Category:
Sri Lanka stocks end up 0.2-pct
Aug 26, 2011 (LBO) – Sri Lanka’s main share index closed marginally higher Friday with some interest in a finance company and a motor firm and continued speculative trade in certain shares, brokers said. There was again speculative trade in Colombo Land & Development Company which ended at 63.60 rupees, down 50 cents with over […]
” resort
Aug 26, 2011 (LBO) – Sri Lanka’s HVA group, a branded tea exporter, is building a 200 million rupee ‘forest garden’ resort with eco-friendly chalets near a national park in the island’s northwest, an official said. The resort, with 15 eco-friendly chalets powered by solar panels will be built on 50 acres of privately owned […]
US envoy to press Sri Lanka over alleged war crimes
August 26, 2011 (AFP) – The United States is dispatching a top envoy to Colombo for talks next week ahead of a crucial UN meeting to discuss alleged war crimes in Sri Lanka, diplomats said on Friday. US Assistant Secretary of State Robert Blake will be visiting Sri Lanka for a second time in four […]
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August 26, 2011 (LBO) – Sri Lanka’s main opposition, which is bedeviled by a string of electoral defeats and an internal battle to oust its leader, says its door-to-door campaign is haunted by a phobia among voters about ‘grease devils’. ‘Grease devil’ is a colloquial term used to describe peeping toms and other mischief makers […]
Sri Lanka scraps emergency laws, US cheers
August 25, 2011 (AFP) – Sri Lanka’s president announced on Thursday that he was scrapping draconian emergency laws imposed nearly 30 years ago to deal with the armed Tamil separatist movement. The move, which was welcomed by the United States, comes as Sri Lanka faces growing pressure — led by Washington — over its human […]
Sri Lanka stocks end up 0.4-pct
Aug 25, 2011 (LBO) – Sri Lankan share prices closed higher Thursday as some buying interest returned after four days of losses, brokers said. The main All Share Price Index closed at 6,839.20, up 0.39 percent (26.49 points) while the more liquid Milanka index rose 0.51 percent (31.72 points) to close at 6,225.03, according to […]
Supply Vessels
Aug 25, 2011 (LBO) – Sri Lanka’s Colombo Dockyard has won a deal from a Singapore-based owner to build four 78-metre Multipurpose Platform Supply Vessels (MPSVs) each with a 3,600 tonne deadweight capacity. “The latest additions to the Colombo Dockyard’s shipbuilding order book will take the shipyard through the years 2012, 2013 and 2014 with […]
Cost Account
Aug 25, 2011 (LBO) – Sri Lanka’s Hambantota port needs extra loans of 147.9 million dollars to cover equipment including cranes, cost escalations in building the port, and digging the basin and entrance channel, the island’s state-run ports agency said. Responding to media reports and critics, Sri Lanka Ports Authority said the port in the […]
Rocky Tale
Aug 25, 2011 (LBO) – Bunkering at Hambantota port in Sri Lanka’s South is to start next month after spending 40 million dollars to demolish a rock blocking the entrance, a media report said. “This rock was identified before we started the port construction,” Sri Lanka Ports Authority Chairman Priyath Wickrama was quoted as saying […]
Sri Lankan tourism goes wild in September
Aug 25, 2011 (LBO) – Sri Lanka tourism sector would promote and showcase its wildlife assets in September to attract nature loving tourists with the largest gathering of Asian elephants also taking place during the month. Sri Lanka is only 140 miles across. These include the elephant, sloth bear, leopard and several species of whales […]
‘s record
Aug 25, 2011 (LBO) – Although Sri Lanka’s tea crops have fallen in recent months, the island is likely to match last year’s record production with output seen reviving later in the year, a broker said. “Despite a downturn in production in the month of July, tea production is on course to achieve last years […]
Another Step
Aug 25, 2011 (LBO) – Sri Lanka will end nearly three decades of emergency rule, President Mahinda Rajapaksa told the island’s parliament, which has to renew the law every month to give extensive arrest and detention powers to authorities over citizens. President Mahinda Rajapaksa in a special address to parliament said lawmakers would not have […]