Category: Other
Kia introduces Sri Lanka to its latest addition to iconic range
Kia Motors (Lanka) has announced that the new Kia Soul, the Korean car marker’s inimitable compact crossover SUV, has arrived in Sri Lanka exclusively for enthusiasts who believe that a car must have a distinct character and soul. Considered one of the most widely recognised and individualistic models in the Kia Motors vehicle line-up, the […]
Global economies stuck in low growth trap, Policy makers need to keep promises: OECD
Jun 06, 2016 (LBO) – The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path, the OECD’s latest economic outlook says. “Growth is flat in the advanced economies and has slowed in many of the emerging […]
Sri Lanka to set up University for Police and Criminal Justice
June 06, 2016 (LBO) – Sri Lanka’s government is looking to establish a separate University for Police and Criminal Justice similar to that of the Melbourne Deakin University, Prime Minister Ranil Wickremesinghe said. “This university is not based on the university structure of Sri Lanka or United Kingdom,” the Prime Minister emphasized. “This will be […]
Norway to ban all fuel-based cars by 2025
June 06, 2016 (LBO) – Norway will ban the sale of fossil fuel-based cars by 2025, with politicians from both sides agreeing that cars need to run on green energy, reports said. The report follows the announcement that Norway will become the first country in the world to commit to zero deforestation, the Independent reported. […]
Blast at Sri Lankan armoury kills one soldier, thousands evacuated
June 06, 2016 (LBO) – One soldier was killed and thousands of people were evacuated after an explosion on Sunday at the Salawa Army Camp, where one of Sri Lanka’s largest ammunition stores is located. Explosions at the army camp continued for more than five hours and the blasts were heard 12 km away, local […]
JVP protest against recent VAT hike
JVP on Friday held a protest march against recent VAT hike…
‘t be pressured regarding land reclamation: President
June 03, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed officials to adhere strictly when implementing the government’s decision to prohibit unauthorized land reclamation in the Western Province. “I will always stand up on behalf of the officials who are taking the correct decision,” he said and requested those officials to inform him without […]
Radiant Eye Hospital launches web site
Radiant Eye Hospital officially launched its unique website radianteye.lk on Thursday, 2 June 2016. The launch was experienced by healthcare professionals, stakeholders and members of the media. Heading the team is the hospital’s founder Dr. Shamintha Amaratunga, an eye surgeon who has built a reputation for excellence in the field of eye care. Dr. Amaratunga […]
Singer launches first-ever online wedding registry
Singer Sri Lanka PLC, the country’s leading consumer durable retailer, launched its first-ever Online Wedding Registry at a special ceremony held recently. Singer Online Wedding Registry will allow couples to create and manage their own wedding registry from anywhere in the world by simply logging onto a secure web portal. It will include a comprehensive […]
Sri Lankan Researchers honoured for Process Innovation treating Asthma
In what can be hailed as a national achievement, two Sri Lankan scientists, Manoj Hettiarachchi and Nalin Kannangara of Sri Lankan pharmaceutical company Emergen Life Sciences were recently honoured with a Silver Award at the 44th International Exhibition of Inventions held in Geneva for their innovation of a Process of Manufacturing of Budenoside+Foremtrol Dry Powder […]
Neoliberalism oversold? Inequality throttles growth, say IMF economists
June 02, 2016 (LBO) – Instead of delivering growth, some neoliberal policies increase inequality which in turn jeopardize sustainable development, three IMF economists say in a recent article. Neoliberalism refers to capitalism in its purest form where privatization, deregulation, and the “freeing of the market” are keys to a flourishing economy. The senior IMF economists […]