Category: Other
Maldives president resigns
Feb 07, 2012 (LBO) – Maldivian President Mohamed Nasheed has resigned, news reports said. Hundreds of police started demonstrating early Tuesday in the capital, Male, after officials ordered them to withdraw protection for government and opposition supporters protesting close to each other, the AP news agency said. The withdrawal resulted in a clash that injured […]
2012 rice trade to fall in weaker demand: FAO
BANGKOK, (Asia Pulse) – The international rice trade is forecast to fall by approximately 1 million tonnes, or 5 per cent, this year as improved harvest prospects in several major importing countries may reduce overall demand after achieving a worldwide record of 34.5 million tonnes (milled basis) in 2011, according to the United Nations’ Food […]
Sri Lanka tea farmers hurt by Middle East unrest
Feb 03, 2012 (LBO) – Sri Lankan small farmers are suffering because of a downturn in demand for tea from key markets in the Middle East owing to political unrest, an industry official said. Goonetilleke said 2012 had not started off well for the tea growers and factories producing low grown teas whose main market […]
Sri Lanka tea trade mulls new standard
Feb 02, 2012 (LBO) – Sri Lanka’s tea industry is considering developing an ‘all-encompassing’ standard to demonstrate compliance with a plethora of international criteria producers are faced with, an official said. Niraj de Mel, Managing Director of exporter Vanrees Ceylon, said the number of standards producers are compelled to comply with have been increasing in […]
Sri Lanka estate living standards seen improving
Feb 02, 2012 (LBO) – Sri Lanka’s tea plantations industry said investments in improving infrastructure and community services had improve the quality of life of workers who produce the island main export crop. The Planters™ Association of Ceylon (PA), which represents 23 listed Regional Plantation Companies (RPCs), said estate communities in RPC estates have seen […]
‘s HDFC to 3.9-pct
MUMBAI, Feb 2 (AsiaPulse) – US-based private-equity firm Carlyle Group on Wednesday reduced its stake to about 4 per cent in leading Indian mortgage company HDFC (BSE: 500180). Carlyle had 5.22 per stake in HDFC. The private equity firm sold about 1.3 per cent stake in the company through open market transaction, sources said. The […]
Kerala tourism promotion in Australia, Middle East
MUMBAI, Feb 1 (Asia Pulse) – Buoyed by an over 11 per cent increase in foreign tourist arrivals in 2011, which was a bad year for the global tourism industry given the bleak economic environment, Kerala is on a marketing blitz to attract more travellers from the Middle East and Down Under. “We plan to […]
Sri Lanka testing new tea plants
Jan 31, 2012 (LBO) – Sri Lanka is testing new varieties of tea that have better ability to tolerate drought and disease, the head of the island’s tea research outfit said. Gerry Jayawardena, chairman of the Tea Research Institute, said the new types of tea plants were needed given changes in climate and consumer preferences […]
Sri Lanka lifts ban on tea estates harvesting timber
Jan 31, 2012 (LBO) – A Sri Lanka state decision to allow commercial timber to be harvested will increase the supply of fuel wood for use in tea driers helping cut production costs, an industry body representing private managers said. “We are confident this decision by the government will benefit not only the estate sector […]
Sri Lanka war torn irrigation works get IFAD boost
Jan 31, 2012 (LBO) – The International Fund for Agricultural Development (IFAD) said it is giving a 22 million dollar loan to Sri Lanka to rebuilt irrigation works, which will help 7,000 farmer families in former war-torn areas. The money will be used to improve downstream irrigation infrastructure of the Iranamadu reservoir in Kilinocchi in […]
Sri Lanka tea industry poverty still high: FAO
Jan 30, 2012 (LBO) – Poverty levels in Sri Lanka’s tea industry are still too high and need to be addressed as a matter of priority, a senior official of the Food and Agriculture Organisation said. The FAO is also involved in the island’s tea industry and is supporting the National Institute of Plantations Managements […]
US fast food co Quiznos plans to open 150 outlets in India
NEW DELHI, Jan 30 (Asia Pulse) – American quick service restaurant brand QUIZNOS is expanding in India with plans to set up around 150 outlets in the northern and western regions of the country in the next five years. Quiznos, which has entered into a master franchise agreement with Delhi-based restaurant management company Sub-one Hospitality […]
