Category: Other
”s Ssangyong
NEW DELHI, August 7, 2010 (AFP) – India’s leading sport utility vehicle maker Mahindra and Mahindra announced Saturday plans to bid for a majority stake in cash-strapped South Korea’s Ssangyong Motor Co as the firm seeks to go global. Mahindra’s board of directors approved the bid at a board meeting Saturday after the company carried […]
Sri Lanka to increase milk processing capacity
Aug 06, 2010 (LBO) – The Sri Lankan government is to set up two processing plants to increase capacity as milk production grows to provide liquid milk with longer shelf life to consumers, an official said. Government spokesman media minister Keheliya Rambukkwelle said two ultra heat treated milk processing plants will be set up in […]
Sri Lanka Watawala Plantations June net up 290-pct
Aug 06, 2010 9LBO) – Sri Lanka’s Watawala Plantations’ June 2010 quarter net profit shot up 290 percent to 146 million rupees from a year ago, a stock exchange filing said. Watawala Marketing’s sales rose 14 percent to 313 million rupees in the June 2010 quarter from the year before as its main brands ˜Zesta™ […]
Risky Returns
Aug 06, 2010 (LBO) – Police have arrested a Sri Lankan businessman who had disappeared after duping thousands of people into depositing money with his firm by promising high returns, an official said. Sakvithi Ranasinghe was arrested by police on Friday morning and is now being detained at the suburban Mirihana police station, police spokesman […]
Sri Lanka tea export earnings to hit record high
August 5, 2010 (AFP) – Sri Lanka is expected to earn a record 1.4 billion dollars from its tea exports this year thanks to a bumper crop, an official said Thursday. Tea, Sri Lanka’s biggest cash crop, earned 71.3 billion rupees (635 million dollars) in the first six months of 2010 compared with 58.2 billion […]
Sri Lanka Kelani Valley Plantations June net down 82-pct
Aug 04, 2010 (LBO) – Sri Lanka’s Kelani Valley Plantations net profit for the June 2010 quarter fell 82 percent to seven million rupees from a year ago as costs shot up and tea prices fell, a stock exchange filing said. Sales of the firm which grows tea and rubber and is a subsidiary of […]
Malaysia vows to curb illegal migration to Australia
KUALA LUMPUR, August 4, 2010 (AFP) – Malaysia said Wednesday it was confident of halting the flow of illegal migrants to Australia, after introducing tough penalties for smugglers using the country as a transit point. Malaysia can now impose harsh sentences including jail terms of up to 20 years, and fines of up to 1.0 […]
Large gaps in Asia-Pacific development goals: UN
JAKARTA, August 3, 2010 (AFP) – South Asia is lagging behind the Asia-Pacific region in poverty and hunger reduction, and is in danger of missing these key targets in the UN’s millennium development goals, a UN official said Tuesday. Ministers from around the region gathered at a review of the millennium goals (MDGs) heard that […]
Sri Lankan, Hawaiian sites added to world heritage list
BRASILIA, July 31, 2010 (AFP) – A region of mountainous forests in Sri Lanka and an isolated archipelago off Hawaii have been added to UNESCO’s World Heritage list, officials of the UN cultural and scientific body said Saturday. The World Heritage Committee of the United Nations Educational, Scientific and Cultural Organization decided to add the […]
Bangladesh police, garment workers clash for second day
DHAKA, July 31, 2010 (AFP) – Bangladeshi police fired rubber bullets Saturday in a bid to subdue garment workers who rioted for a second day in protest against low pay as unrest spread to areas outside Dhaka, police said. Workers fought pitched street battles with riot police in the manufacturing hub of Ashulia, north of […]
India wants Kohinoor diamond back. Cameron says no
NEW DELHI, July 29, 2010 (AFP) – The real jewel in Britain’s actual crown will not be returning to India, Prime Minister David Cameron said Thursday, as he ruled out any repatriation of the famed Kohinoor diamond. The 105 carat gemstone set in the coronation crown of the British royals was mined in the southern […]
Bangladesh garment workers rampage in Dhaka: police
DHAKA, July 30, 2010 (AFP) – Thousands of Bangladeshi garment workers blocked highways, attacked factories and looted shops in Dhaka on Friday, police said, after rejecting the terms of a government wage hike. An estimated 5,000 workers, who stitch clothes for leading Western brands, blocked the city’s main Tejgaon link road and attacked dozens of […]