Category: Other
Paradise Isle
Apr 03, 2013 (LBO) – The Muslim-owners of Fashion Bug who compounded a case may have taught mob monks a lesson in Buddhism that hatred cannot be overcome by hatred.However, a sports sponsorship may have been more appropriate to prevent a recurrence. A Buddhist monk who took part in the March 28 night time attack […]
Sri Lanka mega projects may intensify human elephant conflict: researchers
Mar 27, 2013 (LBO) – Sri Lanka’s aggressive economic expansions into elephant country through recent projects may further aggravate human conflicts, which are already taking a toll on human and animal life, researchers and conservationists have warned. Driving elephants into reserves or transporting is not effective as they try to come back. Disturbing the habitat […]
Spreading Fear
Mar 25, 2013 (LBO) – Mob violence in Sri Lanka against Muslims and Christians and emerging attacks and humiliation of Muslim girls for their dress by Buddhist nationalists, was spreading fear among minorities, Friday Forum, a citizens group said.“The failure of the police to act swiftly and effectively in enforcing the law has encouraged individuals […]
Another Resignation
Mar 22, 2013 (LBO) – The director general of Sri Lanka’s securities regulator, resigned Friday, becoming the fourth top official to leave the regulatory body in controversial circumstances in the last three years. “Based on my principles, considering the present set up I decided to resign,” Hareendra Dissa Bandara said, closely echoing the words of […]
‘s Renuka Agri Foods buys 100-pct of diary unit
Mar 12, 2013 (LBO) – Sri Lanka’s Renuka Agri Foods said it had bought a residual stake in Rich Life Dairies, a firm which produces ready to drink flavoured milk and fruit juices raising its stake to 100 percent. Renuka Agri Foods said in stock exchange filing that it had paid 100 million rupees for […]
Justice Call
Mar 08, 2013 (LBO) – The brother of a British tourist murdered while holidaying Sri Lanka in 2011 is calling for justice saying his killers are still free 15 months after he was shot and attacked in full view of witnesses.Khuram Shaikh, a red cross worker was killed in the early of December 25, 2011 […]
Sri Lanka Royal Ceramic sells commodity broker
Mar 07, 2013 (LBO) – Sri Lanka’s Royal Ceramics Plc, a tile and sanitary ware group said it sold 12.75 percent of its 51 percent stake in Asia Siyake Commodities Plc, a tea broker, to Lanka Commodity Brokers Ltd.The first tranche would be sold after March 04 and the second tranche after June 11.The firm […]
‘s Mannar district aquaculture boosted by Japan
Mar 07, 2013 (LBO) – Japan will provide 8.2 million rupees to build a hatchery to produce fingerlings in Sri Lanka’s former war torn North Eastern district of Mannar, the Japanese embassy said.Japan will give 65,735 dollars as grant aid to Sri Lanka’s state-run National Aquaculture Development Authority of Sri Lanka (NAQDA) to build a […]
Sri Lanka could cut carbon emissions 19-pct with green moves: ADB study
Mar 06, 2013 (LBO) – Sri Lanka could cut green house gas emissions by 19 percent by 2020 by increasing energy efficiencies and by using green power technologies, an Asian Development Bank study has said. Sri Lanka offers high tariffs for municipal waste energy but no firm project has so far come forward, with industry […]
Sri Lanka Nestle unit net up 56-pct
Mar 02, 2013 (LBO) – Nestle Lanka Plc, a unit of a Swiss-based food group said profits rose 56 percent to 949 million rupees in the December 2012 quarter from a year earlier, and payments to local farmers topped 4.0 billion rupees. Total payments to dairy and coconut farmers topped 4.0 billion rupees. The firm […]
Sri Lanka poultry firms in the red on higher costs, weaker sales
Mar 01, 2013 (LBO) – Sri Lanka’s Ceylon Grain Elevators, which has interests in feed-milling, hatchery and poultry meat said it lost 229 million rupees in the December 2012 quarter on weak sales and higher costs.The group reported a loss of 2.82 rupees per share for the quarter, in accounts filed with the Colombo Stock […]
AirAsia to form India budget carrier with Tata
Feb 20, 2013 (LBO) – Malaysia’s AirAsia said has sought approval from authorities in India to form a joint venture budget carrier with Tata group and another investor, Arun Bhatia of Telestra Tradeplace. AirAsia pulled out of Colombo this year. “AirAsia is confident that it can replicate its unprecedented success across Malaysia, Thailand, Indonesia and […]