Higher Learning

Mar 27, 2014 (LBO) – Indunil Liyanage, Chief Marketing Officer of state-run Bank of Ceylon has conferred a Doctor of Philosophy (PhD) by Colombo University.His doctoral thesis, on ‘Role Stressors and the Impact of Coping styles on Perceived Job Performance’ was based on 5-years of research. Liyanage already holds a Masters degree in management from […]

Cable Centre

Mar 27, 2014 (LBO) – Sri Lanka Telecom said it is forming a venture with Indian Ocean Cableship (Pvt) Ltd, a Singapore based firm, to set up an undersea cable maintenance base at Hambantota port in the island’s south.The SEA-ME-WE-05 cable, the latest in a series of cables running from South East Asia to Europe […]

UN rights council launches Sri Lanka war crimes probe

GENEVA, March 27, 2014 (AFP) – The UN Human Rights Council on Thursday launched an inquiry into alleged war crimes in Sri Lanka, despite Colombo’s fierce efforts to block an investigation.But they question the credibility of his efforts to come clean on the past and to stem what they say are ongoing rights violations. “The […]

Sri Lanka rejects UN rights probe, president tells AFP

COLOMBO, March 27, 2014 (AFP) – Sri Lankan President Mahinda Rajapakse rejected Thursday’s UN Human Rights Council resolution ordering a war crimes probe, telling AFP that he would instead press ahead with his own reconciliation plan.“We reject this,” Rajapakse said. “This resolution only hurts our reconciliation efforts.It does not help. “But I am not discouraged. […]

India explains abstention on Sri Lanka UN HR council vote

Mar 27, 2013 (LBO) – India abstained on voting on a resolution on Sri Lanka’s human rights which called for a external probe. The full statement is reproduced below:- India’s Explanation of Vote on Resolution œPromoting Reconciliation, Accountability, and Human Rights in Sri Lanka (A/HRC/25/L.1/Rev.1) Mr. President, 1. The UN Human Rights Council has adopted […]

US statement on Sri Lanka HR council vote

Mar 27, (LBO) – The following is a statement from US Secretary of State John Kerry on UN resolution on Sri Lanka. The Sri Lankan people are resilient. They have demonstrated grit and determination through years of war. Now, they are demanding democracy and prosperity in years of peace. They deserve that chance. The United […]

Sri Lanka can improve environment to retain talent and boost skills: biz leaders

Mar 26, 2014 (LBO) – Sri Lanka could retain more highly skilled workers by boosting overall conditions and well as re-orienting its education system towards the needs of the market, senior business leaders said.He said people who had moved abroad would come back if conditions if education and health system quality was better. “But the […]

Sri Lanka Treasuries yields steady

Mar 26, 2014 (LBO) – Sri Lanka’s Treasuries yield were steady at Wednesday’s auction with the 3-month yield falling 01 basis points to 6.65 percent, data from the state debt office showed. The debt office offered 10 billion rupees of maturing debt to the market and only accepted bids worth 8.2 billion rupees from the […]

Sri Lanka stocks close flat

Mar 26, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with some index heavy stocks losing ground, brokers said. Ceylon Tobacco Company closed 14.90 rupees lower at 1,083.00 rupees and Carson Cumberbatch closed 9.60 rupees lower at 360.00 rupees. Bukit Darah closed 24.80 rupees higher at 587.00 rupees and Nestle Lanka closed 19.20 rupees […]

Sri Lanka monk demands capture of wild elephants for temples

COLOMBO, March 26, 2014 (AFP) – A Sri Lankan Buddhist monk led a procession of elephants Wednesday, demanding authorities capture wild pachyderms from the jungle to boost the dwindling number of the animals in temples.Asian elephant expert Jayantha Jayewardene noted many Sri Lankans wanted to own elephants as a symbol of wealth. “It is prestige. […]

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