Category: World
Only Conservatives can deliver Brexit – Nirj Deva MEP
May 22, 2019 (LBO) – The people of the United Kingdom will go to the polls on Thursday May 23rd to vote for who will be their representatives in the European Parliament. Sri Lankan born British member of the EU Parliament, Nirj Deva MEP, released the following message on the eve of the election where […]
US-China trade tensions: Fitch says further tariff escalation would hamper global growth
May 13, 2019 (LBO) – The US decision to increase tariffs to 25 percent on an additional 200 billion dollars of imports from China marks a significant escalation in US-China trade tensions, and highlights the risk of a protracted trade war beyond our current assumptions, the Fitch Ratings said. The rating agency, however, said the […]
‘s pay tops $ 18mn
May 12, 2019 (LBO) – Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual renumeration makes her one of the highest paid executives in Australia. The disclosure of her compensation came out as the company she leads reported earnings of $3bn for the year. https://www.afr.com/business/banking-and-finance/the-eight-macquarie-bosses-paid-more-than-27-000-a-day-20190503-p51jue […]
Five key policy lessons from the terror attacks in Sri Lanka
By: Ganeshan Wignaraja Over 250 people died in last month’s IS-linked Easter bombings in Sri Lanka, making it one of the worst terror attacks since 9/11. Major incidents such as this cause extreme disruption in fragile countries like Sri Lanka, which is already grappling with the legacies of a thirty-year civil conflict, a simmering debt crisis, […]
Nirj Deva seeking a 5th term in the European Parliament
May 11, 2019 (LBO) – Niranjan Deva Aditya, more commonly known as the Hon. Nirj Deva, is seeking a fifth term in the European Parliament elections scheduled for May 23rd. The British elected European Parliamentarian of Sri Lankan descent is one of the longest serving European Parliamentarians.He has served in the legislative body for 20 […]
UN Under-Secretary General meets PM; pledges support
May 02, 2019 (LBO) – The Under-Secretary General of the United Nations Miguel Angel Moratinos visited Sri Lanka and paid a courtesy call on the Prime Minister, expressing his condolences with regard to the Easter Sunday Attack, and pledging their support to the Government of Sri Lanka. He stated that the entire international community is […]
We are Safe – Easter Sunday 2019 in Sri Lanka
April 22, 2019 (LBO) – My family and I are safe. This is the refrain that my household repeatedly speaks, texts, and emails to concerned friends and relatives who are inquiring about our welfare during possibly the most deadly terrorist attack that has struck the place I now call home. The attacks hit close to […]
World leaders condemn Easter Sunday blasts in Sri Lanka
Apr 21, 2019 (LBO) – World leaders have offered their condolences to the victims and families of the deadly blasts in Sri Lanka that killed more than 200 people on Sunday.The United Nations in Sri Lanka said they strongly condemn the attacks against civilians carried out in places of worship and city hotels on Easter […]
Finance Minister meets UN Secretary General Antonio Guterres in New York
Apr 18, 2019 (LBO) – Finance Minister Mangala Samaraweera who is in New York to represent Sri Lanka at the Financing for Development Forum of the UN Economic and Social Council called on the Secretary-General of the United Nations António Guterres on 16 April. At the meeting, the Secretary-General recalled his visits to Sri Lanka […]
‘s climate resilient agriculture & infrastructure services
Apr 12, 2019 (LBO) – Sri Lanka and the World Bank has signed two new agreements worth 150 million US dollars to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships. Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S.Samaratunga, Secretary, Ministry of Finance […]
EU leaders agree to delay Brexit deadline until October 31
Apr 11, 2019 (LBO) –The European Union has agreed to delay the United Kingdom’s departure from the EU, known as Brexit, until October 31, saving the continent from what could have been a chaotic no-deal departure at the end of the week. British Prime Minister Theresa May said she would now keep working to get her […]
IMF cuts global growth forecast further to 3.3-pct in 2019
Apr 10, 2019 (LBO) – Reflecting the slowdown in production activity in the latter half of 2018 and the first half of 2019, global growth is set to moderate from 3.6 percent in 2018 to 3.3 percent in 2019, and then to return to 3.6 percent in 2020, the IMF said releasing its World Economic […]