Category:
No Quarter
Jan 13, 2013 (LBO) – Sri Lanka’s Chief Justice Shirani Bandaranayake has not asked for time to remain till April 30 which will be followed by a voluntary retirement, her lawyers said.Referring to a media report on a Sinhalese language weekly that she had asked to remain till April 30 and retire voluntarily after that, […]
Game Changer
Jan 13, 2013 (LBO) – Sri Lanka’s ‘Black Friday Impeachment’ of the chief justice will mark a new chapter in illiberal democracy where parliamentary majorities are abused to rob liberties of citizens, a legislator has warned. “The Black Friday impeachment is another shameful day in the history of our country,” opposition legislator Harsha de Silva […]
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 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 start-up in medical tourism bid with Durdans
Jan 11, 2013 (LBO) – Healing Journey, a leisure sector start-up is offering medical tourism services as Sri Lanka attracts more foreign visitors after the end of a 30-year civil war, officials said.Ceylon Tours managing director Suren Ediriweera says competition from India is high but medical tourists going to India can usually only visit one […]
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 […]
US Concern
Jan 11, 2013 (LBO) – The United State embassy in Colombo said it was “deeply concerned” over the impeachment of Chief Justice Shirani Bandaranayake which was conducted defying a court order.Sri Lanka’s parliament in which the ruling coalition has a two thirds majority, voted 155 for and 49 against in a deeply partisan vote to […]
Condemned
Jan 11, 2013 (LBO) – Britain, has condemned the beheading of a Sri Lankan maid who was sentenced to death in Saudi Arabia for the death of an infant in her care when she was still a minor. Sri Lanka’s foreign ministry said it “deplores” the beheading. Sri Lanka has also recalled the ambassador to […]
Boycot Call
Jan 11, 2013 (AFP) – Sri Lankan lawyers Friday urged judges to refuse to accept the appointment of a new chief justice ahead of a vote that is expected to see the incumbent impeached by lawmakers.The Lawyers’ Collective in letters to judges said a move by parliament to go ahead with a vote later Friday […]
Legal Lacuna
Jan 11, 2013 (LBO) – An illegal impeachment of Sri Lanka’s Chief Justice and the disregard for law by the ruling coalition will discourage investment, an opposition legislator has warned.“Without law how can investors come?” legislator Harsha de Silva from the main opposition United National Party, who is also an economist told reporters ahead 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 […]
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 […]