Category:
Sri Lanka Charter House clinches Maldives hotel deal
Nov 12, 2009 (LBO) – Sri Lanka’s Charter House International, a marketing and distribution group, said it has won an order to supply a new resort hotel run by Mount Lavinia Hotel Resorts in a Maldivian atoll.The company said in a statement it will supply bathware and sanitary fittings and hotel equipment for the TClub […]
Sri Lanka looks to mobile phones to improve farmer livelihoods
Nov 12, 2009 (LBO) – Sri Lanka’s information technology agency aims to deploy more widely a web-based crop price tracker and use mobile phones to help farmers improve production and marketing, an official said. Chitranganie Mubarak, Senior Programme Head – e-Society, of the Information Communications Technology Agency (ICTA), said the project is part of the […]
Sri Lanka apparel sector needs GSP plus: workers
Nov 12, 2009 (LBO) – Claims that alternative markets can be found if Sri Lanka loses European Union trade concessions are a ‘joke’ and if human rights are violated the state should take corrective action, apparel sector trade unions have said. The EU has threatened to withdraw access granted to Sri Lanka under its Generalised […]
Sri Lanka Sunshine Holdings eyes energy projects
Nov 12, 2009 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversifying into the energy sector as part of the holding company’s strategy of expanding its portfolio of investments.Chairman Rienzie Wijetilleke said in a statement the group has a new subsidiary called Sunshine Power. “In accordance with long term diversification strategies to add […]
‘s top general quits: military source
November 12, 2009 (AFP) – Sri Lanka’s top general, Sarath Fonseka, the architect of the army’s victory over Tamil rebels who was switched to a more ceremonial position, quit Thursday, a military source said.Fonseka declared during a visit to the United States last month that he was willing to shed his uniform and take up […]
Sri Lanka expects 6.0-pct growth from 4Q: CB Governor
Nov 12, 2009 (LBO) – Sri Lanka’s economic growth is projected to touch 6.0 percent in the fourth quarter of 2009 allowing the country to return to a higher growth path from 2010, Central Bank Governor Nivard Cabraal said.Cabraal said government tax revenues, another direct indicator of economic activity, have also picked up. “Overall we […]
Sri Lanka 3-month Treasuries fall below repo rate
Nov 11, 2009 (LBO) – Sri Lanka’s 3-month Treasuries yield fell below the repo rate of 8.00 percent at which the Central Bank drains cash from the banking system in a currency board-style free fall of interest rates amid excess liquidity and weak credit demand.The 3-month yield fell 41 basis points to 7.73 percent, the […]
Kiwi View
WELLINGTON, November 11, 2009 (AFP) – New Zealand does not want to offer a new home to a group of Sri Lankan asylum seekers involved in a stand-off with Australian authorities, the government said. Coleman confirmed there had been informal talks with Australia over the fate of the Sri Lankans but said there was an […]
Turnaround Signs
Nov 11, 2009 (LBO) – Dialog Telekom, a unit of Malaysia’s Axiata, said it lost 439 million rupees in the September quarter, a higher loss than a year ago, but that its performance was improving. The group, the island’s top celco, said in a statement sales fell 4.6 percent to 8.9 billion rupees in the […]
South Asian inflation risk from money printing: economist
WASHINGTON, November 11, 2009 (AFP) – Rising inflation is posing a threat to South Asia, with the situation most worrying in the Maldives where a foreign currency black market has emerged, a senior World Bank economist has warned.Noting that the median inflation rate in South Asia was more than twice that of Latin America and […]
Myanmar dissidents condemn S.Lanka over junta visit
November 11, 2009 (AFP) – Dissident Myanmar monks living in Colombo on Wednesday criticised the Sri Lankan government for inviting junta leader General Than Shwe for a state visit. The monks said Sri Lanka’s increasingly close relations with Myanmar’s military regime would further raise international concern over the island’s human rights record. They said President […]
” for Australian ship to stay
JAKARTA, November 11, 2009 (AFP) – Indonesia has “no problems” with extending permission for an Australian customs ship loaded with 78 Sri Lankan asylum seekers to stay in the country, the foreign ministry said Wednesday.Indonesia will look at any request by Australia to extend the stay of the Oceanic Viking, which is anchored off Bintan […]