Reaction

Jan 09, 2012 (LBO) – Sri Lanka has deplored the beheading of a maid in Saudi Arabia after she was convicted of killing an infant under her care when she was still a minor. Rights group called for clemency as the Rizana Nafeek did not have legal representation at the time of her trial. The […]

Court Decision

Jan 08, 2013 (LBO) – Sri Lanka’s court of appeal has quashed the findings of a parliamentary committee against Chief Justice Shirani Bandaranayake where lawyers said she was not accorded due process and principles of natural justice. Sri Lanka’s Supreme Court has earlier said the parliamentary committee was unconstitutional. Sri Lanka’s Parliament is due to […]

Sri Lanka flood victims get Japan help

Jan 04, 2012 (LBO) – Japan will give 23 million Yen (32 million rupees) worth disaster aid to victims of Sri Lanka’s recent floods and landslides, the embassy of Japan in Colombo said.“The emergency assistance includes tents, plastic sheets and sleeping pads for those affected by the recent floods and landslides,” the embassy of Japan […]

Starting Fresh

By Ravi Abeysuriya, CFA Jan 04, 2013 (LBO) – When it comes to investing in the stock market in Sri Lanka nowadays the chorus that has regrettably echoed has been Market manipulation and State owned Funds losing Billions of money by investing in the stock market. Market manipulation or creating a False Market’ or one […]

Court Decision

Jan 02, 2013 (LBO) – Sri Lanka highest court has declared that a parliamentary committee has no legal authority to determine the guilt of the island’s chief justice in a controversial impeachment process that has drawn widespread condemnation.Sri Lanka Court of Appeal read out the decision of the Supreme Court after the legality of the […]

Sri Lanka farmers earn US$31mn from Nestlé

Dec 27, 2012 (LBO) – The Sri Lanka unit of Nestlé, a Swiss-based food group said it had paid 4 billion rupees (31 million US dollars) to dairy and coconut farmers in the island to buy milk and coconuts during 2012. The firm has a network of 23,000 dairy farmers and 5,000 coconut farmers supplying […]

Organized Crime

COLOMBO (AFP) ” Police in Sri Lanka have arrested 100 Chinese nationals for an online currency fraud scam in a string of night-time raids in and around the capital Colombo, according to officials. The arrests come as China has been investing heavily in the tropical island nation as it enlarges its presence in South Asia. […]

” model boosts production

Dec 20, 2012 (LBO) – Sri Lanka’s Kahawatta Plantations Plc, has increased production and boosted employee incomes by trying out an ‘out grower’ model of allowing workers to farm tea on estate land on their spare time. The statement said workers go to work in gem pits and other work and only about 40 percent […]

Sri Lanka floods leave 25 dead, thousands homeless – Update

Dec 20, 2012 (LBO) – Flooding and landslide from days of heavy rain in Sri Lanka’s central, eastern and southern areas have left 25 dead, 13 missing and more than 18,000 homeless, the state disaster management agency said. High winds and flood had left 8,237 homeless in Baticaloa in the East of the island and […]

Sri Lanka flood, landslide toll rises

Dec 18, 2012 (LBO) – Flooding and landslides have killed at least nine people and left thousands homeless, Sri Lanka’s disaster management office said as heavy rains continued to lash parts of the island. Sri Lanka’s Disaster Management Centre said eight people had died in Matale and one is Kandy in central Sri Lanka and […]

Lawyer Resolution

Dec 16, 2012 (LBO) – Sri Lanka’s main lawyers association has asked President Mahinda Rajapaksa to reconsider an impeachment against the Chief Justice or ensure that a fair trial complying to rules of natural justice is followed. The Bar Association of Sri Lanka had adopted the resolution amid protests from those backing the administration with […]

Fair Trial

Dec 16, 2012 (LBO) – An association representing Sri Lanka’s judicial officers have called for an independent tribunal to probe impeachment charges against chief justice Shirani Bandaranayake to ensure a fair trial. The chief justice walked out of the proceedings saying she was insulted by members of a ruling party dominated parliamentary select committee (PSC) […]

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