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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2400

Monthly archive

Chaos at PAC meet: Draft report on 2G scam rejected

A meeting of the Parliament’s Public Accounts Committee descended into chaos on Thursday after the United Progressive Alliance managed to secure the support of the Samajwadi Party and the Bahujan Samaj Party to obtain a surprising majority which “rejected” the draft report on the 2G scam that was sharply critical of Prime Minister, his office and others.

Sri Lanka to build 210 Bridges to provide access to village population.

Sri Lanka is to build 210 permanent bridges to connect rural areas to facilities the transport of food, vegetable grown in the villages and various materials produced in the rural areas. At present due to lack of proper facilities to cross the rivers and lakes and it is being done on trekking over logs placed across bridges or using canoes many of the villagers are unable to market their products. The step to construct these bridges has been taken in fulfilment of a pledge

Stockholm meet approves move to ban production of Endosulfan

The conference of parties at the Stockholm Convention on Friday approved the draft proposal for elimination of production and use of endosulfan and its isomers worldwide, subject to certain exemptions. The decision will not be binding on India unless specifically ratified by the country.

Proposed Bill for ‘Employees’ Pension Benefits Fund” challenged in SC alleging it is unjust and deceitful

The Supreme Court yesterday (29) fixed for support on May 2 for its determination on the plea the impugned proposed Bill for ‘Employees’ Pension Benefits Fund” which is alleged to be unjust and deceitful.

Apex court won’t interfere in panel for drafting Lokpal Bill

The Supreme Court has refused to interfere in the constitution of the joint committee for drafting of the Lokpal Bill to fight corruption, saying the petitions were "premature".

Milanka Price Index (MPI) continues to decline at Colombo

Colombo All Share Price Index (ASPI) gained while Milanka Price Index (MPI) continued to decrease amidst blue chip stocks’ dip. Renewed interest was witnessed in stocks such as Lankem Ceylon (LCEY), Brown & Company (BRWN) and Colombo Fort Land (CFLB). Investor participation has drastically come down since March according to brokers Possible positive interim results may break the dull momentum.

Sri Lankan Air Taxi has acquired its second floatplane

Sri Lankan Air Taxi has acquired its second floatplane to expand its domestic air travel operations said its parent company Sri Lankan Airlines.

Sri Lanka: Left-handed Golfers form Association

Left-handed golfers in Sri Lanka have come together to form the National Association of Left-handed Golfers Sri Lanka (NALG-SL) on the lines of similar associations in many golf playing countries. Accordingly the new association, which already has 75 members, has secured affiliation with the World Association of Left-handed Golfers (WALG)c that was formed in 1979

The winners of the Sri Lanka’s Royal Wedding Facebook competition announced

Colombo, 29 April 2011, ( The winners of the Sri Lanka’s Royal Wedding Facebook competition were announced on Thursday, the eve of the wedding of Prince William and Catherine Middleton’s.

Sri Lanka’s main opposition ridicules the government over Moon’s panel report

Sri Lanka’s main opposition party United National Party (UNP) parliamentarian Lakshman Kiriella has ridiculed the government for first recognizing the UN expert panel and then questioning its authority after coming to know the disadvantageous report it has filed.

Indian Axis Bank to enter Sri Lanka

Sri Lanka’s bank regulator has granted the provisional approval to India’s third largest private bank , Axis Bank to set up a unit in Sri Lanka.

"C’ Wealth support for SMEs & IP is most welcome"-Minister Bathiudeen

The interest of the Commonwealth (CW) in continuing its long partnership with Sri Lanka in providing technical assistance, particularly in the area of trade has been highly supportive to the Ministry of Industry and Commerce, for which I am grateful. CW’s linkages, I believe, will continue to support our development further, said Rishad Bathiudeen, Minister of Industry and Commerce. Minister Bathiudeen was addressing a visiting CW Delegation at the Ministry premises in Colombo on Thursday 28.

Sri Lanka market regulator relaxes 10% price band

Sri Lanka’s market regulator has yesterday (28th ) directed the Colombo Stock Exchange to subject public listed Companies captured under the formula to a 10% price band for 05 market days only until further notice.

Pilots strike results in Rs 26 crore loss for Air India

Air India has incurred an approximate loss of Rs 26.5 crore in the past three days due to the pilots' strike which forced it to cancel at least 280 flights.