Author: lbostgadmin
Voted
Jan 11, 2013 (LBO) – Sri Lanka’s parliament has voted to oust chief justice Shirani Bandaranayake in on sharply partisan lines with courts and the opposition parties saying the impeachment process was illegal. Ruling party members however went ahead saying the court ruling amounted to a re-writing of the constitution and not just an interpretation […]
Sri Lanka online tour firm launches Bawa architectural tour
Jan 11, 2013 (LBO) – Trekurious, a Sri Lankan online travel firm has launched a niche architectural tour involving famed Asian architect Geoffrey Bawa and his legacy of ‘Tropical Modernism’ style. “Channa, of course, is the perfect person to host this tour, having worked closely with Bawa himself and being a highly accomplished and lauded […]
Sri Lanka stocks, bond yields up
Jan 11, 2013 (LBO) – Sri Lanka’s stocks closed 0.2 percent higher while bond yields edged higher, brokers and dealers said. The spot US dollar was around 126.25/45 rupees to the US dollar slightly weaker than a day earlier. Stocks closed up 0.25 percent Friday with the All Share Index closed up 14.28 points at […]
Sri Lanka business chambers warn against CJ impeachment
Jan 10, 2013 (LBO) – A move by Sri Lanka’s ruling coalition to impeach chief justice Shirani Bandaranaike through a controversial process which was decided as illegal by courts will harm the country, key business chambers said. She has denied the charges and expressed willingness to face a tribunal where rules of natural justice prevailed […]
Impeachment
Jan 10, 2013 (LBO) – Sri Lanka is to go ahead with the impeachment of chief justice Shirani Bandaranayake amid protests from lawyers as well as opposition parties after courts ruled that a parliamentary probe and its findings were illegal.The chief justice had petitioned court saying she was denied due process. Courts had also ruled […]
‘ Call
Jan 10, 2013 (LBO) – Friday Forum, a grouping of citizens have called upon Sri Lanka’s President Mahinda Rajapaksa to respect the law and abide a court ruling on a planned impeachment of the country’s chief justice.“We urge that your Excellency, as Head of State, recognize and act according to the accepted norm that court […]
Sovereignty
Jan 10, 2013 (LBO) – The Employers’ Federation of Ceylon a grouping of large firms has called for rule of law to be respected ahead of an expected impeachment of the chief justice by parliament which has been declared illegal and unconstitutional by courts.The EFC, an 83 year old body said the sovereignty of the […]
Resting Request
COLOMBO, Jan 10, 2013 (AFP) – Distraught family members of a Sri Lankan maid beheaded in Saudi Arabia have asked for her remains to be flown home, a family friend said Thursday, amid growing anger at the execution. The family of Rizana Nafeek was in shock after hearing of Wednesday’s beheading and was pleading with […]
Guiding Hand
Jan 10, 2013 (LBO) – Sri Lanka’s EDEX 2013 exposition will showcase career and further education opportunities for school leavers with over 350 employers and educational institutes exhibiting, officials said.The exhibition will be held from18 to 20 January in Colombo 25 to 26 January in Kandy. The exhibition will have over 200 foreign universities from […]
Port Costs
Jan 10, 2013 (LBO) – Sri Lanka will borrow 960 million Yuan (153 million US dollars) from China for additional costs to build a port in Hambantota, information minister Keheliya Rambukwelle said.The money will be used for “ancillary works” and the purchase of equipment in the first phase of the project. The first phase of […]
Sri Lanka sells Rs43.1bn in bonds
Jan 10, 2013 (LBO) – Sri Lanka has rolled over 43.1 billion rupees in bonds at average yields slightly lower than the market a day earlier, data from the state debt office showed.The debt office sold 16.3 billion rupees of 5-year bonds maturing on 2018 to yield 10.90 percent slightly lower than the 11.10 percent […]
Collaborative Net
Jan 09, 2013 (LBO) – Sri Lanka’s MAS Holdings has adopted a system provided by MillenniumIT and Dialog Axiata for internal communications for its plants and design centres in 41 locations in 10 countries. MillenniumIT, a unit of the London Stock Exchange group said the Microsoft Lync Server based system hosted by Dialog will allow […]