Category:
Sri Lanka may temporarily allow maize imports
Mar 11, 2010 (LBO) – Sri Lanka may temporarily lift a 35 percent import tax on maize to prevent prices going higher and hurting the island’s poultry industry after floods destroyed a part of the domestic crop, an official said. Sri Lanka’s agriculture ministry has requested approval from the cabinet of ministers to cut taxes […]
Sri Lanka tea crops recover
Mar 11, 2011 (LBO) – Tea harvests from Sri Lanka’s main plantations areas have improved following a slump caused by bad weather which affected the first quarter ‘Western quality season’, brokers said. Unseasonal heavy rains had affected tea harvests especially on the western slopes of the island’s central hills which usually produce quality teas in […]
Affordable Access
Mar 11, 2011 (LBO) – Sri Lanka will seek to negotiate with international software vendors to try to bring down prices by up to half in its drive to promote information and communication technology business, a report said. Sri Lanka has recently been cracking down on software piracy after being ranked the second worst offender […]
Sri Lanka in talks for a 30MW municipal waste plant
Mar 11, 2011 (LBO) – Sri Lanka’s state -run Ceylon Electricity Board is in talks with a private developer to buy power from a 30MegaWatt municipal waste burning plant, a government minister said. Minister Ranawaka said there are about proposals to start 15 waste-burning plants. Sri Lanka’s power regulator’s latest tariffs offer 22. 02 rupees […]
Sri Lanka seal World Cup quarters berth
NEW DELHI, March 10, 2011 (AFP) – Sri Lanka became the first team to qualify for the World Cup quarter-finals on Thursday after an emphatic victory over Zimbabwe that virtually ensures last eight spots for New Zealand and Pakistan. The joint hosts now have seven points from five games in Group A, one clear of […]
Sri Lanka information desk for Japan tsunami
Mar 11, 2011 (LBO) – Sri Lanka’s Ministry of External Affairs said it has set up an information desk to help nationals seek news of relations in Japan in the aftermath of the earthquake and tsunami there. It said in a statement those who cannot get information about their next of kin in Japan following […]
Sri Lanka receive Japanese grant for community development
Mar 11, 2011 (LBO) – The Japanese government handed over an 18 million rupee grant to two community development organizations for development projects in Sri Lanka’s Ratnapura and Trincomalee districts. The Association of Social Activities Development Sri Lanka (ASAD) was the recipient of a 10 million rupee grant for a conflict affected community development project […]
Sri Lanka stocks close 0.5-pct higher
Mar 10, 2011(LBO) – Sri Lankan stocks rose 0. 55 percent Thursday with more retail activity and some selective buying also seen by institutions, brokers said. The All Share Price Index closed at 7,383. 92, up 0.55 percent (40.47 points) while the Milanka Price Index of more liquid stocks closed at 6,879. 24, up 0.47 […]
Spreading Out
Mar 10, 2011 (LBO) – Sri Lanka’s Sampath Bank said it plans to set up 40 branches this year, including some in the former north-east war zone, hire more staff and look for mergers as margins get thinner. Sampath Bank chairman I W Senanayake said they opened 40 new branches in 2010 alone, adding to […]
Banking Rules
Mar 10, 2011 (LBO) – Sri Lanka’s banking regulator is examining bonuses and compensation packages of bankers to see if they are excessive with the aim of limiting them if necessary, a central bank report said. “Directions on integrated risk management and Pillar II of Basel II which relate to additional prudential requirements following the […]
Close Links
OTTAWA, March 9, 2011 (AFP) – An asylum seeker from Sri Lanka has been ordered deported over his links to an extremist Tamil separatist group, Canada’s Immigration and Refugee Board announced Wednesday. The man, whose identity cannot be revealed under Canadian law, came to Canada last year aboard the rickety cargo ship MV Sun Sea […]
Sri Lanka buys new short wave transmitters for air traffic
Mar 10, 2011 (LBO) – Sri Lanka will buy new equipment to replace 24 year old shortwave transmitters for the regional air traffic control centre at Ratmalana Airport, a government minister said. The Colombo flight information region (FIR) controlled from Ratmalana covers a large part of the Indian Ocean. Minister Anura Yapa said the cabinet […]