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Strikes that hit Sri Lanka managed resorts in Maldives end
Dec 04, 2008 (LBO) – A series of strikes that hit Maldivian resorts, including several managed by Sri Lanka’s Aitken Spence group are ending, after the strikes were called off following presidential intervention, officials said.Maldives has a new coalition government, which was brought to power by pro-democracy activists. The strikes were partly triggered by a […]
Sri Lanka raises duty on imported edible oil
Dec 04, 2008 (LBO) – Sri Lanka has raised import duty on edible oil by changing it from a 28 percent rate to a specific levy of 40 rupees a kilo, in a bid to keep domestic coconut oil prices high, a government minister said.The Cabinet had also given approval to the ministry of finance […]
Sri Lankan troops take key Tiger sea base: military
December 4, 2008 (AFP) – Sri Lankan troops on Thursday captured a key Tamil Tiger naval base as part of an offensive to dismantle the rebels’ northern fiefdom, the defence ministry said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Security forces leading a major offensive to […]
Emirates operates extra flights to Thailand
Dec 04, 2008 (LBO) – Emirates said it plans to operate two extra flights to Thailand to help passengers stranded by the closure of Bangkok’s Suvarnabhumi airport after anti-government protestors occupied the facility. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Emirates said in a statement it […]
Sri Lanka Seylan Bank to sell 5-year debentures
Dec 03, 2008 (LBO) – Sri Lanka’s Seylan Bank is seeking at least 400 million rupees through a 5-year debenture issue that offers annual interest rates as high as 21.5 percent with an option to raise a further 600 million rupees. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]
Sri Lanka evacuates nationals from Thailand through military base
December 3, 2008 (AFP) – Sri Lanka operated special flights to a Thai military base to evacuate all its 378 nationals stranded in Thailand due to political protests, acting foreign minister Hussein Bhaila said Wednesday. The country’s national carrier, Sri Lankan airlines, operated flights to Thailand’s U-Tapoa airbase and completed the evacuation of all its […]
Sri Lanka coconut industries hit by nut shortfall
Dec 03, 2008 (LBO) – Sri Lankan coconut-based industries have been badly affected by the decreasing supply of nuts because of low yields and poor prices, plantations industries minister D M Jayaratne said. “Almost stagnant or very marginal increase in coconut yield and decreasing supply of raw material to the industries has become a very […]
Bunker Compensation
Dec 03, 2008 (LBO) – Sri Lanka’s John Keells Holdings group said that the Supreme Court had ruled that former employees of its bunker fuel unit be paid 153 million rupees it had kept as a deposit for compensation.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 JKH […]
Media Nomination
Dec 03, 2008 (LBO) – An imprisoned Sri Lankan journalist, who faces a lengthy jail term for expressing his views, if convicted, has been nominated for a media freedom award by media watchdog Reporters Without Borders (RSF). To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 RSF said […]
Sri Lankan Airlines cut fuel surcharges; gets new aircraft
Dec 03, 2008 (LBO) – Sri Lankan Airlines will remove fuel surcharges to South Asia, Middle East and East Asia, and reduce surcharges on long haul flights from January 01, the national carrier said. SriLankan introduced a fuel surcharge in July 2008 throughout its network. Crude prices have collapsed since then. The airline says it […]