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Sri Lanka falling short on HRC commitments, says report
June 06, 2016 (LBO) – Sri Lanka is falling short on commitments made at the Human Rights Council on addressing the legacy of war and implementing peace and reconciliation measures, the Sri Lanka Campaign said, releasing a score-card on steps taken so far. The government responded to OHCHR Investigation on Sri Lanka (OISL) findings by […]
Norway to ban all fuel-based cars by 2025
June 06, 2016 (LBO) – Norway will ban the sale of fossil fuel-based cars by 2025, with politicians from both sides agreeing that cars need to run on green energy, reports said. The report follows the announcement that Norway will become the first country in the world to commit to zero deforestation, the Independent reported. […]
Blast at Sri Lankan armoury kills one soldier, thousands evacuated
June 06, 2016 (LBO) – One soldier was killed and thousands of people were evacuated after an explosion on Sunday at the Salawa Army Camp, where one of Sri Lanka’s largest ammunition stores is located. Explosions at the army camp continued for more than five hours and the blasts were heard 12 km away, local […]
IMF approves 36-month EFF facility of USD1.5 Bln to Sri Lanka
June 04, 2016 (LBO) – The Executive Board of the International Monetary Fund (IMF) has approved a 36-month Extended Fund Facility (EFF) to Sri Lanka for 1.5 billion dollars, to support the country’s economic reform agenda, the IMF said. The arrangement aims to meet balance of payments needs arising from a deteriorating external environment and […]
JVP protest against recent VAT hike
JVP on Friday held a protest march against recent VAT hike…
Sri Lanka’s Central Bank to sell USD200mn development bonds
June 03, 2016 (LBO) – The Central Bank will issue 200 million US dollars development bonds with a tenor of 1 year, 2 years, 3 years and 5 years to local and foreign investors. The Debt Department said the subscription will be at a floating rate of 6 month LIBOR for USD plus a margin […]
‘t be pressured regarding land reclamation: President
June 03, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed officials to adhere strictly when implementing the government’s decision to prohibit unauthorized land reclamation in the Western Province. “I will always stand up on behalf of the officials who are taking the correct decision,” he said and requested those officials to inform him without […]
Radiant Eye Hospital launches web site
Radiant Eye Hospital officially launched its unique website radianteye.lk on Thursday, 2 June 2016. The launch was experienced by healthcare professionals, stakeholders and members of the media. Heading the team is the hospital’s founder Dr. Shamintha Amaratunga, an eye surgeon who has built a reputation for excellence in the field of eye care. Dr. Amaratunga […]
Ethics crucial to business, says SEC Chairman Karunaratne
June 03, 2016 (LBO) – Ethics is crucial to business in the context of redefining our social order, Thilak Karunaratne, the chairman of Sri Lanka’s Securities and Exchange Commission said, speaking to the Junior Chamber International Biz Meet. It is imperative that we “redefine the current social order and revitalize our actions and thoughts in […]