Sri Lanka falls on Open Budget Index 2015, says Verité

Sep 10, 2015 (LBO) – Sri Lanka has ranked among countries in the world that provides the public with minimal budget information, a new survey showed.International Budget Partnership released its latest survey which measures the state of budget transparency, participation, and oversight in 100 countries around the world. The Open Budget Index measures the level […]

Sri Lanka, Australia bilateral trade up 18-pct in 2014

Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian High Commissioner in Sri Lanka said.Speaking at a recent event High Commissioner Robyn Mudie said the bilateral trade in goods has reached 420 million Australian Dollars in 2014.“Our […]

Speaker declares ITAK leader Sampanthan as opposition leader in Parliament

Sep 03, 2015 (LBO) – Speaker Karu Jayasuriya has declared ITAK group leader R.Sampanthan as the opposition leader of the 8th Parliament.The speaker reveled Parliament that the UPFA has not forwarded any name for the post of the opposition leader. Meanwhile the motion to increase the Cabinet Ministerial posts up to 48 is to be […]

JVP national list MP Mayadunne to resign from Parliament

Sep 03, 2015 (LBO) – JVP national list Parliamentarian and former Auditor General SC Mayadunne says he has decided to resign from Parliament.Speaking to LBO, Mayadunne said he is preparing to make a special statement in Parliament today. “I requested the speaker to allow me to make a statement in Parliament today regarding my resignation […]

Sri Lanka Freedom Party needs to restructure completely: President

Sep 02, 2015 (LBO) – Sri Lanka Freedom Party needs a complete restructuring in order to gain back power in the future, President Maithripala Sirisena said. “To win the next election and to form a government in the future, we need to give birth to a legitimate political child,” President Sirisena said. Speaking at the […]

Sri Lanka joins Budapest Convention on Cybercrime

Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office said.Sri Lanka is the first country in South Asia, and only the second in Asia after Japan, to join this Convention. The country ratified the convention on 29 […]

Ceylon Motor Traders set standards for vehicle deals in Sri Lanka

Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]

Sri Lanka’s new foreign policy to focus Asian centric middle path: President

Sep 01, 2015 (LBO) – Sri Lanka’s new unity government will focus on building an Asian centric middle path as the foreign policy of the country, President said. “Openness and friendliness will be the base of our foreign policy.This is the century of Asia; so from now my government will be more focused on Asian centric […]

Sri Lanka’s eighth Parliament convenes, Karu Jayasuriya new speaker (Updated)

Sep 01, 2015 (LBO) – Sri Lanka’s eighth Parliament convened Tuesday morning with the appointment of former cabinet minister Karu Jayasuriya as the new speaker of the house. Prime Minister Ranil Wickremesinghe proposed Jayasuriya’s name and former opposition leader Nimal Siripala de Silva seconded it. After the taking of oath or affirmation all members present, […]

Time to focus on areas other than human rights: Mangala

Aug 31, 2015 (LBO) – Sri Lanka needs to focus on areas other than human rights in order to ensure long-term peace and stability, Foreign Minister Mangala Samaraweera said. Addressing diplomats based in Colombo recently, Samaraweera said the key to ensuring long-term peace and stability and preventing the recurrence of conflict is through strengthening the […]

Tony Blair identifies seven principles for Sri Lanka’s reconciliation

Aug 28, 2015 (LBO) – Former British Prime Minister Tony Blair delivering the Lakshman Kadirgamar memorial lecture recently outlined seven principles for a successful reconciliation process. “I think I can identify, based on my experience not only in Northern Ireland but elsewhere, seven principles of successful reconciliation,” First principle is the continued absence of conflict, […]

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