Jun 26, 2015 10:56:45 AM
June 26, 2015 (LBO) – Sri Lanka’s Parliament has been dissolved with effect from midnight today, reports said. Reports also stated that president has signed the gazette notification dissolving the Parliament even though President’s Media is yet to confirm the reports. According to certain reports the government printer has also confirmed that he has received […]
Jun 26, 2015 7:55:08 AM
June 26, 2015 (LBO) – Sri Lanka’s government has signed two loan agreements with OPEC fund for international development on Friday to obtain a part financing for rehabilitation of a A5 road corridor from Badulla to Chenkaladi. The road which is one of the major highways linking parts of the Central Province to Eastern Province […]
Jun 26, 2015 6:50:22 AM
June 26, 2015 (LBO) – Sri Lanka’s Nation Lanka finance, a finance company to issue 502 million right issue to existing shareholders to strengthen the core capital of the company. The company will issue 502,326,522 shares in a proportion of two shares for every one share held, the company said in a stock filing. A […]
Jun 26, 2015 4:35:27 AM
June 26, 2015 (LBO) – Sri Lanka’s cabinet has decided to implement a capital loan scheme for the tea industry and a guaranteed price scheme for the natural raw rubber. The capital loan scheme will be implement for all owners of tea industries through all State and Commercial Banks. The Cabinet has approved to provide […]
Jun 26, 2015 3:29:59 AM
June 26, 2015 (LBO) – Sri Lanka’s foreign policy should have preventive diplomacy approach addressing concerns with human rights and prevent those becoming foreign policy issues, Governor of Northern Province said. “Some of the foreign policy challenges including concerns with human rights issues also remain,” G S Palihakkara, Governor of Northern province said. “These could […]
Jun 26, 2015 3:29:00 AM
Jun 26, 2015 (LBO) – An A380 flight of Emirates Airlines with 501 passengers from Sydney to Dubai made an emergency landing in Colombo, an airport duty manager said. “Emirates flight EK413 from Sydney to Dubai on 25th June was diverted to Colombo due to a technical fault,” a statement from the Airline said. “The […]
Jun 25, 2015 11:05:17 PM
The private sector can take great steps towards reconciliation and empowerment in the past conflict stricken areas, according to Northern Province Governor H M G S Palihakkara, who spoke at the 176tth Annual General Meeting of the Ceylon Chamber of Commerce yesterday.
Jun 26, 2015 1:44:22 AM
Jun 26, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena denied reports regarding a meeting with the Former President Mihinda Rajapaksa yesterday (25), a statement said. “Several media reports this moring claiming a meeting with the former President, Mahinda Rajapaksa yesterday (25) are false,” a statement from the Presidents media office said. The meeting between […]
Jun 25, 2015 11:51:06 PM
June 26, 2015 (LBO) – Sri Lanka needs to look beyond developing infrastructure as a strategy to uplift economy and minimizing gaps between urban and rural through regional inclusivity, strengthening small and medium enterprises and development of education and skill, a chamber official said. “Looking back we have achieved much but fresh challenges seem to […]
Jun 25, 2015 4:13:14 PM
The World Bank Board approved a $ 50 million credit to improve the quality and increase equitable access to Early Childhood Development (ECD) services in Sri Lanka. Early investment in human capital development is particularly effective at increasing the ability of disadvantaged children to access learning opportunities. It will also contribute to improve learning outcomes and support Sri Lanka ...
Jun 25, 2015 4:07:21 PM
France is very eager to strengthen bilateral relations and economic cooperation with Sri Lanka in several areas such as trade, investment, tourism, fisheries, water purification, environment protection and curtailing drug smuggling, the President’s office said in a statement.
French Ambassador Jean-Marin Schuh said this when he called on President Maithripala Sirisena yest...
Jun 25, 2015 4:06:41 PM
Tourism and Sports Minister Navin Dissanayake addresses the media briefing held yesterday at Sirikotha
- Pic by Shehan Gunasekara
By Chamodi Gunawardana
The United National Party (UNP) yesterday said that neither it nor the Sri Lanka Freedom Party (SLFP) could pass the 20th Amendment for its own interests if it was creating problems for minority parti...
Jun 25, 2015 4:06:34 PM
In celebration of the 70th birthday of former president Chandrika Bandaranaike Kumaratunga, well-wishers from across Sri Lanka have organised a 10-day series of religious services and charitable activities in various parts of the island from 26 June to 5 July.
The events will recognise her decades of leadership and service to the country and be highlighted by multi-religious services. These inc...
Jun 25, 2015 4:06:01 PM
The Colombo High Court sentenced a soldier to death yesterday after he was found guilty of murdering eight people in 2000 in Mirusuvil in Jaffna.
Four other suspects were acquitted in the case.
Army Staff Sergeant Sunil Ratnayake who was found guilty of having killed eight people in Mirusuvil at Jaffna in 2000 was sentenced to death by the Colombo High Court yesterday – Pic...
Jun 25, 2015 4:04:17 PM
By Ashwin Hemmathagama Our Lobby Correspondent
Deputy Speaker Chandima Weerakkody confirmed that Nimal Siripala de Silva was the Opposition Leader in response to a question raised by JVP Leader Anura Dissanayaka as to who held the post, during a heated debate in Parliament yesterday.
“The Opposition Leader has become the Prime Minister, the former Leader of the House is now the Oppositio...
