Volkswagen shares plunge 20 pct on admission of rigged emission tests
Sept 22, 2015 (LBO) - Shares of Volkswagen fell nearly 20 percent on Monday after the German carmaker admitted it had manipulated emissions tests of diesel …
Legal
Nestle to be sued for nearly USD100mn by India for unfair trade practices
Aug 13, 2015 (LBO) – India’s government Wednesday said that it has filed a suit with the country's top consumer court, National Consumer Disputes Redressal …
Sri Lanka Red Cross clarifies loaning a “Defender” to Siriliya foundation
Aug 11, 2015 (LBO) – Sri Lanka Red Cross Society says it is unaware of the activities and maintenance of the Land Rover Defender that was loaned to Siriliya …
Sri Lanka’s Finance Minister Ravi Karunanayake accuses Attorney General Department
July 24, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake on Friday accused Attorney General over an incident occurred when dealing with the …
Sri Lanka to take legal action to obtain due payments for the transport used in last presidential election
July 23, 2015 (LBO) – Sri Lanka cabinet of ministers had decided to take legal action to get the payments due and to obtain compensations for the damages …
Sri Lanka to ratify UN convention on electronic communication
June 11, 2015 (LBO) – Sri Lanka's cabinet has approved a proposal made by Foreign Minister to ratify a convention on electronic communication with regard to …
Sri Lanka’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 …
Sri Lanka’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 …
Sri Lanka to set up a special court to ensure speedy justice for brutal murder of Jaffna school girl
May 27, 2015 (LBO) – Sri Lanka’s President Sirisena had said, a special court will be set up to ensure speedy and proper justice in the case of brutal …
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. …
Golden Key Depositors to withdraw all complaints: Central Bank to bare costs (In Pics)
May 13, 2015 (LBO) – Sri Lanka’s golden key depositors were asked to withdraw all cases to be taken up by the Supreme court on 18 May 2015 following a …
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 …
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 …
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 …
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 …
Sri Lanka’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. buy …
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 …
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 …
Allegation
Mar 06, 2015 (LBO) – The bribery allegations made against Minister of Industry and Commerce Rishad Bathiudeen are politically motivated, the minister …
Warning
Feb 09, 2015 (LBO) – Sri Lanka warns the errant traders who hasn’t given recent budgetary relief to the consumers and has instructed the Consumers …