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Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) – Sri Lanka’s president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians being bought over. In an address to the nation late Sunday night President Sirisena said, all of you will acknowledge what a tragical situation in politics when the value of the Members […]
Karu calls upon public servants to refuse illegal orders no matter from whom
Nov 11, 2018 (LBO) – Karu Jayasuriya on Sunday called upon all public servants to refuse to execute any illegal orders they may receive, no matter from whom. “I urge all public servants who have sworn an oath to defend the Constitution to revisit that oath,” Jayasuriya said. “Our foremost duty is to the Constitution. […]
Constitutional Crisis – Samantha Power says targeted sanctions should be on the table
November 10, 2018 (LBO) – Former United States Ambassador to the United Nations and human rights expert Samantha Power has taken an aggressive stance with regards to Sri Lanka’s constitutional crisis. Making several tweets on this issue, Samantha Power has advocated for targeted sanctions on Sri Lanka if constitutional democracy is not upheld. After the […]
Sri Lanka President dissolves Parliament
Nov 09, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has signed the proclamation to dissolve the Parliament from Friday midnight.According to the relevant Gazette, the fifth day of January 2019 has been fixed as the date for the election of the Members of Parliament. The leader of Pivithuru Hela Urumaya Udaya Gammanpila earlier in […]
Constitutional Crisis – Rs28bn foreign capital flees Sri Lanka in 2 weeks
November 9, 2018 (LBO) – Foreign selling of Sri Lanka’s stocks and bonds continued at a brisk pace in the second full week of Sri Lanka’s constitutional crisis. Net foreign selling of government securities was Rs9.9bn for the week, while net foreign selling of equities was Rs3.9bn. In the previous week the figures were strikingly […]
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark agreement on Thursday, 08th November 2018 to strengthen the scope of CA Sri Lanka members. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CA ANZ Chief […]
EU warns Sri Lanka constitution crisis could damage reputation and deter investors
Nov 09, 2018 (LBO) – Sri Lanka’s prevailing political crisis could further delay and damage the island’s international reputation and deter investors, a statement said.“Respect by all stakeholders for the provisions of the constitution will be important to maintain the confidence of the Sri Lankan people in democratic governance and the rule of law, the […]
Sri Lanka Tourism launches its new brand identity ‘So Sri Lanka’
Nov 09, 2018 (LBO) – Sri Lanka Tourism launched its new destination brand identity entitled ‘So Sri Lanka,’ at an event at the Grosvenor House London Ballroom, coinciding with the World Travel Market (WTM) 2018. The new brand identity was launched in the presence of the Tourism Minister Vasantha Senanayake; Member of the House of Lords […]
Anura Priyadharshana Yapa assumed duties as State Minister of Finance
Anura Priyadharshana Yapa assumed duties as the Minister of State for Finance at the finance ministry, Friday. Minister of Finance and Economic Affairs, Prime Minister Mahinda Rajapaksa, Ministers Lakshman Yapa Abeywardene and Dunesh Gankanda and Ministry Secretary S.R. Attygalle and other senior officials were present.
Haycarb records turnover of Rs.8.9Bn with PBT of Rs.502Mn for H12018/19
Nov 09, 2018 (LBO) – Haycarb PLC, a manufacturer of coconut shell activated carbon reported revenue of 8.9 billion rupees and profit before tax of 502 million rupees for the six months ending 30th September 2018. The profit after tax stood at 428 million rupees. Haycarb PLC Managing Director, Rajitha Kariyawasan said that the adjustment of […]
Sri Lanka President appoints more ministers and state ministers
Nov 09, 2018 (LBO) – Two new Cabinet Ministers and five new State Ministers were sworn in before President Maithripala Sirisena at the President’s official residence, Wednesday. The appointments are as follows: Bandula Gunawardena – Sworn in as International Trade and Investment Promotions Minister Susil Premajayantha – Sworn in as Public Administration, Home Affairs and Justice […]
‘s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) – Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company achieved a PAT of 358 million rupees in the second quarter (Q2) compared to the first quarter (Q1) PAT of 196 million rupees. The increase in the production […]