Category:
Preglacial landscape found deep under Greenland ice
WASHINGTON, April 18, 2014 (AFP) – US geologists said Thursday they have uncovered a preglacial tundra landscape preserved for 2.7 million years far below the Greenland ice sheet. They then sampled a rare form of the element beryllium, the beryllium-10 isotope formed by cosmic rays. The research, backed by National Science Foundation funding, found that […]
Sri Lanka President sends condolences to South Korea
Apr 18, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa has sent condolences to South Korea over a ferry disaster which has killed an unknown number of persons.In a message to his counterpart President Park Geun-hye, President conveyed profound condolence on behalf of the people and government of Sri Lanka to Korea and the affected […]
‘s Richard Pieris to sell Rs3.5bn in debt
Apr 17, 2014 (LBO) – Sri Lanka’s Richard Pieris Company Ltd, has been given the nod to sell 3. 5 billion rupees in debt, the Colombo Stock Exchange said. The firm will offer 30 million unsecured redeemable debentures of 100 rupees each with an option to sell a further 5 million in case the first […]
Sri Lanka rubber growers hit by plunging prices
Apr 17, 2014 (LBO) – Sri Lanka’s rubber growers are being hit by falling world prices with production volumes also dropping due to a drought within the country, an industry association said.Deputy Chairman Planters™ Association of Ceylon (PA) and CRTA Vice Chairman S. S. Poholiyadde said in a statement that rubber prices have halved over […]
Sri Lanka air passenger handling up 3.3-pct in 2013
Apr 17, 2014 (LBO) – Sri Lanka main international airport has handled 7.3 million passengers, including transit travellers, up 3.3 percent from a year earlier, while aircraft movements rose 5 percent to 50,802. During the year British Airways, Korean Airlines, Air Asia X and Turkish Airlines had started flying to to Sri Lanka from London, […]
‘s missing macaws
COLOMBO, April 16, 2014 (AFP) – Four macaws belonging to Sri Lankan President Mahinda Rajapakse have escaped his tightly-guarded official residence in Colombo, his office said Wednesday as it appealed for help to trace the colourful long-tailed birds. Macaws — a species of parrot — are not indigenous to Sri Lanka, but several pet stores […]
‘s elections
NEW DELHI, April 15, 2014 (AFP) – A war of words erupted among the “first family” of Indian politics on Tuesday as a new poll pointed to a sweeping election win for the Hindu nationalist opposition.Priyanka Gandhi, sister of Rahul Gandhi who is leading the ruling Congress party’s campaign, called the bitterly fought election contest […]
‘s missing macaws
COLOMBO, April 16, 2014 (AFP) – Four macaws belonging to Sri Lankan President Mahinda Rajapakse have escaped his tightly-guarded official residence in Colombo, his office said Wednesday as it appealed for help to trace the colourful long-tailed birds.Macaws — a species of parrot — are not indigenous to Sri Lanka, but several pet stores import […]
Fuel Sales
Apr 16, 2014 (LBO) – Losses at Sri Lanka’s state-run Ceylon Petroleum Corporation fell to 7.7 billion rupees in 2013 from 89.6 billion rupees a year earlier, but bank debt was still high, official data showed.The Central Bank in its annual report said other state enterprises owed the CPC 75.1 billion rupees and CPC in […]
Sri Lanka could have credit upgrade on lower budget deficit, external debt: Fitch
Apr 16, 2014 (LBO) – Sri Lanka’s sovereign credit could be upgraded on a steadily narrowing budget deficit and a lower external debt burden, which were weaker than similarly rated countries, Fitch Ratings has said. Among Fitch rated Asia Pacific sovereigns, Mongolia had a ‘B+’ rating with a negative outlook, Vietnam ‘B+/positive’, Philippines and Indonesia […]
Indian opposition alliance to win majority: poll
NEW DELHI, April 15, 2014 (AFP) – India’s Hindu nationalist opposition party and its allies are on course to win an overall parliamentary majority in the world’s biggest election currently underway, according to a new poll.Another potential partner, a Tamil Nadu-based party led by former actress Jayalalithaa Jayaram, is slated to get 22 seats. The […]
” Commonwealth
COLOMBO, April 15, 2014 (AFP) – Sri Lanka on Tuesday accused Canada of undermining the Commonwealth to score political points after it announced a suspension of funding while the island nation chairs the group.Colombo has denied the accusations, but the UN Human Rights Council passed a resolution in March to set up an investigation into […]