Tag: Sri Lanka
Sri Lanka said keen on public-private partnerships
Dec 13, 2010 (LBO) – Sri Lanka is keen on partnerships between the public and private sectors in developing its economy, the International Finance Corporation, which is supporting the initiative, said in a statement. Sri Lanka is actively considering options to increase private participation in development,” it quoted Sarath Amunugama, Sri Lanka’s Senior Minister of […]
Sri Lanka spice firm registers trademark over McDonalds objection: report
Dec 12, 2010 (LBO) – Lanka Spice Limited, a Sri Lankan-based spice firm has successfully registered its trademark ‘McCurrie’ over objection of McDonalds, a US-based fast food chain, a media report said. Lanka Spice has been in the market since 1982 The Sunday Times newspaper said. The report quoted Lanka Spice chairman Nalin Pathikirikorale as […]
Sri Lanka policy consistency seen needed for investor confidence
Dec 11, 2010 (LBO) – Sri Lanka should have consistent government policies to increase private sector confidence to invest more in the economy which in turn would boost economic growth, a senior chartered accountant said. A total of 57 awards were given out at the ceremony for finance, banking, hotel, health, manufacturing and insurance sectors. […]
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December 9, 2010 (AFP) – A six-year-old girl found at a house in Colombo is believed to have been sold by a hospital worker soon after the 2004 Indian Ocean tsunami, Sri Lankan child protection authorities said Thursday. Staff at the National Child Protection Authority went to the house after neighbours complained that the girl […]
Ukraine to attend Nobel ceremony after public pressure
KIEV, December 9, 2010 (AFP) – Ukraine will send a diplomat to the Nobel peace prize ceremony for jailed Chinese dissident Liu Xiabo, a foreign ministry official said Thursday, after Kiev initially joined a boycott led by China. Ukraine will send the first secretary of the Ukrainian embassy in Norway to the ceremony on Friday, […]
Sri Lanka slain customs officer given integrity award
Dec 10, 2010 (LBO) – A Sri Lankan customs officer who was gunned down after he exposed corruption in the customs service was posthumously awarded the National Integrity Award by the corruption watchdog Transparency International. “Corruption is deep rooted in human greed. The temptations and opportunities for corruption are greater today than ever before. Faced […]
Fuel Switch
Dec 09, 2010 (LBO) – Sri Lanka is looking closely at using liquefied natural gas (LNG) for power generation and transport, according to a note by the island’s petroleum and power ministries. LNG is cheaper than diesel and LPG and also cleaner, producing less harmful emissions, and its high purity results in higher thermal efficiency […]
Sri Lanka labour unions kept pacified: CB governor
Dec 08, 2010 (LBO) – Sri Lankan government efforts to prevent labour trouble in recent years despite tough economic conditions should be considered part of its effort to support the business community, central bank governor Nivard Cabraal said. “If we have good roads, that’s a relief. If we have employment, 24-hour electricity and coverage throughout […]
Sri Lanka to borrow USD760mn for roads from China
Dec 09, 2010 (LBO) – Sri Lanka will borrow 760 million US dollars from two state-banks in China to upgrade more than one thousand kilometres of roads in the island including key roads in former war-torn areas in the Northwest of the country, the government said. The government will borrow 500 million dollars from China […]
Opening Shot
Dec 08, 2010 (LBO) – Shares of Sri Lankan liquid petroleum gas supplier Laugfs Gas, sold at 23 rupees in a public offer, opened higher but came under selling pressure, brokers said. The firm offered 75 million ordinary shares at 23 rupees to raise 1,725 million rupees, and 52 million non-voting shares at 15 rupees […]
Nineteen countries decline Nobel ceremony invite: organisers
OSLO, December 7, 2010 (AFP) – Nineteen countries will shun Friday’s Nobel Peace Prize ceremony in Oslo for jailed Chinese dissident Liu Xiaobo, the Nobel Institute said, following Chinese pressure for a global boycott. “You only have to look at the figures. The vast majority of countries invited will be represented,” Nobel Institute director Geir […]
Sri Lankan migrants held in Thailand
BANGKOK, December 8, 2010 (AFP) – Thai authorities said Wednesday they had arrested 45 migrants from Sri Lanka in the latest of a series of crackdowns in recent months. Sri Lanka’s crackdown on the Tamil Tigers, which ended a lengthy civil war last year, has resulted in a flood of people seeking asylum in other […]