Author: Gayan Chandrasekara
Sri Lanka’s Parliament to debate no confidence motion against Finance Minister on July 06
June 16, 2015 (LBO) – Sri Lanka’s Parliament is to debate no confidence motion against Finance Minister on July 06, Leader of Mahajana Eksath Peramuna, Dinesh Gunawardena told LBO. The decision has been taken at a party leaders meeting held today. “We opposed the date because the debate will get delayed for another month.They had […]
Sri Lanka Freedom Party appoints committee to cooperate with Mahinda Rajapaksa
June 16, 2015 (LBO) – Sri Lanka Freedom Party on Tuesday appointed a six member committee to cooperate with former President Mahinda Rajapaksa, General Secretary of SLFP Anura Priyadarshana Yapa told LBO. The six member committee led by John Seneviratne also includes Dilan Perera, T.B. Ekanayake and Kumara Welgama. Anura Priyadarshana Yapa and Susil Premajayantha […]
Sri Lanka’s Power Minister pays double for coal purchase: Udaya Gammanpila
June 16, 2015 (LBO) – Sri Lanka’s Power Minister is currently paying almost double for the purchase of coal at current world prices, Western Provincial Councilor Udaya Gammanpila charged.Gammanpila, who broke away from the JHU at the last Presidential election, accuses his former ally Champika Ranawaka for intervening an alleged tender deal saying it is a mega deal. According […]
Sri Lanka securities regulator to allow short selling in equity markets
June 16, 2015 (LBO) – Sri Lanka’s securities watchdog, the Securities and Exchange Commission says it is currently looking at the regulatory frame work to allow short selling in the equity markets. “We are thinking of short selling for the equity market with certain guild lines.” Director General of the Securities and Exchange Commission, Vajira […]
‘s cabinet approves 20th Amendment with 237 parliamentary seats
June 12, 2015 (LBO) – Sri Lanka’s cabinet on Friday morning approved a new proposal to the 20th Amendment which increases the number of parliamentary seats to 237 from the current 225.Under the approved system 145 Parliamentarians will be elected under the first past the post system, 55 under the district proportional representation system and […]
‘s constitutional council to function without civil representatives
June 11, 2015 (LBO) – Sri Lanka’s constitutional council will be able to meet and function even without filing the vacant seats of the ten member constitutional council, Cabinet Spokesman Minister Rajitha Senarathne said.The Parliament is yet to agree on the three civil society representatives that has been nominated by both the Prime Minister and […]
Sri Lanka government revenues up 21-pct over the first five months of 2015
June 10, 2015 (LBO) – Sri Lanka’s government revenues have increased 21 percent over the first five months of this year against the same period last year, Deputy Minister of Policy Planning Dr. Harsha de Silva told Parliament Tuesday. As per the latest data the government has collected 492 billion rupees by May 2015 against […]
Asian debt markets quadruples over the past seven years: HSBC Official
June 08, 2015 (LBO) – Asian debt capital markets have quadrupled over the past seven years and growth momentum will continue in the years to come, a HSBC official said.“It would be incorrect to say that debt market can’t grow at a frantic pace,” Kartik N, Director Debt Capital Markets of Asia Pacific at HSBC […]
Sri Lanka up 5 notches in World Happiness Report 2015
Apr 24, 2015 (LBO) – Sri Lanka’s happiness has climbed five places to rank at 132 position bagging 4.271 points in the latest World Happiness Report published on Thursday. The country was ranked 137th in the second edition of the report published in 2013. Switzerland topped the ranking while Iceland bagged the second place in […]
Sri Lanka’s computer literacy tops one fourth of population
Apr 01, 2015 (LBO) – A recent survey has found that one fourth of Sri Lanka’s population is computer literate and 22 percent of households have at least one computer. The survey conducted by the census and statistics department shows that computer literacy in Sri Lanka has been gradually increasing since 2006/07. The study measured […]
Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally
Mar 27, 2015 (LBO) – Sri Lanka Freedom Party general secretary told LBO that the party is yet to decide a disciplinary action against parliamentarians who participated in a pro-Mahinda rally. “We haven’t taken any decision on that yet, I can’t decide it my own, that’ll be decided at a party meeting in the future.” […]
Ultra small computer by Intel; first look in Sri Lanka
Mar 27, 2015 (LBO) – Sri Lankan media on Thursday got a rare opportunity to experience a factory model of an ultra small computer design built by Intel Corporation which will be unleashed in the coming months. This pocket-sized computer called ‘Intel compute stick’ is a device delivering an entry compute experience by plugging directly […]