Category:
‘s constitutional crisis
October 27, 2018 (LBO) –
Premiership Stakes – the race to 113 votes in Parliament
October 27, 2018 (LBO) – A few hours ago, Sri Lankans were throttled by one of the most shocking political developments in the country’s tumultuous modern history. Stunning the whole country, President Maithripala Sirisena swore in former President Mahinda Rajapaksa as the Prime Minster. First reports of this development were met by disbelief, many even […]
Ranil challenges Mahinda to prove majority in Parliament
Oct 26, 2018 (LBO) – Ranil Wickremesinghe on Friday night challenged Mahinda Rajapaksa to prove the majority in Parliament in order to resolve the issue democratically.Special statement delivered by Wickremesinghe at Temple Trees today: “I’m addressing you as the Prime Minister of Sri Lanka. I’m the Prime Minister under article 42 of the constitution in […]
Ranil – I am still the PM, I have majority in Parliament
October 26, 2018 (LBO) – Letter from PM to President saying he is still PM and commands the confidence of parliament.
Sagala – This is a breakdown of Democracy, the very thing we fought so hard for
October 26, 2018 (LBO) –
Mangala says appointment of Mahinda as PM unconstitutional
Oct 26, 2018 (LBO) – Finance Minister Mangala Samaraweera says the appointment of Mahinda Rajapaksa as the Prime Minister is unconstitutional and illegal.According to Samaraweera, the appointment is an anti-democratic coup.Small political parties including the All Ceylon Makkal Congress (ACMC), Tamil Progressive Alliance and Sri Lanka Muslim Congress (SLMC) are also to take a decision about […]
Former President Mahinda Rajapaksa sworn in as Prime Minister of Sri Lanka
Oct 26, 2018 (LBO) – Former President Mahinda Rajapaksa on Friday took oaths as the new Prime Minister of Sri Lanka before President Maithripala Sirisena at the Presidential Secretariat. Parliamentarian Dayasiri Jayasekara said the decision to leave the government was taken at a special UPFA meeting held in the afternoon. President and the new Prime Minister […]
Parliament passes resolution to raise Rs.310Bn under Active Liability Mgmt
Oct 26, 2018 (LBO) – Sri Lanka’s Parliament on Friday passed a resolution to raise up to 310 billion rupees by way of loans, in or outside Sri Lanka under the Active Liability Management Act. The Active Liability Management Act provides the legal framework for the government to raise loans for management of public debt […]
Virtusa Sri Lanka’s Madu Ratnayake appointed an Independent Director of HNB
Oct 26, 2018 (LBO) – Group CIO and the Center Head for Virtusa Sri Lanka Madura Duminda Ratnayake has been appointed as an Independent Non-Executive Director of Hatton National Bank.He is responsible for Virtusa’s global digital strategy and Virtusa’s Sri Lankan Operations.He is also responsible for enterprise digital business strategy and the core service delivery […]
John Keells Holdings (JKH) moving higher, up over 10% from multiyear lows
October 26, 2018 (LBO) – Shares in Colombo Stock Exchange (CSE) bellwether John Keells Holdings (JKH) have been in rally mode since touching multiyear lows of Rs126/share a few weeks ago. The stock closed the day up 3.4% to Rs140/share on volume of approximately Rs150mn. Shares in JKH were active yesterday as well with close […]
EU Ambassador appreciates progress being made to resolve investor issues
Oct 26, 2018 (LBO) – EU Ambassador Tung-Lai Margue participating in the 7th Edition of EU Dialogue that was held last week, has appreciated the encouraging progress being made by Sri Lanka to resolve investor issues. This meeting was held with several issues relating to EU companies in Sri Lanka being taken up for resolution. The […]
‘s health system enhancement project
Oct 26, 2018 (LBO) – Government has mobilized Grant and Concessional Loan assistance amounting to 50 million US dollars from the Asian Development Bank.This will be used to improve the efficiency, equity and responsiveness of the Primary Health Care system in line with the National Strategic Framework for Development of Health Services (2016 – 2025).The […]