Category:
Economic Impact
Sep 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Had the Business Chambers followed the above strategy, which in fact was suggested to them, they and their members could have minimized the […]
Disputed Justice
Sept 18, 2009 (LBO) – Sri Lanka’s private sector should have been more forceful in challenging a chief judge seen as brilliant but dominating whose judgments raised questions about the process of public interest litigation, a public forum was told. Affected businesses could have asked for immediate reviews of what they considered bad decisions of […]
Public Debate
Sept 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Presentations were made by Rohan Samarajiva, head of LirneAsia, a think tank and a former telecom regulator, Preethi Jayawardena chief executive of Chemanex, […]
Tele Chase
NEW DELHI, Sept 18 (Asia Pulse) – Luxembourg-based Millicom has rejected Indian telecom PSU BSNL’s bid to acquire its operations in Sri Lanka, but India’s largest private mobile operator Bharti Airtel has entered the ring. Bharti Airtel, which is in talks with South African telecom firm MTN for a possible deal to create a US$23 […]
Sri Lanka power IPO draws over Rs1.6bn
Sept 18, 2009 (LBO) – An initial public offering for 31.3 million shares by Sri Lanka’s Hemas Power has attracted applications worth over 1.68 billion rupees, the company representatives said in a stock exchange filing. A total of 5,000 valid applications for over 84.2 million shares were received, SSP Corporate Services, secretaries to the issue, […]
Cricket: Sri Lanka skipper Sangakkara hails bowlers
JOHANNESBURG, September 17, 2009 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed his bowlers Thursday ahead of the ICC 2009 Champions Trophy in South Africa.“We are confident although our recent wins are not going to count for anything. All the teams here are professional units and whether they played recently or not won’t matter.” The […]
Sri Lanka Public Interest Litigation: “Fraud unravels all”
Sept 18, 2009 (LBO) – “Fraud unravels all”.This was a central claim made by Mr K. Kanag-Isvaran, P.C., at the LBO/LBR CEO Forum’s panel discussion on the economic implications of judgments of the Sarath N. Silva Supreme Court. If a fraud is established in the privatization of a state asset, the appropriate remedy would be […]
Sri Lanka sets January deadline to settle war-displaced
September 18, 2009 (AFP) – Sri Lankan President Mahinda Rajapakse promised the United Nations on Friday that he will resettle all war-displaced civilians by January, his office said. Rajapakse made the pledge during talks with the UN undersecretary-general for political affairs Lynn Pascoe, who is here to follow up on Colombo’s previous pledge to return […]
Sri Lanka pressed by UN to free war-displaced
September 18, 2009 (AFP) – A top UN official was due to wrap up a three-day visit to Sri Lanka on Friday after pressing the authorities to free tens of thousands of war-displaced civilians held in internment camps. UN Under Secretary General for Political Affairs Lynn Pascoe is scheduled to meet with President Mahinda Rajapakse […]
Sri Lanka exports fall 18.9-pct, imports 35.3-pct to July
Sept 18, 2009 (LBO) – Sri Lanka exports fell 18.9 percent in the 7-months to July while imports fell 35.3 percent as a trade contraction continued, while the trade deficit narrowed 6.5 percent to 1,883 million US dollars. In July exports fell 23.1 percent to 652.2 million compared with exceptionally high growth recorded last year, […]
Sri Lankan stocks up 2.05-pct for second consecutive day
Sep 17, 2009 (LBO) – Sri Lanka stocks extended gains Wednesday closing 2.05 percent higher, up 95.8 percent over the beginning of the year, while an initial public offer of a power firm was over subscribed, brokers said.Hemas Power which offered 31.3 million shares to raise 626 million rupees has attracted subscriptions valued at over […]
Repair Work
Sept 17, 2009 (LBO) – Sri Lanka’s Colombo Dockyard said it has won repair orders from an Indian tanker owner with the end of the 30-year ethnic war helping to attract new business.The listed shipbuilder said in a statement that Pratibha Shipping Co had sent two tankers for dry-docking repairs in mid-June and early July, […]