Category: Other
Sri Lanka October tea exports hit new high
Dec 02, 2010 (LBO) – Sri Lanka’s tea export earnings hit a new high in October 2010 as shipments rose to their highest level in four years amid high prices, brokers said. Some of the BOP type teas rose by over 50 rupees a kilo. Prices of low grown teas, which make up the bulk […]
Sri Lanka turns former Tiger hideout into wildlife sanctuary
Sri Lanka turns former Tiger hideout into wildlife sanctuary November 30, 2010 (AFP) – Sri Lanka is to turn a vast jungle area that was a base for the separatist Tamil Tiger rebels into a wildlife sanctuary, 18 months after the end of island’s bloody civil war, the government said Tuesday. The jungles of Mullaittivu, […]
Sri Lanka commodity export tax seen hitting grower income
Nov 30, 2010 (LBO) – An increase in tax on Sri Lanka’s bulk tea exports is likely to reduce prices paid by buyers although it had no immediate impact owing to prevailing strong demand, brokers said. The cess on all other value added tea products will remain at 7. 50 rupees a kilo. “The 3.50 […]
India economy grows by forecast-beating 8.9 percent
NEW DELHI, November 30, 2010 (AFP) – India’s economy grew a forecast-beating 8. 9 percent year-on-year in July-September, data showed Tuesday, underscoring the country’s brisk recovery from the global financial crisis. The healthy numbers brought temporary cheer to the Congress-led government, buffeted by a string of scandals including a damaging telecom corruption scam which could […]
”’ US says: WikiLeaks
KABUL, November 29, 2010 (AFP) – Leaked US documents on Monday painted President Hamid Karzai’s controversial younger brother as a corrupt drugs baron, exposing deep US concerns about graft undermining the war against the Afghan Taliban. Internet whistleblower WikiLeaks has started to release quarter of a million confidential US diplomatic cables, detailing embarrassing and inflammatory […]
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DHAKA, November 28, 2010 (AFP) – In the home of cheap clothing manufacturing, the record price of cotton is causing havoc for producers — and the pain will pass down the chain to buyers in developed countries, analysts say. Bangladesh, the third-biggest producer of clothes worldwide, is one of the cheapest locations for manufacturing in […]
Grave Probe
November 23, 2010 (AFP) – Sri Lanka Tuesday began investigating a claim that Tamil Tiger rebels executed 26 captured government soldiers at the height of fighting between the two sides last year, an official said. Military spokesman Udaya Madawala said forensic experts and police investigators had been sent to the northeastern district of Mullaittivu Monday […]
Sri Lanka to distribute unused estate land among small farmers
Nov 22, 2010 (LBO) – The Sri Lankan government intends to distribute among small farmers uncultivated land on tea estates operated by listed regional plantations corporations, President Mahinda Rajapaksa told parliament. The RPCs will be given six months’ notice to cultivate unused land, he said during a speech on the government budget for 2011. If […]
Sri Lanka to raise export taxes on bulk tea, rubber exports
Nov 22, 2010 (LBO) – The Sri Lankan government plans to raise taxes on exports of bulk tea and raw rubber in penalizing producers and restricting their market access in a bid to support value added production, the budget for 2011 said. President Mahinda Rajapaksa told parliament during his budget speech that the island has […]
India approves new airport for Mumbai
NEW DELHI, November 22, 2010 (AFP) – India gave the green light on Monday for the construction of a second international airport in the commercial capital Mumbai, a two billion dollar project that was ten years in the making. “Today, formally the environmental clearance has been given to the Navi Mumbai Project,” Environment Minister Jairam […]
Land Hustle
Nov 18, 2010 (LBO) – Sri Lanka is planning to bring in a new law to fast-track state land allocations to investors which are held up due to procedural delays at local government level, deputy economic development minister Lakshman Yapa Abeywardene said Abeywardene said such procedures required a new law to be passed. “We want […]
New Allegation
November 14, 2010 (AFP) – Sri Lanka is probing allegations that one of its nationals employed in Jordan was forced to swallow nails, in the third case involving alleged torture in three months, an official said Sunday. A housemaid identified as D. M. Chandima has told the Sri Lankan diplomatic mission in Amman that her […]