Category: Other
Sri Lanka awards another construction deal to China
Apr 20, 2012 (LBO) – China’s Sinohydro Corp. has won a 252 million US dollar contract to build a dam providing water and hydropower in north-central Sri Lanka. A statement said the decision to award the contract to build the headworks of Moragahakanda Reservoir to the Chinese state-owned hydropower engineering and construction company was made […]
Sri Lanka poultry industry margins to narrow
Apr 19, 2012 (LBO) – Margins in Sri Lanka’s poultry industry would narrow amid higher capacity but per person chicken consumption would continue to grow, a top poultry firm in the island has said. Three acre farms, a unit of Ceylon Grain Elevators, which is Sri Lanka’s largest day old chick producer said per capita […]
Maldivian President calls for early polls in July 2013
April 18, 2012 (LBO) – Maldivian President Mohamed Waheed on Wednesday called for presidential elections to be held ahead of time, in July 2013, after his favourites won two by-elections over the weekend. Waheed, who is accused by his predecessor of seizing power in a military-backed coup, said Saturday’s elections confirmed the democratic credentials of […]
Sri Lanka tea prices rise again
April 12, 2012 (LBO) – Prices of Sri Lanka’s low grown teas, which account for the bulk of the crop, rose again at last week’s auction and are now well above last year’s levels, brokers said. “In view of the present adverse weather conditions, global crop production looks bearish with Kenya, Sri Lanka and North […]
Sri Lanka may see tsunami waves after 4.00 pm: PTWC
Apr 11, 2012 (LBO) – A tsunami watch has been issued for many areas in the Indian Ocean following an earthquake, by US authorities in Hawaii, who said waves could reach Sri Lanka shortly after 4. 00 pm if a tsunami had been generated. In December 2004 an tsunami from a much larger quake (9. […]
Sri Lanka issues tsunami evacuation order
Apr 11, 2012 (LBO) – Sri Lanka has issued a tsunami evacuation asking residents in coastal areas to move to safer areas inland, following a strong earthquake in Indonesia. The department of meterology said residents in Eastern and Southern coastal areas should move inland quickly. Tsunami waves are expected to first hit the Eastern and […]
Sri Lanka coastal residents evacuate on tsunami warning
Apr 11, 2012 (LBO) – Residents of Sri Lankas’ coastal regions rushed to safety after authorities issued an evacuation order following a strong earthquake in Indonesia which generated a tsunami. . Sri Lanka’s department of meterology said residents in Eastern and Southern coastal areas should move inland quickly. An eyewitness said residents in Galle, a […]
Indian Ocean tsunami watch cancelled
April 11, 2012 (LBO) – A tsunami watch issued by the Pacific Tsunami Warning Center in Hawaii for the Indian Ocean, which prompted Sri Lanka to ask coastal residents to move to high ground, has been cancelled. Residents of Sri Lankas’ coastal regions rushed to safety after authorities issued the evacuation order following a strong […]
Sri Lanka firm to plant rubber in Cambodia
April 10, 2012 (LBO) – Sri Lankan plantation company Kotagala Plantations plans to plant 20,000 hectares of rubber in Cambodia, it said in a stock exchange filing. Kotagala Plantations has 12 tea and 11 rubber plantations in Sri Lanka. It has eight rubber manufacturing units, producing pale crepe and sole crepe. The total value of […]
Appeals
Apr 09, 2012 (LBO) – The two latest disappearances in Sri Lanka has prompted appeals from family members and the Australian envoy to Colombo as one of the disappeared is a national of that country, media reports said. An Australian media report said Gunaratnam’s wife had pleaded for his release from Australia. On January 03, […]
Cairn India find more oil
Apr 05, 2012 (LBO) – Cairn India Limited (CIL) said it has made a second oil discovery in a through its fully owned unit Cairn Energy India Pty Limited (CEIL) in an exploration block in Krishna-Godavari Basin on the east coast of India. CEIL is the operator of the block owning 24 percent of the […]
Sri Lanka rubber producer gains seen from traceability system
April 03, 2012 (LBO) – Small farmers making rubber in Sri Lanka might be able to get better prices by pooling their efforts and introducing traceability systems that would ensure guaranteed quality to buyers, researchers have found. In Sri Lanka, Lokanathan said about 43 percent of the rubber output is sold as ‘ribbed smoked sheets’ […]