Category: Other
South Asian market should integrate to tap global growth: SEC Chief
Apr 27, 2015 (LBO) – South Asian regional markets need to interact with each other in order to tap in to global economic growth, Chief of the Securities Exchange Commission said. “There is a systematic surge in the region towards a greater degree of economic integration in the real sector through bilateral and multilateral trade […]
” rescue mission begins
Apr 26, 2015 (LBO) – India has begun its efforts to rescue people trapped in Nepal where a massive earthquake of 7.9 magnitude left over 1,900 people died. It is also reported that tremors measuring 5.5 on Richter Scale has hit Nepal again on Sunday morning though no loss of life or destruction has so […]
Sri Lanka up 5 notches in World Happiness Report 2015
Apr 24, 2015 (LBO) – Sri Lanka’s happiness has climbed five places to rank at 132 position bagging 4.271 points in the latest World Happiness Report published on Thursday. The country was ranked 137th in the second edition of the report published in 2013. Switzerland topped the ranking while Iceland bagged the second place in […]
Sri Lanka’s entrepreneur Otara Gunawardene says “I have no regrets selling Odel”
Apr 23, 2015 (LBO) – Sri Lanka’s entrepreneur Otara Gunawardene, who started her retail business selling garment factory surplus stock from the back of a van and then turned it into one of the largest fashion and lifestyle retail chains in the Island says, she has no regrets selling her 25 year old business empire. […]
Sri Lanka’s government will support agriculture to strengthen local economy: President
Apr 22, 2015 (LBO) –Sri Lanka’s government will support agricultural based industries in order to build the Island’s economy, President Maithreepala Sirisena, said in a statement.“The government will give priority to build a local economy based on agriculture,” the President was quoted saying in a statement released by his office.The President was speaking at the […]
Sri Lanka warns errant traders: 5500 detections across the Island
Apr 09, 2015 (LBO) – Sri Lanka’s government has detected 5500 errant traders in the past three month period stating Jan 2015 and warns a 10,000 rupees fine and six months imprisonment for sole owners and up to one million fine for supermarket chains for tampering with labels and price changes.“We have strengthened the detection […]
‘s President appoints a new law commission
Mar 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed new members for the law commission, justice ministry said in a statement.The law commission act provides that suitable eminent persons who have held or hold judicial office, or have experience as attorneys-at-law or teachers in law or are academically qualified in law can […]
Corruption Allegations
Mar 12, 2015 (LBO) – Sri Lanka’s minister for child development Rosy Senanayake said some bribery and corruption arrests are delayed because it has to be dealt with through the stipulated legal channels.I have taken my grievances to minister John Amarathunga and the prime minister and have clearly explained that we are bound by the […]
Allegation
Mar 06, 2015 (LBO) – The bribery allegations made against Minister of Industry and Commerce Rishad Bathiudeen are politically motivated, the minister said in a media release. I kindly request your esteemed office to expeditiously inquire in to whatever the allegations therein and reveal the outcome to the general public of Sri Lanka. Former Minister […]
Bond Allegation
Mar 06, 2015 (LBO) – Sri Lanka’s Economic Affairs and Policy Planning Ministry said that the government will issue a statement today regarding an alleged insider dealing in Sri Lanka government securities markets by a firm connected to the family of Sri Lanka Central Bank Governor. Asked about the issue, economic affairs deputy minister Harsha […]
Warning
Feb 09, 2015 (LBO) – Sri Lanka warns the errant traders who hasn’t given recent budgetary relief to the consumers and has instructed the Consumers Affairs Authority (CAA) to ˜move fast’ on such issues, the ministry of Industry and Commerce said in the media release. I have received a number of complaints from the consumers […]
Corruption
Feb 02, 2015 (LBO) – Sri Lanka former Health Minister Tissa Attanayake had been arrested by the Criminal Investigation Department (CID) today. Speaking to media Police Spokesman Ajith Rohana said, the arrest was made on charges of creating forged documents during the Presidential Election held January. Attanayake was the general secretary at United National Party […]