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Sri Lanka Tokyo Cement in power sale deal
Aug 22, 2011 (LBO) – Sri Lanka’s Tokyo Cement Company (Lanka) has signed a deal with the state power utility, Ceylon Electricity Board, to sell electricity from a six megawatt biomass power plant it plans to build. Net annual electricity generation from the plant would be around 37, 230 mega watt hours which will be […]
” tour draws adventure tourists
Aug 21, 2011 (LBO) – Adventurous travelers from Australia to Austria have set off on a three-wheeler drive from Sri Lanka’s international airport to the far corners of he country, braving unknown challenges. Travelling on a ‘tuk tuk’ or a trishaw, as the popular three-wheeled taxis are known in Sri Lanka, is an adventure even […]
Sri Lanka Asia Capital to invest in hotels
Aug 20, 2011 (LBO) – Sri Lanka’s listed Asia Capital, which has interests in financial services, leisure, will invest 700 million rupees in hotels and plans to take two operating units public in the next two years, an official said. Asia Capital got 3.3 billion rupees after selling out of Asian Alliance Insurance. “We sold […]
Arrest
August 20, 2011 (AFP) – Sri Lankan police on Saturday arrested a top Buddhist monk on a charge of having sex with a 12-year-old girl in violation of strict child protection laws, police said. The 60-year-old monk was accused of abusing the child over a period of one year at his temple in the north-central […]
Foreign Killing
August 19, 2011 (AFP) – Sri Lanka’s High Court Friday handed five Chinese nationals the death penalty for murdering a compatriot at a restaurant near the capital over eight years ago, a court official said. A Chinese woman and two Chinese men were in court Friday to hear the sentence while judges issued a warrant […]
”’ PM damaged by arrest of activist
NEW DELHI, August 20, 2011 (AFP) – There is no small irony in the fact that India’s Prime Minister Manmohan Singh, known for his probity and integrity, now finds himself fighting for political survival with an anti-corruption activist. When the Congress party won elections in 2004, its decision to name Singh as premier was partly […]
Sri Lanka state carrier may acquire six Boeing-777s
Aug 20, 2011 (LBO) – State-run Sri Lankan Airlines will boost its fleet to 28 aircraft over the next four years, which may also include up to six Boeing 777 long haul jets, officials said, as tourist arrivals soar after the end of a civil war. SriLankan Airline aircrew is now trained for Airbus aircraft. […]
Australia win Sri Lanka one-day series
August 20, 2011 (AFP) – Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Marsh, playing his first match of the series, hit one six and 11 fours in his impressive […]
Sri Lanka land sales should be transparent: lawmaker
Aug 20, 2011 (LBO) – Sri Lanka’s state land sales to private developers must be transparent and all available land must be listed online to boost investor confidence, instead being sold through unsolicited deals, a lawmaker has said. Sri Lanka main opposition United National Party member Harsha de Silva says such deals will harm overall […]
Sri Lanka stocks down 01-pct
Aug 19, 2011 (LBO) – Sri Lanka stocks closed one percent lower down Friday with speculation on a few stocks dominating trading, brokers and analysts said. Lake House Printers & Publishers was the day’s top and its share closed at 160 rupees up 20.52 percent or 27.70 rupees. Renewed interest was seen in Serendib Hotels, […]