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More female representation needed in Sri Lanka elections: EU observers
Aug 19, 2015 (LBO) – Sri Lanka had extremely low number of female candidates participating in the general election held this month, European election observers said.Sri Lanka signed key international instruments for equality between women and men, and the principals of equality and non-discrimination are constitutionally protected. “We recommend that efforts are made so that […]
EU monitors say poll well-administered, some rules restrictive
Aug 19, 2015 (LBO) – European Union election monitors said on Wednesday the parliamentary election in Sri Lanka was well-administered and offered voters a genuine choice from among a broad range of political alternatives.“On top of the positive legal changes, these have been the most peaceful elections in Sri Lanka in a long time,” Ignazio […]
Sri Lanka stocks close flat after polls: 30 week high
Aug 19, 2015 (LBO) – Sri Lankan stocks closed flat on Wednesday after parliamentary elections results were announced with the ruling United National Party plegding to form a national government, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,498.78 and the S&P SL20 closed 6.60 points higher at 4,164.31 up 0.16 […]
‘s new government needs to have clarity in economic policy: Fitch
Aug 19, 2015 (LBO) – Sri Lanka’s newly elected govenment should pay close attenttion to greater clarity on economic policy as the change in January had only concentraded on good governance and other reforms, Fitch Rating said. “Improved economic policy credibility and coherence would strengthen Sri Lanka’s resilience to growing investor uncertainty towards emerging Asia,” […]
Sri Lanka’s construction industry lacks proper policy: official
Aug 19, 2015 (LBO) – Sri Lanka’s construction industry policy changes when governments change and this is a major concern facing the industry, a senior official said.“With changes of government we have found that projects awarded during the previous regime are suspended and the new government reviews all the projects,” Surath Wickramasinghe, President of the […]
I will take oaths as new Prime Minister of Sri Lanka with President’s support: Ranil
Aug 19, 2015 (LBO) – The UNP leader and former Prime Minister Ranil Wickremesinghe said he is to take oaths as the new Prime Minister of Sri Lanka and has discussed with the President the way forward.According to sources the oath taking ceremony will be held tomorrow at the Presidential Secretariat.“On August 17th the people […]
UN Secretary General applauds the people of Sri Lanka for peaceful elections
Aug 19, 2015 (LBO) – The UN Secretary-General Ban ki moon has applauded the people of Sri Lanka for the peaceful and broad-based participation in the parliamentary elections of 17 August.In a statement, he commended the President for having shepherded an inclusive process and the Election Commissioner for his exemplary efforts in helping guarantee the […]
‘s ruling UNP wins parliamentary election, eyes national government
Aug 18, 2015 (LBO) – Results of Sri Lanka’s parliamentary election shows the United National Party won enough seats to be the single-largest party in the 225-seat legislature.All eyes are now on how the party aims to move forward to secure a majority and fulfill its pledge to form a national government. The United National […]
Sri Lanka Elections 2015 *** LIVE Commentary ***
Live Updates (highlights): Three Cabinet Ministers took oath before the President. Mangala Samaraweera as the Minister of Foreign Affairs, Wijeyadasa Rajapakshe as Minister of Justice and D. M. Swaminathan as Minister of Rehabilitation. Three contenders for position of Finance Minister with Eran, Harsha and Ravi putting their hands up. Decision would be made today (12.12 […]
Sri Lanka Business Chamber praises poll, congratulates UNF
Aug 18, 2015 (LBO) – Sri Lankans should calmly accept the final outcome of the election and demonstrate respect towards democratic ideals, the top business chamber said, praising its conduct as free and fair. “We sincerely hope that the winners as well as losers will accept the final outcome of this election, in a peaceful […]