Category: Other
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 […]
ADB downgrades growth for South Asia
Dec 07, 2012 (LBO) – The Asian Development Bank has downgraded the growth forecast for South Asia by 0. 2 percent to 5.3 percent in 2012 and 6.2 percent in 2013 on a slowing Indian economy. China is expected to grow 7.7 percent (8.1 percent next year) and South East Asia 5.3 percent (5.5 percent […]
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. […]
Flawed Process
Nov 21, 2012 (LBO) – Friday Forum, a citizen group said impeachment proceedings launched against Sri Lanka’s chief justice was “deeply flawed” and is perceived as an attack on institution that is independently working in the public interest. The Friday Forum said the process by a select committee was flawed and has attracted criticism from […]
Paradise Isle
Nov 13, 2012 (LBO) – Sri Lanka’s move to allow tax free racing cars may sound like a pacifier for the rich kids of politicians, but the move could actually be aimed at cultivating a new culture to improve farm-related transport. The 2013 budget took away the 300 percent tax on super luxury racing cars […]