Category: Other
Maldives declares whale shark sanctuaries
June 10, 2009 (LBO) – Maldives has established three protected areas for whale sharks, the world’s largest fish, the Indian Ocean atoll state which is famed for its corals and marine resources, said. The marine protected areas have been declared in and around Baa atoll Hanifaru, Baa atoll An’gafaru and South Ari atoll Maamigili, to […]
Chief Judge
June 08, 2009 (LBO) – The Sri Lankan government has appointed Justice Asoka de Silva as the island’s new chief justice. Justice de Silva took oaths as Sri Lanka’s 32nd chief justice before President Mahinda Rajapaksa Monday morning, the government information department said in a statement. He is the senior-most Sri Lankan judge and has […]
‘s share market on a roll: analysts
MUMBAI, June 7, 2009 (AFP) – Indian shares trading near 10-month highs are on a roll and could see more gains as investors pour money back into the South Asian country, analysts say. Indian stocks are already among the top-performing emerging markets this year as financial institutions and overseas funds bet on robust growth in […]
Sri Lanka tea exports fall sharply in April
June 06, 2009 (LBO) – Sri Lanka’s shipments of tea, its main commodity export, fell sharply in April compared with a year ago, as production was hit by severe drought earlier in the year, brokers said.Asia Siyaka said Sri Lanka earned 34.4 billion rupees from tea exports up to April 2009, down 19 percent from […]
India new govt says will focus on growth, help poor
NEW DELHI, June 4, 2009 (AFP) – India’s new Congress-led government promised Thursday to focus on spurring economic growth in its bid to meet a recent election pledge of turning voters’ hopes “into change”.Spelling out the government’s goals for a second term in office after being swept back to power on promises to help the […]
Sri Lanka probes foreigners in refugee camps
June 4, 2009 (AFP) – Sri Lanka has identified six foreign nationals among tens of thousands of war displaced civilians held in state-run camps in the island’s north, a minister said Thursday. Three Australians and one each from Britain, the Netherlands and Norway had crossed over to government-held areas after escaping from the war zone […]
Hostage Crisis
ZAMBOANGA, June 4, 2009 (AFP) – A Sri Lankan peace activist kidnapped by Islamic militants in the southern Philippines almost four months ago has been safely rescued, police said Thursday. Umar Jaleel was rescued late Wednesday from his Abu Sayyaf captors in the town of Tipo-Tipo on Basilan island, regional police spokesman Superintendent Danilo Bacas […]
No Deal
June 4, 2009 (LBO) – Sri Lanka’s Supreme Court said a 2003 privatization of Sri Lanka Insurance Corporation (SLIC) to listed Distilleries group was illegal and ordered the shares to be returned to the government and the purchase price refunded. Court also said Ernst & Young, the auditors of the firm should be removed. Court […]
‘s mobile subscriber base crosses 400 million
NEW DELHI, June 2, 2009 (AFP) – The number of mobile subscribers in India crossed the 400 million mark in April, official data showed Tuesday, putting the country on track to reach its goal of 500 million customers by next year.Some 11.90 million subscribers were added in April compared with 15.64 million during the previous […]
Fake Battle
June 01, 2009 (LBO) – Coats Thread Lanka (CTL) says it is battling counterfeiting of its brands by taking legal action against sellers of fakes and taking and has asked retailers to be careful when buying stock. “We have been vigilant and working with the law enforcement authorities to counter this threat by organizing periodic […]
Key Decisions
June 01, 2009 (LBO) – Sri Lanka’s Supreme Court has appointed a chief executive, an auctioneer and auditors to the collapsed Golden Key Credit Card Company to liquidate assets and pay back depositors, lawyers said. In another development, Supreme Court has asked Finance and Guarantee Company, a regulated firm, and two related unregulated real estate […]
Indian exports dive for seventh month
NEW DELHI, June 1, 2009 (AFP) – India’s exports of jewelry, garments and other goods slid 33 percent in April, shrinking for the seventh straight month, hit by a demand slump in major global markets, official data showed Monday. Exports slumped to 10.74 billion dollars in April from 16.08 billion dollars a year ago as […]