Sri Lanka tea output hits record high in 2010

January 22, 2011 (AFP) – Sri Lanka, one of the world’s biggest producers of black tea, reported Saturday that output hit a record high in 2010, helped by good weather. The total crop for 2010 grew by 13. 1 percent to 329.4 million kilograms (72 4.7 million pounds) from 291.1 million kilograms a year earlier, […]

‘s IndiGo to start overseas flights

NEW DELHI, January 20, 2011 (AFP) – India’s ambitious budget airline IndiGo will start international operations in August, the company said in a statement, a week after it placed a huge order for 180 new aircraft. The aviation ministry has approved IndiGo’s proposal to launch services to Singapore, Bangkok, Dubai and Muscat. “IndiGo is delighted […]

Sri Lanka to open rice flour factory with state backing

Jan 20, 2011 (LBO) – Sri Lanka is opening a rice flour factory with a loan from a state bank re-financed by the central bank, the monetary authority said. The central bank said the monetary “in association with several key stakeholders and two state banks, is currently promoting rice based industries in the country with […]

Anti Smuggling

OTTAWA, January 19, 2011 (AFP) – Canadian Public Safety Minister Vic Toews renewed calls Wednesday for tougher measures to curb human smuggling, amid reports the defeated Tamil rebels are regrouping in his country. Toews said “new information” suggests that “syndicated criminal networks are organizing migrant smuggling ventures potentially destined for Canada. ” Without elaborating, he […]

Nobel laureate Yunus in Bangladesh court

DHAKA, January 18, 2011 (AFP) – Nobel peace prize winner Muhammad Yunus appeared in a Bangladesh court on Tuesday in a defamation case dating back to 2007, posing further legal problems for the microfinance pioneer in his homeland. Last week, the government ordered a probe into Yunus’s Grameen Bank, with which he shared the Nobel […]

Sri Lanka mahouts suspended over elephant death

January 17, 2011 (AFP) – Sri Lanka’s main elephant orphanage Monday suspended two mahouts and a curator following the death of a 23-year-old male pachyderm in their care, a senior official said. Elephants are considered sacred animals in Sri Lanka and a judicial inquiry is required before one can be buried. Gunaratne said the centre […]

Sri Lanka to push green jobs

Jan 18, 2010 (LBO) – Sri Lanka labour minsitry and the internatonal labour organisaton is to look for ways to create more ‘green jobs’ and provide skills for workers in environmentally friendly enterprises. “Moving the Sri Lankan economy onto an environmentally sustainable and low carbon development path will change the socio-economic structures of the country […]

LONDON, January 18, 2011 (AFP) – Britain has asked India to waive diplomatic immunity for a senior diplomat following reports that he assaulted his wife at their London home, the Foreign Office said Tuesday. Police were called to the home of the envoy, named by media as Anil Verma, last month following reports of a […]

Sri Lanka warns of high food prices after floods

January 17, 2011 (AFP) – Sri Lanka warned Monday that food prices could shoot up after devastating floods in the north and east of the country destroyed rice and vegetable crops. Disaster Management Minister Mahinda Amaraweera said vegetable prices had already been affected because of the impact on growing areas that were swamped by unusually […]

Sri Lanka mine fears as floods recede

January 16, 2011 (AFP) – Unexploded mines planted during Sri Lanka’s Tamil separatist war may have shifted during recent floods, officials said Sunday, as residents started to return to their badly-damaged homes and farms. More than one million people were initially displaced in the flooding, with the east of the island worst affected by a […]

Floods hit harvest festival in Sri Lanka former war zone inundated

BATTICALOA, January 15, 2011 (AFP) – Sri Lanka’s minority Tamils would normally celebrate their annual harvest festival Saturday, but instead they are struggling to survive the worst flooding in living memory. With a handful of rice and a couple of incense sticks, Sadairani Kumar is keen to mark the festival of Thaipongal, popular among the […]

Regulatory Review

Jan 15, 2010 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) will modernize its governing law to meet market trends and introduce civil sanctions for market offenders, an official said. SEC chairwoman Indrani Sugathadasa said the 1987 SEC law has been change three times but there had been “no overall review of the provisions […]

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