Category:
Sri Lanka to cancel deals of promoters who delay in Eastern resorts
June 29, 2011 (LBO) – Sri Lanka may cancel deals of four investors who were given state land to build hotels in Pasikudah in the Eastern coast of the island, deputy economic development minister Lakshman Yapa Abeywardene said. He said four parties who got land had not used the land so far. “If they do […]
” is chomping up US orchards
WASHINGTON, June 29, 2011 (AFP) – A stink bug from Asia is chomping up US vegetable fields, orchards and vineyards, causing experts to scramble through an arsenal of weapons to try and halt this stealthy, smelly predator. Pesticides, parasites and traps have all been tried but none have succeeded in killing off the brown marmorated […]
Sri Lanka reservoir flood move may end elephant gathering: hoteliers
June 29, 2011 (LBO) – A plan by authorities to flood an ancient reservoir in Sri Lanka during the dry season may disrupt a centuries old migration of wild elephants who congregate in what is possibly the largest such gathering in the world, a leisure group has warned. Around August each year elephants running into […]
” in stock exchange
DHAKA, June 29, 2011 (AFP) – Bangladesh will allow billions of dollars of untaxed money to be invested in shares under a new tax amnesty designed to prop up the volatile Dhaka Stock Exchange, an official said Wednesday. The new legislation, which was approved by parliament late Tuesday, offers an amnesty on so-called “black money” […]
Anderson sparkles, as Jayasuriya bows out tamely
LONDON, June 28, 2011 (AFP) – James Anderson inspired England to a 110-run win over Sri Lanka in the first one-day international here at The Oval on Tuesday. The Lancastrian took 4-18 as Sri Lanka slumped to 121 all out chasing a revised target of 232 in a rain-shortened match. England made 229 in their […]
Sri Lankan public officials get Japanese scholarships
June 29, 2011 (LBO) – Talented young Sri Lankan public officials are to be sent to Japan for two-year Masters Degrees under Japanese government scholarships, an embassy statement said. So far over 11,000 Sri Lankan trainees have completed short and long-term training in Japan and in third countries through Japan’s assistance. Japan has given 208 […]
Sri Lanka stocks down 0.46-pct
June 28, 2011 (LBO) – Sri Lankan stocks closed 0. 46 percent lower Tuesday amid profit-taking by Environmental Resources Investment (ERI) investors and month-end clearing of debtor’s positions, brokers said. Notable crossings (off-market negotiated deals) were 454,100 shares of Distilleries at 180 rupees each, 199,300 shares of Central Finance at 1400 rupees and 200,000 Aitken […]
Off Line
June 28, 2011 (LBO) – Sri Lanka’s logistics industry has warned that lengthy delays in automating cargo clearing procedures were eroding the island’s competitiveness as it seeks to position itself as a cargo hub. “It now takes too much time and money to get things done. We must look at ways and means of improving […]
Watch List
WASHINGTON, June 28, 2011 (AFP) – The United States on Monday removed the Philippines and Singapore from a human trafficking watchlist that had drawn concerns from the close allies, but it reported record abuses around the world. The State Department’s annual Trafficking in Persons Report has become increasingly sensitive for Southeast Asian governments, which face […]
Sri Lanka air taxi on honeymoon flight
June 28, 2011 (LBO) – SriLankan Air Taxi, a floatplane service operated by Sri Lanka’s state-run national carrier has carried its first honeymoon couple to a hotel in the South of the island. “It was a fantastic ride and we both enjoyed the breathtaking scenery on a clear sunny day and above all being up […]
Sri Lanka airline catering unit listing shelved
June 28, 2011 (LBO) – A plan to take public SriLankan Catering, a wholly owned unit of Sri Lanka’s state-run national carrier has been shelved amid a flood of private sector initial offers, Treasury secretary P B Jayasundera said. Several Sri Lankan private sector firms have raised money from capital markets in recent weeks. “Now […]
Sri Lanka apparel firm to trade from June 29
June 28, 2011 (LBO) – Orient Garments, Sri Lanka’s firm apparel manufacture to be listed on the Colombo Stock Exchange will be offered for trading from June 29, at an introductory price of 23 rupees. Orient Garments had posted revenues of 2. 8 billion rupees in the year to March 2011 with profits of 125. […]