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Sri Lanka stocks close flat after polls: 30 week high
Aug 19, 2015 (LBO) – Sri Lankan stocks closed flat on Wednesday after parliamentary elections results were announced with the ruling United National Party plegding to form a national government, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,498.78 and the S&P SL20 closed 6.60 points higher at 4,164.31 up 0.16 […]
‘s new government needs to have clarity in economic policy: Fitch
Aug 19, 2015 (LBO) – Sri Lanka’s newly elected govenment should pay close attenttion to greater clarity on economic policy as the change in January had only concentraded on good governance and other reforms, Fitch Rating said. “Improved economic policy credibility and coherence would strengthen Sri Lanka’s resilience to growing investor uncertainty towards emerging Asia,” […]
Sri Lanka’s construction industry lacks proper policy: official
Aug 19, 2015 (LBO) – Sri Lanka’s construction industry policy changes when governments change and this is a major concern facing the industry, a senior official said.“With changes of government we have found that projects awarded during the previous regime are suspended and the new government reviews all the projects,” Surath Wickramasinghe, President of the […]
I will take oaths as new Prime Minister of Sri Lanka with President’s support: Ranil
Aug 19, 2015 (LBO) – The UNP leader and former Prime Minister Ranil Wickremesinghe said he is to take oaths as the new Prime Minister of Sri Lanka and has discussed with the President the way forward.According to sources the oath taking ceremony will be held tomorrow at the Presidential Secretariat.“On August 17th the people […]
UN Secretary General applauds the people of Sri Lanka for peaceful elections
Aug 19, 2015 (LBO) – The UN Secretary-General Ban ki moon has applauded the people of Sri Lanka for the peaceful and broad-based participation in the parliamentary elections of 17 August.In a statement, he commended the President for having shepherded an inclusive process and the Election Commissioner for his exemplary efforts in helping guarantee the […]
‘s ruling UNP wins parliamentary election, eyes national government
Aug 18, 2015 (LBO) – Results of Sri Lanka’s parliamentary election shows the United National Party won enough seats to be the single-largest party in the 225-seat legislature.All eyes are now on how the party aims to move forward to secure a majority and fulfill its pledge to form a national government. The United National […]
Sri Lanka Elections 2015 *** LIVE Commentary ***
Live Updates (highlights): Three Cabinet Ministers took oath before the President. Mangala Samaraweera as the Minister of Foreign Affairs, Wijeyadasa Rajapakshe as Minister of Justice and D. M. Swaminathan as Minister of Rehabilitation. Three contenders for position of Finance Minister with Eran, Harsha and Ravi putting their hands up. Decision would be made today (12.12 […]
Sri Lanka Business Chamber praises poll, congratulates UNF
Aug 18, 2015 (LBO) – Sri Lankans should calmly accept the final outcome of the election and demonstrate respect towards democratic ideals, the top business chamber said, praising its conduct as free and fair. “We sincerely hope that the winners as well as losers will accept the final outcome of this election, in a peaceful […]
Sri Lanka stocks close higher after parliamentary polls
Aug 18, 2015 (LBO) – Sri Lankan stocks closed up 0.09 percent on Tuesday a day after parliamentary elections in the island positioned the United National Party to usurp its rivals. The Colombo benchmark All Share Price Index closed 6.66 points higher at 7,498.70 points. The S&P SL20 closed 4.10 points lower at 4,162.32, down […]
Sri Lanka’s UNP Leader asks for support to build a new political culture
Aug 18, 2015 (LBO) – Sri Lanka’s United National Front for good governance leader cum United National Party leader Ranil Wickramasinghe asked people’s support to build a new political culture in the island. Releasing a statement, Wickramasinghe said the majority of the country has given approval for continuation of the good governance revolution made on […]
Sri Lanka’s 2015 General Election most peaceful election in recent history: PAFFREL
Aug 17, 2015 (LBO) – The general election that took place today was the most peaceful and fair in the recent history of the country, Sri Lanka’s election watchdog PAFFREL said. “A total of 212 incidents were reported on Election Day, but none of them were of serious consequence. The police reported 35 arrests.” its […]
Only 226 minor election violations; no major incidents reported: Polls Chief
Aug 17, 2015 (LBO) – Sri Lanka’s Elections Commissioner said the election held today was conducted mainly in a free and fair manner.Speaking at a special media briefing Elections Commissioner Mahinda Deshapriya said they have received 226 minor election violation incidents and at least 50 people have been arrested in relation to electoral law violations.“We […]