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Colombo District Court removes Anura and Susil from posts: Report
Aug 14, 2015 (LBO) – The Colombo District Court has reportedly issued two enjoining orders to Anura Priyadarshana Yapa and Susil Premajayantha calling them to refrain from holding their current positions in the SLFP and UPFA.Duminda Dissanayake has been appointed as Acting General Secretary of the SLFP while Prof.W. A. Wishwa Warnapala has been appointed […]
Sri Lanka stocks close up 0.3 -pct: CSE trading will stop at mid day on 17 Aug
Aug 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.26 percent on Friday, with gains in the financial sector stocks ahead of the key Aug. 17 parliamentary election, brokers said. The Colombo benchmark All Share Price Index closed 19.59 points higher at 7,462.34 up 0.26 percent. The S&P SL20 closed 20.68 points higher at […]
Sri Lanka plans asbestos roofing import ban by 2018: President
Aug 14, 2015 (LBO) – Sri Lanka’s President says the government may ban importing of asbestos roofing by 2017-2018, as it generates health issues to the users. World Health Organization has said that all types of asbestos cause lung cancer, mesothelioma, cancer of the larynx and ovary, and asbestosis (fibrosis of the lungs).“I wanted to […]
Sri Lanka’s ex-President Rajapaksa asks President to respect the will of people
Aug 14, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa in a short letter to President Maithripala Sirisena has asked him to respect the will of the people. Reproduced below is the letter sent to President:
Sri Lanka should respect labor rights to regain GSP+; wage hike alone not enough: GZEU
Aug 14, 2015 (LBO) – Sri Lanka’s Free Trade Zones and General Services Employees Union has called on apparel exporters to protect labor rights to regain the tax concessions under GSP Plus. The union has recalled a meeting held recently with the Prime Minister where apparel exporters agreed to raise wages in order to regain […]
Sri Lanka business chambers make statement on polls
Aug 14, 2015 (LBO) – Sri Lanka’s business chambers and professional bodies have appealed to all political parties and every candidate seeking a mandate in the forthcoming parliamentary elections to be held on the 17th August, 2015 to foster and guarantee communal, racial and religious harmony during the period of elections and thereafter. “We strongly […]
Volkswagen assembly plant to get 8 year tax holiday for USD26.5mn investment
Aug 14, 2015 (LBO) – Sri Lanka’s Board of Investment said the Volkswagen assembly plant, which initially plans to make cars for the local market, will get an eight year tax holiday for an investment of 26.5 million US dollars. The agreement between BOI and sole agent of Volkswagen agent of the Island Senok Automobile […]
India Orders More Tests on Maggi as court lifts ban
Aug 14, 2015 (LBO) – India has ordered further tests on Maggi, a popular noodle brand before the product can go back on sale following a court overturning a government ban on the product, Thursday, foreign media reported.“We have examined the evidence in great detail.Since the petitioner Nestle has already agreed not to make and […]
Samsung launches mobile payment service and two new mobiles
Aug 14, 2015 (LBO) – Samsung on Thursday introduced a new mobile pay service called Samsung Pay making it easier for users to pay for goods and services. This new service will be available in Korea on August 20 and in the US on September 28, addressing an event in New York City, head of […]
International Youth Day 2015 Celebrations in Colombo
State Ministry of Youth Affairs and the United Nations jointly organise event to mark IYD 2015 (UN Press Release) – Colombo, 12th August, 2015 – The International Youth Day, which falls annually on the 12th August 2015, was marked by an event conducted by the United Nations (UN) in Sri Lanka in collaboration with the […]