Author: lbostgadmin
‘s former President rejects holding secret offshore accounts
Apr 20, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa has rejected that he has any illegal or secret offshore accounts in any foreign bank, a press release issued by the former President said. “I would like to categorically state for the information of the public that neither I, my wife nor my sons […]
‘s parliament adjourns following a tense situation
Apr 20, 2015 (LBO) – Sri Lanka’s parliament on Monday adjourned following a tense situation that irrupted in the chamber with opposition parliamentarians staging a protest against a move to summon former President Mahinda Rajapaksa.Disaster Management Minister, A.H.M Fowzie told LBO that the speaker has adjourned parliament till Tuesday morning.“A group of opposition parliamentarians are […]
“Parliament is disturbed”: Harsha de Silva
Apr 20, 2015 (LBO) – A group Sri Lanka’s United Peoples Freedom Alliance parliamentarians, led by Bandula Gunawardene are protesting by seating on the floor of the chamber saying that the Bribery Commission of Sri Lanka do not have powers to summon and question former president Mahinda Rajapakse, Harsha de Silva said in his Facebook […]
Asia must lift productivity for higher growth and wellbeing, human development is critical: ADB
Apr 20, 2015 (LBO) – Asia and the Pacific need to increase the overall productivity through investments in physical, human and natural capital, said a new annual review by Independent Evaluation at the Asian Development Bank (ADB).“A part of boosting productivity is making the most of human resources which therefore is also good for greater […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that the […]
Sri Lanka warns errant traders: 5500 detections across the Island
Apr 09, 2015 (LBO) – Sri Lanka’s government has detected 5500 errant traders in the past three month period stating Jan 2015 and warns a 10,000 rupees fine and six months imprisonment for sole owners and up to one million fine for supermarket chains for tampering with labels and price changes.“We have strengthened the detection […]
‘s opporsition to bring a no confidence motion against Ravi Karunanayake
Apr 18, 2015 (LBO) – Sri Lanka’s opposition is planning to bring a no confidence motion against a cabinet Minister, a senior opposition politician speaking to LBO in anonymity said yesterday. The parliamentarian said that the decision was taken at the Carlton House in Tangalle, on 16th Thursday. A group of UPFA members who gathered […]
Sri Lanka’s business Chamber urges speedy election; Political uncertainty driving investors away
Apr 19, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of commerce says, the prevailing political uncertainty impacts negatively on the economic and business environment in the Island and to restore confidence and attract investment, parliamentary elections must be held expeditiously. The chamber says even though it appreciates the diverse positions taken on the forthcoming general […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by the Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that […]
Sri Lanka’s 100 day programme to be observed by IMF, ready to support in future: Finance Ministry
Apr 18, 2015 (LBO) – Sri Lanka’s new government’s 100 day programme would be closely observed by the International Monetary Fund (IMF), a statement released by the Finance Ministry said.“The IMF is pleased to see the reliefs that the new rulers have provided for people though the 100 day programme and would like to provide […]
Sri Lanka stocks close up 0.1-pct
Apr 17, 2015 (LBO) – Sri Lanka’s stocks closed up, 0.13 per cent, mainly because of profit taking and the banking and apparel stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 9.14 points higher at 7,086.41 up 0.13 per cent. The S&P SL20 closed 21.46 points higher at 4,012.56 up […]
Australia to transfer refugees from Nauru to Cambodia
Apr 17, 2015 (LBO) – A charter flight will carry the first group of asylum seekers from Nauru to Cambodia next Monday, under an agreement entered into between Australia and Cambodia, Media reports said.Whether Sri Lankans are among the first group of refugees who will be transferred from Nauru to Cambodia is not known yet, […]