All Blogs
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
Mobile Doctors
Feb 05, 2010 (LBO) – Sri Lanka’s Airtel said appointments with doctors could be made through its network following a tie-up with the e-channelling. com, a web based medical channelling service. Doctors could be channelled by both post paid and pre-paid customers by dialling 225. Chief Executive of Bharti Airtel Lanka, Amali Nayakkara said in […]
Sri Lanka should address fiscal excesses, inflation: S&P
Feb 05, 2010 (LBO) – Sri Lanka’s ‘apparent lack of urgency’ to stop rising inflation and post election spending may put pressure on a deal agreed with the International Monetary Fund, Standard & Poor’s, a rating agency has said. President Mahinda Rajapaksa, re-elected with a stronger mandate, had a “unique opportunity” to “implement comprehensive fiscal […]
Trade Flows
Feb 04, 2010 (LBO) – Cargo volumes at a government-owned container terminal in Sri Lanka’s Colombo port went up in December from a year ago, as trade flows picked up with global recession coming to an end. Total volumes at SAGT have largely been growing this year, although domestic import/export volumes have been hit by […]
Bank Spread
February 4, 2010 (AFP) – Banking giant HSBC will open a branch in Sri Lanka’s former war zone, the first foreign bank to do so since the end of the country’s long ethnic conflict, the central bank governor said Thursday. HSBC will open for business in Jaffna, the heartland of the island’s Tamil minority, next […]