Search Results for: Sri Lankan

BY SWINEETHA DIAS WICKRAMANAYAKE
A SRI Lanka university is talking to foreign mining investors after its geologists discovered a dense iron ore deposit in the south of the island country. Peradeniya University claims that the deposit, in Wellawaya district, has a purity exceeding 90 per cent and is estimated to be about 90 million tonnes in size.…

BY SWINEETHA DIAS WICKRAMANAYAKE
SRI Lanka’s Gem and Jewellery Research and Training institute has carried out a gem deposit survey in a 100 acre reservoir, revealing potential for mining blue and yellow sapphires and geuda rough stones in its silt. The discovery means that a plan to remove silt deposits from the Hasalaka tank, Kandy district, may have additional benefits for public authorities seeking to increase its capacity.…

Keith Nuthall
THE UNITED Nations body established to settle claims made against Iraq because of its illegal occupation of Kuwait in 1991 has awarded a further US$315 million in compensation, bringing the total amount of money paid out under its authority to US$46.6 billion.…

BY SWINEETHA DIAS WICKRAMANAYAKE
SRI Lanka’s National Inventor’s Commission and the country’s ODIRIS Engineering Company are commercialising a pedal power coconut scraper invented by a 14-year-old schoolboy Chatura Madhubashana, whose intermediate technology initiative had won a school district prize.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
SRI Lankan finance company Sadaharitha Investment (Pvt) Limited, has introduced a new scheme – called Thurusetha – encouraging citizens and business to invest in planting mahogany on the island. The company claims that more than 1,000 investors have already signed up, leading to 40,000 trees being planted on more than one hundred and fifty acres in Ratnapura, Colombo and Kalutara districts.…

BY SWINEETHA DIAS WICKRAMANAYAKE
SRI Lanka’s National Inventor’s Commission and the country’s ODIRIS Engineering Company are commercialising a pedal power coconut scraper invented by a 14-year-old schoolboy Chatura Madhubashana, whose intermediate technology initiative had won a school district prize.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
THE BATA Shoe Company of Ceylon has turned around its financial performance, recording an operating profit of SL Rupees 12.4 million (US$130,000) at the end of the 2002-3 financial year, compared with a loss of SL Rupees 31.2 million (US$320,000) at the end of 2001-2.…

BY SWINEETHA DIAS WICKRAMANAYAKE
NORWAY’S TGS Nopec and Sweden’s Petroscan AB are exploring the seas off Sri Lanka for submarine oil deposits, helping the island’s government. Initial results revealed evidence of petroleum and gas deposits in the Palk Straits, the Gulf of Mannar and south of the island.…

BY SWINEETHA DIAS WICKRAMANAYAKA
CEYLON Chocolated Ltd, Sri Lanka’s dominant chocolate company, is launching its premier brand Kandos and its latest introduction Newgen into south India. The company has invested SLRupees 150 million in its production centre at the city of Kandy.…

BY SWINEETHA DIAS WICKRAMANAYAKE
HEALTH conscious Sri Lankan consumers are being offered a Vanilla Diet ice cream by Cold Stores, manufacturers of the Elephant House brand. Sucrose free, it contains 40 per cent less vegetable fat than regular ice creams.…