Tag: lbo
Sri Lanka opposition speaks out on rule of law
June 07, 2011 (LBO) – Sri Lanka’s main opposition which contributed to the systematic breakdown of rule of law and limiting the freedoms of the people, has spoken out against the growing lawlessness and attacks on unarmed sections of the population. But small civil society organizations such as Friday Forum, Citizens Movement for Good Governance, […]
Sri Lanka raises US$2.1bn to rebuild north
June 07, 2011 (LBO) – Sri Lanka has raised 2. 1 billion US dollars to rebuild roads, rail, power, hostpital, water supply and help resettle refugees in the war torn Jaffna region in 2010, a finance ministry report said. These funding programmes have helped to resettle internally displaced people within a short period of time […]
Sri Lanka gets FDI US$236mn in first quarter
June 07, 2011 (LBO) – Sri Lanka has received 236 million US dollars in foreign direct investments in the first quarter of 2011, up 160 percent from a year earlier, led by tourism, the state investment promotion agency said. Hong Kong based Shangri-La group which bought land in Sri Lanka’s capital Colombo and Hambantota in […]
Sri Lanka skipper Dilshan defies England
LONDON, June 4, 2011 (AFP) – Sri Lanka captain Tillakaratne Dilshan led from the front with an unbeaten century as the tourists fought back against England on the second day of the second Test at Lord’s here Saturday. At stumps, Sri Lanka were 231 for one, 255 runs behind England’s first innings 486. Dilshan, who […]
Sri Lanka state withdraws controversial pension bill
June 03, 2011 (LBO) – Sri Lanka minister of labour has withdrawn a proposed law to build a third state controlled pension fund from the salaries of private sector workers, following protests that left at least one worker dead. Sri Lanka’s labour minister Gamini Lokuge has formally withdrawn the bill, the department of labour said […]
Sri Lanka judicial independence seen weakening
June 03, 2011 (LBO) – The International Bar Association’s human rights arm said it was concerned over what it called “the increasing erosion of judicial independence in Sri Lanka.” The association’s Human Rights Institute (IBAHRI) said recent and planned changes to the island’s constitution could undermine the independence of the judiciary. The International Bar Association’s […]
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June 03, 2011 (LBO) – Sri Lanka spent 5. 5 billion US dollars in its military campaign which crushed Tamil Tiger separatists, far less than what foreign powers spent on their current wars, central bank governor Nivard Cabraal said. “It was a vital investment not an expenditure like what many people would think it is,” […]
Sri Lanka monks join anti-pension protests
June 3, 2011 (AFP) – Hundreds of Buddhist monks took to the streets of Sri Lanka’s capital Friday to express solidarity with factory workers protesting a controversial pensions bill. The legislation sparked clashes with police on Monday in which a factory worker was fatally shot and more than 150 were wounded. Saffron-robed clergy marched to […]
Sri Lanka deploys troops at free-trade zone
June 3, 2011 (AFP) – Sri Lanka deployed heavily-armed troops around the country’s main free-trade zone on Friday as tension mounted ahead of the weekend funeral of a factory worker shot dead by police, officials said. Soldiers were placed in the Katunayake zone, just next to the country’s only international airport where a range of […]
Sri Lanka central bank to restore second historic building
June 02, 2011 (LBO) – Sri Lanka’s central bank which has restored a historic building in Colombo city’s old quarter which features colonial era architecture will begin work on a second building that it has bought, a top official said. The central bank officially opened ‘Lloyds Building’ in Sir Baron Jayetilleke Mawatha in Colombo’s Fort […]
Sri Lanka pension bill protestor dies
June 02, 2011 (LBO) – A Sri Lankan worker who was shot while protesting a state plan to deduct more money from private sector worker salaries to build a new state-controlled pension fund has died as the country’s police chief stepped down. The proposed plan would see deductions going up further. Sri Lanka’s state workers […]
Sri Lanka tax collections up but revenue deficit wide in 1Q
June 01, 2011 (LBO) – Sri Lanka’s first quarter 2011 state revenues rose 19. 5 percent from a year earlier to 218.4 billion rupees ahead of annual projections of 17. 8 percent with people paying 24.3 percent more taxes , but the revenue deficit was wide. Current expenses pulled ahead at a 9. 9 percent […]