Category:
Net Biz
Dec 10, 2012 (LBO) – Sri Lanka’s Dialog Axiata said it will acquire a 26 percent stake in Digital Commerce Lanka (Pvt) Ltd, which owns Anything. lk an e-commerce site for 1.59 million US dollars. Dialog said in a stock exchange filing that it also planned to transfer group e-commerce businesses ibuy. lk and tradenet.lk […]
Crude Block
Dec 10, 2012 (LBO) – Sri Lanka is unable to import crude oil from Iran despite a sanctions waiver by the United States, because banks are wary of opening letters of credit fearing blacklisting, a media report said. Sri Lanka’s The Sunday Times newspaper said state-run Ceylon Petroleum Corporatio, which used to buy Iranian light […]
Probe Call
COLOMBO, Dec 9, 2012 (AFP) – Sri Lanka’s main opposition party asked the Commonwealth Sunday to investigate the impeachment of the country’s chief justice in what it called a breach of the bloc’s democratic values. Opposition spokesman and former foreign minister Mangala Samaraweera urged the group’s secretary general Kamelesh Sharma to order his disciplinary body, […]
Impeachment
Colombo, (AFP) – Sri Lanka’s first woman chief justice faced the threat of dismissal from office after a parliamentary panel on Saturday found her guilty of three accusations of professional misconduct. The charges against Chief Justice Shirani Bandaranayake have raised international concerns that the government is trying to control the judiciary after crushing Tamil rebels […]
Decision
Dec 08, 2012 (LBO) – A parliamentary committee from which opposition members walked out, has found Sri Lanka’s chief guilty of three out of five main charges made in a motion signed by ruling party legislators. Parliament is expected to hold a 10-day debate over issue. Reports said given the gravity of charge on which […]
Sri Lanka flights by Korean Air from March
Dec 08, 2012 (LBO) – Korean Air would resume flying to Sri Lanka three times a week from March 09, after a lapse of 28 years, which can boost tourist arrivals from that country, officials sai d. A Seoul-Colombo return ticket is priced at around 90,000 rupees. The airline quit the country in 1984. Sri […]
Sri Lanka forex reserves drop in October
Dec 07, 2012 (LBO) – Sri Lanka’s official foreign reserves dropped 7. 1 percent to 6,547 million US dollars in October 2012 from a month earlier following the repayment of a sovereign bond, official data showed. The Central Bank said tourism receipts were 790. 2 million US dollars in the first 10 months, worker remittances […]
Fair Trial
Dec 07, 2012 (LBO) – The United States embassy in Colombo expressed concern about Sri Lanka’s judiciary and urged that the island’s chief justice who is being impeached guaranteed due process and rule of law. “We urge that the Government of Sri Lanka and the Parliamentary Select Committee investigating the Chief Justice ensure any investigation […]
Why
Dec 07, 2012 (LBO) – Lawyers for Sri Lanka’s chief justice Shirani Bandaranayake has explained why she walked out, after she was called names, was not allowed to cross examine witnesses and was given a large bundle of document which was expected to be answered in a day. The statement is reproduced below: Today the […]
Statement
Dec 07, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has called for “mutual respect and trust between the Executive, Legislature and the Judiciary” in the wake of an ongoing controversial impeachment of the country’s chief justice. Lawyers representing the Chief Justice has said she was called a ‘mad woman’ by legislators in a […]
Property Rights
Dec 07, 2012 (LBO) – World Bank group’s Multilateral Investment Guarantee Agency, which provides political risk cover for foreign investors, said expropriation risks are rising in developing countries, with Argentina, Bolivia and Sri Lanka coming into prominence in the recent past. “Expropriation”which was an important threat to foreign investors in the developing world a few […]
Label
COLOMBO, Dec 7, 2012 (AFP) – Sri Lanka’s top judge Shirani Bandaranayake stormed out of her impeachment hearing after government lawmakers called her a “mad woman” and displayed open hostility, her lawyers said Friday. The move to impeach the country’s first female chief justice came after she scuttled several bills, including one that gave more […]