Author: lbostgadmin
Sri Lanka Bairaha grows own maize
June 15, 2011 (LBO) – Sri Lanka’s Bairaha poultry group is growing its own grain to ensure feed supplies the company said, as other poultry farmers complained of fresh threats to the industry from maize import controls. Due to loose US monetary policy, global grain prices are also now high. Critics say Sri Lanka’s food […]
Sri Lanka estate mulls timber exports
June 15, 2011 (LBO) – Sri Lanka’s listed Malwatte Valley Plantations is mulling the possibility of exporting processed timber, as the firm has more than a 1,000 hectares of trees, chairman W L Bogstra told shareholders. “The Company’s timber reserves amounting to 1282 hectares have been sparingly harvested in the past,” Bogstra said in the […]
‘s richest sports body seeks state bank bailout
June, 2011 (AFP) – Sri Lanka Cricket is seeking government grants and a soft loan to meet part of the $69 million it spent on co-hosting the 2011 World Cup, the island’s sports minister said Tuesday. The governing body has asked for a grant of two billion rupees ($18.35 million) and a 1.5-billion-rupee loan from […]
Human Smuggling
OTTAWA, June 14, 2011 (AFP) – Canadian police arrested Tuesday four Sri Lankan nationals accused of being behind a 2009 operation that illegally brought 76 Tamils from war-torn Sri Lanka to Canada on a rickety freighter. All 76, including the four people arrested, requested asylum when they arrived off the coast of British Columbia in […]
UK Call
LONDON, June 14, 2011 (AFP) – Britain on Wednesday said “horrific” footage contained within a film documenting the final weeks of Sri Lanka’s civil war constituted “convincing evidence” of war crimes. The Channel 4 documentary, which aired on British television on Tuesday, contained footage of what it said were prisoner executions. It also showed the […]
Film Reaction
COLOMBO, June 15, 2011 (AFP) – Sri Lanka on Wednesday denied it targeted civilians while crushing Tamil Tiger rebels but said action would be taken if war crimes allegations contained in a new British documentary were true. The Sri Lankan High Commission in London said images shown on Channel 4 on Tuesday night had not […]
Sri Lanka Lighthouse in Rs300mn expansion
June 15, 2011 (LBO) – Listed Lighthouse Hotel, a unit of Sri Lanka’s Jetwing leisure group, is planning a 300 million rupee expansion and upgrade to target up market niche travelers. Built in Galle in Sri Lanka’s south in 1996 the hotel says it conforms to standards conforming to Small Luxury Hotels of the World, […]
Sri Lanka India ferry to strengthen links
June 14, 2011 (LBO) – A ferry from India to Sri Lanka is completing its first voyage, re-establishing link that has been broken since 1983 and strengthening economic links between the people of the two countries. The ferry Scotia Prince was flagged of Monday from India’s Tuticorin port on a 14 hour journey to Sri […]
Sri Lanka rural communities bank on safe drinking water
June 14, 2011 (LBO) – In Kathankudy, Baticaloa in Eastern Sri Lanka, Fathima Izana, a mother with a young child, worries about the quality of the water she gets from a tube well. “The water had different colour and it smells sometimes,” she says. Fathima believes the water may be contaminated by a nearby latrine […]
Russell predicts no lasting pane for Prior
LONDON, June 14, 2011 (AFP) – Jack Russell has insisted he had a far worse temper than current England wicket-keeper Matt Prior who has found himself in an unwanted spotlight as a result of a window-breaking incident at Lord’s. England head to the Rose Bowl for the third and final Test against Sri Lanka starting […]
Sri Lanka Panasian Power to buy more hydro capacity
June 14, 2011 (LBO) – Sri Lanka’s Panasian Power said it had signed a deal to buy a mini hydro firm that had 6. 5 MegaWatts of capacity under development, at valuation to be decided later. The firm had signed a memorandum of understanding with Padiyapelella Hydro Power (Pvt) Ltd to buy the firm at […]
Sri Lanka stocks close down 1.4-pct
June 14, 2011 (LBO) – Sri Lanka stocks closed 1.4 percent lower with several high flying speculative stocks losing ground a newly listed Expolanka Holdings slipping below its offer price, dealers said. The main All Share Price Index closed at 7083. 05, down 1.44 percent (103.81 points) while the Milanka index of liquid stocks also […]