Category: Other
Value Symbol
Sept 30, 2010 (LBO) – Less than half of Sri Lanka’s listed companies comply with a voluntary good corporate governance code developed by regulators and the body representing chartered accountants, an official said. “We have less than 50 percent of companies not complying with a code that’s not that stringent compared with global codes. “That’s […]
Sri Lanka offers land for agri-business
Sept 27, 2010 (LBO) – Sri Lanka is offering 200 acres of land for commercial agriculture on the bank of a major river bordering the island north-eastern region, meeting long-standing requests from businesses for land, a statement said. The offer comes in response to repeated requests from agri-business firms who have been clamouring for land […]
Sri Lanka should use low-yielding cows instead of importing: official
Sept 26, 2010 (LBO) – Sri Lanka should make better use of existing stocks of low yielding milch cows in larger privately owned herds rather than importing high-yielding stocks at great cost from abroad, a top official said. There have been attempts in Sri Lanka to import higher yielding cows to improve herd stock and […]
Sri Lanka natural resources seen threatened by weak laws
Sept 24, 2010 (LBO) – Protection of natural resources in Sri Lanka is endangered by the lack of peoples’ right to information and legal confusion created by devolution of power, an expert said. “Unless there’s an effective mechanism put in place and implemented vigorously it is not only poor people’s lifestyles but also natural resources […]
Lesson
September 20, 2010 (AFP) – The Sri Lankan government’s war probe Monday visited the final battleground where Tamil Tiger rebels were annihilated last year, but the international media was barred from reporting proceedings. However, the United Nations has estimated at least 7,000 civilians were also killed in the first four months of fighting while international […]
Jail Protest
September 19, 2010 (AFP) – Sri Lanka’s ex-army chief and opposition leader Sarath Fonseka on Sunday rejected his conviction at a court martial and said he would fight against a proposed three-year jail term. Fonseka, in a statement released through his democratic National Alliance (DNA) party, said he did not accept Friday’s verdict in a […]
Legal Cover
Sept 20, 2010 (LBO) – Corporate lawsuits are on the rise in Sri Lanka with the collapse of financial firms and a new company law making directors and executives more accountable, an insurance industry official said. Not only globally but in Sri Lanka too the trend of claims filed against corporate executives exposing them to […]
‘s end
Sept 20, 2010 (LBO) – Sri Lanka is to impose a new levy on tea exports to raise funds for marketing and advertising to increase its market share in the highly competitive beverage market, officials said. Upali Dissanayake, additional secretary of the Ministry of Plantation Industries, said the law to enable the collection of the […]
Detention Protest
SYDNEY, September 20, 2010 (AFP) – A Fijian man died suddenly at a Sydney immigration centre Monday, officials said, with a protest breaking out in the compound after claims he had jumped from a rooftop fearing deportation. Immigration officials said they were helping a police investigation into the “sudden death of a 36-year-old detainee” at […]
Set Free
VANCOUVER, September 18, 2010 (AFP) – Canada’s Federal Court ordered Friday the release of four women out of nearly 500 Tamils from Sri Lanka, who arrived via a cargo ship in Western Canada last month and claimed refugee status. As of Friday the government had appealed all but one release order — for a heavily-pregnant […]
Rebels strike as Afghanistan goes to the polls
KABUL, September 18, 2010 (AFP) – Afghanistan was voting for a new parliament on Saturday against a backdrop of rebel attacks and a full security alert following Taliban threats to derail the high-stakes election. Insurgents fired rockets in Kabul and other parts of the country and set off a bomb at a polling station, with […]
India shares breach 19,000 points level
MUMBAI, September 13, 2010 (AFP) – India’s main stock market on Monday crossed the key 19,000 points marks to its highest level for more than two years, boosted by optimism about growth in Asia’s third largest economy, dealers said. The 30-share Sensex hit a day’s high of 19,095. 74 in morning trade, before retracing marginally […]