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Sri Lankan Airlines corruption scandal reveals need for deeper structural reform in SoEs : Advocata
Weak governance has led to large scale corruption in state enterprises. Sri Lankan airlines has made Rs. 169 billion in losses since nationalisation in 2009. It has recently been revealed that Airbus SE paid the wife of a Sri Lankan Airlines Executive US$ 2 million, out of a US$ 16 million bribe over a large […]
Sri Lanka can boost its development tapping agriculture and new technology : WB
Feb 05, 2020 (LBO) – The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, as World Bank Vice President for South Asia, Hartwig Schafer concluded a four-day visit. During his visit, Schafer gained a better understanding of the country’s development priorities under the new government and how the World […]
President of Appeal Court Yasantha Kodagoda sworn in as a judge of Supreme Court
Feb 03, 2020 (LBO) – President of the Court of Appeal Justice Yasantha Kodagoda was sworn in as a judge of the Supreme Court before President Gotabaya Rajapaksa at the Presidential Secretariat today. Justice H. M. D. Nawaz took oaths as the new President of the Court of Appeal.
Crysbro energises sustainable farming practices with solar power
Feb 03, 2020 (LBO) – In a major step in its continual efforts to embrace sustainable farming practices across all layers of its operations, leading Sri Lankan poultry producer Crysbro successfully completed the installation of a mega solar power generation system at its Galgamuwa Farm. This latest development saw Crysbro install nearly 1,200 solar panels […]
Russian Commander-in-Chief of Land Forces arrives in Sri Lanka
Feb 03, 2020 (LBO) – Russian Commander-in-Chief of Land Forces, General of the Army, Oleg Salyukov of Ministry of Defence of the Russian Federation arrived in Sri Lanka today on a five-day goodwill tour at the invitation of his Sri Lankan counterpart, Lieutenant General Shavendra Silva, acting Chief of Defence Staff and Commander of the […]
President orders full probe into allegations over Airbus deal
Feb 03, 2020 (LBO) – President Gotabaya Rajapaksa has ordered a comprehensive investigation into reports of allegations over financial irregularities said to have committed during the deal between SriLankan Airlines and Airbus SE for the purchase of aircrafts. An English language weekly and few websites have published reports describing alleged misdeeds relating to the transaction […]
SriLankan Airlines expresses gratitude to its courageous crew members & staff
Feb 01, 2020 (LBO) – SriLankan Airlines expresses its profound gratitude to its patriotic and loyal staff members who volunteered to operate Flight UL1423, the airline’s mission of mercy that brought back our students from Wuhan, China, on Saturday 1st February 2020. The mission of mercy was carried out on the instruction of the President, […]
Colombo consumer price based inflation increased to 5.4-pct in January
Feb 01, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index increased to 5.4 percent in January 2020 from 4.8 percent in December 2019, Statistics Department data showed. This was driven by the monthly increase of prices of items in both Food and Non-food categories. Food inflation […]
World Bank identifies new areas of cooperation in Sri Lanka
Jan 31, 2020 (LBO) – The World Bank and Sri Lanka has identified several new areas of development cooperation in addition to the World Bank-funded existing projects. They are renewable energy, garbage disposal, watershed management, plantation for export, easing traffic congestion and pedestrian and road safety. This understanding has been reached during a discussion that […]
Coronavirus death toll upto 213 : WHO calls it global virus emergency
Jan 31, 2020 (LBO) – The World Health Organization said the virus represents a risk outside of China and is calling it a global virus emergency. The death toll in China had climbed to 213 by Friday with nearly 10,000 infections, according to foreign media reports. Global outbreak includes 98 cases in 18 countries […]
Sri Lanka on Crisis watch list 2020
Jan 31, 2020 (LBO) – Crisis Group, an independent, non-profit, non-governmental organisation committed to preventing and resolving deadly conflict has identified and listed Sri Lanka in its watch list 2020. The early-warning Watch List identifies up to ten countries and regions at risk of conflict or escalation of violence. In these situations, early action, driven or […]
