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Sri Lanka has space to increase tuna catch: IOTC chief
Mar 21, 2011 (LBO) – Sri Lanka can increase its catch but within the framework of the Indian Ocean Tuna Commission (IOTC) in which competing interests will have to make trade-offs, the head of the regional fisheries body said. Rondolph Payet, chairman of IOTC, said a proposal by the Seychelles on tuna quotas at the […]
Tea Help
Mar 21, 2011 (LBO) – Sri Lanka’s tea exporters have given three million tea bags to the people hit by a tsunami and earthquake in Japan. Chairman of Sri Lanka’s tea exporter’s association Jayantha Keragala had handed over the tea to President Mahinda Rajapaksa to be sent to Japan, a statement from the president’s office […]
Sri Lanka A320 flight simulator targets regional business
Mar 21, 2011 (LBO) – State-run SriLankan Airlines said had teamed up with Nederland-based SIM Industries to offer flight simulator services on Airbus A320 aircraft to the growing Indian subcontinent market. “The A320 family of aircraft is favoured for mid-range routes among airlines worldwide, including those in the rapidly growing airline industry of the Indian […]
‘s access to electricity
Mar 21, 2011 (LBO) – Sri Lanka has been included in programme to promote greater access to clean energy for poor rural women in South Asia funded by the Asian Development Bank (ADB) and the government of Japan. “This project will support the mainstreaming of gender-related concerns and approaches in a sector which has largely […]
Sri Lanka CPC to end cut-priced fuel to power utility
Mar 21, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation will end the sale of subsidized fuel to Ceylon Electricity Board (CEB), a state power utility, a report said, amid a controversy over the financial performance of the two entities. The usual excuse has been that they are doing a ‘service’. Meanwhile state energy […]
India set up World Cup thriller with Aussies
NEW DELHI, March 20, 2011 (AFP) – India will play defending champions Australia in a mouthwatering World Cup quarter-final clash after the hosts battled back to beat the West Indies comfortably on Sunday. India scored 268 thanks largely to a century by in-form Yuvraj Singh but lost their last six wickets for just 36 runs, […]
Australia to scale down riot-hit immigration camp
SYDNEY, March 21, 2011 (AFP) – Australia said Monday it would reduce the number of asylum seekers at an overcrowded detention centre on Christmas Island but would not abandon the camp which has endured days of riots and escapes. But Bowen said whatever their frustrations, violence was unacceptable. Immigration Minister Chris Bowen said the government […]
Quake, tsunami could cost Japan $235 billion: World Bank
SINGAPORE, March 21, 2011 (AFP) – The massive quake and tsunami of March 11 could cost Japan’s economy up to $235 billion, or 4.0 percent of output, but reconstruction will spur recovery later this year, the World Bank said Monday. “If history is any guide, real GDP growth will be negatively affected through mid-2011,” the […]
Sri Lanka coal plant to cut oil imports
Mar 21, 2011 (LBO) – The commissioning of a coal power plant this week can reduce oil imports to Sri Lanka while also helping strengthen the finances of Ceylon Electricity Board, the state power utility. “That will reduce total oil bill,” Cabraal said. Oil is an important intermediate good for economic activity, fueling both transport […]
Gambling Trend
DANANG, March 20, 2011 (AFP) – The gambler leans back comfortably in his chair at a card table inside Vietnam’s new Crown casino, waiting for his female companion to fetch more cash. At Asia’s casinos, the money just keeps on coming. Analysts say the region’s increasing wealth is funding a gambling boom that saw Macau […]
Yuvraj hits ton but India fail to capitalise
CHENNAI, March 20, 2011 (AFP) – Yuvraj Singh’s maiden World Cup century was the cornerstone of India’s 268 all out against the West Indies on Sunday but the host nation lost their last six wickets for just 36 runs. Fast bowler Ravi Rampaul marked his World Cup debut with a career-best five for 51 which […]
Pakistan end Australia record run, Bangladesh crash
NEW DELHI, March 19, 2011 (AFP) – Pakistan ended defending champions Australia’s 34-match unbeaten World Cup run on Saturday while hapless Bangladesh crashed out in a humiliating rout at the hands of South Africa. On the day that India, England and, barring a mathematical miracle, West Indies completed the quarter-final line-up, Pakistan beat Australia by […]