All Blogs
Sri Lanka trade deal to be suspended by EU over rights: officials
BRUSSELS, February 5, 2010 (AFP) – EU nations have decided to suspend Sri Lanka’s preferential trade status because of the island’s human rights record and will make the formal move later this month, officials said Friday. “European ambassadors have taken the decision. The EU Commission’s investigation showed Sri Lanka has not demonstrated that it has […]
Sri Lanka historic fort to be conserved with Dutch aid
Feb 06, 2010 (LBO) – A Dutch fortress in Sri Lanka built to withstand solid shot artillery in colonial times but which was damaged by Tamil Tiger guns in a modern insurgency is to be conserved with aid from The Netherlands. Originally built by Portuguese colonial rulers in 1619, the fort was rebuilt and expanded […]
Sri Lanka under fire for emergency rule
February 6, 2010 (AFP) – Sri Lanka faced criticism Saturday for extending a state of emergency giving sweeping powers to security forces to detain suspects ahead of parliamentary elections due by April. A private poll-monitoring body, the People’s Action for Free and Fair Elections, said continuation of emergency rule could undermine the vote slated to […]
Sri Lanka stocks end up 0.24-pct
Feb 05, 2010 (LBO) – Sri Lankan shares ended firmer Friday with a few deals in financial stocks boosting trading turnover and investors anticipating profit-taking ahead as prices are at record highs, brokers said. “We tell investors to pick and chose fundamentally good stocks,†Perera said. “Even if there’s volatility, that’s good as it give […]
Sri Lanka state says ready to buy paddy output
Feb 05, 2010 (LBO) – A Sri Lanka state agency is to be given money to buy 140,000 metric tonnes of paddy produced in the upcoming main cultivation season to maintain farm-gate prices, a government minister said. Sri Lanka has high rice prices and from late December the government brought down high import tariffs to […]
Sri Lanka rains delay tea quality season
Feb 05, 2010 (LBO) – Heavy rains in some of Sri Lanka™s tea growing regions have delayed the onset of the quality season when plantations companies get high prices for their teas, brokers said. Prices fell at this week™s auction as larger volumes went on sale but sale quantities are expected to decline as dry […]
Sri Lanka negotiates OPEC funds for irrigation project
Feb 05, 2010 (LBO) – Sri Lanka has wrapped up a deal to get a 16 million dollar loan from the OPEC Fund for International Development for an irrigation project in the island’s central region, a senior minister said. The Kalu Ganga (river) development project is part of the Moragahakanda development program, information minister Anura […]
Drinking Water
Feb 05, 2010 (LBO) – A water supply scheme in Galle district in Sri Lanka’s south will get an additional 2. 5 million Euros of financing from Germany to complete the project after costs escalated, a senior minister said. Germany had given a 15 million Euro grant on December 07, 2009 for the second phase […]
Outsourced Analysis
Feb 05, 2010 (LBO) – An investment research outsourcing firm with offices in Sri Lanka said it has been ranked among top three global vendors for financial services analytics in an annual survey. The annual Black Book of Outsourcing survey for 2009 said Amba emerged as the most preferred vendor in the financial services analytics […]
Regulator
Feb 05, 2010 (LBO) – Anusha Palpita, head of the government’s information office has been appointed Sri Lanka’s telecom regulator, minister Anura Yapa said. Palpita will be the director general of Sri Lanka Telecom Regulatory Commission in addition to his duties as director of information. Priyantha Kariyapperuma, the previous regulator, resigned on Tuesday