Category: Other
Sri Lanka farmers get mobile phone trade service
Dec 23, 2009 (LBO) – Sri Lanka’s top celco Dialog Telekom is offering a trading platform based on short message services (SMS) that can help farmers to sell their produce and create a forward market for agriculture produce, officials said. Phones that don’t have the unicode function will deliver SMS’s in ‘Singlish’, he said. Singlish […]
Sri Lanka could see tea prices easing next year
Dec 23, 2009 (LBO) – Tea export countries like Sri Lanka could see prices easing next year as better weather improves crops and reduces the global shortfall that drove prices higher in 2009, the Food and Agriculture Organisation has forecast.Tea prices reached a record high in 2009, but should ease next year as weather improves […]
India tightens tourist visa rules: official
NEW DELHI, December 23, 2009 (AFP) – India has tightened its rules for long-term tourist visas, officials said Wednesday, in a move that is causing confusion for travellers and will affect thousands of foreigners in the country.Under previous rules, tourists on five or 10-year visas were required to leave the country every 180 days.But many […]
Money Wave
RATHGAMA, December 23, 2009 (AFP) – Billions of dollars were pledged after the 2004 Asian tsunami to help people like Pradeepa Niroshani who waited in vain for money to rebuild her destroyed home. Five years after the disaster, the government in Sri Lanka is under pressure from a leading anti-corruption group to account for nearly […]
‘s plastics
HAWTHORNE, December 22, 2009 (AFP) – Frederic Scheer is biding his time, convinced that by 2013 the price of oil will be so high that his bio-plastics, made from vegetables and plants, will be highly marketable.Cereplast, which has 25 employees in California and in Indiana, has accumulated a series of patents for the technology it […]
Italian winemakers first to invest in India: company
NEW DELHI, December 22, 2009 (AFP) – Two Italian winemakers have become the first foreign producers to invest directly in India, seeking to tap into a growing taste for the drink in the emerging market, their Indian partner said Tuesday.Riona Wines, based in the western Indian state of Maharastra, the country’s grape-growing centre, told AFP […]
Refugee Drama
JAKARTA, December 20, 2009 (AFP) – Fifteen of the Sri Lankan asylum seekers who spent weeks refusing to get off the boat that rescued them near Indonesia have left the country, a foreign ministry official said Sunday.“They left Indonesia yesterday.Two were flown to Australia and the other 13 were taken to an evacuation centre in […]
Iran Bound
SEOUL, December 21, 2009 (AFP) – A planeload of weapons from North Korea seized in Bangkok this month was bound for Iran, a newspaper report said Monday, citing documents obtained by arms trafficking experts.US Director of National Intelligence Dennis Blair had said last week that the 35-tonne cargo, shipped in defiance of UN sanctions on […]
Asset Sales
Dec 20, 2009 (LBO) – Court appointed officials liquidating assets of Golden Key Credit Card Company, a failed finance firm in Sri Lanka’s Ceylinco group, are planning an auction of assets, and offers have been received for the sale of a hospital, a media report said.The Sunday Island newspaper said several offers have been received […]
Climate leaders: The rhetoric vs. the reality
COPENHAGEN, December 19, 2009 (AFP) – They had been urged to side with the angels but ultimately, base political instinct seems to have prevailed among the world’s most powerful leaders as they sealed a climate pact among themselves, sparking fury elsewhere.From the eve of the 12-day marathon right until its finale, the overwhelming message in […]
Copenhagen deal passed amid condemnation, disappointment
COPENHAGEN, December 19, 2009 (AFP) – A UN conference on Saturday rammed through a battle plan against climate change forged by US President Barack Obama and other top leaders, sidelining smaller states which lashed the deal as a betrayal.After toxic exchanges through the night, the summit chair forced through a deal using a procedural tool […]
Sri Lanka commodity futures exchange mooted
Dec 18, 2009 (LBO) – Sri Lanka should set up a commodity futures exchange and introduce forward contracts to make farmers more efficient and earn more, a policy advocacy group has suggested.“We must use information communications technology to give farmers information on weather, prices, costs and procurement of inputs.” “The forward sale contract system should […]