India asks state banks not to overstate profit
NEW DELHI (Asia Pulse) - The Indian Finance Ministry has written to all public sector banks asking them to ensure profits are not overstated and to make …
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Sri Lanka tea prices rise after rupee depreciation
Feb 17, 2012 (LBO) - Prices of Sri Lankan teas rose at the Colombo auctions this week with brokers attributing the increase to the fall in the value of the …
Sri Lanka seen needing big investments to lift estate living standards
Feb 17, 2012 (LBO) - Sri Lanka's plantations still need huge investments to upgrade the living standards of workers, some of which would have to come from …
Sri Lanka fishermen shot to death in fuel protest
Feb 16, 2012 (LBO) - A Sri Lankan fisherman was shot and killed as police quelled a protest following protests after a weakening exchange rate forced a sudden …
Sri Lanka Kelani Valley Plantations December net up 13-pct
Feb 16, 2012 (LBO) - Sri Lanka Kelani Valley Plantations said December 2011 quarter net profit rose 13 percent to 187 million rupees from a year ago as tea and …
Sri Lanka exporters told to aim at US iced tea market
Feb 14, 2012 (LBO) - The market for tea in the United States is growing rapidly with the best prospects being in ready-to-drink teas, Joseph Simrany, president …
Sri Lanka tea small farmers raise output concerns
Feb 10, 2012 (LBO) - Sri Lanka's tea small holders, who produce the bulk of the crop, have said rising costs of production, mainly driven by higher labour …
Indian govt stops issuing food inflation data
NEW DELHI, Feb 10 (Asia Pulse) - The Indian government has discontinued a practice of releasing food inflation data every Thursday. "Consequent upon the …
Sri Lanka tea estate lose Rs28mn in Dec quarter
Feb 09, 2012 (LBO) - Sri Lanka's Bogawantalawa Tea Estates Plc said it lost 28 million rupees in the December 2011 quarter from a profit of 69 million rupees a …
Sri Lanka Watawala to invest marketing unit proceeds in tea, oil palm
Mar 08, 2012 (LBO) - Sri Lanka's Watalawa Plantations Plc said cash from the sale of a marketing arm will be used to expand oil palm, boost efficiencies in its …
Sri Lanka CIC Holdings rated A/P2
Feb 08, 2012 (LBO) - RAM Ratings Lanka has assigned long- and short-term corporate credit ratings of A and P2 to CIC Holdings (CIC) with a stable outlook on …
Maldives president resigns
Feb 07, 2012 (LBO) - Maldivian President Mohamed Nasheed has resigned, news reports said. online pharmacy buy spiriva inhaler with best prices today in the USA …
2012 rice trade to fall in weaker demand: FAO
BANGKOK, (Asia Pulse) - The international rice trade is forecast to fall by approximately 1 million tonnes, or 5 per cent, this year as improved harvest …
Sri Lanka tea farmers hurt by Middle East unrest
Feb 03, 2012 (LBO) - Sri Lankan small farmers are suffering because of a downturn in demand for tea from key markets in the Middle East owing to political …
Carlyle group cuts stake in India’s HDFC to 3.9-pct
MUMBAI, Feb 2 (AsiaPulse) - US-based private-equity firm Carlyle Group on Wednesday reduced its stake to about 4 per cent in leading Indian mortgage company …
Sri Lanka tea trade mulls new standard
Feb 02, 2012 (LBO) - Sri Lanka's tea industry is considering developing an 'all-encompassing' standard to demonstrate compliance with a plethora of …
Sri Lanka estate living standards seen improving
Feb 02, 2012 (LBO) - Sri Lanka's tea plantations industry said investments in improving infrastructure and community services had improve the quality of life …
Kerala tourism promotion in Australia, Middle East
MUMBAI, Feb 1 (Asia Pulse) - Buoyed by an over 11 per cent increase in foreign tourist arrivals in 2011, which was a bad year for the global tourism industry …
Sri Lanka testing new tea plants
Jan 31, 2012 (LBO) - Sri Lanka is testing new varieties of tea that have better ability to tolerate drought and disease, the head of the island's tea research …
Sri Lanka lifts ban on tea estates harvesting timber
Jan 31, 2012 (LBO) - A Sri Lanka state decision to allow commercial timber to be harvested will increase the supply of fuel wood for use in tea driers helping …