Category: Other
Sri Lanka investors wooed by Maldives
Jan 04, 2009 (LBO) – The new government in the Maldives, in move to privatize the economy, is looking at selling state-owned businesses and becoming more investor friendly, the Maldivian leader said on a visit to Colombo. We come here to open the country for business. We are looking at an ambitious decentralization program. We […]
Japan registers small tsunami waves after Indonesia quakes
TOKYO, January 4, 2009 (AFP) – Japan’s Pacific coast was lapped by minor tsunami waves Sunday after a string of powerful earthquakes off Indonesia, the country’s meteorological agency said.Waves up to 40 centimetres (1.3 feet) reached the Pacific coasts of islands from the Okinawan chain to the main island of Honshu, the agency said. The […]
Coral decline warns of ocean changes: Australian scientists
SYDNEY, January 2, 2009 (AFP) – A sharp slowdown in coral growth on Australia’s Great Barrier Reef since 1990 is a warning sign that precipitous changes in the world’s oceans may be imminent, scientists said Friday. Rising sea temperatures are blamed on global warming caused by the build-up in the atmosphere of greenhouse gases such […]
Sri Lanka tea industry hopes for better prices in January
Dec 30, 2008 (LBO) – Sri Lanka’s tea market is expected to recover somewhat early next year with a long break in the Colombo auctions and production shortfalls in other origins keeping demand buoyant, officials said. The slowdown in tea exports from African origins is also expected to keep demand buoyant. Tea output in Kenya, […]
Ex-PM Sheikh Hasina wins Bangladesh poll: officia
DHAKA, December 30, 2008 (AFP) – Former Bangladeshi premier Sheikh Hasina Wajed has won a landslide victory in general elections, with her party picking up more than 75 percent of seats, an Election Commission official said Tuesday.Commission spokesman S.M. Asaduzzaman told AFP that votes in 295 of the 299 seats had been counted, and Sheikh […]
Tensions mount as Pakistan shifts troops to Indian border
ISLAMABAD, December 27, 2008 (AFP) – Pakistan has redeployed thousands of troops to the border with India, officials said Friday, in a dramatic escalation of tensions with New Delhi in the wake of the Mumbai attacks.Washington urged the two sides to avoid escalating tensions and said it was touch with both countries. Indian Prime Minister […]
Hope and disappointment four years on from Asian tsunami
LAM TUTUI, December 25, 2008 (AFP) – When the deadly waters of the Asian tsunami smashed into this fishing village in Indonesia’s Aceh province four years ago, not one house was left standing.Now there are too many of them. Recovery has been uneven in the dozen countries hit by the 2004 Indian Ocean disaster, which […]
Sri Lanka desiccated coconut exporters say facing closure with duty hike
Dec 18, 2008 (LBO) – Sri Lankan exporters of desiccated coconut said a recent government hike in edible oil import duty could put them out of business as prices of raw nuts will remain high, making their exports uncompetitive. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Sri Lanka to import rice despite bumper harvest
Dec 18, 2008 (LBO) – The Sri Lankan government says it wants a large stock of imported rice to boost stocks, days after the country’s statistics office announced a bumper harvest for the most recent growing season. At that time the ministry of consumer affairs allowed the import of 8,000 tons of rice from Burma […]
Sri Lanka tea farmers say harvests halved
Dec 17, 2008 (LBO) – Sri Lankan tea growers said their harvests had halved with the collapse in prices at the Colombo auctions, affecting the livelihoods of thousands of small farmers and the local economy. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Chandrasena Wijesinghe, convenor of […]
Oil Deal
Dec 15, 2008 (LBO) – Sri Lanka’s Supreme Court barred a senior official from a state-run petroleum retailer over a case involving derivative deals and said the country’s central bank has to probe and solve the case. Supreme Court asked the central bank to file a preliminary probe report brought to court Monday, with the […]
India denies violating Pakistani airspace
NEW DELHI, December 14, 2008 (AFP) – India on Sunday denied any of its aircraft had intruded into Pakistani air space, as tensions ran high between the nuclear-armed South Asian neighbours over the Mumbai attacks.Pakistan’s air force said Indian jets flew over the Pakistani-administered part of Kashmir and the eastern city of Lahore, both places […]