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Sri Lanka boxer fails second doping test
November 14, 2010 (AFP) – Sri Lankan boxer Manju Wanniarachchi failed the second doping test for a banned steroid after winning gold at last month’s Commonwealth Games, the boxing governing body on the island said Sunday. The Amateur Boxing Association of Sri Lanka said the “B” sample of 30-year-old Wanniarachchi’s urine tested positive for nandrolone, […]
Sri Lanka forex sales pick up amid excess liquidity
Nov 15, 2010 (LBO) – Sri Lanka’s central bank has sold 288. 7 million US dollars in foreign exchange markets in October in one of the biggest monthly sell-off of accumulated reserves in two years. In a sustainable pegged exchange rate regime such sales are an automatic quantity adjustment process that trims the monetary base […]
Sri Lanka fishery sector needs new techniques, better resource data: think tank
Nov 14, 2010 (LBO) – Sri Lanka’s fishery sector needs more data on resource stocks, especially in war-torn Northern areas, new techniques and improvements in post harvest handling, a think tank has said. In 2008 fish production in Sri Lanka’s eastern province had increased to 70,520 metric tonnes from 39,760 tonnes a year earlier. In […]
Doubly Victimized
Nov 14, 2010 (LBO) – Helpless women whose picture were posted on the internet by third parties have been further victimized and in at least one case forced to flee her home after police published their pictures in the media, a report said. Pornography falls in to a category of so-called ‘victimless crimes’ which many […]
‘s construction boom runs out of engineers
NEW DELHI, November 14, 2010 (AFP) – Evidence of India’s construction boom can be seen in the new high-rise apartments sprouting up across the country, but the industry is suffering from a serious shortage of engineers and designers. “Until things change, we might manage some big-ticket items like the Delhi Metro with the help of […]
Maid Abuse
November 13, 2010 (AFP) – A Sri Lankan housemaid has accused her Kuwaiti employer of hammering 14 nails into her body, in the second such incident in the past few months, a local doctor said Saturday. Non-governmental organisations report frequent cases of employer abuse of maids who work abroad. The woman, identified only as Lechchami, […]
Sri Lanka gets ADB help to cope with climate change
Nov 13, 2010 (LBO) – Sri Lanka has drafted a national strategy for climate change adaptation with the support of the Asian Development Bank (ADB), a statement said. The ADB, working with the Ministry of Environment, has given technical assistance for a new framework to enable Sri Lanka’s economy and people to cope with climate […]
” as lies
November 12, 2010 (AFP) – Sri Lanka Friday rejected as “lies” new photographs broadcast by Al-Jazeera of piles of dead bodies and execution-style killings allegedly taken during the final stages of the island’s ethnic war. Media Minister Keheliya Rambukwella said that the Qatar-based television network had mixed images previously shown on a British television channel […]
Sri Lanka mulls ocean thermal energy option
Nov 13, 2010 (LBO) – Sri Lanka is considering OTEC, or ocean thermal energy conversion, in the eastern deep-water harbour of Trincomalee as part of a renewable energy drive, Minister of Power and Energy Champika Ranawaka said. Trincomalee, a natural harbour with a deep trench, has long been considered a potential site for OTEC but […]
Sri Lanka Hayleys rating on negative watch after acquisition
Nov 12, 2010 (LBO) – Sri Lanka’s Hayleys’ rating has been place on a ‘negative’ watch after the firm took on 2. 0 billion rupees in debt to buy Alumex, an aluminum extrusion company for 2.1 billion rupees, Fitch Ratings Lanka said. The ‘rating watch negative’ could result in a downgrade of the firm’s AA-(lka) […]
Sri Lanka stocks end up 0.5-pct
Nov 12, 2010 (LBO) – Sri Lankan stocks closed higher Friday in thin trade as businesses recovered from devastating floods in the capital Colombo caused by heavy rains the day before, brokers said. The All Share Price Index closed at 6,600.06, up 0.46 percent (30.45 points) while the more liquid Milanka index rose 0.50 percent […]
Sri Lanka apparel group chief says scale can change industry
Nov 12, 2010 (LBO) – Ashroff Omar, head of Sri Lanka’s Brandix apparel group had told a global conference that the creation of larger firms can drive research and development to make apparels give higher value to users, his company said. He had delivered the keynote address at an event marking 100 years of The […]