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Sri Lanka apparel exporter cuts chemical use, costs
Apr 26, 2010 (LBO) – Brandix, one of Sri Lanka’s top apparel exporters, said it aims to cut chemical use by about a quarter and reduce costs through a deal with a German supplier that will also reduce pollution. Brandix Group said in a statement the deal to trial the ‘Chemical Leasing’ (ChL) concept methodology […]
Sri Lankan detained in Malaysia after standoff: police
KUALA LUMPUR, April 26, 2010 (AFP) – Malaysian police Monday said they have detained 75 Sri Lankan migrants who refused to get off a fishing trawler, after three days of talks to persuade them to leave the vessel broke down. The trawler was intercepted off northern Perak state on Friday but the group, including six […]
Sri Lanka sling bowler Malinga ready to fly high
April 25, 2010 (AFP) – The untamed bleached blond locks have been dyed black as Sri Lanka’s sling sensation Lasith Malinga tempers his looks and polishes his armoury for the World Twenty20 in the Caribbean. Short and squat, his unorthodox action, with a low point of release against the backdrop of the umpire’s chest or […]
Sri Lanka desperate to add Twenty20 to collection
April 25, 2010 (AFP) – Sri Lanka, world champions in the 50-over format in 1996, are desperate to add the Twenty20 title to their collection in the Caribbean after a series of near-misses. Captain Kumar Sangakkara’s men lost the World T20 championship by eight wickets to Pakistan at Lords last year. Two years earlier, the […]
Sri Lanka considers ending emergency laws
April 25, 2010 (AFP) – Sri Lanka may scrap the state of emergency laws that gave sweeping powers to police and troops during the island’s long ethnic conflict with Tamil rebels, a newly appointed minister said Sunday. Peiris, who was appointed on Friday after recent parliamentary elections, said he wanted to address concerns from the […]
Sri Lanka in attempt to better manage smaller state firms
Apr 24, 2010 (LBO) – A new ministry has been created with about 20 mostly loss making state enterprises, in a bid to make them more profitable and less of a burden on the people, officials said. Published data on state enterprises are not easily available. According to data in a report issued by the […]
Sri Lanka to expand first post-war cabinet
April 24, 2010 (AFP) – Sri Lanka’s president will expand his new cabinet by five ministers but the government will still have far fewer members than the previous one, an official source said Saturday. President Mahinda Rajapakse, whose ruling United People’s Freedom Alliance took victory in this month’s parliamentary election, will bring in five more […]
Sri Lanka shares end up 1.08-pct
Apr 23, 2010 (LBO) – Sri Lankan stocks climbed further Friday with hotels remaining a favourtie among investors anticipating higher company earnings with an economic recovery after the end of a war and global recession, brokers said. The All Share Price Index closed at 4,121. 64, up 1.08 percent (44.09 points) while the more liquid […]
Sri Lanka Lighthouse Hotel March net up 100-pct
Apr 23, 2010 (LBO) – Lighthouse Hotel, a unit of Sri Lanka’s Jetwing leisure group said profits rose 102 percent in the March quarter to 32.2 million rupees amid a pick up in tourism, interim accounts showed. Revenues rose 34 percent to 110. 3 million rupees in the quarter. Sri Lanka’s peak tourism season is […]
Sri Lanka dairy business prospects seen improving
Apr 23, 2010 (LBO) – Sri Lanka’s dairy sector is improving with strong competition among processors expanding demand for milk and helping farmers, the US Agency for International Development said. USAID has boosted the sector by partnering with a private company to increase milk production, it said in a statement. A USAID study showed that […]