Category:
‘s ground water fees
Oct 22, 2012 (LBO) – Protests are starting against the announcement that everyone pulling ground water will have to obtain a license. The sad thing is that there are no public-interest or environmental groups speaking up for the critically important ground-water layer that regulating ground water will help conserve. It is not that evidence is […]
Sri Lanka parliament has little control over finances: legislator
Oct 22, 2012 (LBO) – Sri Lanka’s parliament has no real control over public finances with the arm of the government not even having a budget committee, though the country’s constitution says otherwise, a legislator said. But in countries where liberal thought is not valued, and where nationalism and interventionism prevails, parliamentary sovereignty can lead […]
‘s roots
PARIS, Oct 20, 2012 (AFP) – It can be green, black, white or red and, after water, is the most widely consumed drink on the planet. Like a wine sommelier, she speaks of “the spirit of tea”, its tastes, its odours — up to 600 in a single tea. She conducts a meticulous ritual to […]
Sri Lanka can up exports by moving to complex products: economist
Oct 20, 2012 (LBO) – Sri Lanka can increase exports and incomes by creating conditions to allow producers to move in to more complex products based on knowledge and research, a top economist said. By moving to complex products through innovation, a country could stop worrying about competition from Bangladesh or Vietnam, he said. Sri […]
Sri Lanka hotel under Hyatt Regency brand to open in 2014
Oct 19, 2012 (LBO) – Hyatt Hotels Corporation said it had inked a deal to manage a 42-floor hotel in Sri Lanka’s capital Colombo under which will have 474 rooms and 84 serviced apartments, which will open in 2014. Sri Lanka has seen a tourism boom with the end of a 30-year civil war in […]
‘s Asia Siyake Commodities in rubber broking
Oct 19, 2012 (LBO) – Sri Lanka’s Asia Siyake Commodities, a tea broking firm is buying rubber brokerage connected to some of its directors for 7. 1 million rupees, the firm said in a stock exchange filing. Siyake Produce Brokers (Private) Ltd, has a license issued by Sri Lanka’s Rubber Control Department the statement said. […]
Sri Lanka ban on Corex cough remedy temporary: health minister
Oct 19, 2012 (LBO) – A sudden ban on the sale of Corex, a cough syrup originally formulated by the US pharmaceutical firm Pfizer which has brought relief to tens of thousands of sufferers, is temporary, Sri Lanka’s health minister said. The sale of Corex branded medicine variants were banned following the deaths of several […]
‘s TATA
Oct 19, 2012 (LBO) – Sri Lanka’s Urban Development Agency will give land on a 99-year lease to India’s Tata Housing Development Company Ltd as part of efforts to re-develop the island’s capital, minister Keheliya Rambukwelle said. The cabinet of ministers had approved the proposal to give around eight acres of land in Colombo’s Slave […]
Sri Lanka stocks closed up 0.70 pct
October 18, 2012 (LBO) – Sri Lanka stocks closed up 0.70 percent Thursday with several blue chips making marginal gains. The Colombo All Share Index closed at 5,625.32 up 38.92 points and the S & P SL 20 Index closed 11.67 points higher at 3,029.00 up 0.39 percent. Turnover was 621 million rupees. JKH led […]
Loss Leaders
Oct 18, 2012 (LBO) – Sri Lanka’s state railway system had lost 28.2 billion rupees over the past seven years and 2,689 employees had been hired into the permanent cadre, data tabled in Sri Lanka’s parliament showed. Minister Rohana Dissanaya was responding to questions from legislator Dayasiri Jayasekera had said that Sri Lanka railways had […]
Sri Lanka Tamil Tiger leader in charity work
COLOMBO, Oct 17, 2012 (AFP) – The last leader of Sri Lanka’s Tamil Tigers, who is wanted by India over the assassination of former premier Rajiv Gandhi, has been freed from military custody, the defence ministry said Wednesday. Selvarasa Pathmanathan, who was arrested in August 2009, was no longer in detention and was free to […]
Sri Lanka war refugee re-settlement backed by the US
Oct 18, 2012 (LBO) – The United States has given 3. 0 million US dollars to three organizations to help re-settle war refugees with sufficient shelter, access to water and sanitation, the US embassy in Colombo said. The money will be used in Mullaitivu and Killinochchi districts in Sri Lanka’s north, by three charities; ZOA […]