Author: Ishara M Gamage
Sri Lankan Airlines and Mihin to be jointly run: officials
April 21, 2008 (LBO) – Sri Lankan Airlines and Mihin Air would be commercially run together after new chief executives take-over but the two airlines would remain as separate entities, officials said. But the government has so far not given him permission to leave the airline, he said. G T Jayaseelan, SriLankan’s former head of […]
Sri Lanka Muslim lawmakers resign to contest provincial poll
April 02, 2008 (LBO) – Three members of Sri Lanka Muslim Congress (SLMC), a minority Sri Lankan political party, have resigned their parliamentary seats to contest the forthcoming provincial council poll in the eastern province. . The party has a strong base in Eastern Sri Lanka where a sizable population of Muslims live. SLMC leader […]
Tele Case
Feb 25, 2008 (LBO) – Legal action against the sale of Sri Lanka Telecom shares held by Japan’s NTT is to continue despite the death of the original petitioner, a reporter at the courthouse said. The next hearing of the case would be on March 10. Sri Lanka’s supreme court halted the sale of shares […]
Foreign Boost
Feb 14, 2008 (LBO) – Sri Lanka’s Sanasa Development Bank, which has roots in the micro-finance sector, will get cash from foreign partners to meet regulatory capital requirements, an official said. A unit of Singapore’s Orient Global has injected 71 million rupees in Sanasa and has received the regulatory nod to invest up to 15 […]
Sri Lanka to take action against Marvan after second test
Nov 13, 2007 (LBO) – Sri Lanka would take action against batsman Marvan Atapattu after the second test with Australia, a top official said. Sri Lanka Cricket interim chief Jayantha Dharmadasa told LBO that the decision was taken Monday. Atapattu was quoted by the media as saying that Sri Lanka’s cricket selectors were a “set […]
Sri Lanka to buy 200MW of private power
Nov 09, 2007 (LBO) – Sri Lanka will shortly call for the supply of 200MegaWatts of private power to bridge an energy deficit until a coal plant comes on stream, officials said. Energy Minister John Seneviratne told LBO that the cabinet of ministers had given the nod to call for proposals from existing independent power […]
Sri Lanka military to target Tiger leaders
Nov 02, 2007 (Vimasuma.com) Sri Lanka’s military would continue to target the Tamil Tiger leadership based on intelligence, a top defence official said, after the guerrillas’ political chief was killed in an air raid Friday. The Tamil Tigers said today its political head S P Thamilchelvan and five others were killed in a dawn air […]
Later Later
Sept 14, 2007 (LBO) – The hearing of the case on the sale Sri Lanka Telecom shares by its Japanese shareholder has been put off till November 22, lawyers said. Lawmaker Sripathi Sooriyarachchi who was sacked earlier in the year as a minister by President Mahinda Rajapakse, went to court alleging that the sale caused […]
Sri Lanka Freedom Party strongman forms new political wing
June 19, 2007 (LBO) – Two former ministers of the main ruling party in Sri Lanka said they are forming a new political wing, after crossing over to sit in opposition benches Tuesday, deepening divisions in the ruling coalition. . The Sri Lanka Freedom Party- Mahajana Wing or ‘Peoples’ Wing’ would be formally launched Friday, […]
‘s national heritage again
February 22 (LBO) – Sri Lanka’s sacked national heritage minister Anura Bandaranaike has been re-appointed to his former post Thursday, a spokesman from the presidential secretariat said. Bandaranaike was removed with former aviation minister Mangala Samaraweera and Sripathi Sooriyarachchi.
Price Tactics
February, 13 (LBO) – Ceylon Petroleum Corporation will hold fuel prices steady this month with the help of a tax cut on petrol, a top official said. The CPC is expecting a 5 rupee temporary lifting of excise duty on a litre of petrol, CPC Chairman Ashantha de Mel said. The CPC would have made […]
Crossover pressure mounts in Sri Lanka as opposition runs out of options
January 23, (LBO) – Around 18 opposition parliamentarians will crossover to the government by Monday in the first round, if a cabinet re-shuffle takes place over the weekend, a United National Party ‘Karu’ faction official said. The LTTE also split in two after it stopped fighting the government during the ceasefire agreement. Parliamentarian Rajitha Senaratne […]