Category: Other
Sri Lanka tea planters welcome reduction of sudden export tax
Feb 07, 2013 (LBO) – Sri Lanka Planters Association representing large tea growing companies welcome a reduction in a sudden hike in a tea export tax, which was sprung on the industry with no warning or consultation. Sri Lanka’s authorities have a habit of imposing taxes through gazette on citizens without consultation violating fundamental principles […]
‘s Bogawantalawa tea estate profits surge
Feb 06, 2013 (LBO) – Profits at Sri Lanka’s Bogawantalawa Tea Estates Plc, surged to 146 million rupees from a loss of 28 million rupees a year earlier, helped by stronger tea prices, interim accounts show. The firm reported earnings of 1.75 rupees per share during the quarter.In the nine months to December it reported […]
Afghanistan grows 12-pct, inflation 6-pct: IMF
Feb 05, 2013 (LBO) – Afghanistan’s economy is estimated to have grown at a blistering 12 percent rate in 2012 helped by lower inflation of 6 percent and a good harvest, the International Monetary Fund said. Afghanistan was expected to submit a value added tax law to parliament and also fix Kabul Bank. The IMF […]
Sri Lanka Horana tea estate profits up on better prices
Feb 05, 2013 (LBO) – Profits at Sri Lanka’s Horana Plantations Plc, which mainly grows tea rose almost trebled to 100 million rupees in the December 2012 quarter from a year earlier, on stronger tea prices.The firm reported earnings of 4.03 rupees per share for the quarter.In the nine months to December earnings were 6.14 […]
No Visit
Feb 02, 2013 (LBO) – The International Bar Association’s Human Rights Institute (IBAHARI) said visas for a delegation to visit Sri Lanka had been denied by authorities. IBAHARI said the delegation “has been forced to postpone a planned visit to Sri Lanka to assess the rule of law and the independence of the judiciary due […]
Sri Lanka protests rise over sudden tea export tax
Feb 01, 2013 (LBO) – Protests over a sudden export tax slapped on tea intensified with a second industry association joining exporters saying the industry was being progressively decimated by authorities.The Ceylon Tea Traders Association, an apex industry association, said a tax on tea has been virtually doubled “like a bolt from the blue” adding […]
Senator Call
WASHINGTON (AFP) Two US senators on Tuesday renewed calls for an international investigation into potential war crimes in Sri Lanka, accusing Colombo of failing to address legitimate concerns.Senators Patrick Leahy and Bob Casey, prominent voices on foreign policy in President Barack Obama’s Democratic Party, said the island had failed to carry out recommendations from its […]
Resolution
Jan 28, 2013 (AFP) – The US will bring a fresh resolution to the UN Human Rights Council in a bid to force Sri Lanka to deliver on promises to probe its troops for war crimes, top US diplomats announced Monday after talks with Colombo.“The US has decided to sponsor a procedural resolution (against Sri […]
Sri Lanka hosts tea producer forum
Jan 24, 2013 (LBO) – An International Tea Producers’ Forum formed in Colombo will work to secure their common interest, Sri Lanka’s plantation industries minister Mahinda Samarasinghe said. “With an intergovernmental membership of seven of the world™s largest tea producing countries, ITPF will serve as a powerful new channel to tackle the challenges facing the […]
Sri Lanka China venture to make specialty tea
Jan 23, 2013 (LBO) – Sri Lanka’s Elpitiya Plantations Plc has formed a joint venture with China’s Yunnan Dianhong Group to produce ‘Chinese Specialty Tea’ for export, the island’s investment promotion agency said. The joint venture firm Elpitiya Dianhong Jin Ya Tea Company (Private) Limited has been formed with Dianhong International Limited, Hongkong, the BOI […]
Sri Lanka printer gets top green rating
Jan 21, 2013 (LBO) – Sri Lanka’s Aitken Spence Printing said its new printing facility had received a ‘Gold’ rating from in Leadership in Energy and Environmental Design (LEED) from US-based Green Building Council. The company’s new 77,000 square feet facility near Sri Lanka’s capital Colombo, was given LEED-NC (New Construction): GOLD Certification, the firm […]
Sri Lanka to imports 4,500 dairy cows to state farms
Jan 18, 2013 (LBO) – Sri Lanka’s state-run National Livestock Development Board is spending 28.537 million US dollars to import 4,500 dairy cows, of which 500 animals have already arrived in the country, information minister Keheliya Ramukwelle said.The cows will be distributed among three farms in Bopaththalawa, Nikaweratiya and Sirignapatha. Under the first stage 500 […]