Jun 25, 2015 4:04:02 PM
By Ashwin Hemmathagama Our Lobby Correspondent
Prime Minister Ranil Wickremesinghe countered accusations made by Opposition lawmaker Dinesh Gunwardena that former President Mahinda Rajapaksa was being ill-treated by listing the facilities he had been provided with.
According to the Presidents Entitlements Act No. 4 of 1986 and the 503/2005 FR Supreme Court petition, a former President is entit...
Jun 25, 2015 3:07:05 PM
Kathmandu: Sri Lanka has pledged US$ 1.5 million in aid for the recovery of Nepal after the deadly April 25 earthquake and the subsequent aftershocks that ravaged the Himalayan country.
Sri Lanka made its pledge to aid the recovery efforts of Nepal during the International Conference on Nepal’s Reconstruction held at Hotel Soaltee in Kathmandu on Thursday.
During the conference donor cou...
Jun 25, 2015 3:07:03 PM
Reuters (London): The global HIV epidemic could see a resurgence in just five years without a drastic acceleration in efforts to prevent and treat the AIDS virus, the United Nations and disease experts said on Thursday.
While good progress has been made in improving access to life-saving AIDS drugs, an analysis by UNAIDS and an expert panel commissioned by The Lancet medical journal found the r...
Jun 25, 2015 3:04:18 PM
The annual Prize Giving of Wesley College will be held at 4:30 p.m. on Friday 26 June at the College Hall under the auspices of the incumbent Principal Upali Ratnayake. Chief Guest on the occasion will be the Bishop of Colombo, Rt. Revd. Dhiloraj Ranjit Canagasabey. All are welcome.
Jun 25, 2015 2:58:38 PM
June 26, 2015 (LBO) – The Asian Development bank is to grant a loan of 453 million US dollars to help deliver surplus water from the Mahaweli river basin to the dry zone, a statement said. “Sri Lanka has abundant water resources but they are not distributed evenly across the country,” Lance Gore, ADB Water Resources Specialist said in […]
Jun 25, 2015 2:38:56 PM
June 26, 2015 (LBO) – Sri Lanka’s gross official reserves are estimated to have increased to 7.6 billion US dollars by 22 June 2015 and expected to stabilize at comfortable levels in the coming months, the Central Bank said. Proceeds of the latest international sovereign bond, Sri Lanka development bonds and the currency swap arrangement […]
Jun 25, 2015 1:07:56 PM
June 25, 2015 (LBO) – Sri Lanka’s cabinet spokesman Rajitha Senaratne said, the government will not be dissolve without enacting 20th amendment to the constitution which includes election reforms. “Everyone supported in removing presidential powers,” Senaratne said. “But they have a problem when something affecting to their powers,” “Even I will be affected. But this […]
Jun 25, 2015 9:58:59 AM
The High Commissioner of Pakistan in Sri Lanka Maj Gen Syed Shakeel Hussain hosted a banquet in Colombo to welcome Pakistan cricket team, which is visiting the Island nation to play 3 Tests, 5 ODIs and 2 T20s with their Sri Lankan counterparts. Welcoming the Cricketers in Sri Lanka, HE Shakeel Hussain said that Pakistani […]
Jun 25, 2015 7:51:46 AM
June 25, 2015 (LBO) – Sri Lanka’s export earnings dropped 7.4 percent to 708 million US dollars in April 2015 form a year earlier mainly due to the reductions in tea and petroleum product exports, the Central bank said. The reductions recorded in exports earnings from tea, petroleum products, sea foods, rubber products and textiles […]
Jun 25, 2015 7:20:07 AM
June 25, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 100 million US dollars have been oversubscribed with 357.00 million US dollars of bids received from investors. The central bank has accepted 255.00 million US dollars of one year bonds at a floating rate of weighted average margin over six month […]
Jun 25, 2015 7:04:37 AM
June 25, 2015 (LBO) – Sri Lanka’s stocks closed lower with index heavy stocks losing ground ahead of possible dissolution of Parliament, brokers said. The Colombo benchmark All Share Price Index closed 22.50 points lower at 7,031.33 down 0.32 percent and the S&P SL20 closed 14.34 points lower at 3,913.06 down 0.37 percent. Turnover was […]
Jun 25, 2015 4:57:36 AM
June 25, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake has sent a letter of demand to Parliamentarian Bandula Gunawardena demanding two billion rupees as defamation charges. Gunawardena who has participated in a debate on a local TV channel has said that three million US dollars has come from Raj Rajaratnam of USA to […]
Jun 24, 2015 10:54:17 PM
Prime Minister Ranil Wickremesinghe presented over 1,200 letters of appointment to openings at the three state banks and Sri Lanka Customs to young graduates, under his promise to create one million jobs within five years.
Jun 25, 2015 1:50:14 AM
June 25, 2015 (LBO) – Former Pakistan captain Zaheer Abbas has assumed the role of the ICC President on day three of the 105 member ICC Annual Conference week in Barbados on Wednesday. Zaheer began his one-year term and thanked the ICC Board and the Full Council for confirming his nomination, ICC said in a […]
Jun 25, 2015 1:32:27 AM
Jun 25, 2015 (LBO) – The World Bank said it has approved a 50 million US dollar credit to improve the quality and increase access to Early Childhood Development (ECD) services in Sri Lanka. “Early investment in human capital development is particularly effective at increasing the ability of disadvantaged children to access learning opportunities,” a […]