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Sri Lanka stocks close down 0.5-pct
June 11, 2013 (LBO) – Sri Lanka’s stocks closed down 0.59 percent on Tuesday, following a sudden rise in the market the day earlier. The market was down due to investors taking profit and losses in the heavy index stocks CTC, LLUB and SLT, brokers said. Softlogic Holding closed at 10.90 rupees down 10 cents […]
Sri Lankan applicants on fast track for UK visa
June 11, 2013 (LBO) – Applicants from Sri Lanka who had recently travelled to some North American, European and Pacific countries could apply for a fast track visa, the UK High Commission (embassy) in Colombo said. From June 24, Sri Lankans who had travelled “without difficulty” to the USA, Canada, UK, Australia, New Zealand or […]
Education Direction
June 11, 2013 (LBO) – Sri Lanka’s state education system is in the process of changing its structure from an exam centric one to a more interactive learning system, the island’s education minister said.“There should be a structural change in the education system to help with the employment requirements of the country,” minister Bandula Gunawardena […]
Big Brother
HONG KONG, June 11, 2013 (AFP) – Whistleblower Edward Snowden was acclaimed Tuesday by WikiLeaks founder Julian Assange as a “hero” defending personal liberty, but US lawmakers clamoured for the NSA contractor’s immediate expulsion from his Hong Kong hideout to face justice at home.Snowden, a 29-year-old technology expert working for a private firm subcontracted to […]
Sri Lanka canned fish factory explored by Thai firm
June 11, 2013 (LBO) – Thai Union Manufacturing Company is planning a fish canning factory in Sri Lanka and a team is expected to arrive later this month to conduct a feasibility study an official said.“Sri Lanka is importing large amount of canned fish right now,” National Aquatic Resource Agency chairman S G Samarasundara said. […]
Sri Lanka export agency under Nestlé executive
June 11, 2013 (LBO) – A senior executive of Nestlé, a Swiss-based food group company has been appointed chairman of Sri Lanka’s state export promotion agency, the ministry of commerce said.Bandula Egodage, vice president, corporate affairs at Nestlé Lanka Plc has was formally made chairman at a ceremony at Export Development Board’s office in Colombo […]
Sri Lanka state workers take home 56-pct of tax revenues in 2012
June 11, 2013 (LBO) – Sri Lanka’s state workers and pensioners have taken 56 cents out of every tax rupee collected from the people in 2012, not counting tax slashed car permits, official data shows. An analysis by the finance ministry shows that in 1.79 public sector workers took home 348 billion rupees in salaries […]
Sri Lanka stocks close up 0.5-pct
June 10, 2013 (LBO) – Sri Lanka’s stocks closed up 0.54 percent on Monday following a week of losses with gains in the heavy index stocks like JKH and CTC, brokers said. The benchmark Colombo All Share Index closed 33.85 points higher at 6,341.28 and the S&P SL 20 Index closed 23.98 points higher at […]
‘s Watawala in bottom of-the-pyramid tea push
June 10, 2013 (LBO) – Sunshine Holdings Plc, which has the second largest share in the branded tea market, will expand into the bottom-of-the-pyramid segment, with its new third brand, officials said.The firm now had a third of a 10 million kilo branded tea market.Sri Lanka’s total domestic tea consumption is estimated at around 26 […]
Sri Lanka rice second highest for toxic metal in 12-nation study: report
June 10, 2013 (LBO) – Sri Lanka has come second after Bangladesh for concentrations of cadmium in a listing of 12 countries where rice was tested for toxic metals, a media report said.Cadmium had been linked to a mysterious kidney disease of which the original are still not conclusively known (chronic kidney disease of unknown […]
Great Expectations
June 10, 2013 (LBO) – Sri Lanka’s small and medium enterprises could use e-commerce “to grow exponentially,” software and outsourcing chamber official said welcoming plans by authorities to liberalize Paypal inward payments.Central Bank Governor Nivard Cabraal said last month, that the regulator was “seriously” looking at liberalizing Paypal inward remittances, which had been blocked in […]
Sri Lanka monsoon death toll climbs to 31
COLOMBO, June 10, 2013 (AFP) – Naval boats and helicopters scoured seas off Sri Lanka Monday for dozens of missing fishermen, as the confirmed death toll from heavy monsoon rain and strong winds rose to 31, an official said.The bodies of 30 fishermen plus one victim on land have so far been recovered while another […]