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” apparel plant seen as global model
June 14, 2010 (LBO) – The United Nations Industrial Development Organization (UNIDO) has recommended as a global model an environmentally friendly apparel plant owned by Sri Lanka’s Brandix Group, a statement said. Visiting UNIDO Director General Dr. Kandeh Yumkella toured the facility in Seeduwa, north of Colombo, last week. “I am pleased to recommend this […]
Sri Lanka Hemas eyes renewable power as post-war demand rises
June 14, 2010 (LBO) – Sri Lanka’s Hemas Power is building another hydropower plant, raising generation capacity to 24 Giga Watt hours (millions of units) of energy a year from hydro plants which it plans to expand in preference to fossil-fuel power. Hemas also has a joint-venture company called Heladhanavi which generates thermal power and […]
‘s big four launch World Cup preparations
DAMBULLA, June 14, 2010 (AFP) – Asia’s Test-playing nations begin their preparations for next year’s World Cup when they contest the region’s top one-day prize from Tuesday. Away from the global spotlight on the football World Cup in South Africa, the four-nation Asia Cup will be played in Sri Lanka over the next 10 days. […]
Sri Lanka to sell US$275mn in bonds
June 14, 2010 (LBO) – Sri Lanka is rolling over 275 million US dollars in two and three-year government bonds which pay a 6-month month floating rate coupon, the government’s debt office said. Only 92 million US dollars in bonds out of a total of 100 million was sold through an auction and the balance […]
Sri Lanka budget gap narrows in 1Q 2010
June 14, 2010 (LBO) – Sri Lanka’s budget gap has narrowed in the first quarter of 2010, with revenues picking up and the government also keeping a lid on current expenses from a year earlier, official data show. Total revenues were up 26.3 percent to 182.7 billion rupees in the three months to March and […]
Insurance Lift
June 13, 2010 (LBO) – Sri Lankan ports are now free of any extra war risk-related insurance premiums following the removal of the island from the area listed for war risk by international underwriters, a government statement said. The Sri Lanka Ports Authority said the move followed a visit to the island by a security […]
Mass Wedding
June 13, 2010 (AFP) – Sri Lankan authorities on Sunday conducted the marriages of over 100 former rebels at a mass ceremony attended by Bollywood actor Vivek Oberoi. A total of 53 couples were issued marriage certificates in the northern district of Vavuniya, where they are being held in military custody following the defeat of […]
Sri Lanka fisher community in efforts to rescue degraded estuary
June 13, 2010 (LBO) – Deepika Edirisinghe lives in the dry Kalpitiya area in the Sri Lanka northeast coastal district of Puttalam bordering a degraded coastal estuary which is now yielding a much lower fish catch than a decade ago. Her husband is a fisherman, whose catch from the lagoon has been dwindling over the […]
Japan asteroid probe to make historic return to Earth
SYDNEY, June 12, 2010 (AFP) – A tiny heatproof capsule which scientists hope contains some of the oldest dust in the universe will streak back to Earth and land in the Australian desert Sunday, ending a historic space mission. Japan’s Hayabusa spacecraft is due to re-enter Earth’s atmosphere shortly before midnight (1400 GMT), completing a […]
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NEW DELHI, June 12, 2010 (AFP) – India’s tsunami centre warned Sunday a major quake under the Indian Ocean would generate a 50-centimetre high (20-inch) surge in sea levels on the nearest islands, adding this was “nothing alarming. ” “This is nothing alarming but just a watch,” he added by telephone from the headquarters of […]