Category:
‘s frustrated migrant workers rise up
BEIJING, July 3, 2011 (AFP) – Migrant worker Yue Yaowei has lived in Beijing for six years but is not recognised as a resident of the Chinese capital — and so cannot get health insurance, buy a car or purchase a house. “I am under big pressure here,” Yue, 24, told AFP at a duck […]
” of treasure found in Indian temple
THIRUVANANTHAPURAM, July 2, 2011 (AFP) – A treasure trove of gold and silver jewelry, coins and precious stones said to be worth billions of dollars has been found in a Hindu temple in southern India, officials said on Saturday. A necklace found on Thursday was 18 feet (six metres) long. Thousands of gold coins have […]
Vodafone takes full control of Indian mobile group
NEW DELHI, July 2, 2011 (AFP) – British mobile phone giant Vodafone is taking full control of its Indian joint venture by buying out its local partner Essar Group, a statement said Saturday, ending a troubled relationship. Vodafone, which has sought to make India a crown jewel in its expanding emerging markets portfolio, said it […]
Sri Lanka state-run airport firm profits up 40-pct
July 02, 2011 (LBO) – State-run Airport and Aviation Services (Sri Lanka) Ltd, which has a monopoly airport operations in the island has reported a profit of 1.3 billion rupees for 2010, up 40 percent from a year earlier. AASL is also planning a 400 million dollar expansion of Katunayake, according to other reports. Revenues […]
Sri Lanka Pakistan talks to expand trade
July 02, 2011 (LBO) – Sri Lanka and Pakistan will begin talks Monday to expand trade and review the implementation of a free trade deal which was put in place to give more freedom for citizens of both countries to exchange goods with each other. Trade between the two countries was 346 million US dollars. […]
Bangladesh okay Pakistan security
LAHORE, July 2, 2011 (AFP) – Bangladeshi football chiefs said security arrangements for their game away at Pakistan in a World Cup qualifier on Sunday were “satisfactory”. “We have provided the best possible security for the visiting team, around their hotel and in the stadium, so we hope there will be no worries on that […]
Sri Lanka ready to give ton-up Jayawardene a break
LEEDS, July 2, 2011 (AFP) – Sri Lanka are contemplating resting Mahela Jayawardene from games in order to prolong the star batsman’s career. The only people who appeared to need Jayawardene to take a break at Headingley here on Friday were England’s bowlers as the 34-year-old marked his 343rd one-day international with a career-best 144. […]
Sri Lanka stocks close up 0.3-pct
July 01, 2011 (LBO) – Sri Lanka stocks closed higher Friday in somewhat dull trade with transactions in Browns, Distilleries and Swarnamahal Financial Services (SFS) bolstering turnover, brokers said. The main All Share Price Index closed at 6,844.71, up 0.27 percent (18.77 points) while the more liquid Milanka index rose 0.69 percent (43.41 points) to […]
Boat Deal
July 01, 2011 (LBO) – Sri Lanka based SOLAS Marine has won an order for 80 fast interception craft from the Indian Navy in a deal valued at 3,000 million rupees (67 million Us dollars), a media report said. The Times of India newspaper said the boats would be delivered over three years. FICs have […]
Sri Lanka to create compliance standard for Ceylon tea
July 01, 2011 (LBO) – Sri Lanka will launch a globally recognized industry standard for Ceylon Tea early next year addressing consumer concerns, including ethical trade and environmental issues, Ceylon Tea Traders Association Chairman Avi de Silva said. If a competitor country does not have any such laws, their firms will still be compliant with […]
Sri Lanka May tea export volumes, earnings up
July 01, 2011 (LBO) – Sri Lanka’s tea exports in May 2011 rose five percent to 25 million kilos from a year ago with earnings also up six percent to 12. 8 billion rupees, brokers said. Exports of tea packets, on which earnings are more than bulk exports. were also up after a change in […]
”’wealth bid
July 01, 2011 (LBO) – Sri Lanka hopes the Commonwealth Games Federation Evaluation Commission considering its bid to host the games would play a ‘clean game’ in making the selection. Namal Rajapaksa, a lawmaker from the ruling coalition representing the southern Hambantota district where a games city is to be built to host the event, […]