Category: Other
Walkout
Dec 07, 2012 (LBO) – Sri Lanka’s chief justice Shirani Bandaranayake has walked out of a parliamentary committee with her lawyers saying she had been denied due process, in the latest twist in a controversial impeachment process. Leaked reports showed that her lawyers had denied charges in an impeachment motion. An impeachment motion was launched […]
Label
COLOMBO, Dec 7, 2012 (AFP) – Sri Lanka’s top judge Shirani Bandaranayake stormed out of her impeachment hearing after government lawmakers called her a “mad woman” and displayed open hostility, her lawyers said Friday. The move to impeach the country’s first female chief justice came after she scuttled several bills, including one that gave more […]
Property Rights
Dec 07, 2012 (LBO) – World Bank group’s Multilateral Investment Guarantee Agency, which provides political risk cover for foreign investors, said expropriation risks are rising in developing countries, with Argentina, Bolivia and Sri Lanka coming into prominence in the recent past. “Expropriation”which was an important threat to foreign investors in the developing world a few […]
Statement
Dec 07, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has called for “mutual respect and trust between the Executive, Legislature and the Judiciary” in the wake of an ongoing controversial impeachment of the country’s chief justice. Lawyers representing the Chief Justice has said she was called a ‘mad woman’ by legislators in a […]
Why
Dec 07, 2012 (LBO) – Lawyers for Sri Lanka’s chief justice Shirani Bandaranayake has explained why she walked out, after she was called names, was not allowed to cross examine witnesses and was given a large bundle of document which was expected to be answered in a day. The statement is reproduced below: Today the […]
Fair Trial
Dec 07, 2012 (LBO) – The United States embassy in Colombo expressed concern about Sri Lanka’s judiciary and urged that the island’s chief justice who is being impeached guaranteed due process and rule of law. “We urge that the Government of Sri Lanka and the Parliamentary Select Committee investigating the Chief Justice ensure any investigation […]
Sri Lanka drought hit farmers get free seed paddy
Dec 06, 2012 (LBO) – Sri Lanka’s rice farmers who have been hit by a recent drought will be given 371 million rupees worth of seed paddy by tax payers, enough to plant 58,000 hectares of land, the finance ministry said. The state has given land to farmers, built infrastructure pumping vast volumes of money, […]
Sri Lanka war refugees get 175 boats from India
Dec 04, 2012 (LBO) – India has gifted 175 boats and equipment worth 71 million rupees to war refugees in Mannar in northeastern Sri Lanka, the Indian High Commission (embassy) in Colombo said. . Indian envoy Ashok K. Kantha has recalled that in 2009 India has gifted boats to fishermen in Vaharai in the Eastern […]
Excessive Trading
Dec 02, 2012 (LBO) – A Sri Lankan stock broking firm has compensated a client who complained to the Colombo Stock Exchange alleging unauthorized trading which led to massive losses during a collapsed stock market bubble. Taprobane Securities, chief executive had earlier been removed by the regulator following a controversial deal involving the attempted sale […]
‘s Sunshine Holdings in talks with palm oil firm
Nov 29, 2012 (LBO) – Sri Lanka’s Sunshine Holdings, which has interests in tea and oil palm said it was in talks with Pyramid Wilmar (Pvt) Ltd, a Colombo based unit of two Singaporean firms, to use their expertise and distribution chains. . Sunshine Holdings said in a stock exchange filing that it was exploring […]
Sri Lanka monks at risk from rich foods
COLOMBO, Nov 27, 2012 (AFP) – Sri Lanka’s health ministry announced plans on Tuesday to draw up new guidelines for donating food to the country’s venerated Buddhist monks amid concerns about their weight and health. The ministry said the faithful, who offer alms as a religious tradition, tended to give food that was too high […]
Sri Lanka business, IUCN in bio conservation drive
Nov 23, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce, International Union for Conservation of Nature (IUCN) and Dilmah, a tea sector group are starting an initiative to promote conservation. The Business and Biodiversity Platform (B&B Platform) would allow businesses to share information on conservation and also tap local international expertise in the area. […]