Author: lbostgadmin
Sri Lanka rains delay tea quality season
Feb 05, 2010 (LBO) – Heavy rains in some of Sri Lanka™s tea growing regions have delayed the onset of the quality season when plantations companies get high prices for their teas, brokers said. Prices fell at this week™s auction as larger volumes went on sale but sale quantities are expected to decline as dry […]
Sri Lanka state says ready to buy paddy output
Feb 05, 2010 (LBO) – A Sri Lanka state agency is to be given money to buy 140,000 metric tonnes of paddy produced in the upcoming main cultivation season to maintain farm-gate prices, a government minister said. Sri Lanka has high rice prices and from late December the government brought down high import tariffs to […]
Sri Lanka stocks end up 0.24-pct
Feb 05, 2010 (LBO) – Sri Lankan shares ended firmer Friday with a few deals in financial stocks boosting trading turnover and investors anticipating profit-taking ahead as prices are at record highs, brokers said. “We tell investors to pick and chose fundamentally good stocks,†Perera said. “Even if there’s volatility, that’s good as it give […]
Sri Lanka leader calls for unity after poll win
February 4, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse on Thursday issued an independence day call for unity and reconciliation after his victory in a bitterly fought election. Rajapakse in an address to the nation said the island’s freedom day assumed great significance as it was the first since the defeat of separatist Tamil […]
Pakistan MPs query delay in report on Sri Lanka team attack
ISLAMABAD, February 3, 2010 (AFP) – A parliamentary sports committee Wednesday summoned Pakistani security officials to explain a delay in the release of a report on last year’s terror attack on Sri Lanka’s cricket team in Lahore. A senior federal government official told the committee the government had yet to receive a report on the […]
Sparks fly as Bollywood, cricket and politics collide
MUMBAI, February 4, 2010 (AFP) – India’s twin obsessions of cricket and Bollywood are at the heart of a bitter row that has broken out between the country’s top film star and a radical right-wing party in the movie capital Mumbai. The dispute, which has seen the ultra Hindu-nationalist Shiv Sena party threatening to scupper […]
Bank Spread
February 4, 2010 (AFP) – Banking giant HSBC will open a branch in Sri Lanka’s former war zone, the first foreign bank to do so since the end of the country’s long ethnic conflict, the central bank governor said Thursday. HSBC will open for business in Jaffna, the heartland of the island’s Tamil minority, next […]
Trade Flows
Feb 04, 2010 (LBO) – Cargo volumes at a government-owned container terminal in Sri Lanka’s Colombo port went up in December from a year ago, as trade flows picked up with global recession coming to an end. Total volumes at SAGT have largely been growing this year, although domestic import/export volumes have been hit by […]
Sri Lanka presidential election results clean, campaign dirty: polls chief
Feb 03, 2010 (LBO) – Results of Sri Lanka’s recently concluded presidential poll was clean, contrary to complaints of malpractices, but election campaigning was unfair, the head of the elections department said. “The campaign period – I’m not satisfied; the election results – I stand by it, elections commissioner Dayananda Dissanayake told reporters at a […]
Sri Lanka re-opens two wildlife parks
Feb 03, 2010 (LBO) – Sri Lanka has re-opened two wildlife parks in the country’s south and east which are famed for migratory birds and elephants, after an internal conflict which had kept them closed had ended, a top official said. Since the parks opened last week a few visitors had trickled in, but officials […]
False Himalaya glacier scare hurt global warming claims
LONDON, February 3, 2010 (AFP) – The embattled chief of the UN climate change panel admitted Wednesday that a mistake in a landmark 2007 report had damaged the body’s credibility, in an interview with a British newspaper. But Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC), refused to apologise in the interview […]
Outsource Chances
Feb 03, 2010 (LBO) – Sri Lanka’s software industry has launched a campaign to draw information technology and business process outsourcing work mainly from small and medium firms in the United Kingdom and Europe, an industry body said. The Sri Lanka Association of Software and Service Companies (SLASSCOM) said in a statement it was aiming […]