Category:
‘s workforce boom is a mixed blessing: experts
NEW DELHI, December 5, 2010 (AFP) – An explosion of working-age people in India could serve as an engine of economic growth — or bring social turmoil, experts say. Over the next two decades, India’s working-age population will increase by 240 million — four times the entire population of Britain — according to investment house […]
Credit Upturn
Dec 04, 2010 (LBO) – Sri Lanka’s loans to private citizens from commercial banks grew 15. 5 percent to 1,361.5 billion rupees in September from a year earlier while credit to government grew at a slower 6. 8 percent. After contracting in 2009, credit to private business had grown 165 billion rupees. In the month […]
Spanish judge jails three Pakistanis in forgery probe
MADRID, December 3, 2010 (AFP) – A judge in Spain Friday remanded in custody three of seven people arrested in an operation against a gang suspected of forging passports for Al-Qaeda-linked groups, court sources said. These included the 2004 Madrid bombings, when blasts on packed commuter trains in a city suburb killed 191 people and […]
‘s top hydro reservoir starts to spill
Dec 04, 2010 (LBO) – Sri Lanka’s Victoria reservoir in the Mahaweli river started to spill Saturday for the first time since 2006 amid heavy rains lashing the island, raising the possibility that downstream reservoirs may also spill. Water then flows to Randenigala lower in the cascade. The reservoir is about three meters below. It […]
‘s Herath shines on rain-hit day
PALLEKELE, December 4, 2010 (AFP) – Sri Lanka’s Rangana Herath bagged three wickets in five overs before the West Indies reached 303-8 in their first innings on the penultimate day of the third and final Test on Saturday. Sulieman Benn was unbeaten on 29 with the help of two sixes and Kemar Roach on 12 […]
Malaysia cuts fuel, sugar subsidy to trim deficit
KUALA LUMPUR, December 4, 2010 (AFP) – Malaysia has cut subsidies for fuel and sugar, a report said Saturday, in a bid to reduce its budget deficit by saving the government 1. 18 billion ringgit (376 million dollars). The opposition scored unprecedented gains in elections in 2008 which saw it claim five states and a […]
Sri Lanka Singer unit raises Rs1.4bn in debt
Dec 03, 2010 (LBO) – Singer Sri Lanka, a unit of Dutch-based Retail Holdings, has raised 1. 4 billion rupees through a mix of a loan and an unsecured redeemable debenture, placement agent NDB Investment Bank (NDBIB) said. NDBIB said Singer raised 400 million rupees through an unsecured loan and one billion rupees through an […]
Sri Lanka stocks close almost flat
Dec 03, 2010 (LBO) – Sri Lankan stocks ended almost flat Friday, with only limited retail trading in the market and profit taking in the index heavy stocks, brokers said. The All Share Price Index closed at 6,547. 68, up 0.14 percent (8.84 points) while the Milanka index of liquid stocks closed flat at 7,055. […]
Quick Voyage
Dec 03, 2010 (LBO) – An emerging requirement for fast passenger ferries to link Indian island territories with the mainland could be an opportunity for Sri Lanka’s Colombo Dockyard, a visiting Indian official said. Jitendra Kumar Dadoo, the Administrator of the Union Territories of Lakshadweep, India, said faster passenger craft were needed to transport people […]
Sri Lanka Tamil Tiger links revealed in Spanish-Thai forgery probe
MADRID, December 3, 2010 (AFP) – Spanish and Thai police investigating a gang that supplied forged passports to Al-Qaeda linked groups have found new evidence of links to Sri Lanka’s defeated Tamil Tiger rebels, Spanish authorities said Friday. Spanish and Thai police are analysing material seized late on Tuesday in a joint operation in which […]
Sri Lanka power regulator proposes green tariffs; cross subsidies
Dec 03, 2010 (LBO) – Sri Lanka’s power regulator has called for public responses on proposed new tariffs for next year, which indicate steep rises for some domestic users and low prices for industry and government offices and a new green tariff. Sri Lanka governments own energy policy has an objective to cut widely discriminatory […]
Sri Lanka renewable tariffs: waste, dendro, wind most expensive
Dec 03, 2010 (LBO) – Sri Lanka’s new tariffs for renewable energy show that dendro (wood) would be more expensive than wind and municipal waste heat would be paid the highest tariff, displacing wind as the most expensive source. New tariffs released by the Public Utilities Commission in November 2010 say that municipal waste fired […]