Author: Ishara M Gamage
Sri Lanka ruling party senior as PM
Apr 21, 2010 (LBO) – Sri Lanka’s ruling party named its most senior member Disanayaka Mudiyanselage Jayaratne as the prime minister amid speculation that a cabinet of ministers that is now taking shape will be re-shuffled by year-end. Rajapaksa has pledged to trim the cabinet to about 35 ministers after running his previous administration with […]
Sri Lanka calls for world pressure on Tamil Tigers
April 20, 2009 (LBO) – Sri Lanka’s top defence official has called on the international community and the United Nations to put pressure on Tamil Tiger rebels to lay down arms and surrender.He said the latest influx of refugees from the small strip of land remaining under rebel control showed the civilians wanted to escape […]
Sri Lanka state textile firm to be revived
April 03, 2009 (LBO) – Lanka Salusala, a partly operational Sri Lankan state textile firm which is overstaffed and debt ridden, is to be closed down and re-started as a new business entity. Textile development minister Mahinda Rathnathilaka said the firm will be revived as there are many legal issues relating to its liquidation. “We […]
Sri Lanka EPF pension fund may allow early withdrawal
Mar 09, 2009 (LBO) – Sri Lanka’s Employee’s Provident Fund (EPF) which forcibly takes a part of the salary of a private sector worker for ‘management’ by the state may allow partial withdrawals of balances if new proposals become law, officials said. Up to now desperate private workers hit by high inflation created in the […]
Sri Lanka state textile firm to shed staff
Jan 22, 2009 (LBO) – A partially operational state textile firm which is overstaffed and debt ridden would be restructured with about half its workers being laid off, an official said. Sri Lanka’s overstaffed state-run firms eat up billions in tax-payer money. Lanka Salusala Ltd now has 298 workers. The firm’s board of directors was […]
Sri Lanka hikes defence spending for next year
Oct 01, 2008 (LBO) – Sri Lanka’s government plans to allocate 177.1 billion rupees next year for its defence forces whose campaign against the Tamil Tigers is intensifying, according to the appropriation bill published by the finance ministry. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Most […]
Sri Lanka to debate troubled state airline, public officer: lawmaker
Sept 16, 2008 (LBO) – Sri Lanka’s parliament will debate the issues of a state-run budget airline that has been eating up peoples’ money and a senior public official who was faulted by courts, an opposition lawmaker said. Jayasundera immediately offered to resign but the government has not accepted his resignation. Sri Lanka’s controversial Mihin […]
Sri Lanka state budget airline asks for more cash
Sept 11, 2008 (LBO) – Sri Lanka’s troubled state-run budget carrier Mihin Air is to ask for another three billion rupees in peoples’ money in the next budget to revive operations, an official said.The airline is now without aircraft after having lost its start-up capital and also money borrowed from state-run Bank of Ceylon, and […]
Coin Issue
Aug 14, 2008 (LBO) – Sri Lanka will issue special coins commemorating the runner-up of the last cricket world cup, an official said.Sri Lanka’s central bank will issue a Nickel plated steel coin with a denomination of 5 rupees and depicting a bowler. A brass plated steel coin with a face value of 1,000 rupees […]
Sri Lanka to get new government office complex
Aug 08, 2008 (LBO) – Sri Lanka’s trade ministry and the urban development authority plan to build a 15-story government complex in the suburb of Rajagiriya, just outside the capital Colombo, ministry secretary R M K Ratnayake said.The cost of the project will be around three billion rupees which will be allocated by the state […]
Inflating Luck
July 22, 2008 (LBO) – The Sri Lankan government is going to double the prices of lottery tickets from September onwards. The national lotteries board and the development lotteries board have an effective duopoly on selling lotteries in Sri Lanka. Updated National Lotteries Board chairman A De vass Gunewardena says that the last price revision […]
Restructuring
July 20, 2008 (LBO) – Sri Lanka’s state radio will shed up to 400 excess employees by giving them a million rupee severance package senior officials said, while the broadcaster was reeling under mounting losses.At the moment it has 1,068 employees and most of the excess is in the transport and security divisions, officials said. […]