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Sri Lanka mulls safety rules on fishermen as monsoon kills 54
June 11, 2013 (AFP) – The death toll in Sri Lanka from strong monsoon winds and heavy rains rose to 54, as the government announced on Tuesday new safety requirements for small fishing boats.The minister said small boats which usually go out to sea at night and return at dawn were not regulated and did […]
Big Brother
WASHINGTON, June 12, 2013 (AFP) – A fierce debate about Internet privacy and the limits of US executive power erupted on Tuesday, in a victory for the young intelligence technician at the center of a global leak storm. While Democratic Senator Dianne Feinstein, the head of the Senate intelligence committee, branded the leak an “act […]
‘s Cinnamon Air to fly from end June
June 12, 2013 (LBO) – Sri Lanka’s Cinnamon Air, a domestic carrier operating Cessna 208 amphibians said will begin scheduled flight to the South of the island and Kandy in the central hills from the end of June. Daily flights to Koggala and Dickwelle will be from Dandugama Oya waterdrome which is 10 minutes away […]
Sri Lanka power generation positive in March
June 12, 2013 (LBO) – Sri Lanka’s power generation rose 02 percent in March 2013 to 1,057 GigaWatt hours (millions of units) from a year earlier, recovering from a slump in February official data showed.In February 2013 power generation fell 1.4 percent to 913 GWh from a year earlier. In February 2012, Sri Lanka raised […]
Sri Lanka, finance, beer bonds oversubscribed
June 11, 2013 (LBO) – An offer to sell 5.0 billion rupees worth bonds in Lion Brewery (Ceylon) Plc and Central Finance has been oversubscribed on opening Tuesday, registrars to the sales said. High net worth investors and banks have been piling into the listed debentures, which have been made tax free. Small investors have […]
Sri Lanka rupee weakens below 127 to dollar
June 11, 2013 (LBO) – Sri Lanka’s rupee weakened below 127 to the US dollar in the spot market in mid morning trade Tuesday, amid excess liquidity, dealers said.Sri Lanka has a loose peg with the US dollar and has tended to intervene when the exchange rate weakens below 127.00. Many Asian currencies which operate […]
Sri Lanka stocks close down 0.5-pct
June 11, 2013 (LBO) – Sri Lanka’s stocks closed down 0.59 percent on Tuesday, following a sudden rise in the market the day earlier. The market was down due to investors taking profit and losses in the heavy index stocks CTC, LLUB and SLT, brokers said. Softlogic Holding closed at 10.90 rupees down 10 cents […]
Sri Lankan applicants on fast track for UK visa
June 11, 2013 (LBO) – Applicants from Sri Lanka who had recently travelled to some North American, European and Pacific countries could apply for a fast track visa, the UK High Commission (embassy) in Colombo said. From June 24, Sri Lankans who had travelled “without difficulty” to the USA, Canada, UK, Australia, New Zealand or […]
Education Direction
June 11, 2013 (LBO) – Sri Lanka’s state education system is in the process of changing its structure from an exam centric one to a more interactive learning system, the island’s education minister said.“There should be a structural change in the education system to help with the employment requirements of the country,” minister Bandula Gunawardena […]
Big Brother
HONG KONG, June 11, 2013 (AFP) – Whistleblower Edward Snowden was acclaimed Tuesday by WikiLeaks founder Julian Assange as a “hero” defending personal liberty, but US lawmakers clamoured for the NSA contractor’s immediate expulsion from his Hong Kong hideout to face justice at home.Snowden, a 29-year-old technology expert working for a private firm subcontracted to […]
Sri Lanka canned fish factory explored by Thai firm
June 11, 2013 (LBO) – Thai Union Manufacturing Company is planning a fish canning factory in Sri Lanka and a team is expected to arrive later this month to conduct a feasibility study an official said.“Sri Lanka is importing large amount of canned fish right now,” National Aquatic Resource Agency chairman S G Samarasundara said. […]
Sri Lanka export agency under Nestlé executive
June 11, 2013 (LBO) – A senior executive of Nestlé, a Swiss-based food group company has been appointed chairman of Sri Lanka’s state export promotion agency, the ministry of commerce said.Bandula Egodage, vice president, corporate affairs at Nestlé Lanka Plc has was formally made chairman at a ceremony at Export Development Board’s office in Colombo […]