Category: Other
No Sri Lankans among rescued from stricken refugee boat: foreign ministry
June 22, 2012 (LBO) – There were no Sri Lankans among more than 110 people rescued from a capsized refugee boat by Australian authorities, the foreign ministry said. Australian and Indonesian authorities are continuing to search for around 90 other still believed missing from the boat, the foreign ministry said. Sri Lanka’s foreign ministry said […]
Millions of Bangladeshi apparel workers need bank accounts: IFC
June 22, 2012 (LBO) – International Finance Corporation, a member World Bank arm has said 86 percent of three million apparel sector workers in Bangladesh did not have bank accounts, potentially opening up a large new market for banks. “This report shows that there is a considerable opportunity in offering a range of financial services […]
Sri Lanka tea production down in May
June 20, 2012 (LBO) – Sri Lanka’s tea production fell 8. 4 percent to 30.8 million kilograms in May 2012 from a year earlier, the state tea promotion office said as the country was hit by dry weather. High grown tea fell to 7.36 million kilos from 9.0 kilos, mediums fell to 5.58 million kilos […]
Horton Plains, Sri Lanka explored in new book
June 15, 2012 (LBO) – Sri Lanka’s Horton Plains, a small 30 square kilometer national park with beautiful scenery is a rich reserve of hundreds of endemic plants, animals and birds, that are not always visible to the untrained eye. A new book ‘Horton Plains’ edited by Rohan Pethiyagoda, a Sri Lankan scientist currently in […]
” companies named by ILO
June 09, 2012 (LBO) – A survey by the International Labour Organisation has named seven Sri Lankan companies as having good practices in providing ‘green’ jobs that ensure decent work for employees and environmental sustainability. Use of ‘green’ sustainable initiatives was high among the 50 companies covered in the survey by the ILO and the […]
Sri Lanka biodiversity loss linked to exports to rich countries
The developed world’s insatiable appetite for products like coffee and timber is threatening the survival of one in three vulnerable animal species in poor countries, according to an Australian study. The study showed that in countries like Madagascar, Papua New Guinea, Sri Lanka and Honduras, 50 to 60 percent of biodiversity loss was linked to […]
Sri Lanka CIC Holdings to invest US$14mn in expansion
June 05, 2012 (LBO) – Sri Lanka’s CIC Holdings PLC, with investments from agriculture to paints, plans to invest over 14 million dollars in the coming months, to expand dairy, poultry and healthcare business, an official said. The dairy segment, which includes fresh milk production to yoghurts, will see a 6. 5 million dollar investment […]
Sri Lanka to have India trade show in August
June 04, 2012 (LBO) – An ‘India Show’ will be held in Colombo from August 3, coinciding with a visit bay Indian minister of commerce and industry Anand Sharma to the island to boost trade and investment amid currency trouble in both countries. The Indian High Commission (embassy) said more than 100 Indian firms are […]
Sri Lanka says open trade could counter climate change
June 01, 2012 (LBO) – Sri Lanka’s environment minister has said liberalised trade could mitigate climate change, helping spread energy-saving technologies and enabling countries facing scarcities to import to cover their requirements. Climate change was no longer an environmental and regulatory concern and was a growing crisis with economic, health and safety, food production and […]
Securities Fraud
May 31, 2012 (LBO) – Sri Lanka’s central bank should strip National Savings Bank’s directors off their posts, and prevent them from serving on boards in the future, after an attempt buy stock at an inflated price, a former securities regulator said. As pressure mounted from the regulators, the media and opposition legislators led by […]
Sri Lanka ships, plucks less tea in April
May 24, 2012 (LBO) – Sri Lanka, one of the world™s biggest tea exporters, produced and shipped less of the brew for the four months to April this year, due to poor weather and unrest in key markets, official figures showed. Tea, which grows across the island™s central hillside regions and in the south, saw […]
Sri Lanka Nestle March net down 25-pct
May 22, 2012 (LBO) – Sri Lanka’s Nestle Lanka Plc, a unit of a Swiss food firm said profits in the March 2012 quarter fell 25 percent to 461 million rupees as the firm was hit by higher energy prices and currency depreciation. Nestle Lanka reported earnings of 8.60 rupees per share for the quarter. […]