Author: lbostgadmin
Sri Lanka second hotel scouted by Swiss leisure group
Jan 18, 2010 (LBO) – Swiss-based MÅ‘venpick Hotels and Resorts, which is to manage a city hotel in Sri Lanka’s capital Colombo is looking for opportunity to run a resort elsewhere in the island, an official said. The group has a 12-year deal with options to extend another 10 years with Softlogic. Softlogic has interests […]
Sri Lanka flood victims protest over food aid
January 18, 2011 (AFP) – Hundreds of flood victims in Sri Lanka besieged a district office in the eastern town of Kathankudi complaining about unfair distribution of emergency food aid, police said Tuesday. Local media reports said three civil servants were hospitalised after being attacked by the furious crowd, but police said they were unable […]
Sri Lanka floods will not need a monetary response: CB Governor
Jan 18, 2011 (LBO) – Sri Lanka’s recent floods will have minimal impact on long term inflation and will not need a monetary response but there will be ‘some economic impact’ from crop losses, Central Bank Governor Nivard Cabraal said. Large swathes of rice fields in Sri Lanka east and north central areas went under […]
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LONDON, January 18, 2011 (AFP) – Britain has asked India to waive diplomatic immunity for a senior diplomat following reports that he assaulted his wife at their London home, the Foreign Office said Tuesday. Police were called to the home of the envoy, named by media as Anil Verma, last month following reports of a […]
Nobel laureate Yunus in Bangladesh court
DHAKA, January 18, 2011 (AFP) – Nobel peace prize winner Muhammad Yunus appeared in a Bangladesh court on Tuesday in a defamation case dating back to 2007, posing further legal problems for the microfinance pioneer in his homeland. Last week, the government ordered a probe into Yunus’s Grameen Bank, with which he shared the Nobel […]
Sri Lanka mahouts suspended over elephant death
January 17, 2011 (AFP) – Sri Lanka’s main elephant orphanage Monday suspended two mahouts and a curator following the death of a 23-year-old male pachyderm in their care, a senior official said. Elephants are considered sacred animals in Sri Lanka and a judicial inquiry is required before one can be buried. Gunaratne said the centre […]
Sri Lanka to push green jobs
Jan 18, 2010 (LBO) – Sri Lanka labour minsitry and the internatonal labour organisaton is to look for ways to create more ‘green jobs’ and provide skills for workers in environmentally friendly enterprises. “Moving the Sri Lankan economy onto an environmentally sustainable and low carbon development path will change the socio-economic structures of the country […]
Sri Lanka shares close up 0.7-pct
Jan 18, 2011(LBO) – Sri Lankan stocks closed up 0. 7 percent Tuesday with active retail trading and low value counters dominating the market, brokers said. Turnover was 3.4 billion rupees. “There has been an absence of significant foreign investment in the market the last few days,” Thakshila Hulangamuwa of Asha Phillips Securities said. Biggest […]
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WASHINGTON, January 16, 2011 (AFP) – China’s President Hu Jintao said Sunday the international currency system was “a product of the past,” but it would be a long time before the yuan is accepted as an international currency. Asked about the view that appreciation of the yuan would curb inflation in China, Hu suggested that […]
Sri Lanka reschedule West Indies ODIs
January 16, 2011 (AFP) – Sri Lanka will host its rescheduled one-day series against the West Indies starting at the new Hambantota stadium in the island’s south on January 31, officials said Sunday. Heavy rains in December forced the series to be scrapped. The games were to be played across the three World Cup venues […]
Sri Lanka warns of high food prices after floods
January 17, 2011 (AFP) – Sri Lanka warned Monday that food prices could shoot up after devastating floods in the north and east of the country destroyed rice and vegetable crops. Disaster Management Minister Mahinda Amaraweera said vegetable prices had already been affected because of the impact on growing areas that were swamped by unusually […]
Local Clearing
Jan 17, 2011 (LBO) – Sri Lanka will set up a common automated teller machine and payment card switch that will process transactions locally, eliminating the need for international routing of transactions between different banks, an official said. “Any firm registered outside Sri Lanka should have a local partner at the time of forwarding the […]