 15 foreign organisations run by ethnic Tamils as “terrorist groups”, accusing them of trying to revive a separatist war which ended in 2009, an official said Wednesday. Among the designated groups are the British Tamil Forum, World Tamil Movement, Canadian Tamil Congress, Australian Tamil Congress […]

Sri Lanka seeks divine help to avoid power cuts

COLOMBO, April 1, 2014 (AFP) – Sri Lanka’s energy minister offered flowers and lit thousands of oil lamps as she prayed for rains to replenish drought-hit reservoirs which are used for hydro-power plants, an official said Tuesday. Minister Pavithra Waniarachchi illuminated the sacred temple town of Anuradhapura with 4,000 coconut oil lamps seeking divine help […]

‘s Guangdong province visit Sri Lanka

Apr 02, 2014 (LBO) – A high powered delegation from China’s Guangdong provincial government had visited Sri Lanka and had expressed interest in fish processing, the state investment promotion office said. A Chinese firm is to reclaim the sea near Colombo port to build a new business district and many firms from the country are […]

Sri Lanka technical education, female participation to be boosted: ADB

Apr 02, 2014 (LBO) – The Asian Development Bank said it is giving a 100 million dollars loan to Sri Lanka to boost technical education and female participation in technology related courses.“This program will help reduce the significant mismatch that exists between the competencies of graduates and labor market demand, which has left youth unemployment […]

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