Author: lbostgadmin
Sri Lanka to start building 35MW hydro plant on July 15
July 8, 2013 (LBO) – Sri Lanka will begin building a 35 MegaWatt ‘Broadlands’ hydro power plant, on July 15 in Polpitiya, Kithulgala, the power ministry said.The plant will produce 126 GigaWatt hours of energy a year for state-run Ceylon Electricity Board. The 82 million dollar plant will be 85 percent financed by China Development […]
Top retailers, unions to inspect Bangladesh factories
DHAKA, July 7, 2013 (AFP) – Seventy top retailers have pledged to improve worker safety and allow inspection of all of their garment factories in Bangladesh within nine months under a pact signed with unions after a deadly factory collapse, a statement said Monday.But in recent weeks manufacturers have criticised the organisers, saying the BGMEA […]
Maldives president pledges to work with Islamists
COLOMBO, July 7, 2013 (AFP) – Maldivian President Mohamed Waheed pledged Sunday to work with the main Islamic party ahead of upcoming elections, and rejected opposition fears it would lead to increased radicalisation in the luxury tourist destination.Waheed described most Adhaalath members as moderate, while some had “extreme views”. “I don’t worry too much about […]
India police make arrest, study CCTV over temple bombs
PATNA, July 8, 2013 (AFP) – Indian police arrested a man on Monday over the weekend attacks at the historic Bodh Gaya Buddhist temple complex and were studying CCTV footage that appeared to show two men planting explosives at the site.The Bodh Gaya complex also houses multiple shrines marking the places where the Buddha is […]
Sri Lanka Jetwing group private equity raising on track
July 08, 2013 (LBO) – A private equity raisin for four greenfield hotels is underway with local investors and a foreign investor coming on board, but the matching investor needs with a new project has been challenging, an official said.“While the equity investor is looking at us, we are also looking at them,” Jetwing chief […]
Sri Lanka stocks down 0.8-pct
July 08, 2013 (LBO) – Sri Lanka’s stocks closed 0.68 percent lower Monday, amid losses in diversified companies and banking stocks, down 8.0 percent from a May 23 peak so far, brokers said. The benchmark Colombo All Share Index closed at 5995.64, down 52.54 points lower and the and the S&P SL 20 Index closed […]
Sri Lanka rupee weak, excess liquidity high
July 08, 2013 (LBO) – Sri Lanka rupee weakened Monday and quotes in the spot market dried up following moral suasion dealers said, as high levels of liquidity remained in money markets from a reserve ratio cut. In the spot market where trades are settled two days later, which is usually the most active segment, […]
‘s holiest sites: India police
PATNA, July 7, 2013 (AFP) – Indian police reported multiple low-intensity blasts at the Bodh Gaya Buddhist temple complex on Sunday, saying two people had been wounded but the temple was safe.It houses the holy bodhi tree as well as the giant Mahabodhi statue of Buddha, and multiple shrines marking the places where he is […]
Cricket: West Indies without Bravo for Sri Lanka match
PORT OF SPAIN, July 6, 2013 (AFP) – West Indies captain Dwayne Bravo has been suspended from his team’s encounter with Sri Lanka in the fifth match of the Tri-Nation Series at the Queen’s Park Oval on Sunday.In a decision handed down by the International Cricket Council match referee Jeff Crowe and released on Saturday, […]
Gulls feasting on whales? In Argentina, yes
ALDES PENINSULA, July 6, 2013 (AFP) – It’s a weird, lopsided fight if ever there was one: seagulls divebombing to attack and feed on the fat of 50-ton whales and their babies.And the birds are winning. The battle, new in recent years, is playing out in the South Atlantic off the coast of Argentina’s Patagonia […]
Police Probe
July 5, 2013 (AFP) – Sri Lanka’s police arrested 12 commandos in connection with the execution-style killing of five students during the island’s Tamil separatist war, an official said Friday.An inspector and 11 constables from the elite Police Special Task Force (STF) were taken before a magistrate in the port town of Trincomalee on Thursday, […]
Sri Lanka gaming resorts could add $900mn to tourism revenues: report
July 06, 2013 (LBO) – Sri Lanka’s gaming industry could generate 900 million US dollars a year with only two 500-room integrated resorts, upping rates of city hotels, but more support facilities are needed, a research report has said.A game changing 900,000 tourists could be added within four years to Sri Lanka’s current tourist arrivals […]