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Sri Lanka heritage hotel to lure ship passengers again
Dec 02, 2010 (LBO) – Big Sri Lankan operators and international chains have responded to a call to restore the original charms of a colonial-era hotel overlooking Colombo port once popular with visitors who came by ship, an official said. “We want to bring it back to its original form,” said Gamini Wickemasinghe, chairman of […]
Sri Lanka October tea exports hit new high
Dec 02, 2010 (LBO) – Sri Lanka’s tea export earnings hit a new high in October 2010 as shipments rose to their highest level in four years amid high prices, brokers said. Some of the BOP type teas rose by over 50 rupees a kilo. Prices of low grown teas, which make up the bulk […]
Liquid Lending
Dec 02, 2010 (LBO) – The Asian Development Bank (ADB) will provide 90 million US dollars in loans to help Sri Lanka restore water supply and sanitation infrastructure in the war-ravaged north, a statement said. The project, due for completion by February 2017, will help restore and modernise key infrastructure damaged by war or which […]
‘s top hydro power reservoir near spill
Dec 02, 2010 (LBO) – A large reservoir in Sri Lanka’s central hills which is also used for power generation is near spill level as the island experienced heavy rainfall causing floods and landslides elsewhere. The Victoria reservoir in Sri Lanka’s Kandy district is one meter below spill level with heavy inflows continuing, an official […]
Sri Lanka India new trade deal stuck in more negotiations
Dec 02, 2020 (LBO) – Sri Lanka has had 13 rounds of negotiations on a new trade deal with India and “certain sections” of the proposed Comprehensive Economic Partnership Agreement (CEPA) had not yet been concluded, a government minister has said. Sri Lanka started liberalizing trade in 1977. India had been Sri Lanka’s biggest trade […]
US worried on Sri Lanka rights probe: WikiLeaks
WASHINGTON, December 1, 2010 (AFP) – The United States questioned if Sri Lanka would thoroughly probe war crimes allegations as the accusations involve President Mahinda Rajapakse and other top leaders, WikiLeaks said Wednesday. The controversial website, citing one of thousands of diplomatic cables it obtained, said US Ambassador Patricia Butenis saw some progress in Sri […]
Sri Lankan president regrets Oxford Union cancelling talk
December 1, 2010 (AFP) – Sri Lanka’s President expressed regret after the Oxford Union cancelled a scheduled speech by him amid security concerns, his office said in a statement Wednesday. Rajapakse had travelled to London on Tuesday ahead of an address to the prestigious Oxford Union on Thursday, but the organisers said security considerations forced […]
Sri Lanka may use extra forex reserves in Exim bank: CB Governor
Dec 02, 2010 (LBO) – Sri Lanka may use extra foreign reserves in a proposed export import bank to be set up next year to finance exporters and contractors, Central Bank Governor Nivard Cabraal said. China transferred a part of its foreign reserves to a forex management agency after issuing Treasury bills to its central […]
Sri Lanka Treasuries yields steady
Dec 01, 2010 (LBO) – Sri Lanka’s Treasury bill yields were steady across maturities at Wednesday’s auction with 11. 0 billion rupees in bonds being sold to real buyers, the government’s debt office said. The government sold 2.0 billion rupees in 3-month bills, 4. 0 billion rupess in 6-month bills and 5. 0 billion rupees […]
Sri Lanka stocks end up 1.9-pct
Dec 01, 2010 (LBO) – Sri Lankan stocks ended higher Wednesday, on the back of Tuesday’s gains, after the regulator gave more time for brokers to clear credit given to clients, brokers said. The All Share Price Index closed at 6,559. 89, up 1.94 percent (125.04 points) while the more liquid Milanka index rose 1.75 […]
Sri Lanka gets 30 proposals for reservoir tourism: minister
Dec 01, 2010 (LBO) – Thirty parties have responded to a call for proposals to operate boat and leisure services at major reservoirs in Sri Lanka, irrigation minister Nimal Siripala de Silva said. Once the proposals are accepted the government was planning to kick off the services in January starting with the Victoria and Polgolla […]
Tech Tour
Dec 01, 2010 (LBO) – Computer students from Sri Lanka’s northern Jaffna University an area that was caught up in a three decade war has visited software and outsourcing firms in the island’s capital, for the first time in 20 years. Two lecturers had also accompanied the students. One lecturer had said that it was […]