Category: Other
Corruption
Jan 22, 2015 (LBO) – Sri Lanka has seized the passports of former Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal and Parliamentarian Sajin Vass Gunawardena, a media report said. The report said the Commission to Investigate Allegations of Bribery or Corruption has issued a directive to the Department of Immigration and […]
Heavy Rains and Floods force a 660,000 Sri Lankans from homes
Dec 26, 2014 (LBO) – Heavy raining and flooding in Sri Lanka has forced about 663228 people out of their homes, the disaster management center (DMC) said Thursday. It is also said, that cloudy skies and intermittent showers or thundershowers will occur over most parts of the country and very heavy falls are also likely […]
Sri Lanka tops web searches on Google for the term sex
Dec 18, 2014 (LBO) – Sri Lanka has become the top nation beating India, having highest volume of internet searches for the term ˜sex’, a report released by Google trends said. Homagama, Colombo and Nugegoda topped the list of people Googling the term ˜sex’ in 2014 in the Western Province, while Kandy came the fourth […]
Human Smuggling
Dec 17, 2014 (LBO) – The Australian Government to continue its tough border protection measures to manage illegal maritime arrivals and combat people smuggling, the high commission of Australia said at a media conference held Colombo.On 26 November 2014, Sri Lanka and Australia worked together to disrupt a people smuggling venture carrying 38 Sri Lankan […]
Sri Lanka™s tea industry under pressure due to high costs
Oct 30, 2014 (LBO) – Sri Lanka™s Ceylon Tea is in its death spiral due to higher cost of production and wages and, needs more value addition, marketing and branding to uplift the industry to its former glory, an industry official said. Ceylon tea still has its position for quality but it is under severe […]
Sri Lanka Planters™ Association says sustainability of tea industry in the hands of workers
Oct 30, 2014 (LBO) – Sri Lanka planter association estimates increase of two kilograms in the daily plucking average of tea of each worker can bring down unit cost of production by 30 rupees or 6.5 percent and significantly boost Sri Lanka™s entire plantation industry and benefit all stakeholders by bringing down the skyrocketing unit […]
Greece Bonds
Sep 29, 2014 (LBO) –Sri Lanka’s Supreme Court dismissed the Fundamental Rights application filed by Mr Sujeewa Arjune Senasinghe of Colombo 3 against the Monetary Board complaining that the Central Bank, in purchasing Greece Government Bonds, had acted in an unlawful, irresponsible and an arbitrary manner, Central Bank said in a media release. This decision […]
Sri Lanka ranked 19th in creative productivity index by ADB
Sep 15, 2014 (LBO) – Sri Lanka ranked 19th in creative productivity index which was jointly developed by Asian Development Bank and Economist Intelligence Unit (EIU) to give policy makers a to assess how best to foster creativity and innovation in 22 Asian economies.“As countries seek to innovate to avoid middle-income traps, all governments especially […]
Trade Agreement
September 10, 2014 (LBO) – Sri Lanka and China in talks to finalize a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Mutual Recognition of Standards Lack of mutual recognition of standards between two […]
Sri Lanka to minimize the application of Agro chemical in agriculture
September 05, 2014 (LBO) – Sri Lanka cabinet has given approval to the progamme of work to minimize the application of agro chemicals in agriculture in the Island, a statement said. The programme was submitted to the Cabinet by Mahinda Yapa Abeywardena, Minister of Agriculture. Sri Lanka imports 8000 metric tons of agro chemicals and […]
‘
COLOMBO, September 3, 2014 (AFP) – A retired Sri Lankan soldier died on Wednesday, a day after setting himself alight in what police said was a protest against UN moves to investigate the country’s war record.The 73-year-old man set himself on fire on Tuesday near President Mahinda Rajapakse’s tightly-guarded residence in Colombo, police spokesman Ajith […]
Free Trade
September 03, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Coverage of Goods For most of China’s FTAs partners, the agreements have […]