Author: lbostgadmin
Sri Lanka deploys troops at free-trade zone
June 3, 2011 (AFP) – Sri Lanka deployed heavily-armed troops around the country’s main free-trade zone on Friday as tension mounted ahead of the weekend funeral of a factory worker shot dead by police, officials said. Soldiers were placed in the Katunayake zone, just next to the country’s only international airport where a range of […]
Sri Lanka judicial independence seen weakening
June 03, 2011 (LBO) – The International Bar Association’s human rights arm said it was concerned over what it called “the increasing erosion of judicial independence in Sri Lanka.” The association’s Human Rights Institute (IBAHRI) said recent and planned changes to the island’s constitution could undermine the independence of the judiciary. The International Bar Association’s […]
Sri Lanka monks join anti-pension protests
June 3, 2011 (AFP) – Hundreds of Buddhist monks took to the streets of Sri Lanka’s capital Friday to express solidarity with factory workers protesting a controversial pensions bill. The legislation sparked clashes with police on Monday in which a factory worker was fatally shot and more than 150 were wounded. Saffron-robed clergy marched to […]
” war crime claims
June 2, 2011 (AFP) – Sri Lanka’s top military commander offered on Thursday to probe “specific allegations” of war crimes during the country’s fight against Tamil Tiger separatists that ended two years ago. Lieutenant General Jagath Jayasuriya said no civilians were killed by his forces, but he was open to investigating alleged rights abuses in […]
India opens new probe into possible telecom scam
NEW DELHI, June 2, 2011 (AFP) – India, reeling from a telecom graft scandal that has forced the resignation of one minister, is conducting an investigation into the actions of his predecessor in the job, police said Thursday. India’s top federal police agency said it was conducting a “preliminary investigation” into the activities of former […]
Cinema Expansion
June 03, 2011 (LBO) – CT Land Development, owners of the Majestic City shopping mall in Sri Lanka’s capital Colombo is building three cinemas on its fifth floor which is now vacant, chairman R Selvaskandan has said. Income tax saw a reversal of 25 million rupees compared to a charge of 46 million rupees a […]
Sri Lanka shares end up 0.4-pct
June 03, 2011 (LBO) – Sri Lankan shares ended higher after four days of falls with trade dominated once again by Colombo Land & Development Company, brokers said. The main All Share Price Index closed at 7,406.02, up 0.41 percent (30.12 points) while the more liquid Milanka index rose 0.11 percent (7.43 points) to close […]
Sri Lanka state withdraws controversial pension bill
June 03, 2011 (LBO) – Sri Lanka minister of labour has withdrawn a proposed law to build a third state controlled pension fund from the salaries of private sector workers, following protests that left at least one worker dead. Sri Lanka’s labour minister Gamini Lokuge has formally withdrawn the bill, the department of labour said […]
Sri Lanka pension bill protestor dies
June 02, 2011 (LBO) – A Sri Lankan worker who was shot while protesting a state plan to deduct more money from private sector worker salaries to build a new state-controlled pension fund has died as the country’s police chief stepped down. The proposed plan would see deductions going up further. Sri Lanka’s state workers […]
‘s lift for Sri Lanka
LONDON, June 2, 2011 (AFP) – Stuart Law faces the sternest challenge of his brief stint as Sri Lanka interim coach as he tries to get the side back on track following their stunning first Test collapse. The series opener seemed destined for a draw when rain washed out the final morning of in Cardiff […]
Sri Lanka Allianz unit opens branch in former war zone
June 02, 2011 (LBO) – Allianz Lanka, the Sri Lankan unit of Allianz SE, has opened a branch in northern Jaffna whose economy is recovering from the effects of the island’s 30-year ethnic war. Allianz in Jaffna provides the people with life and general insurance solutions, a company statement said. Despite not having had a […]
SriLankan Airlines moves to meet EU emissions rules
June 02, 2011 (LBO) – SriLankan Airlines said it has satisfied a key environmental requirement of the European Union (EU) on monitoring of aircraft emissions and was in talks to get carbon credits to ensure full compliance. SriLankan Airlines’ Aircraft Emissions Monitoring System, developed by the airline itself, was approved by the EU on April […]