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Sri Lanka’s JVP to vote for no-confidence against Finance Minister
June 06, 2016 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna (JVP) today said the party will vote in favor of the upcoming no-confidence motion against Finance Minister Ravi Karunanayake. The no-confidence motion handed over in March by the Joint Opposition will be taken up for debate on Wednesday and the vote will be taken […]
PTL Watch: Yields dip on mid-tenor bonds
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SriLankan Airlines joins global crackdown on illegal wildlife trade
SriLankan Airlines on Thursday 2nd June joined a landmark worldwide drive to crack down on the illegal global trade in wildlife that has brought many of the world’s rare species close to extinction. SriLankan was among several international airlines which pledged their full support for the ʻUnited for Wildlifeʼ initiative, at the annual general meeting […]
Kia introduces Sri Lanka to its latest addition to iconic range
Kia Motors (Lanka) has announced that the new Kia Soul, the Korean car marker’s inimitable compact crossover SUV, has arrived in Sri Lanka exclusively for enthusiasts who believe that a car must have a distinct character and soul. Considered one of the most widely recognised and individualistic models in the Kia Motors vehicle line-up, the […]
Global economies stuck in low growth trap, Policy makers need to keep promises: OECD
Jun 06, 2016 (LBO) – The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path, the OECD’s latest economic outlook says. “Growth is flat in the advanced economies and has slowed in many of the emerging […]
Sri Lanka to set up University for Police and Criminal Justice
June 06, 2016 (LBO) – Sri Lanka’s government is looking to establish a separate University for Police and Criminal Justice similar to that of the Melbourne Deakin University, Prime Minister Ranil Wickremesinghe said. “This university is not based on the university structure of Sri Lanka or United Kingdom,” the Prime Minister emphasized. “This will be […]
Sri Lanka falling short on HRC commitments, says report
June 06, 2016 (LBO) – Sri Lanka is falling short on commitments made at the Human Rights Council on addressing the legacy of war and implementing peace and reconciliation measures, the Sri Lanka Campaign said, releasing a score-card on steps taken so far. The government responded to OHCHR Investigation on Sri Lanka (OISL) findings by […]
Norway to ban all fuel-based cars by 2025
June 06, 2016 (LBO) – Norway will ban the sale of fossil fuel-based cars by 2025, with politicians from both sides agreeing that cars need to run on green energy, reports said. The report follows the announcement that Norway will become the first country in the world to commit to zero deforestation, the Independent reported. […]
Blast at Sri Lankan armoury kills one soldier, thousands evacuated
June 06, 2016 (LBO) – One soldier was killed and thousands of people were evacuated after an explosion on Sunday at the Salawa Army Camp, where one of Sri Lanka’s largest ammunition stores is located. Explosions at the army camp continued for more than five hours and the blasts were heard 12 km away, local […]
IMF approves 36-month EFF facility of USD1.5 Bln to Sri Lanka
June 04, 2016 (LBO) – The Executive Board of the International Monetary Fund (IMF) has approved a 36-month Extended Fund Facility (EFF) to Sri Lanka for 1.5 billion dollars, to support the country’s economic reform agenda, the IMF said. The arrangement aims to meet balance of payments needs arising from a deteriorating external environment and […]
JVP protest against recent VAT hike
JVP on Friday held a protest march against recent VAT hike…