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“Timelines evolved externally would hinder process of reconciliation”: SL tells UN Security Council
Feb 17, 2020 (LBO) – “Timelines evolved externally in achieving stated objectives would only seek to hinder the process of reconciliation since they would be bereft of ground realities” emphasized Sri Lanka’s Permanent Representative to the United Nations Ambassador Kshenuka Senewiratne. She was speaking at a one day debate at the UN Security Council titled […]
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Sri Lanka takes strong objection to US travel ban on Lt. Gen. Silva & family
Feb 15, 2020 (LBO) – The Government of Sri Lanka takes strong objection to the imposition of travel restrictions on Lt. Gen. Silva and his immediate family members by the Government of the United States, based on independently unverified information. The Government reiterates that Lt. Gen. Shavendra Silva was appointed as the Commander of the […]
National Salaries Commission established to formulate national policy
Feb 14, 2020 (LBO) – A National Salaries Commission has been established to provide guidance and assistance to the Government in formulating and executing a National Salaries Policy. The Commission has been established by President Gotabaya Rajapaksa in accordance with the powers vested upon him under Article 33 of the Constitution. With the establishment of […]
Ministry of Social Security signs MoU with Cargills & Keells
A Memorandum of Understanding was signed today between a number of parties, on an initiative of the Ministry of Social Security. The event was held at the Auditorium at the Ministry of Social Security and was graced by the presence of the Minister Pavithra Wanniarachchi, the State Minister Tharaka Balasuriya, and senior officials from all […]
US State Secretary designates Shavendra Silva for alleged HR violations
Feb 14, 2020 (LBO) – The US State Department has designated Lieutenant General Shavendra Silva, current Commander of the Sri Lanka Army and Acting Chief of Defense Staff for alleged violations of human rights during the final phase of Sri Lanka’s Civil War in 2009. Issuing a press statement, Secretary of State Michael R. Pompeo […]
‘s Hemas Group profit down 5-pct in 3Q amid on-going recovery
Feb 14, 2020 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 974.7 million rupees in the third quarter, down 4.9 percent from a year earlier, interim accounts showed. On a year-to-date basis, the Group’s performance has been impacted by the aftermath of the […]
Colombo Fashion Week introduces Responsible Meter for garments
Colombo Fashion Week introduces a first-of-its-kind audit system, the Responsible Meter, where every garment presented on the ramp will have a Responsible score making it accountable and transparent. Responsible Meter as it is called was developed in association with the Responsible Fashion Movement (RFM). A special panel appointed by CFW and RFM, trained and briefed […]
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last year’s ranking, 97. The President, in his Independence day address to the nation promised “I not only respect your freedom, but I will work towards improving it and […]
Private sector consultation to mobilize domestic investment for SDGs
A private sector consultation has been organised to initiate a dialogue on mobilizing domestic investment for the Sustainable Development Goals (SDGs) by the Ceylon Chamber of Commerce, in collaboration with Janathakshan (GTE) Ltd, and the Centre for Environment and Development (CED). The event will be on 17th February, from 2.00-6.00 pm at the Ground Floor […]