Author: lbostgadmin
Sri Lanka renewable tariffs: waste, dendro, wind most expensive
Dec 03, 2010 (LBO) – Sri Lanka’s new tariffs for renewable energy show that dendro (wood) would be more expensive than wind and municipal waste heat would be paid the highest tariff, displacing wind as the most expensive source. New tariffs released by the Public Utilities Commission in November 2010 say that municipal waste fired […]
Sri Lanka power regulator proposes green tariffs; cross subsidies
Dec 03, 2010 (LBO) – Sri Lanka’s power regulator has called for public responses on proposed new tariffs for next year, which indicate steep rises for some domestic users and low prices for industry and government offices and a new green tariff. Sri Lanka governments own energy policy has an objective to cut widely discriminatory […]
Sri Lanka Tamil Tiger links revealed in Spanish-Thai forgery probe
MADRID, December 3, 2010 (AFP) – Spanish and Thai police investigating a gang that supplied forged passports to Al-Qaeda linked groups have found new evidence of links to Sri Lanka’s defeated Tamil Tiger rebels, Spanish authorities said Friday. Spanish and Thai police are analysing material seized late on Tuesday in a joint operation in which […]
Quick Voyage
Dec 03, 2010 (LBO) – An emerging requirement for fast passenger ferries to link Indian island territories with the mainland could be an opportunity for Sri Lanka’s Colombo Dockyard, a visiting Indian official said. Jitendra Kumar Dadoo, the Administrator of the Union Territories of Lakshadweep, India, said faster passenger craft were needed to transport people […]
Sri Lanka stocks close almost flat
Dec 03, 2010 (LBO) – Sri Lankan stocks ended almost flat Friday, with only limited retail trading in the market and profit taking in the index heavy stocks, brokers said. The All Share Price Index closed at 6,547. 68, up 0.14 percent (8.84 points) while the Milanka index of liquid stocks closed flat at 7,055. […]
Sri Lanka Singer unit raises Rs1.4bn in debt
Dec 03, 2010 (LBO) – Singer Sri Lanka, a unit of Dutch-based Retail Holdings, has raised 1. 4 billion rupees through a mix of a loan and an unsecured redeemable debenture, placement agent NDB Investment Bank (NDBIB) said. NDBIB said Singer raised 400 million rupees through an unsecured loan and one billion rupees through an […]
Sri Lanka may use extra forex reserves in Exim bank: CB Governor
Dec 02, 2010 (LBO) – Sri Lanka may use extra foreign reserves in a proposed export import bank to be set up next year to finance exporters and contractors, Central Bank Governor Nivard Cabraal said. China transferred a part of its foreign reserves to a forex management agency after issuing Treasury bills to its central […]
Sri Lankan president regrets Oxford Union cancelling talk
December 1, 2010 (AFP) – Sri Lanka’s President expressed regret after the Oxford Union cancelled a scheduled speech by him amid security concerns, his office said in a statement Wednesday. Rajapakse had travelled to London on Tuesday ahead of an address to the prestigious Oxford Union on Thursday, but the organisers said security considerations forced […]
US worried on Sri Lanka rights probe: WikiLeaks
WASHINGTON, December 1, 2010 (AFP) – The United States questioned if Sri Lanka would thoroughly probe war crimes allegations as the accusations involve President Mahinda Rajapakse and other top leaders, WikiLeaks said Wednesday. The controversial website, citing one of thousands of diplomatic cables it obtained, said US Ambassador Patricia Butenis saw some progress in Sri […]
Sri Lanka India new trade deal stuck in more negotiations
Dec 02, 2020 (LBO) – Sri Lanka has had 13 rounds of negotiations on a new trade deal with India and “certain sections” of the proposed Comprehensive Economic Partnership Agreement (CEPA) had not yet been concluded, a government minister has said. Sri Lanka started liberalizing trade in 1977. India had been Sri Lanka’s biggest trade […]
‘s top hydro power reservoir near spill
Dec 02, 2010 (LBO) – A large reservoir in Sri Lanka’s central hills which is also used for power generation is near spill level as the island experienced heavy rainfall causing floods and landslides elsewhere. The Victoria reservoir in Sri Lanka’s Kandy district is one meter below spill level with heavy inflows continuing, an official […]
Liquid Lending
Dec 02, 2010 (LBO) – The Asian Development Bank (ADB) will provide 90 million US dollars in loans to help Sri Lanka restore water supply and sanitation infrastructure in the war-ravaged north, a statement said. The project, due for completion by February 2017, will help restore and modernise key infrastructure damaged by war or which […]