Category: Other
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 […]
Indian car sales jump 31 percent
NEW DELHI, August 10, 2009 (AFP) – Indian car sales jumped for a sixth straight month in July, climbing an annual 31 percent, as new launches and cheaper finance boosted demand, industry figures showed Monday. Domestic passenger car sales rose to 115,067 units in July from 87,901 units a year ago, the Society of Indian […]
”” 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 […]
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MUMBAI, August 9, 2009 (AFP) – The traditional image of finishing schools is of the Swiss Alps, where elegant young ladies from well-to-do families learn to walk, talk and make conversation before entering polite society. Now India is looking to the model for the three million or so graduates it produces every year to refine […]
‘s foreign workers
KATHMANDU, August 9, 2009 (AFP) – When Anita Gimmi was unable to find work in her native Nepal last year, she borrowed 1,300 dollars and travelled to Qatar to take up a two-year contract with a cleaning company there.Less than a year later, the 26-year-old has been forced to return home still heavily in debt […]
Sri Lanka Bogawantalawa in US tea deal with multinational
Aug 09, 2009 (LBO) – Sri Lankan tea growing and marketing company Bogawantalawa Tea Estates said in a statement it was in talks with a multinational to sell packaged tea in the United States.Bogawatalawa Tea Estates manages 14 estates on 8,000 hectares at elevations of 3,000-5,000 feet and also sells tea, including iced teas, in […]
Australia to probe international education after India attacks
SYDNEY, August 8, 2009 (AFP) – Australia announced a sweeping review of its international education sector Saturday, as India’s foreign minister prepared to meet with students rattled by a series of attacks and study scams. Education Minister Julia Gillard said former Liberal MP and diplomat Bruce Baird would head the review, which was aimed at […]
Thailand says Tamil Tiger leader arrested in Malaysia
BANGKOK, August 7, 2009 (AFP) – Thailand’s government on Friday rejected Sri Lankan state media claims that the new leader of the defeated Tamil Tiger separatist group had been arrested in Bangkok. Government spokesman Panitan Wattanayagorn said Selvarasa Pathmanathan, better known as K.P., had instead been arrested in the Malaysian capital Kuala Lumpur. “The National […]
‘s flagship outsourcing sector hits tough times
NEW DELHI, August 6, 2009 (AFP) – These are tough times for India’s flagship outsourcing industry whose skilled, low-cost workforce helped plant the country on the global business map.With the world in the grip of the worst economic slump since the 1930s, revenue growth from outsourcing — subcontracting work to a third-party company — is […]
Sri Lanka Bogawantalawa Tea starts distribution network
Aug 06, 2009 (LBO) – Sri Lankan tea growing and marketing company Bogawantalawa Tea Estates said it has launched its own distribution channel in the local market.Most Sri Lankan tea producers sell their teas through the Colombo auctions but several firms are trying to establish their own brands and sell direct to consumers, cutting out […]
