Category: Other
Sri Lanka tea prices up on supply concerns
Sept 18, 2009 (LBO) – Sri Lankan tea prices were again propelled higher at the Colombo auctions this week by supply concerns stemming from a worker go-slow on upcountry estates and a global production shortfall, brokers said. Auctions prices are likely to stay high as drought in major tea exporting countries had reduced the crop […]
Economic Impact
Sep 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Had the Business Chambers followed the above strategy, which in fact was suggested to them, they and their members could have minimized the […]
Public Debate
Sept 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Presentations were made by Rohan Samarajiva, head of LirneAsia, a think tank and a former telecom regulator, Preethi Jayawardena chief executive of Chemanex, […]
Disputed Justice
Sept 18, 2009 (LBO) – Sri Lanka’s private sector should have been more forceful in challenging a chief judge seen as brilliant but dominating whose judgments raised questions about the process of public interest litigation, a public forum was told. Affected businesses could have asked for immediate reviews of what they considered bad decisions of […]
Sri Lanka state rice stock pile to be sold
Sept 17, 2009 (LBO) – A lower grade government rice stock pile in Sri Lanka would be sold at 33 rupees a kilo, a government minister said, at time when the island’s staple food is near last year’s ‘food crisis’ levels.“We have built up a 44,000 tonnes of buffer stocks, we are only selling 15,000 […]
Sri Lanka tea wage crisis over, Rs6bn extra cost
Sept 14, 2009 (LBO) – A dispute over a wage hike that disrupted tea supplies from Sri Lankan plantations had ended with labour unions agreeing to a deal which will cost the industry about six billion rupees a year, a senior official said. Regional plantations companies (RPCs) and labour unions are to sign a deal […]
Sri Lanka tea wage deal to cost industry Rs6bn extra
Sept 14, 2009 (LBO) – Sri Lanka’s plantations industry will face about six billion rupees in extra costs owing to a deal with labour unions that ended a dispute over a wage hike that had disrupted tea supplies from hill-country estates, a senior official said. Regional plantations companies (RPCs) are to sign a deal today […]
Cambodia joins rubber association
PHNOM PENH, September 14, 2009 (AFP) – Cambodia has joined the Association of Natural Rubber Producing Countries in the hope of further developing the nation’s rubber industry, a government official said Monday.Ly Phalla, director-general of Cambodia’s directorate of rubber, said the ascension to the inter-governmental organisation will bring its burgeoning industry new technology and help […]
Sri Lanka estate wage dispute breakthrough seen
Sept 13, 2009 (LBO) – Talks between Sri Lankan plantations companies and labour unions on a pay hike appeared to have made some headway when the dominant union agreed on a deal, union officials said. Plantations companies had said they were unable to pay 500 rupees a day as they cannot afford it given high […]
‘s Jet Airways, as strike ends
MUMBAI, September 13, 2009 (AFP) – Services on India’s second-largest private airline, Jet Airways, resumed on Sunday after a five-day walk-out by pilots ended, the company said.Jet officials, who sacked two other pilots for breach of disciplinary procedures, on Sunday told a news conference in Mumbai that no action would be taken against the pilots. […]
Sri Lanka estate wage dispute deadlocked
Sept 12, 2009 (LBO) – Talks between Sri Lankan plantations companies and labour unions on a pay hike were unsuccessful Friday and are likely to be resumed next week, although the gap seems to have narrowed, union officials said.O A Ramiah,.Secretary General of the Joint Plantation Trade Union Centre, one of the three main unions […]
Sri Lanka sugar firm uses state credit to stop farmers switching to other crops
Sept 12, 2009 (LBO) – Sri Lanka’s Pelwatte Sugar Industries (PSISL) has used a state-supported credit scheme to stop farmers from moving into more attractive food crops and rubber cultivation and lobbied the government to increase tariff barriers.Chairman M J C Amarasuriya told shareholders the firm had been able to use a rural credit scheme […]