Category: Other
Excessive rain curbs Sri Lankan tea production
Mar. 02 (LBO) – Sri Lanka’s tea production for January dipped to 24.7 million kilos from 26.0 million kilos a year earlier due to excessive rain, a commodity broker said Thursday. January production shows a slight increase over December figure of 23.3 million kilos, but Sri Lanka’s crop has been on the downward slope since October […]
Sri Lanka sets a record for January tea exports
Feb. 23 (LBO) – Sri Lanka shipped 24.8 million kilos of tea in January, the highest ever in a single month, a commodity brokering house said Thursday.The previous highest record was 24.6 million kilos of tea sold in January 2004, Asia Siyaka Commodity Brokers said.Revenues from tea exports for January was also the highest ever so […]
Killer Kindness
Feb 18, (LBO) – Due ignorance about basic economics, the poor in South Asia are seeing economy-wide price rises, and resources that could be used to lift them out of poverty in the long term being squandered on consumption subsidies. In 2005 for example, the Sri Lanka’s largest petroleum utility, the Ceylon Petroleum Corporation is […]
Warning Message
Jan 14 (LBO) – The United Nations on Tuesday called on the Sri Lankan government and Tamil rebels to keep protection of children in mind at upcoming peace talks in Geneva. Of particular importance remains the unresolved situation of child recruitment, which led UNICEF to yet again appeal to Liberation Tigers of Tamil Eelam (LTTE) […]
Union Call
Feb 09 (LBO) – Sri Lanka’s key banking sector union is appealing to President Mahinda Rajapakse to intervene in the Commercial Bank of Ceylon takeover attempt and re-introduce pensions to state banks. The powerful Ceylon Bank Employees Union (CBEU) has asked the president to make an order in his capacity as finance minister, to force […]
Tightening Laws
Feb 08 (LBO) – Sri Lanka, noted as hot bed for human trafficking, is now tinkering with its penal code to strengthen laws against the illegal trade. The amendments to the penal code are expected to facilitate prosecution of traffickers and to protect their victims. Sri Lankan authorities however are still unaware of the extent […]
No Cover
Jan 25 (LBO)- The Asian Human Rights Commission (AHRC) urges Sri Lanka to take a leaf out of Indian Supreme Court ruling and bring Constitutional violations to book.Jan 25 (LBO)- The Asian Human Rights Commission (AHRC) urges Sri Lanka to take a leaf out of Indian Supreme Court ruling and bring Constitutional violations to book. […]
Legal Indian
Jan 26 (LBO) – Sri Lanka will repeal an ancient law governing Indian immigrant labour while also changing laws dealing with industrial disputes, the government said Thursday. Jan 26 (LBO) – Sri Lanka will repeal an ancient law governing Indian immigrant labour while also changing laws dealing with industrial disputes, the government said Thursday. “A […]
Extra Eyes
Chief Financial Officers or CFOs are in the dog house after the spectacular collapse of large US and European corporations in recent years.CFO�s have been hauled before courts to face criminal charges for falsifying financial statement. Jeremy Hope, a financial expert who addressed CIMA members in Colombo said CFO�s are seen as the last line […]
The British cuppa becomes an official icon
LONDON, Jan 9 (AFP) – The cup of tea, that staple of everyday English life for centuries, officially became a national icon Monday as the British government launched a new project to celebrate the country’s cultural heritage.The humble “cuppa” was named as one of 12 symbols that best represents England in an online initiative spearheaded […]
Weekend Disruption
Jan 13 (LBO) – Sri Lanka’s supplies of oil, wheat and cement from the Northern town of Trincomalee has been disrupted since Thursday, following a protest campaign, police said Friday.Jan 13 (LBO) – Sri Lanka’s supplies of oil, wheat and cement from the Northern town of Trincomalee has been disrupted since Thursday, following a protest […]
Sri Lanka and India unite over pesticide limits
Tea producing neighbours India and Sri Lanka will join forces to lobby for a common standard for minimum pesticide residual levels in black tea. Tea producing countries are also calling for a change in the way the tea is tested, accounting for the fact that black tea is drunk rather than chewed and eaten. Existing […]