Category: Other
No Bail
March 11, 2009 (LBO) – Sri Lanka’s Ceylinco group chairman Lalith Kotelawala remained in remand over fraud charges at an unlisted subsidiary that has collapsed with a court Wednesday also ordering a halt to any sale of the firm’s assets.The Ceylinco group has put on sale several of its subsidiaries and properties to raise funds […]
Sri Lanka aims to be South Asian shopper paradise
Mar 10, 2009 (LBO) – Sri Lanka’s biggest state bank has proposed a bold project to make the island a Dubai-style duty free shopping mecca for the billion-plus consumers on the Indian sub-continent. Gamini Wickramasinghe, chairman of Bank of Ceylon (BOC), said much revenue can be generated by enticing visitors from the region, exploiting the […]
No Kidding
Mar 09, 2009 (LBO) – One day a wealthy Englishman travels to Italy on business.While there he decides to buy a hand-crafted cupboard to furnish his new summer home in Spain.He visits an exclusive store in Rome, which sells furniture sourced from a small carpentry workshop in Morocco.This furniture is fabricated from wood imported from […]
” in cricket attack
SLAMABAD, March 7, 2009 (AFP) – Former Pakistan captain Imran Khan believes a “foreign element” could be involved in this week’s attack on the Sri Lankan cricket team, according to an interview published Saturday. “It could be India, Afghanistan, the Tamil Tigers,” Khan was quoted as saying in an interview published online by The Times […]
Sri Lanka tea prices rise as output falls
March 07, 2009 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auctions mainly because of a shortfall in crop as well as improved quality, brokers said.Prices are likely to remain strong if the present dry weather continues and curtails the crop, they said. About 50 invoices of high grown teas from regional […]
Maldives bans reef shark hunting
Mar 05, 2009 (LBO) – The Indian Ocean atoll nation of Maldives said it had banned shark hunting close to shore and a complete ban on shark products exports was on the cards to shore up depleting numbers. The Maldives attracts 600,000 tourists per year and the sector accounts for 28 percent of gross domestic […]
Sri Lanka tea exports fall sharply
March 5, 2009 (AFP) – Sri Lanka, one of the world’s biggest tea exporters, registered a 30 percent drop in overseas sales in January because of a decline in the crop, the Sri Lanka Tea Board said on Thursday. Growers have also curbed output at the request of the Tea Board to manage high production […]
Global warming could delay, weaken monsoons: study
CHICAGO, March 1, 2009 (AFP) – Global warming could delay the start of the summer monsoon by five to 15 days within the next century and significantly reduce rainfall in much of South Asia, a recent study has found.“These circulation changes decrease moisture flow over the land, and we see longer periods without rain, along […]
Ancient Kenya fossil footprints show modern feet
WASHINGTON, February 27, 2009 (AFP) – Anthropologists have uncovered ancient fossil footprints in Kenya dating back 1.5 million years, the oldest evidence yet that our ancestors walked like present-day humans, a study showed Thursday. The footprints were discovered in two sedimentary layers near Ileret in northern Kenya and revealed an essentially modern human-like foot anatomy. […]
UN braces for Sri Lankans fleeing conflict
GENEVA, February 27, 2009 (AFP) – The UN refugee agency said Friday it was preparing for the arrival of tens of thousands of displaced people fleeing the conflict zone in northern Sri Lanka over the coming weeks.The Office of the United Nations High Commissioner for Refugees (UNHCR) said it had received 300 acres of land […]
Sri Lankan tea prices maintain upward trend
Feb 26, 2009 (LBO) – Sri Lankan tea prices rose again at this week’s Colombo auction, where volumes were lower than usual and are likely to fall further, brokers said. The main buyers from Russia and the Middle East were active in the market. Prices of teas from the estates of listed regional plantations companies […]
Sri Lankan tea prices rise
Feb 23, 2009 (LBO) – Tea prices rose sharply at last week’s Colombo auction with crops on the decline and the quality season which attracts overseas buyers in full swing, brokers said.The brightest seasonal Nuwara Eliya BOP teas moved up sharply by 50 – 100 rupees per kilo. The market also moved up sharply for […]