Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation

Jun 06, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate disadvantages. The proposal was presented by Mangala Samaraweera, Minister of Finance to hold loan negotiation discussions and enter into financial agreement with the International ank for Development and Reconstruction to implement […]

ABACUS Tea unveils staple-free technology for existing tea bag machines

Abacus Tea Pvt Ltd on 9th April at the Hilton Colombo presented a ground breaking invention by making Constanta tea bag machines staple free. The breakthrough is an invention by tea bag industry veteran and Abacus Tea Pvt. Ltd Chairman, Rohan De Lanerolle, who will now give a new lease of life to over 1,000 […]

‘s climate resilient agriculture & infrastructure services

Apr 12, 2019 (LBO) – Sri Lanka and the World Bank has signed two new agreements worth 150 million US dollars to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships. Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S.Samaratunga, Secretary, Ministry of Finance […]

Australia increases support for demining efforts in Sri Lanka

Apr 03, 2019 (LBO) – Australia has increased its support for humanitarian demining efforts in Sri Lanka to mark the International Day for Mine Awareness and Assistance in Mine Action on Thursday. Australia will provide more than 124 million rupees in assistance over the next two years through a partnership with the Mine Action Group (MAG) […]

Construction of Sri Lanka’s first Cold Storage complex for perishables inaugurated

Mar 30, 2019 (LBO) – The construction of Sri Lanka’s first Temperature and Humidity Controlled Warehouse Complex for Perishables was initiated today by the Economic Reforms Minister Harsha de Silva and the High Commissioner of India, Tharanjith Singh Sandu at the adjoining land of Dambulla Economic Centre. The proposed Cold Storage complex with a capacity of 5,000 […]

Slower but more stable growth path appropriate strategy for North: report

Feb 22, 2019 (LBO) – An economic growth path that is slower but more stable which invests in communities to strengthen the social foundations for development has been proposed as an appropriate strategy for the North by a newly launched report.The report titled “Economic Development Framework for a Northern Province Master Plan” suggests a two-pronged strategy on […]

Planters’ Association of Ceylon reiterates that Rs. 750 daily wage final

Feb 19, 2019 (LBO) – Planters’ Association of Ceylon reiterates that the new collective agreement between Regional Plantation Companies and estate sector trade unions is already binding. “It does not require any further action from any other stakeholders in order to proceed with the new wage among the RPC sector,” Secretary General of the Planters’ Association, Lalith Obeyesekere said. […]

New website to provide early warning signals for paddy, vegetable producers

Jan 30, 2019 (LBO) – Socio-Economic and Planning Centre of the Department of Agriculture has launched a new website for Sri Lankan farmers, which aims to provide updated information in order to educate them to make productive decisions regarding their crops. This website is a useful information source for farmers, consumers, agricultural producers and food processing institutions […]

Plantation companies agree to increase basic wage of plantation workers to Rs700

Jan 25, 2019 (LBO) – Sri Lankan Plantation Companies and trade unions have agreed to increase the daily basic wage of plantation workers to 700 rupees with an additional 50 rupees under the Price Share Supplement (PSS). Further, 100 million rupees will also be allocated to the Plantation Companies out of the funds of Tea […]

” armyworm cannot be practically eradicated: UNFAO

Jan 24, 2019 (LBO) – Food and Agriculture Organization of the United Nations (FAO) says that the Fall Armyworm (FAW) known as ‘Sena’ cannot be practically eradicated once established in a new area and it becomes one more pest that farmers need to learn about and manage.In the absence of natural control or good management, the FAW can […]

Sri Lanka Army leads flood relief work in the North

Dec 27, 2018 (LBO) – Sri Lanka Army have rescued a number of people stranded due to the prevailing adverse weather condition in the Kilinochchi and Mullaitivu districts that experienced a heavy rainfall resulting in flooding. Army troops have commenced providing immediate rescue and relief assistance, evacuation and relocation, medical assistance, cooked meals and other […]

JICA extends its support to recyclable waste flow in Sri Lanka

The Japan International Cooperation Agency (JICA) successfully held “Waste Flow & Recycle Industry Survey, and Information Dissemination Seminar” together with Central Environmental Agency (CEA). JICA has been conducting waste management project namely “Pollution Control and Reduction of Environmental Burden in Solid Waste Management” in Sri Lanka from February 2017 to February 2019. In cooperation with […]

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