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Sri Lanka could see tea prices easing next year

Dec 23, 2009 (LBO) - Tea export countries like Sri Lanka could see prices easing next year as better weather improves crops and reduces the global shortfall …

India tightens tourist visa rules: official

NEW DELHI, December 23, 2009 (AFP) - India has tightened its rules for long-term tourist visas, officials said Wednesday, in a move that is causing confusion …

Money Wave

RATHGAMA, December 23, 2009 (AFP) - Billions of dollars were pledged after the 2004 Asian tsunami to help people like Pradeepa Niroshani who waited in vain for …

Italian winemakers first to invest in India: company

NEW DELHI, December 22, 2009 (AFP) - Two Italian winemakers have become the first foreign producers to invest directly in India, seeking to tap into a growing …

Potatoes, algae replace oil in US company’s plastics

HAWTHORNE, December 22, 2009 (AFP) - Frederic Scheer is biding his time, convinced that by 2013 the price of oil will be so high that his bio-plastics, made …

Refugee Drama

JAKARTA, December 20, 2009 (AFP) - Fifteen of the Sri Lankan asylum seekers who spent weeks refusing to get off the boat that rescued them near Indonesia have …

Iran Bound

SEOUL, December 21, 2009 (AFP) - A planeload of weapons from North Korea seized in Bangkok this month was bound for Iran, a newspaper report said Monday, …

Asset Sales

Dec 20, 2009 (LBO) - Court appointed officials liquidating assets of Golden Key Credit Card Company, a failed finance firm in Sri Lanka's Ceylinco group, are …

Climate leaders: The rhetoric vs. the reality

COPENHAGEN, December 19, 2009 (AFP) - They had been urged to side with the angels but ultimately, base political instinct seems to have prevailed among the …

Copenhagen deal passed amid condemnation, disappointment

COPENHAGEN, December 19, 2009 (AFP) - A UN conference on Saturday rammed through a battle plan against climate change forged by US President Barack Obama and …

Sri Lanka win with Dilshan’s explosive 123

NAGPUR, December 18, 2009 (AFP) - Tillakaratne Dilshan hammered a second successive century to power Sri Lanka to a thrilling three-wicket victory over India …

Sri Lanka commodity futures exchange mooted

Dec 18, 2009 (LBO) - Sri Lanka should set up a commodity futures exchange and introduce forward contracts to make farmers more efficient and earn more, a …

Time Warner buys India’s NDTV Imagine for 126.5 million

NEW DELHI, December 17, 2009 (AFP) - Time Warner Inc said Thursday its board had approved the acquisition of Indian entertainment channel NDTV Imagine Ltd. buy …

ICC chief wants day/nighters put to the test

LONDON, December 17, 2009 (AFP) - International Cricket Council (ICC) president David Morgan expects day/night Test cricket to become a reality within the next …

Sri Lanka seen losing status as tea exporter

Dec 17, 2009 (LBO) - China has overtaken Sri Lanka as the world's second largest tea exporter, and the island is in danger of losing its position as a major …

Indicted

NEW YORK, December 15, 2009 (AFP) - The founder of Galleon hedge fund, Raj Rajaratnam, was indicted Tuesday in a multi-million-dollar Wall Street …

India’s Bharti to buy Bangladesh mobile operator: regulator

DHAKA, December 16, 2009 (AFP) - Indian telecom giant Bharti Airtel is seeking to buy Bangladesh's fourth-largest mobile phone operator Warid from its Abu …

Sri Lanka tea factories cut energy costs

Dec 16, 2009 (LBO) - Sri Lankan tea factories are cutting energy costs under an initiative to make them more competitive in overseas markets given the island's …

Rural communities lead Nepal’s green fightback

KAVRE, December 15, 2009 (AFP) - Thirty years ago, Nepalese farmer Badri Prasad Jangam realised that the once thickly-wooded hillside that overlooks his home …

India stop Sri Lanka in high-scoring thriller

RAJKOT, December 15, 2009 (AFP) - India overcame a brilliant century by Tillakaratne Dilshan to defeat Sri Lanka by three runs in a dramatic start to the …