Category:
‘s Colombo Land says wraps up purchase
Dec 18, 2012 (LBO) – Sri Lanka’s listed Colombo Land and Development Company Plc has wrapped up a deal to buy an adjacent property, which it had earlier said cost 221 million rupees, and a hotel project has been delayed. The firm owns Sri Lanka’s Liberty Plaza shopping mall in the up market Kollupitiya suburb […]
Sri Lanka food exporters urged to register with FDA
Dec 18, 2012 (LBO) – Sri Lanka’s food exporters to the US should renew their registrations with the Food and Drug Administration quickly to avoid prohibition, the island’s embassy in Washington said. The embassy said under a food safety law (Food Safety Modernization Act) foreign firms also have to designate a US agent to communicate […]
Sri Lanka appoints honorary consul for Cape Town
Dec 18, 2012 (LBO) – Jonathan Jacobs, a businessman and chairman of International Trade and Tourism of the Cape Town Chamber of Commerce, has been appointed Honorary Consul covering the Western Cape Province of South Africa. Sri Lanka’s foreign ministry said he will assist the Sri Lankan High Commission in Pretoria. The foreign ministry said […]
Sri Lanka credit to business up in Oct
Dec 17, 2012 (LBO) – Sri Lanka’s credit to private businesses rose 29.5 billion rupees to 2,324.4 billion rupees in October 2012 from a month earlier as loans to state enterprises fell by 17. 3 billion rupees to 254.6 billion rupees, official data shows. Dollar credit to private business, which fell from the equivalent of […]
Official Menu
Dec 16, 2012 (AFP) – Sri Lanka on Sunday unveiled new guidelines encouraging devotees to donate low-sugar, healthier food to the country’s Buddhist monks after warnings that half of them risk developing diabetes. Sri Lanka’s monks eat food containing on average 12 teaspoons of sugar a day, but it should be reduced to a maximum […]
Tele Chief
Dec 17, 2012 (LBO) – Hutchison Asia Telecommunications Ltd, Hongkong has appointed Thirukumar Nadarasa a veteran in the group, as chief executive of Hutch Sri Lanka with immediate effect. He headed Sri Lanka’s operations from 2002 to 2007 when the network converted to the GSM standard and then moved to Vietnam. “I am pleased to […]
Sri Lanka and Mongolia forex debt ratios high: Fitch Report
Dec 17, 2012 (LBO) – Foreign currency denominated debt is expected to fall as a ratio of current receipts in except for Sri Lanka and Mongolia, where it will remain high, Fitch Ratings said in a report which tracked 12 emerging Asian nations. If the central bank then sterilizes the forex interventions with fresh money […]
Sri Lanka in an emerging world order: lecture by Razeen Sally
Dec 17, 2012 (LBO) – Razeen Sally, association visiting professor of Lee Kuan Yew School of Public Policy will speak in Colombo on December 20, Sri Lanka’s Lakshman Kadirgamar Institute for International Relations and Strategic Studies said. He will speak on the ‘Emerging World Order and Sri Lanka’s Role, at the Kadirgamar Institute at Horton […]
Australia to boost Sri Lanka ties to stop boatpeople
SYDNEY, Dec 17, 2012 (AFP) – Australia announced Monday plans to boost intelligence sharing with Sri Lanka to try to halt a wave of boatpeople that has seen thousands arrive illegally on its shores this year. Foreign Minister Bob Carr, who is in Colombo for a three-day visit, said he would discuss the idea during […]
” after reaching $4,000 per capita income: Central Banker
Dec 17, 2012 (LBO) – Sri Lanka should be careful to have suitable policies to allow economic growth to take off after reaching a target of 4,000 US dollar per person income in 2016, a senior central banker has said. Assistant Governor C P J Siriwardene told a forum of bankers that Sri Lanka was […]
Fair Trial
Dec 16, 2012 (LBO) – An association representing Sri Lanka’s judicial officers have called for an independent tribunal to probe impeachment charges against chief justice Shirani Bandaranayake to ensure a fair trial. The chief justice walked out of the proceedings saying she was insulted by members of a ruling party dominated parliamentary select committee (PSC) […]
Lawyer Resolution
Dec 16, 2012 (LBO) – Sri Lanka’s main lawyers association has asked President Mahinda Rajapaksa to reconsider an impeachment against the Chief Justice or ensure that a fair trial complying to rules of natural justice is followed. The Bar Association of Sri Lanka had adopted the resolution amid protests from those backing the administration with […]