Author: lbostgadmin
Sri Lanka tea prices fall
Feb 06, 2009 (LBO) – Prices of Sri Lankan tea fell on lower demand at this week’s Colombo auctions, breaking an upward trend that began with the first sale of the year, brokers said.High-priced teas from the low grown regions, which produce the bulk of the national crop, suffered the worst falls. “The market for […]
Sri Lanka tea factory firm makes loss after price collapse
Feb 06, 2009 (LBO) – The collapse in Sri Lankan tea prices towards the end of last year has caused a loss of 35 million rupees at Tea Smallholder Factories, a listed unit of John Keells Holdings, in the December quarter.Tea Smallholder Factories said net profit for the nine months ending December 31, 2008 was […]
Clean Seas
Feb 06, 2009 (LBO) – Sri Lanka has called for fresh bids from private investors to set up a collection facility in Colombo port for waste oil from ships which will be charged a fee for the service.The deadline for bids is April 3 with the decision on the successful bidder being made by June […]
Sri Lanka stocks becalmed
Feb 06, 2009 (LBO) – Sri Lankan shares were barely changed Friday with the most actively traded stock being Lanka Cement, which has a defunct plant in the north that could be revived if the ethnic war ends, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
Sri Lanka offers amnesty to Tamil Tigers: PM
February 5, 2009 (AFP) – Sri Lanka is offering an amnesty to Tamil Tiger rebels who lay down arms and surrender to government forces, Prime Minister Ratnasiri Wickremanayake told parliament Thursday.“There are reports that groups of people who took part in terrorist activities in the north (of the island) are ready to give themselves up,” […]
Sri Lanka combatants must declare truce, evacuate civilians: Canada
Feb 05, 2009 (LBO) – Canada has called for the warring parties in Sri Lanka to declare a truce to evacuate the wounded civilians and for the Tigers to lay down arms. Meanwhile several hundred civilians have crossed over to government controlled areas in recent days. “We continue to believe that the conflict cannot be […]
‘s biggest snake found in Colombia
PANAMA CITY, February 5, 2009 (AFP) – Scientists have found a 60-million-year-old fossil of the world’s largest snake, a 13-meter (42-foot), one-tonne behemoth dubbed Titanoboa, in a coal mine in Colombia, the US Smithsonian Tropical Research Institute said Wednesday. “The discovery of Titanoboa challenges our understanding of past climates and environments, as well as the […]
Darwin at 200: World salutes founder of evolutionary theory
PARIS, February 5, 2009 (AFP) – Two hundred years ago, in a wealthy household in rural England, a child was born who, in a quiet, dogged and utterly peaceful way, was destined to become one of the greatest revolutionaries who lived. Armed just with a pen, Charles Darwin reforged our concept of Nature and humanity’s […]
Sri Lanka Galle literary festival; journeys back in time
Feb 05, 2009 (LBO) – A blond woman in China with an unusual history; airline passengers armed to the teeth, crowded into a rickety Russian plane in Afghanistan, are an unlikely combination to encounter on a single journey.Award winning British travel-writer and novelist Colin Thubron, – one of whose latest works is Shadow of the […]
Port Bids
Feb 05, 2009 (LBO) – The Sri Lanka Ports Authority has issued a long-awaited call for bids for a container terminal in a new deep-draft port being built next to the existing Colombo harbour. Bids will be opened by the Cabinet appointed negotiating committee on behalf of the Sri Lanka Ports Authority on May 19. […]
Sri Lanka stocks slump
Feb 05, 2009 (LBO) – Sri Lankan shares slumped Thursday, dragged down by losses in blue chips with trading likely to remain choppy as investors take advantage of market upturns to book profits, brokers said. Brokers said that although military gains against the Tigers could end the war and restore economic stability, the global slowdown […]
Sri Lanka rupee touch 114.05 in tom trade; CB T-bill stock Rs162bn
Feb 05, 2009 (LBO) – The US dollar touched 114.05 rupees in active ‘value tomorrow’ dealing with a state bank on the buying side Thursday, despite official intervention at a lower rate on spot trades, dealers said.The spot dollar – which is settled two market days later – is closely watched by authorities, with a […]