Category: Other
Quit Report
Aug 15, 2012 (LBO) – The head of Sri Lanka’s Securities and Exchange Commission is expected to quit this week amid pressure from investors who were being probed for malpractices, a media report said. “I’ll be doing it (quitting) within the course of this week definitely. Definitely before Friday,” SEC chairman Tilak Karunaratne was quoted […]
Preserved Documents
Aug 11, 2012 (LBO) – Sri Lanka has begun archiving legal documents of its international commitments, the island’s foreign office said. Minister of External Affairs, G. L. Peiris has made a token handover of 171 legal documents kept by the ministry’s legal office, the satatement further said. The ministry said originals of all bilateral and […]
Sri Lanka buys US water supply system with US$64.9mn ex-im finance
July 25, 2012 (LBO) – Sri Lanka has bought a 64. 9 million US dollar water supply system from Tetra Tech, a California based firm with financing from the Export-Import Bank of United States. The 12-year credit, the first since 2008, will finance a water supply system for Badulla, Haliela and Ella areas on Sri […]
Sri Lanka bought leaf factory returns to profit
July 23, 2012 (LBO) – Tea Smallholder Factories Plc, a unit of Sri Lanka’s John Keells Holdings had posted 23. 9 million rupees in profits in the June 2012 quarter, turning around from a loss of 9. 1 million rupees a year earlier. The firm reported earnings of 80 cents a share for the quarter. […]
Sri Lankans baptise new fish genus for atheist Dawkins
July 16, 2012 (AFP) – Sri Lankan scientists have identified a new genus of fresh water fish and named it after the evolutionary biologist and renowned atheist Richard Dawkins. Lead researcher Rohan Pethiyagoda said the new genus, named Dawkinsia, comprises nine species that are found only in South Asia and are characterised by long filaments […]
Rubber futures falls to 4-month low: report
May 16, 2012 (LBO) – October rubber futures in Tokyo fell to a 4-month low of 265 yen a kilogram (3,317 dollars a tonne) before settling at 270. 1 yen on the Tokyo Commodity Exchange, a media report said. Bloomberg newswires said rubber was still up 2. 5 percent in 2012. September futures on the […]
Press Laws
July 12, 2012 (LBO) – Sri Lanka will bring laws to make registration of news websites with with the state compulsory and charge annual renewal fees, information minister Keheliya Rambukwelle said. Police arrested several journalists and closed down two websites connected to Sri Lanka’s main opposition last month. Rights activists, media freedom organizations, the US […]
Tax Co-ordination
July 12, 2012 (LBO) – Sri Lanka and India will sign an agreement to prevent double taxation and tax avoidance, minister Keheliya Rambukwelle said. Agreements signed between Sri Lanka and other countries provide reduced tax rates on dividends, interest and royalties. Sri Lanka’s cabinet had approved changes to an earlier draft following bilateral negotiations conducted […]
Sri Lanka owes 16 billion rupees to fertiliser importers
July 09, 2012 (LBO) – Sri Lanka owes fertiliser importers some 16.0 billion rupees for purchasing fertiliser to be distributed among farmers growing a wide range of crops, a local fertiliser company said. Agri Expansion Weerasekara said the company was scouting for export opportunities and is investing 200 million rupees for its new agri-venture in […]
Sri Lanka urged to depoliticise tea estate wages
July 09, 2012 (LBO) – Sri Lanka, one of the world™s largest tea exporters, has been urged to replace its ageing politicised wage structure with a productivity linked model, to sustain the viability of the centuries old brew. Trade unions, backed by ethnic minority political groups, prefer a fixed day™s wage instead of a productivity-linked […]
Lessons Learnt
July 04, 2012 (LBO) – Sri Lanka should implement several key measures contained in a report by a commission which studied lessons to be learnt from a recent civil war, some of which can be done without delay, a civil organization of professionals has said. Sri Lanka’s Organization of Professional Association, a civil society organization […]
Media Policing
June 30, 2012 (LBO) – Sri Lankan police Friday shut down main two opposition websites and arrested nine employees, and the house of its editor has also been raided, media reports said. Some 17 journalists and media employees have been killed in Sri Lanka in the past decade, pro-opposition websites have been blocked and media […]