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Mobile Move
June 14, 2010 (LBO) – Etisalat’s Sri Lanka unit has invited developers to create mobile applications and is offering to share 70 percent of revenue from sales, an official said. Dumindra Ratnayaka, chief executive of Etisalat Sri Lanka said the firm, which was taken over by Etisalat Telecommunication Corporation in the UAE in February 2010, […]
” 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 […]