Tag: Sri Lanka
”’ target foreign miners in rising nationalism
ULAN BATOR, October 10, 2013 (AFP) – A silver swastika hanging around his neck, Boldbaatar Gombodorj points out his targets on a map of Mongolia like a World War II commander: little flags representing foreign mining firms that he and fellow “eco-Nazis” accuse of destroying their country.Mongolia’s mining boom has brought the vast, sparsely populated […]
Sri Lanka Commonwealth meet targets US$2bn in investments: official
Oct 09, 2013 (LBO) – A business forum coinciding with the Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka is targeting about 2 billion US dollars of investment leads, an official said.Foreign minister G L Pieris said Sri Lanka was showcasing its advantages of location, free trade deals with key economies and human resources […]
Canada threatens to pull Commonwealth funding
NUSA DUA, October 8, 2013 (AFP) – Canada’s Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.Harper confirmed late Monday that he was boycotting the November 15-17 summit in Colombo, citing “the absence of accountability for […]
‘s new PM to head to Commonwealth despite boycott call
NUSA DUA, October 7, 2013 (AFP) – Australia’s new prime minister said Monday he would attend a Commonwealth summit next month despite calls for a boycott over the human rights record of host Sri Lanka.The Gambian government announced last week that the former British colony was pulling out of the Commonwealth with immediate effect, saying […]
Sri Lanka rescues Australia-bound boatpeople
COLOMBO, October 4, 2013 (AFP) – Sri Lanka’s navy has rescued 70 would-be illegal immigrants drifting on the high seas in the country’s first detected case of people-smuggling since Australia tightened restrictions on asylum-seekers, officials said Friday.A naval craft picked up the Sri Lankans, including 17 women and 14 children, who had been drifting for […]
Sri Lanka urban price index up 9.7-pct in September
Oct 04, 2013 (LBO) – Consumer prices in Sri Lanka’s urban centres rose 9.7 percent in the 12-month to September slowing from 9.9 percent in August, an index compiled by private citizens showed. The CAL Urban Price Index, compiled by CAL Research, a Colombo based equity research house, fell 1.8 percent in the month with […]
Sri Lanka future ready enterprise summit kicks off
Oct 04, 2013 (LBO) – A high level conference on building ‘future ready enterprises’ kicked off in Colombo where over 40 resource persons from Sri Lanka and the region are sharing their knowledge and debate issues.Readers of LBO can participate live by at this link. http://www. “The areas of discussion are not what one commonly […]
Sri Lanka to grow 6.8-pct in 2013, inflation 7.0-pct: ADB
Oct 03, 2013 (LBO) – Sri Lanka’s economy is forecasted to grow 6.8 percent in 2013 and inflation would be 7.0 percent, the Asian Development Bank said in revised projections released this week. “Foreign holdings of government securities dipped in late August, which further weakened the rupee by 5 percent against the US dollar from […]
Gold prices could fall further: Fitch Ratings
Oct 03, 2013 (LBO) – Gold prices could fall below 1,200 US dollars an ounce as the United States withdraws exceptional money printing operations and speculative investment demand weakens, Fitch Ratings said.The rating agency under its methodology 1,200 US dollars an ounce was a base case for a ceiling price for the next three years […]
Sri Lanka policies help aged: UN backed study
Oct 02, 2013 (LBO) – Sri Lanka’s decades long spending in education and health has made the lot of the aged among the best in Asia, a United Nations backed study has found. A study by HelpAge International, a charity which constructed a ‘Global AgeWatch Index has ranked Sri Lanka fourth in Asia after Japan, […]
‘s capital to get better water supply: ADB
Oct 01, 2013 (LBO) – Sri Lanka’s capital Colombo and surrounding areas will get 24 hour water supply and water losses will be plugged under a new program financed with an 88 million US dollar credit, Asian Development Bank said. “Though 95 percent of Colombo is covered by a piped water supply system, the distribution […]
Building future ready enterprises in Sri Lanka
Sept 30, 2013 (LBO) – Some of Sri Lanka’s best brains from corporate, academic and research communities and panelists from the region will share their insights on building ‘future ready enterprises’. Titled ‘LBR LBO Summit on Enterprise 2.0, Building Future Ready Enterprises’, the thought-provoking, one and a half-day event will take place on Friday 4th […]