Category: Other
Sri Lanka Q1 2006 tea exports up 6% on 2005
Apr. 26 (LBO) – Sri Lanka shipped 75.0 million kilos of tea in March, over 70.3 million kilos in 2005, a commodity brokering house said Wednesday.Revenues from tea exports for March topped 19.2 million rupees, over 21.2 million rupees, reported in 2005, Asia Siyaka Commodity Brokers said. Majority of the export earnings came from bulk tea, […]
Kenyan tea sector recovering from searing drought
NAIROBI, Apr.25 (AFP) – Kenya’s tea sector is rebounding from a searing drought, with production of the country’s largest export shooting up 72 percent between February and March, officials said Tuesday. However, export earnings continue to suffer and the Tea Board of Kenya (TBK) said the huge boost was unlikely to make up for a […]
Copper forges record 7,000 dollars per tonne
LONDON, Apr.25 (AFP) – The price of copper leapt to the highest-ever level here on Tuesday, spurred by massive investment and speculative demand.Three-month copper prices on the London Metal Exchange touched 7,040.00 dollars per tonne — the highest point since copper was first listed in its current format in 1870.The price of copper, used for […]
Eagle Eyes
Apr.04 (AFP) – Counter terrorism and anti-money laundering experts from South Asian nations began training with US experts in Colombo on Tuesday, the US embassy said.Some 40 South Asian regulators and lawmen from Pakistan, Bangladesh, Maldives and Sri Lanka were attending the study sessions organised by the US department of justice and the Federal Bureau […]
Surging rubber prices raising ‘alarm bells’: experts
KUALA LUMPUR, Apr. 24 (AFP) – Rising demand that has pushed prices for natural rubber to record highs is raising fears world supplies will run short, experts said Monday at an international summit in the Malaysian capital. Growing demand has seen prices rise steadily for over a year, hitting 2.0 dollars per kilogram (2.2 pounds) […]
Indian court rules domestic whisky not “Scotch”
NEW DELHI, Apr. 24 (AFP) – An Indian court has ordered domestic whisky makers not to use the words “Scot” or “Scotch” for their distilled brews as it would violate global copyright laws, a lawyer said Monday. These include 53,000 dollars to Cartier, 35,000 dollars to Time magazine and 280,000 dollars to Microsoft — all […]
Close Inspection
Apr. 24 (AFP) – Sri Lankan police arrested five Maldivian nationals sparking unconfirmed rumours that the suspects were linked to Al-Qaeda, police and media reports said Monday.The five — two women, two children and a man — were taken into custody at the request of the Maldives government and handed over to the Maldivian high […]
Red Light
Apr.24 (LBO) – The District Court Monday turned down a request by Malaysian based investor A P Jagaiah to postpone the NDB Bank’s annual general meeting. -LBO Newsdesk Jagaiah sought legal recourse after NDB Bank refused to register 9.36 percent or 5.2 million shares owned by him, the bank said in a statement. In a […]
Guilty
NEW YORK, Apr.24 (AFP) – The former top executive of Computer Associates, Sanjay Kumar, pleaded guilty Monday to participating in a 2.2 billion dollar accounting fraud and obstructing a subsequent investigation. The Sri Lankan-born Kumar, former chairman and chief executive of the software and computer security giant, entered the guilty plea together with the company’s […]
”: experts
KUALA LUMPUR, Apr. 24 (AFP) – Rising demand that has pushed prices for natural rubber to record highs is raising fears world supplies will run short, experts said Monday at an international summit in the Malaysian capital. Growing demand has seen prices rise steadily for over a year, hitting 2.0 dollars per kilogram (2.2 pounds) […]
Maldives fishermen bring police record hashish haul
COLOMBO, Apr. 23 (AFP) – Fishermen in the Indian Ocean tourist paradise of the Maldives gave police their biggest catch of illegal drugs after an accidental discovery of hashish in a lagoon, the Haveeru News Service reported Sunday.Lobster fishermen found the hasish packed in 1,697 plastic bags on the ocean bed, the news agency said, […]
E-sex bust
Apr.23 (LBO) – Sri Lanka’s immigration authorities have closed an internet-based commercial sex service run by foreign nationals, in the first such operation, officials said. The service run by persons of Ukrainian origin, and solicited clients via the website www.bananaescort.net, ended on April 12, after just two months of operations when sleuths from the Department […]