Category: Other
Sri Lanka spices hit by bad weather
Aug 19, 2009 (LBO) – Sri Lankan spice exporters and producers said this year’s production and exports have been affected by bad weather on which the crops are dependent. Karthik Ramachandran, chairman of the Spices & Allied Products Producers™ & Traders™ Association (SAPPTA) said demand for the island’s spices was growing rapidly. “SAPPTA is trying […]
Sri Lanka coconut exporter does well in June
Aug 18, 2009 (LBO) – Sri Lanka’s Coco Lanka said exports of coconut products did well in the June 2009 quarter with group net profit up 982 percent to 34 million rupees from just three million a year ago. The company, part of the Renuka Holdings group, said in a stock exchange filing that sales […]
Sri Lanka Maskeliya Plantations makes profit in June quarter
Aug 17, 2009 (LBO) – Sri Lanka’s Maskeliya Plantations said June 2009 quarter net profit was marginally higher than a year ago despite lower sales and sharply higher finance costs. The company said in a stock exchange filing that net profit for the June quarter went up two percent to 53 million rupees from a […]
India faces drought but economists upbeat
NEW DELHI, August 16, 2009 (AFP) – Crops are shrivelling as India faces the spectre of drought but economists say they are still upbeat about the country’s economic prospects. They are banking that a strong industrial performance will help offset the impact of the worst monsoon in years in Asia’s third largest economy. Analysts have […]
Legal Move
Aug 16, 2009 (LBO) – The directors of two failed property firm in Sri Lanka’s troubled Ceylinco group has been given court nod to have a board meeting in prison to approve the setting up of a trust to repay investors, a media report said. Directors of F & G Property Developer (Pvt) Ltd, and […]
Pakistan moves to bring tribal belt into mainstream
ISLAMABAD, August 14, 2009 (AFP) – Pakistani President Asif Ali Zardari unveiled political reforms in the country’s tribal belt Friday in a bid to extricate the lawless region from the grip of Taliban and Al-Qaeda militants.Pakistan’s seven federally administered tribal areas (FATA) have become a stronghold for hundreds of extremists who fled after the US-led […]
Sri Lanka, Maldives trade shifting to services: envoy
Aug 13, 2009 (LBO) – The Maldives is introducing laws to attract foreign investors such as those from Sri Lanka with whom the archipelago’s trade is growing and shifting towards services, the Maldivian envoy to Colombo said. High commissioner Ali Hassen Didi said the two countries have had close trade links for decades and shared […]
Sri Lanka Dilmah says branded tea to Europe hit by strong rupee: Interview
Aug 12, 2009 (LBO) – Sri Lanka™s largest branded tea exporter who was hit by a slump in demand says an upturn may be around the corner but warns that weak balance sheets in large plantations pose a long-term threat to the industry. MJF Group owned Dilmah tea – available in over 90 countries – […]
Sri Lanka value-added tea exports boost Finlay profits
Aug 12, 2009 (LBO) – Sri Lanka’s James Finlay group said June 2009 quarter net profit shot up 75 percent to 80 million rupees from a year ago as exports of value-added teas with better profit margins grew.The company, part of the Swire group of the UK, said in a stock exchange filing of provisional […]
‘s Andaman Islands
PORT BLAIR, August 10, 2009 (AFP) – A huge 7.6 magnitude earthquake struck off the Andaman Islands in the Indian Ocean on Tuesday, triggering panic as people fled their homes amid initial warnings of a possible tsunami.A tsunami alert issued for India, Myanmar, Indonesia, Thailand and Bangladesh was later cancelled by the Pacific Tsunami Warning […]
‘s Exxonmobil signs 21 bln dlr India deal: minister
MELBOURNE, August 11, 2009 (AFP) – Energy giant Exxonmobil’s Australian arm has signed a gas supply contract with India’s Petronet worth 25 billion dollars (21 billion US) over 20 years, Energy Minister Martin Ferguson said Tuesday.Ferguson said the liquefied natural gas (LNG) deal heralded a new trading partnership between Australia and India. “I hope this […]
”” futures: Indian FM
MELBOURNE, August 10, 2009 (AFP) – “Dubious” Australian colleges are ruining the future prospects of young Indian students and trashing the country’s reputation abroad, India’s foreign minister said in comments published Monday.S.M. Krishna, visiting Australia to express concern over a wave of street assaults on Indian students, said there was concern in New Delhi about […]