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Sri Lanka freight group expands recycling business
Oct 13, 2011 (LBO) – Sri Lanka’s Expolanka Holdings has expanded and renamed its recycling subsidiary and also intends to venture into recycling electronic waste or ‘e-waste’. Group unit Neptune Papers has been rebranded as Neptune Recyclers and has moved into recycling plastic, polythene and scrap metal in addition to its existing waste paper business, […]
Sri Lanka to host regional trade forum
Oct 12, 2011 (LBO) – Sri Lanka will host the Asia Pacific Trade Facilitation Forum (APTFF), a platform to promote regional trade and share information, Ceylon Chamber of Commerce said. “South Asia is a region that has many benefits to reap through improved trade facilitation,” the Chamber said in a statement. “This region still remains […]
British defence minister faces new claims about advisor
LONDON, October 13, 2011 (AFP) – Britain’s defence minister faced renewed pressure Thursday over claims that rich backers paid for the best man at his wedding to travel the globe with him despite not being a government official. Liam Fox again rejected calls to resign over his links to his close friend Adam Werritty, who […]
‘s political gun culture to be checked
Oct 13, 2011 (LBO) – Sri Lanka’s President Mahinda Rajapaksa said firearms kept by private ‘guards’ of politicians will be recovered in a special operation starting Thursday, in the wake of a deadly clash among rival factions of his party. “A special operation aimed at disarming them has been launched from today by the police […]
British defence minister denies burglary cover-up
LONDON, October 12, 2011 (AFP) – British defence minister Liam Fox rejected calls to resign Wednesday over his links to the best man at his wedding, while facing fresh trouble over claims of a cover-up over a burglary at his house. Fox has been under pressure for days over his former flatmate Adam Werritty, who […]
Sri Lanka Treasuries flat, low acceptances
Oct 12, 2011 (LBO) – Sri Lanka’s Treasuries yield were flat at Wednesday’s auction though only bids of 48 percent of the volume offered were accepted from the market, data released by the state debt office showed. Sri Lanka’s rupee had been under pressure in recent months and the Central Bank has increased its Treasuries […]
Sri Lanka stocks end down almost one percent
Oct 12, 2011 (LBO) – Sri Lankan stocks fell almost one percent Wednesday and turnover was also lower than usual with sharp falls in some shares that had risen sharply in recent weeks, brokers said. The main All Share Price Index fell 0.97 percent (64.81 points) to 6,604.23, while the more liquid Milanka index fell […]
Sri Lanka leisure group in training venture
Oct 12, 2011 (LBO) – Sri Lanka’s John Keells Holdings has tied up with local and foreign training outfits to train staff for its hotels after the end of a war led to a boom in arrivals. The group has tied up with the Emirates Academy of Hospitality Management based in Dubai and is also […]
Sri Lanka wind farm buys more Indian turbines
Oct 12, 2011 (LBO) – Suzlon Energy Limited of India said Sri Lanka’s Senok group has ordered 10 wind turbines of 2.1 MegaWatts each, to expand is wind farms. Suzlon had earlier sold turbines of 10MW to Senok which has built a wind farm in Puttalam in North Western Sri Lanka. “This new order underlines […]
Vietnam President to ink economic, defence deals on Sri Lanka visit
Oct 12, 2011 (LBO) – Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral accords being concluded, Sri Lanka’s foreign ministry said. On Friday Sri Lanka President Rajapaksa will hold bilateral discussions with the Vietnamese President to explore opportunities to strengthen relations promote co-operation. […]