Author: Ishara M Gamage
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 […]
Low Value
May 2 (LBO) — A lower than expected valuation of prime commercial property belonging to Sathosa may delay its sale to a state bank, a top official said.The chief government valuer has assessed the 225 perches property at Union Place at a much lower price than originally expected by the trade ministry, an official said. […]
Government abandons plan to sell Union Place land through open auction
Mar. 16 (LBO) — The trade ministry had abandoned an earlier plan to sell a prime commercial property in Colombo belonging to a state trading agency by open auction, and instead decided to transfer the land to a government bank, an official said.Trade Ministry Secretary R M K Ratnayake says the Union Place land belonging […]