Search Results for: Sri Lanka

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
THE INDIAN and Sri Lankan governments are to launch a drive to promote the export of tea to untapped markets. New Delhi and Columbo will promote the sale of ‘tea futures’ on financial markets and their respective Tea Boards will study future market openings.…

BY KEITH NUTHALL
THE SRI Lankan government has adopted a five-year plan to boost annual national income from exports of spice and allied products from SL Rupees 6.5 billion (US$67million) in 2001 to SL Rupees 30 billion (US$311million) in 2006.…

BY SWINEETHA DIAS WICKRAMANAYAKA
LAUGFS Lanka Gas Ltd. is to start importing LPG to boost its Sri Lanka supplies, despite agreeing last October to purchase Ceylon Petroleum Corporation’s entire production for three years. Laugfs said demand had outstripped supply after selling LPG at SLRupees 100 less than competitor Shell.…

BY SWINEETHA DIAS WICKRAMANAYAKA
CARGILLS Quality Dairies Ltd is launching the ‘Cargills Magic’ ice-cream brand in Sri Lanka, the first based on Cargills’ takeover of the island’s Walls factory.”…

BY SWINEETHA DIAS WICKRAMANAYAKA
THE Coconut Cultivation Board of Sri Lanka is complaining that 18.5 per cent of the island’s nut bearing palms have grown “senile,” being past their productive peak at 60 years plus. The board wants to replenish stocks with younger trees.…

BY SWINTEETHA DIAS WICKRAMANAYAKA
THE SALE of Sri Lanka’s state owned Insurance Corporation is underway, with the appointment of a tender board and technical evaluation committee to handle the privatisation and the award of an overseeing contract to Pricewaterhouse Coopers.

As the south Asian country’s only state owned insurance venture, the Insurance Corporation commands a 44 per cent market share in general insurance and 35 per cent in life portfolios and has been prospering from a 1.2 per cent growth rate.…

BY SWINEETHA DIAS WICKRAMANAYAKA
MINERAL processing is set to resume in earnest at the Pulmoddai beach mine in northern Sri Lanka, because the ceasefire between the island’s government and the Tamil Tiger separatists has removed the threat of violent disruption to its operations.…

BY SWINEETHA DIAS WICKRAMANAYAKA
MINING is set to resume in earnest at the Pulmoddai beach mine in northern Sri Lanka, because the ceasefire between the island’s government and the Tamil Tiger separatists has removed the threat of violent disruption to its operations.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
SRI Lanka’s Parquet (Ceylon) Ltd, the island’s long troubled wooden flooring manufacturer, appears to have emerged from the red during the last financial year, posting a trading profit of SLRupees 15.6 million for the 9 months ending December 31, 2001, up from a loss of SLRupees 13.7 million a year earlier.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
SRI Lankan legislators are considering proposals to create a powerful national electricity regulator, which would combine the functions of the Ceylon Electricity Board and the Ceylon Petroleum Corporation. This new Power Supply Committee would have an expanded remit, being tasked with ensuring the smooth operation of electricity transmission in a country where cuts in service are common.…