Monthly Archives: February 2015

India to prune duties for Pak, Sri Lanka under SAFTA

India to prune duties for Pak, Sri Lanka under SAFTA

India will bring down the list of sensitive items that are presently shielded from duty cuts under the South Asian Free Trade Agreement (SAFTA) for Pakistan and Sri Lanka in a calibrated manner. ‘”I think in the next committee of experts meeting, we will see …

CJ acted in violation of international standards of judicial conduct

CJ acted in violation of international standards of judicial conduct

Foreign Minister Mangala Samaraweera making a statement in Parliament yesterday said Mohan Peiris has acted in complete violation of the international standards of judicial conduct and he cannot be expected to command the respect and confidence of the international community or of any honest Sri …

Ananthy Sasitharan wants evidence

Ananthy Sasitharan wants evidence

Northern Provincial Councillor Ananthy Sasitharan has requested the leadership of Ilangkai Thamizh Arasuk Kadchi (ITAK) to provide evidence in the form of records of debates, decisions and the names of participants to document that a democratic decision was arrived at before Mr R. Sampanthan went …

Election Surprise Proves Letdown for Sri Lanka Investors

Election Surprise Proves Letdown for Sri Lanka Investors

An election hailed as a leap forward for Sri Lanka’s democracy is proving a step back for investors. President Maithripala Sirisena’s government last week canceled casino licenses, and his first budget reduced public investment and included a one-off windfall tax on company profits. The country’s …

Modi to visit Jaffna

Modi to visit Jaffna

Prime Minister Narendra Modi will travel to Sri Lanka in March, the first bilateral visit by an Indian Prime Minister to the island nation in over 25 years. During the visit, Mr. Modi is likely to travel to Jaffna in the Tamil-majority Northern Province, official …

Vavuniya residents call for accountability, justice and repeal of PTA

Vavuniya residents call for accountability, justice and repeal of PTA

Residents in Vavuniya called for the repeal of the Prevention of Terrorism Act, the release of political prisoners and accountability and justice for war crimes and crimes against humanity, stating that until these issues were resolved, Sri Lanka’s Independence Day on February 4, would be …

US Pledges Support for Government’s Reforms

US Pledges Support for Government’s Reforms

The United States threw their support behind the new Sri Lankan government of President Maithripala Sirisena Monday, pledging Washington’s support for the government’s 100 day reform program. Assistant Secretary of State Nisha Biswal, who is the first high level U.S. diplomat to visit Sri Lanka …

16,000 refugee children born in India stateless

16,000 refugee children born in India stateless

About 16,000 children born to Sri Lankan refugees in India are stateless since they do not have Sri Lankan citizenship and enjoy a mere refugee status. This piquant situation is being raised by activists at a time when Indian and Sri Lankan governments are seriously …

US eyes deeper ties

US eyes deeper ties

The surprise defeat of Mahinda Rajapaksa and the new government’s early steps to end repression have stirred U.S. hopes that the South Asian island nation can revive ties with Washington and distance itself to some degree from China. The United States takes an important step …

Shares fall to 5-mth low after Govt’s retrospective tax plan

Shares fall to 5-mth low after Govt’s retrospective tax plan

Sri Lankan shares fell more than 2 percent on Monday to their lowest in five months, led by blue chips on concerns over future earnings after the new government imposed a retrospective 25 percent ‘super gain tax’ in its supplementary budget. The market has lost …