‘s President appoints acting Chief Justice

June 08, 2015 (LBO) – Supreme Court Judge Chandra Ekanayake was sworn in as the Acting Chief Justice before President Maithripala Sirisena Monday morning (June 8) at the Presidential Secretariat.The President made this appointment as the Chief Justice K.Sri Pavan is abroad. Chandra Ekanayake was appointed as a Justice of the Supreme Court of Sri […]

‘s Stock market cleaning up session

Jun 08, 2015 (LBO) – Sri Lanka is in the process of establishing a ‘Serious Frauds and Financial Crimes Division’ to act against alleged irregularities in the Colombo Stock Exchange, the Prime Minister said.Sri Lanka is in the process of establishing a ‘Serious Frauds and Financial Crimes Division’ to act against alleged irregularities in the […]

Sri Lanka legalizes 19A

May 16, 2015 (LBO) – Sri Lanka’s Speaker Chamal Rajapaksa signed and legalized the 19th Amendment to the Constitution, passed in Parliament on April 28.The Speaker signed the blueprint of the constitutional amendment on Friday, a state media report said.The legislation dilutes many powers of executive Presidency in force since 1978, will come into force […]

Sri Lanka’s 20A to support minority political parties: Minister

May 12, 2015 (LBO) – Sri Lanka’s proposed 20 amendment to the constitution is a step in the right direction for the country and does not discriminate minority political parties, a Minister said. “This first-past-the-post (FPP) system is not unfair towards any minority parties in the country. It has been analyzed since 1977 no short […]

Sri Lanka’s Finance Minister to sue former President

May 11, 2015 (LBO) – Sri Lanka’s finance minister Ravi Karunanayake said today that he will sue the former President for defamation charge of two billion rupees.The legal action of defamation follows the Rajapakse’s statement to media saying that the Finance Minister Karunanayake had instructed Lankaputhra Bank which is fully owned by the government to […]

Stop deforestation and land allocation around Wilpattu national park: President

May 11, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has issued a special decree prohibiting allocation of lands and clearing the surrounding areas of the Wilpattu national park, a statement said. The decree comes into force with immediate effect and are applicable to the districts of Mannar and Vavuniya. The statement says 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 President appoints a new law commission

Mar 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed new members for the law commission, justice ministry said in a statement.The law commission act provides that suitable eminent persons who have held or hold judicial office, or have experience as attorneys-at-law or teachers in law or are academically qualified in law can […]

Corruption Allegations

Mar 12, 2015 (LBO) – Sri Lanka’s minister for child development Rosy Senanayake said some bribery and corruption arrests are delayed because it has to be dealt with through the stipulated legal channels.I have taken my grievances to minister John Amarathunga and the prime minister and have clearly explained that we are bound by the […]

Bond Allegation

Mar 06, 2015 (LBO) – Sri Lanka’s Economic Affairs and Policy Planning Ministry said that the government will issue a statement today regarding an alleged insider dealing in Sri Lanka government securities markets by a firm connected to the family of Sri Lanka Central Bank Governor. Asked about the issue, economic affairs deputy minister Harsha […]

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