Tag: lbo
Sri Lanka caught in Indian Ocean power struggle – scholar
July 31, 2012 (LBO) – Sri Lanka will inevitably be drawn in to power struggle for dominance in the Indian ocean as China increasingly seeks to extend its clout beyond its “traditional areas of operation into the Indian ocean,” a top US political scientist told a gathering in Colombo. Professor Sumit Ganguly, a renowned US […]
Sri Lanka briefs diplomats on LLRC action plan
July 31, 2012 (LBO) – Sri Lanka Tuesday briefed diplomats on the implementation of recommendations of a post war commission that looked into the root causes of the island’s ethnic conflict, ahead of a key UN human rights review later this year. External Affairs minister G.L. Peiris and secretary to the president Lalith Weeratunga has […]
Appeal Option
July 28, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has lost an appeal against a London ruling that forced it to pay up on a complex oil derivative it bought in 2008, a media report said. “It has been reported that the order is against us,” Sri Lanka’s Attorney General Palitha Fernando was […]
‘s 2013 budget to allocate funds for lesson commission proposals
July 27, 2012 (LBO) – Sri Lanka’s budget for 2013 will allocate funds for state agencies where money is needed to implement recommendations of a commission which went in to the root causes of a civil war, a top official said. Sri Lanka’s Lessons Learnt and Reconciliation Commission (LLRC), has come up with a number […]
Lube Warning
July 22, 2012 (LBO) – Sri Lanka’s Chevron Lubricants has reported net profits of 533 million rupees in the June 2012 quarter, up 26 percent from an year earlier, but has warned of tougher times ahead. The firm said earnings for the quarter were 4. 40 rupees per share. In the half year to June […]
Sri Lanka expands diplomatic relations in Africa
July 05, 2012 (LBO) – Sri Lanka will start diplomatic relations with 15 African countries, cabinet spokesman Keheliya Rambukwella said. Diplomatic relations will be established with the Islamic Republic of Mauritania, Republic of Malawi, Burkina Faso, Republic of Chad, Republic of Djibouti, Central African Republic, Gabonese Republic, Republic of Cameroon, Republic of Cote d’lvoire, Republic […]
Sri Lanka asked by US, EU to stop media suppression
July 2, 2012 (LBO) – The European Union and the United States has called upon Sri Lanka not to suppress media and limit freedom of expression, after the arrest of journalists working for two websites critical of the ruling administration. The two websites are linked to Sri Lanka’s main opposition United National Party. “The Heads […]
Sri Lanka senior opposition figure calls for end to arbitrary rule
July 01, 2012 (LBO) – Karu Jayasuriya, deputy leader of Sri Lanka’s main opposition United National Party has called for an end to arbitrary rule stemming from the current constitution, a report said. “As a member of the UNP, the country’s single largest political party, I believe that the time is right to call upon […]
Sri Lanka newspaper editor ouster worrying: media watchdogs
June 23, 2012 (LBO) – Sri Lankan and international media freedom organizations had expressed expressed concern over the removal of an editor of Ceylon Today, a Sri Lankan broadsheet, and said it sought to find out the reasons. œThe dismissal of Lalith Allahakkoon by Ceylon Today is worrying, Reporters without Boraders a Paris based press […]
Oil Exemption
June 12, 2012 (LBO) – Sri Lanka, India, Malaysia, Korea, South Africa, Turkey and Taiwan has been recognized as countries that have significantly cut oil imports from Iran, US secretary of state Hilary Clinton has said. Financial institutions of countries that traded with Iran faced the possibility of being penalized in international trade settlements by […]
Debt Games
June 11, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has run debts of 65 billion rupees with other state entities by May 31 and talks are on to clear them with a Treasury bond, a minister has said. Petroleum minister Susil Premjayantha has told parliament furnace oil is still being sold to […]
Gas Trend
May 30, 2012 (LBO) – Sri Lanka’s Laugfs Gas Plc, which has interests in cooking gas distribution, emissions testing and leisure posted profits of 639 million rupees in the six months to March 2012, up 15 percent from a year earlier, interim accounts showed. The group reported earnings of 1. 39 rupees per share for […]