Category:
Sri Lanka dairy business prospects seen improving
Apr 23, 2010 (LBO) – Sri Lanka’s dairy sector is improving with strong competition among processors expanding demand for milk and helping farmers, the US Agency for International Development said. USAID has boosted the sector by partnering with a private company to increase milk production, it said in a statement. A USAID study showed that […]
” deported by Malaysia
KUALA LUMPUR, April 23, 2010 (AFP) – Malaysia said it has arrested and deported several leaders of the Sri Lankan separatist Tamil Tiger rebels over the past few months to prevent them setting up a hub in the country. Home Minister Hishammuddin Hussein said in a statement late Thursday he had informed Sri Lanka of […]
Sri Lanka exporters face higher air freight costs
Apr 23, 2010 (LBO) – Sri Lankan exporters face higher transport costs with the flight disruptions caused by volcanic ash over Europe sending air freight rates shooting up and causing a space crunch, officials said. Tony de Livera, chairman of the Sri Lanka Freight Forwarders Association, said the flight disruptions have disrupted local businesses relying […]
Sri Lanka to face New Zealand in United States
WELLINGTON, April 23, 2010 (AFP) – New Zealand will play a three-match Twenty20 series against Sri Lanka in the United States next month, officials said Friday. The matches in Florida will launch a new strategic partnership between cricket authorities in New Zealand and the United States, New Zealand Cricket chief executive Justin Vaughan said. “This […]
Sri Lanka president retains finance, cuts size of new cabinet
Apr 23, 2010 (LBO) – Sri Lankan president Mahinda Rajapaksa retained the finance and defence portfolios in a new cabinet appointed after parliamentary polls and added the ministries of ports, aviation and highways seen as critical in a post-war revival. A government statement said the cabinet consists of 37 ministers and 39 deputies, much smaller […]
Sri Lanka to present interim budget
Apr 23, 2010 (LBO) – Sri Lanka’s government is to present a ‘vote on account’ instead of a formal budget for the three-month May to July period and a ‘mini-budget’ thereafter to cover spending till year’s end, a spokesman said. This was because of presidential and parliamentary polls called ahead of schedule, both of which […]
Developing nations call for finance reform
WASHINGTON, April 22, 2010 (AFP) – Delaying financial reform could put the global economic recovery at risk, a group of 24 developing nations warned on Thursday as they called for “vigorous” implementation of reforms. Visiting Wall Street — the epicenter of the global meltdown — Obama called on company bosses to help pass sweeping financial […]
World Bank opens data goldmine to all
Apr 22, 2010 (LBO) – The World Bank has opened its statistics spanning 50-years to and called upon the global community to use the data to help poor people in the developing world. “I believe it’s important to make the data and knowledge of the World Bank available to everyone,” a World Bank statement quoted […]
Sri Lanka shares end up 0.96-pct
Apr 22, 2010 (LBO) – Sri Lanka’s stock market edged higher in record territory Thursday with interest in hotels extending to banks and the finance sector amid high investor confidence, brokers said. The All Share Price Index closed at 4,077.55, up 0.96 percent (38.66 points) while the more liquid Milanka index rose 1.24 percent (57.30 […]
Heavy Lift
Apr 22, 2010 (LBO) – Movement of heavy cargo for post-war reconstruction and modernisation in Sri Lanka will provide more business for logistics companies, industry officials said. The specialist skills and equipment of logistics providers will be needed to move cargoes such as equipment for power plants and construction work, they said. Two ports are […]
Holiday Banking
Apr 22, 2010 (LBO) – Sri Lanka’s Commercial Bank said it will open a ‘holiday banking centre’ at a well-known shopping mall in the capital Colombo to meet growing demand for extended banking hours and higher cash withdrawals. The centre at the Majestic City mall will stay open from 10.00 am to 7.30 pm on […]
Maldives president wins UN eco prize
Apr 22, 2010 (LBO) – President Mohamed Nasheed of Maldives, a low lying atoll nation in the Indian Ocean which fears inundation rising sea levels, has won a top environmental prize from the United Nations, his office said. He has been named a winner of the ‘Champions of the Earth’ award for policy leadership. Maldives […]