Category:
‘s economy grows 4.8-pct in third quarter
Dec 19, 2012 (LBO) – Sri Lanka’s economy expanded 4. 8 percent in the third quarter of 2012 slowing from 8. 5 percent a year earlier with agriculture contracting 0.5 percent, the state statistics office said. Sri Lanka’s gross domestic product was estimated to have grown 8. 3 percent in 2011 and is expected to […]
Sri Lanka reaches annual target with Polish tourist
Dec 18, 2012 (LBO) – Sri Lanka has reached an annual target of 950,000 for 2012 with the arrival of Agata Dziekn from Poland on December 18, the state tourism promotion office said. In November 2012 arrivals rose 20 percent from a year earlier to 109,202, the tourism office said. Dziekn, a graphic designer was […]
Sri Lanka flood, landslide toll rises
Dec 18, 2012 (LBO) – Flooding and landslides have killed at least nine people and left thousands homeless, Sri Lanka’s disaster management office said as heavy rains continued to lash parts of the island. Sri Lanka’s Disaster Management Centre said eight people had died in Matale and one is Kandy in central Sri Lanka and […]
Oman Air and Qatar Airways in codeshare do Doha
Dec 18, 2012 (LBO) – Oman Air has inked a code share deal with Qatar Airways allowing its customers to book flights from any of 42 points within its network to Doha, the capital of Qatar. “This codeshare will make travel within the Gulf region easier, effectively extending Oman Air’s network,” Wayne Pearce, chief executive […]
Sri Lanka opposition raises queries on payment for state land
Dec 18, 2012 (LBO) – A legislator from Sri Lanka’s main opposition United National Party had queried whether India’s Krrish group had made a payment for the purchase of leased state land on an announced date. A number of Sri Lankan and foreign firms which had been given state land were expropriated last year for […]
‘s Colombo Land says wraps up purchase
Dec 18, 2012 (LBO) – Sri Lanka’s listed Colombo Land and Development Company Plc has wrapped up a deal to buy an adjacent property, which it had earlier said cost 221 million rupees, and a hotel project has been delayed. The firm owns Sri Lanka’s Liberty Plaza shopping mall in the up market Kollupitiya suburb […]
Sri Lanka food exporters urged to register with FDA
Dec 18, 2012 (LBO) – Sri Lanka’s food exporters to the US should renew their registrations with the Food and Drug Administration quickly to avoid prohibition, the island’s embassy in Washington said. The embassy said under a food safety law (Food Safety Modernization Act) foreign firms also have to designate a US agent to communicate […]
Sri Lanka appoints honorary consul for Cape Town
Dec 18, 2012 (LBO) – Jonathan Jacobs, a businessman and chairman of International Trade and Tourism of the Cape Town Chamber of Commerce, has been appointed Honorary Consul covering the Western Cape Province of South Africa. Sri Lanka’s foreign ministry said he will assist the Sri Lankan High Commission in Pretoria. The foreign ministry said […]
Sri Lanka credit to business up in Oct
Dec 17, 2012 (LBO) – Sri Lanka’s credit to private businesses rose 29.5 billion rupees to 2,324.4 billion rupees in October 2012 from a month earlier as loans to state enterprises fell by 17. 3 billion rupees to 254.6 billion rupees, official data shows. Dollar credit to private business, which fell from the equivalent of […]
Official Menu
Dec 16, 2012 (AFP) – Sri Lanka on Sunday unveiled new guidelines encouraging devotees to donate low-sugar, healthier food to the country’s Buddhist monks after warnings that half of them risk developing diabetes. Sri Lanka’s monks eat food containing on average 12 teaspoons of sugar a day, but it should be reduced to a maximum […]
Tele Chief
Dec 17, 2012 (LBO) – Hutchison Asia Telecommunications Ltd, Hongkong has appointed Thirukumar Nadarasa a veteran in the group, as chief executive of Hutch Sri Lanka with immediate effect. He headed Sri Lanka’s operations from 2002 to 2007 when the network converted to the GSM standard and then moved to Vietnam. “I am pleased to […]
Sri Lanka and Mongolia forex debt ratios high: Fitch Report
Dec 17, 2012 (LBO) – Foreign currency denominated debt is expected to fall as a ratio of current receipts in except for Sri Lanka and Mongolia, where it will remain high, Fitch Ratings said in a report which tracked 12 emerging Asian nations. If the central bank then sterilizes the forex interventions with fresh money […]