Tag: news
Sri Lanka exporters moving beyond labour arbitrage
Sept 25, 2013 (LBO) – Sri Lanka’s high end apparel and information technology firms are moving beyond labour arbitrage to leverage knowledge and supply chain efficiencies, officials said.“Labour arbitrage is not necessary, the way we see it,” Udena Wickramasuriya, group director at Brandix a top Sri Lanka based apparel group that also has operations in […]
Sri Lanka should keep policy on hold, make structural changes: IMF
Monetary Stance Sept 25, 2013 (LBO) – Sri Lanka should keep monetary policy on hold but make structural change to boost growth, an International Monetary Fund official said. Todd Schneider, head of a monitoring mission to Sri Lanka said external conditions have worsened with impending Federal Reserve action, and budget revenues were flat though inflation […]
Sri Lanka has to fix primary schools as well as universities
Sept 24, 2013 (LBO) – Sri Lanka has to fix its primary school system where up to half the students are failing their junior high school exam, as well as universities, researchers and productive sector officials said. “Sri Lanka has to invest more in primary schooling,” Sujatha Gamage, an educational specialist from LirneAsia, a regional […]
Shale Oil
NEW YORK CITY, September 24, 2013 (AFP) – The US shale boom is remaking the nation’s industrial landscape and raising the prospect of energy independence in the world’s biggest oil consumer.As the industry awaits more pipeline capacity, the US has seen an uptick in oil deliveries by rail and truck.Booming oil and gas production is […]
Sri Lanka President on Twitter Q&A from New York
Sept 24, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa will answer questions posed on Twitter, a micro blogging site, after addressing a United Nations assembly in New York, his media office said. The half hour Q&A will take place on Sept 25, at 9.00 am New York time which is 6.30 pm Sri Lanka […]
Tamil party heads for big win in Sri Lanka vote
JAFFNA, September 21, 2013 (AFP) – Sri Lanka’s main Tamil party was Sunday headed for victory in the first regional elections to a semi-autonomous council in the island’s north after decades of ethnic war.The Tamil National Alliance (TNA) swept three of the five districts declared so far following Saturday’s Northern Provincial Council elections, official results […]
‘s Tamil party wins landslide victory in key poll
JAFFNA, September 22, 2013 (AFP) – Sri Lanka’s main Tamil party won a landslide victory Sunday in landmark elections in the battle-scarred north, raising hopes of some degree of self-rule for the ethnic minority after decades of war. The election comes ahead of a Commonwealth heads of government summit due to take place in Colombo […]
‘s Tamils vote after decades of war
JAFFNA, September 21, 2013 (AFP) – Sri Lanka’s minority Tamils began voting Saturday to elect what they hope will give them a shot at self-rule after decades of ethnic bloodshed that claimed over 100,000 lives.Tamils in the country’s battle-scarred northern province are voting for the first time to elect a semi-autonomous council, in an election […]
”s new boat people policy
UDAPPUWA, September 20, 2013 (AFP) – As Australia’s new government launches tough measures to halt asylum seekers arriving on boats, some dirt-poor fishermen and their families half a world away in Sri Lanka seem undeterred. Although Armugasamy did not fullfil his dream of resettling in Australia, he still hopes the journey was worth it. The […]
‘s first online investment application from UK oil services firm
Sept 19, 2013 (LBO) – Sri Lanka’s foreign investment agency said a UK based oil services firm had been the first to use its online investment application portal on September 18, within a day of its launch.Sri Lanka’s Board of Investment launched the web portal for investment applications on September 17, promising to make the […]
Four Sri Lankans on global economics blog
Sep 19, 2013 (LBO) – Future Development: Economics to End Poverty, a blog to create a discussion on global development issues has been launched, led by World Bank economist Shanta Devaranjan in which four Sri Lankans are included.Basic tools of mobility that helped improve living standards and productivity in ‘developed countries’ such as cars and […]
‘s ex-war zone vote
JAFFNA, September 18, 2013 (AFP) – Foreign observers held talks with officials and candidates in Sri Lanka’s former war zone Wednesday to ensure the region’s first elections to choose a semi-autonomous council pass off peacefully, officials said. Some 906 candidates are contesting the 36 seats in the Northern council which is going to the polls […]