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Sri Lanka seen luring back apparel buyers
June 27, 2011 (LBO) – Sri Lanka has begun luring back foreign apparel buyers who shifted to other Asian producers following the global economic crisis after they failed to meet buyer expectations, an exporter has said. It has five garment manufacturing plants with almost 1,500 direct sewing machines, two embroidery units with 105 embroidery sewing […]
Sri Lanka league to go ahead without India
June 26, 2011 (AFP) – Sri Lanka Cricket will push ahead with its inaugural premier league with Australian and Pakistani players, despite a no-show by Indian stars, the island’s sports minister said Sunday. “We will lose a bit of money because Indian players are not coming but the tournament will be played as planned,” Mahindananda […]
Sri Lanka slashes budget for Australia visit
June 26, 2011 (AFP) – Sri Lanka’s cash-strapped cricket administration has slashed the budget for Australia’s tour, the island’s sports minister said Sunday, stressing security would not be compromised. Australia are due to play three Tests, five one-day matches and two Twenty20 games during their August 6 to September 20 tour of Sri Lanka. “We […]
Sri Lanka plans tourist park with errant crocodiles: report
June 26, 2011 (LBO) – Sri Lanka is planning a crocodile park in Muturajawela in the Gampaha district with errant crocodiles in the Gampaha district which will be developed as a tourist attraction, a media report said. The park will be populated with captured crocodiles that are now posing a threat to villages in the […]
Not Twice
June 26, 2011 (LBO) – Sri Lanka’s and Bahrain has signed an agreement to stop double taxation of interest and dividends from investment made in each country, the finance ministry said. The deal was signed between Sarath Amunugama, Sri Lanka’s mister for international monetary co-operation and Bahrain’s finance minister Shaikh Ahmed bin Mohammed Al Khalifa. […]
Sri Lankans support commonwealth games bid: poll
June 26, 2011 (LBO) – A bid for the 2018 commonwealth games by Sri Lanka’s Hambantota city has received 63 percent backing in a nationwide poll, while the people in the immediate area had backed it 86 percent, a statement said. The survey was conducted by The Nielsen Company among 2,600 males and females aged […]
Growing urban population strains Chinese cities
CHONGQING, June 26, 2011 (AFP) – A forest of buildings and cranes rises through thick fog above roads jammed with cars in a Chinese city the size of Austria and home to more than 32 million people. The southwestern megacity of Chongqing is bursting at the seams as authorities struggle to keep pace with its […]
‘s Jetwing leisure group plans new resorts in East, centre
June 25, 2011 (LBO) – Sri Lanka’s privately held Jetwing leisure group, is planning new project in the central and war-torn eastern areas of the island that will add 500 rooms over the next two years catering to a post-war boom, officials said. “We are looking at 50 rooms in the first phase and another […]
Lawlessness
June 25, 2011 (LBO) – Use of torture by police in Sri Lanka is “endemic” and lawlessness has gradually superseded rule of law in the island partly due a flawed constitution, a rights body which has publicized hundreds of such cases for over a decade, has said. “This constitution led to the politicization of the […]
Inflation fears as India hikes fuel costs
NEW DELHI, June 25, 2011 (AFP) – Indians will have to pay more for fuel from Saturday after the government announced a hike in the price of some petroleum products, increasing inflationary pressures in the fast-growing economy. Petroleum minister Jaipal Reddy late Friday raised the price of diesel by 3 rupees (7 cents) per litre, […]