Udaya reviews progress of the CID investigations

Udaya Gammanpila on Wednesday (20) reviewed the progress of the investigation being carried out into an alleged attempt by former president Mahinda Rajapaksa to stage a coup to try to stay in power.

Economic growth in Asia Pacific up slightly to 5.9-pct in 2015: ESCAP

  May 19, 2015 (LBO) – Economic growth in Asia and the Pacific is expected to increase only slightly to 5.9 percent in 2015 from 5.8 percent in 2014, a recent report revealed. “Economic growth in Asia Pacific continues to fare well in the global context,” the Economic and Social Survey of Asia and the Pacific […]

The Lord Mayor of the City of London Visits CSE

May 18, 2015 (LBO) – The Lord Mayor of the City of London visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Yarrow also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government. The […]

China, India sign 24 agreements and MOUs

May 18, 2015 (LBO) – China and India signed 24 agreements and MOUs aimed at boosting cooperation in areas including railways, aerospace, mineral exploitation, marine science and vocational education, foreign media reported.The agreements were signed during the recently concluded Indian Prime Minister Narendra Modi’s visit to China.“The two neighbors agreed to strengthen cooperation in marine […]

The “Jawana Shakthi Yaathra” marathon

The “Jawana Shakthi Yaathra” marathon was held on Saturday under the patronage of President Maithripala Sirisena.It was held under the theme “A country for tomorrow” to coincide with the National Energy Conservation Programme initiated by Minister Patali Champika Ranawaka.

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.The Speaker signed the blueprint of the constitutional amendment on Friday, a state media report said.The legislation dilutes many powers of executive Presidency in force since 1978, will come into force […]

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 minority political parties, a Minister said. “This first-past-the-post (FPP) system is not unfair towards any minority parties in the country. It has been analyzed since 1977 no short […]

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 rupees.The legal action of defamation follows the Rajapakse’s statement to media saying that the Finance Minister Karunanayake had instructed Lankaputhra Bank which is fully owned by the government to […]

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 areas of the Wilpattu national park, a statement said. The decree comes into force with immediate effect and are applicable to the districts of Mannar and Vavuniya. The statement says that the […]

Page 58 of 60