Category: Other
Legal Meet
Jan 23, 2009 (LBO) – Sri Lanka’s lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of information technology (ICT), its organizers said. Intellectual Property and Information Technology (IT), Legal issues arising out of outsourcing software development contracts, Telecommunication and legal implication on Mobile […]
Malaysian police on alert for Tamil Tiger leader: report
KUALA LUMPUR, January 22, 2009 (AFP) – Malaysia is on alert for Sri Lankan Tamil Tiger chief Velupillai Prabhakaran, saying he may have fled here after troops surrounded his last remaining stronghold, according to reports Thursday.Police chief Musa Hassan told the New Straits Times daily he had ordered a nationwide alert following reports that Prabhakaran, […]
Capacity Problem
Jan 22, 2009 (LBO) – Sri Lanka’s top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do its job effectively.Channa de Silva, director general, of the Securities and Exchange Commission, said the lack of staff at the watchdog body was one reason it could not […]
Cairn India gets nod for new Indian field
Jan 19, 2009 (LBO) – Cairn India, which has won a license to explore for oil off Sri Lanka’s west coast, said it got Indian government approval to go ahead with the development of an oil field in north-west India. The company said it holds material exploration and production positions in west India and east […]
Indian inflation falls for tenth straight week
NEW DELHI, January 15, 2009 (AFP) – India’s inflation fell for a tenth straight week, according to official data Thursday, creating more room to boost the nation’s slowing economy, economists said.Annual inflation stood at 5.24 percent for the week to January 3, down from 5.91 percent a week earlier, according to the Wholesale Price Index, […]
Sri Lanka tea prices maintain upward trend
Jan 14, 2009 (LBO) – Sri Lankan tea prices rose again at this week’s Colombo auction on strong demand with brokers saying the trend augurs well for producers who saw the market crash towards the end of last year. “The market continued strong for Low Grown varieties,” Asia Siyaka Commodities said in a report on […]
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India Inc in damage-control mode after billion-dollar fraud scandal
MUMBAI, January 11, 2009 (AFP) – A billion-dollar accounting scandal at one of India’s top outsourcing firms has left the government and financial regulators scrabbling to control the damage.Besides huge losses for investors, the scandal has seriously dented India Inc.‘s reputation for strong corporate governance, often viewed as being a notch above its other Asian […]
Sri Lanka tea prices revive at auction, crop shortfall seen
Jan 09, 2009 (LBO) – Sri Lankan tea prices revived at the first auction of the year this week with the industry saying a shortfall in the crop and the forthcoming ‘quality season’ should ensure better earnings in the first quarter.Anil Perera, head of the Private Tea Factory Owners Association, said the shortfall in crop […]
Sri Lankan coconut growers seen giving up cultivation
Jan 08, 2009 (LBO) – Sri Lankan coconut growers are giving up cultivation and selling estates for housing as prices of nuts have fallen too low to be remunerative, a left-wing parliamentarian representing cultivators said.“Coconut cultivators want a stable price that will cover their production costs,” said Namal Karunaratne, convenor of the Joint Organization of […]
Sri Lanka expects record tea crop despite year-end drop
Jan 08, 2009 (LBO) – Sri Lanka’s tea production and exports fell sharply in November 2008 but export earnings in the 11 months were ahead of the year before and a record annual crop is expected, brokers said.Tea production in November 2008 at 24.6 million kilos was the lowest since 1999 as producers cut output […]
Sri Lanka tea output to November 2008 ahead of year before
Jan 07, 2009 (LBO) – Sri Lanka’s tea production up to November last year was almost 300 million kilos, well ahead of the year before, according to statistics released by the Sri Lanka Tea Board. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The increase came mainly […]