Author: lbostgadmin
Mangala – Statements on Constitutional Crisis
October 27, 2018 (LBO) –
Sri Lanka Parliament suspended until November 16
Oct 27, 2018 (LBO) – Sri Lanka’s Parliament has been suspended until 16 November 2018 by the President, Presidential Secretariat said issuing a gazette. Presidential Secretariat added that the Secretary to the Prime Minister Saman Ekanayakathe has also been removed from his post. The Speaker in a statement asked all parties to act democratically to […]
President issues extraordinary gazette declaring Mahinda as new PM
Oct 27, 2018 (LBO) – President Maithripala Sirisena has issued two extraordinary gazette notifications a few hours ago removing Ranil Wickremasinghe from the post and appointing Mahinda Rajapaksa as the new Prime Minister. Secretary to the President Udaya R Seneviratne issuing a gazette notification on behalf of the President said under Article 42(4) of the […]
‘s constitutional crisis
October 27, 2018 (LBO) –
Ranil challenges Mahinda to prove majority in Parliament
Oct 26, 2018 (LBO) – Ranil Wickremesinghe on Friday night challenged Mahinda Rajapaksa to prove the majority in Parliament in order to resolve the issue democratically.Special statement delivered by Wickremesinghe at Temple Trees today: “I’m addressing you as the Prime Minister of Sri Lanka. I’m the Prime Minister under article 42 of the constitution in […]
Ranil – I am still the PM, I have majority in Parliament
October 26, 2018 (LBO) – Letter from PM to President saying he is still PM and commands the confidence of parliament.
Sagala – This is a breakdown of Democracy, the very thing we fought so hard for
October 26, 2018 (LBO) –
Mangala says appointment of Mahinda as PM unconstitutional
Oct 26, 2018 (LBO) – Finance Minister Mangala Samaraweera says the appointment of Mahinda Rajapaksa as the Prime Minister is unconstitutional and illegal.According to Samaraweera, the appointment is an anti-democratic coup.Small political parties including the All Ceylon Makkal Congress (ACMC), Tamil Progressive Alliance and Sri Lanka Muslim Congress (SLMC) are also to take a decision about […]
Former President Mahinda Rajapaksa sworn in as Prime Minister of Sri Lanka
Oct 26, 2018 (LBO) – Former President Mahinda Rajapaksa on Friday took oaths as the new Prime Minister of Sri Lanka before President Maithripala Sirisena at the Presidential Secretariat. Parliamentarian Dayasiri Jayasekara said the decision to leave the government was taken at a special UPFA meeting held in the afternoon. President and the new Prime Minister […]
Parliament passes resolution to raise Rs.310Bn under Active Liability Mgmt
Oct 26, 2018 (LBO) – Sri Lanka’s Parliament on Friday passed a resolution to raise up to 310 billion rupees by way of loans, in or outside Sri Lanka under the Active Liability Management Act. The Active Liability Management Act provides the legal framework for the government to raise loans for management of public debt […]
Virtusa Sri Lanka’s Madu Ratnayake appointed an Independent Director of HNB
Oct 26, 2018 (LBO) – Group CIO and the Center Head for Virtusa Sri Lanka Madura Duminda Ratnayake has been appointed as an Independent Non-Executive Director of Hatton National Bank.He is responsible for Virtusa’s global digital strategy and Virtusa’s Sri Lankan Operations.He is also responsible for enterprise digital business strategy and the core service delivery […]
John Keells Holdings (JKH) moving higher, up over 10% from multiyear lows
October 26, 2018 (LBO) – Shares in Colombo Stock Exchange (CSE) bellwether John Keells Holdings (JKH) have been in rally mode since touching multiyear lows of Rs126/share a few weeks ago. The stock closed the day up 3.4% to Rs140/share on volume of approximately Rs150mn. Shares in JKH were active yesterday as well with close […]