Category: Other
India GDP figures set to show growth above 8%
NEW DELHI, May 30, 2011 (AFP) – India is expected to post economic growth of more than eight percent when it reports data for the fiscal fourth-quarter on Tuesday, despite a series of rate hikes that have hit industrial output. Asia’s third-largest economy is estimated to have expanded 8.2 percent from a year earlier in […]
Sri Lanka rubber plantation profits up
May 30, 2011 (LBO) – Sri Lanka’s Kegalle Plantations, which gets most of its revenues from rubber, said profits rose 14 percent to 270 million rupees with revenues growing 30 percent to 900 million rupees. Tea is a most labour intensive crop compared with rubber or coconut. The firm was charged 197 million rupees in […]
Sri Lanka CIC agro firm annual net up 58-pct
May 30, 2011 (LBO) – Sri Lanka’s CIC Holdings group said net profit for the financial year to March 2011 rose 58 percent to 929 million rupees from a year ago driven mainly by its agriculture and livestock business. Sales rose 27 percent to 21 billion rupees, the company said in a stock exchange filing. […]
‘t want to give up IMF power: India
NEW DELHI, May 28, 2011 (AFP) – India’s prime minister Saturday said there appeared little hope that an emerging nation candidate would be chosen to head up the International Monetary Fund in the current contest. The Indian premier’s comments came a day after France announced that the country’s finance minister Christine Lagarde would visit India […]
‘s pilgrim trail: a godsend for hotel chains
MUMBAI, May 29, 2011 (AFP) – India’s pilgrimage centres are fast becoming hot-spots for hotel chains, as both domestic and international groups look to plug a gap in the market for quality accommodation. Devotees flocking to so-called “temple towns” such as Shirdi in western Maharashtra state, the Sikh holy city of Amritsar in Punjab and […]
Sri Lanka cracks down on illegal fishing
May 27, 2011 (LBO) – Sri Lanka has told a regional fish management body that it is cracking down on illegal fishing that is seen hurting efforts to prevent over-exploitation of fish stocks and conservation. The crackdown comes in the wake of concern that illegal fishing hurt management measures aimed at controlling and monitoring fish […]
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May 26, 2011 (AFP) – Sri Lanka said Thursday it planned to set up sanctuaries for stray dogs in a bid to remove them from the streets and tackle a growing rabies problem. Between 2,000 and 2,500 people are bitten each day by stray dogs, the official said, and there is one dog for every […]
First Land Rover rolls out of Indian factory
PIMPRI, May 27, 2011 (AFP) – Mumbai-based Tata Motors opened its first Indian factory on Friday for Land Rovers, the formerly loss-making British brand aiming to make inroads in the booming South Asian market. A Freelander 2 sports utility vehicle was the first to roll out of the plant on the outskirts of Pune, some […]
Sri Lanka gets World Bank aid for city flood protection
May 26, 2011 (LBO) – The World Bank is to provide 150 million US dollars to Sri Lanka to improve flood protection and infrastructure in and around the capital city of Colombo, a government statement said. The overall aim of the ‘Metro Colombo Urban Development Project’ under taken with World Bank funding is to improve […]
Policy Debate
May 26, 2011 (LBO) – I am on an American Airlines flight from Phoenix, Arizona to St Louis, Missouri having enjoyed the only break in the rigorous seven week Eisenhower Fellowship program at the Grand Canyon, America’s great natural wonder. From St Louis I go to San Francisco and a number of other cities to […]
CEO Forum
May 26, 2011 (LBO) – Due to the growth of social media and the internet Sri Lankan firms have to be increasingly vigilant to safeguard the reputation of their brands among today’s well informed consumers, a senior executive said. Brands build bonds with end users to ensure they continually consume their products. Brand specialist say […]
Maldives and IMF hammer out new 3-year deal
May 26, 2011 (LBO) – The International Monetary Fund and the Indian Ocean tourist paradise of Maldives had reached a new 3-year deal to fix government finance and stabilize the country and its currency. Maldives is struggling with a large budget deficit partly due to large civil service salary bill, which it was unable to […]