Author: Gayan Chandrasekara
Hybrid court could address some issues: Weliamuna. New resolution a victory: Harsha
Oct 13, 2015 (LBO) – Sri Lanka required a hybrid court to investigate alleged human rights violations committed during the last stage of war, a human rights lawyer said.“When they are proposing a hybrid court, as an experienced lawyer I liked it,” Chairman of Transparency International of Sri Lanka J C Weliamuna said. “I believe […]
Sri Lanka vehicle prices to increase with new customs valuation basis
Oct 08, 2015 (LBO) – Sri Lanka’s finance minister has signed an extraordinary gazette to change the basis on which customs calculates the value of certain motor vehicles, and prices of some vehicles may increase by almost 50 percent, car dealers said.With this order the actual transacted FOB value of the vehicle has been excluded […]
Microsoft unveils its first ever laptop, Surface Book
Oct 07, 2015 (LBO) – Microsoft today unveiled its first ever laptop, the Surface Book as part of its new product package designed especially for windows 10. Surface Book is a powerful laptop combining a 6th Gen Intel Core i5 or i7 processor with up to 16GB of memory and an optional discrete graphics chip. […]
Sri Lanka should be a trading country; no balancing acts: Harsha
Oct 06, 2015 (LBO) – Sri Lanka should be a trading country and there is no need of a balance between manufacturing and trading, Deputy Foreign Minister Harsha de Silva said. “Some say there must be a balance between manufacturing and trading. I don’t believe in this balancing. We have to go down to the […]
Sri Lanka’s island-wide blackout a technical fault: CEB
Sep 28, 2015 (LBO) – Sri Lanka’s Power Minister Ranjith Siyambalapitiya has ordered CEB to investigate the reason behind the island wide power failure experienced last midnight.CEB Chairman Anura Wijepala told LBO that the investigation is currently underway.“It happened last midnight. However by 4’o clock in the morning we restored the power supply.” Wijepala said. […]
Sri Lanka’s dream as a Maritime Hub has associated challenges
Sep 28, 2015 (LBO) – Sri Lanka’s first ever international maritime conference concluded over the weekend leaving policy makers an array of thoughts on how to transform the island into a Maritime Hub. The country legislated Colombo and Hambanthota ports as Free Ports two years ago but criticism over its prologue echoed at the recently […]
Sri Lanka Customs to implement Single Window System by end 2015
Sep 27, 2015 (LBO) – Sri Lanka Custom’s Single Window System is to be implemented by the end of this year, Finance Ministry said in a statement.The system enables the economic operators and trading partners to submit all import, export and transit information required by regulatory agencies via a single electronic gateway. Single window operation […]
Sri Lanka envoys in Geneva return to their old tricks: Human Rights Watch
Sep 24, 2015 (LBO) – Sri Lanka’s envoys in Geneva have returned to their old tricks by proposing amendment after amendment to the US backed draft resolution, Human Rights Watch said. Geneva Advocacy Director of Human Rights Watch, John Fisher said China, Russia, and Cuba under the guise of ‘constructive engagement’ have endorsed Sri Lanka’s […]
Portfolios and functions of Ministers gazetted; CBSL, SEC, ETF under PM
Sep 22, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe has taken several important financial institutions under his purview, as per the gazette notification published on the subjects under each minister. The Prime Minister as the Policy Planning and Economic Affairs Minister has taken the Central Bank, the Securities and Exchange Commission, the Employees Trust Fund […]
UN Human Rights report on Sri Lanka is well crafted and sober: FM Mangala
Sep 17, 2015 (LBO) – The UN Human Rights report published yesterday is a well-crafted and sober report which itself says it is not a criminal investigation, Foreign Minister Mangala Samaraweera said.Speaking at a press briefing in Colombo Samaraweera told reporters that the report gives the narrative that some of the Human Rights violations or […]
Sri Lanka economy grew 6.7-pct in Q2 2015
Sep 16, 2015 (LBO) – Sri Lanka’s economy has grown 6.7 percent in the second quarter of 2015 against the 6.4 percent growth rate recorded in the first quarter, the statistics department said.Agriculture sub sector has grown by 5 percent, industry by 2 percent and services by 7.9 percent, the department said. After a re-basing […]
Sri Lanka export financing can drive export growth: Verité Research
Sep 15, 2015 (LBO) – Sri Lanka should recognize the importance of export financing especially with regard to the small and medium scale sector to expand existing exports to the world, Verité Research said.Sri Lanka’s share of exports to GDP was 15 percent last year and has been on a declining trend since 2000.The research […]