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Light Load
December 2, 2006 (LBO) – Sri Lanka plans to build a 300 megawatte liquefied natural gas plant with Iranian assistance, the government said Saturday. “Iran is highly developed in power plant manufacturing industry and is able to meet the domestic requirement of power plant construction. Sri Lanka power industry can benefit through mutual cooperation between […]
Costly Business
Dec 01 (LBO) – Sri Lanka’s export and import trade are to be slapped with higher terminal handling charges from January, shipping lines calling on the Colombo port said in a public notice on Friday. The India Pakistan Bangladesh Ceylon Conference (IPBCC) a grouping of about 19 shipping lines, said that they were revising rates […]
Aid for AIDS
Dec 1, 2006 (LBO) – The United States said Friday that it would give Sri Lanka 650,000 dollars to help curb the AIDS virus in high risk areas of the island, officials from the US Agency for International Development, said. Department of Health Services, 2006 report says the number of reported cumulative AIDS deaths in […]
Trade Battle
WASHINGTON, Nov 30, 2006 (AFP) – The United States and Asian economies are divided over how to implement a plan to set up an Asia-Pacific free trade area, two weeks after agreeing to study the ambitious proposal. The Asian economies want to first establish a free trade area among themselves before considering the implementation of […]
Next Show
November 30, 2006 (LBO) – Tough regulations are stifling growth of Sri Lanka’s cable and satellite television industry, a local research firm says, but is poised to take off as new and larger players’ lower costs and improve choice. Sri Lanka’s current penetration of satellite and cable channels is less than one percent of the […]
Thailand, US deploy first tsunami warning buoy in Indian Ocean
PHUKET, Thailand, Dec 1, 2006 (AFP) – Thai and US officials Friday sent off a ship carrying a tsunami warning device designed to protect millions of people around the Indian Ocean from a repeat of the catastrophe two years ago. Some 220,000 people in a dozen countries were killed by a tsunami that hit off […]
Sri Lanka defence secretary survive suicide blast
COLOMBO, Dec 1, 2006 (AFP) – The brother of Sri Lanka’s president narrowly escaped Friday when a suspected Tamil rebel suicide bomber blew himself up in the heart of Colombo, killing at least one soldier, police said.In all, more than 60,000 people have been killed in the island’s separatist campaign since 1972. Updated Gotabaye Rajapakse, […]
Sri Lanka defence secretary escapes assassination bid
December 31, (LBO) – Sri Lanka’s defence secretary, Gotabhaya Rajapakse, the brother of the country’s president had escaped a suicide assassination attempt, officials said.The blast had killed at least one person and injured 14 others, police said.The convoy of Defence Secretary Gotabhaya Rajapakse had been targetted in the morning blast near the Citi Bank branch […]
Blast in Colombo, Sri Lanka
December 01, (LBO) – Sri Lanka’s defence secretary has escaped a suicide assassination bid, the centre for national security said.Lakshaman Hulugalle, head of the national centre for media told the state television that the convoy of Defence Secretary Gotabhaya Rajapakse, the brother of Sri Lankan president Mahinda Rajapakse had been targetted. At least one security […]
Sri Lanka micro lenders on rating watch over merger move with 30-pct dud loan state bank
December 01 (LBO) – Six Sri Lankan regional development banks were put on a ratings watch on Friday, rating agency Fitch Lanka said, following government plans to merge with a newly set up state bank with 30 percent dud loans. Fitch intends to resolve the Rating Watches within a period of six to nine months […]
‘s tea companies warn of millions in losses due to trade union action
Nov 30, 2006 (LBO) – Sri Lanka’s plantation companies warned Thursday of millions of rupees in losses due to trade union action on estates, as wage talks reach breaking point. Sri Lanka has over 250,000 estate workers, with the island among the world’s top producers’ at over 300 million kilos of black tea produced a year. […]
Potential Problem
Nov 30, 2006 (LBO) – Estimated 5.5 to six million people in South Asia is infected with AIDS which have become a severe epidemic but the HIV epidemic remains at a low level in Sri Lanka, the World Bank said Thursday. South Asia is a heterogeneous and highly mobile region the report says, where most […]