Monthly Archives: July 2015

Rajapaksa comeback bid checked by Sri Lanka bribery probe

Rajapaksa comeback bid checked by Sri Lanka bribery probe

Sri Lanka is investigating a Chinese firm on suspicion of offering a bribe to Mahinda Rajapaksa’s failed presidential re-election campaign, a source close to the investigation said, weeks before he seeks to pull off a comeback in a general election. Ousted by erstwhile ally Maithripala …

Conviction of ‘LTTE sympathisers’ set aside

Conviction of ‘LTTE sympathisers’ set aside

The Madras High Court Bench here on Friday set aside an “illegal conviction and seven-year sentence” imposed by a trial court on three people, alleged to be LTTE sympathisers, on charges of conspiring to smuggle acetone, glycerine, formaldehyde and dicyanamide to Sri Lanka for making …

Worrying is GOOD for you: Anxiety and sleepless nights are part of the brain’s way of planning ahead

Worrying is GOOD for you: Anxiety and sleepless nights are part of the brain’s way of planning ahead

The time is 4.06am and I’m wide awake. There’s no light in the bedroom and almost no sound. Outside, the street is as close to dead-of-night silence as a city centre street can be. And yet within my head there’s noise — a churning, repetitive, …

President to appoint special investigation commission on Golden Key

President to appoint special investigation commission on Golden Key

Sri Lanka is to appoint a special investigation commission to probe irregularities occurred in the Golden Key Company, President Maithripala Sirisena said. “I decided to appoint a special investigation commission headed by a retired judge on Golden Key Company after having discussions with Prime Minister …

Sri Lankan Policy driven by Political events

Sri Lankan Policy driven by Political events

Sri Lankan central bank Governor Arjuna Mahendran talks about policy and the nation’s economy. The central bank kept its interest rates unchanged and said near-record-low inflation is likely to continue for the next few months. Mahendran speaks with Rishaad Salamat on Bloomberg Television’s “Trending Business.” …

Government mulls a Naval Dockyard in Hambantota port

Government mulls a Naval Dockyard in Hambantota port

The Sri Lankan government is looking into the possibility of constructing a naval dock yard at Hambantota Port in the deep south. The cabinet of ministers on Wednesday (22) took note of a report submitted by the Minister of Ports and Shipping Arjuna Ranatunga to …

Shares near 8-week high on political stability hopes, earnings

Shares near 8-week high on political stability hopes, earnings

Sri Lankan shares rose to near eight-week high on Thursday, gaining for a second session as hopes of political stability after Aug. 17 parliamentary polls and better earnings lifted sentiment, brokers said. At 0702 GMT, the main stock index was up 0.25 percent at 7,217.53, …

Political leaders urged to seek genuine change

Political leaders urged to seek genuine change

As Sri Lanka today commemorates ‘Black July’, political leaders have been urged seek genuine change in the country and to bravely and honestly address the key issues that Sri Lanka as a country needs to resolve. The National Peace Council noted that rampant violence that …

ISIS Militant Went in Guise of Doing Relief Work

ISIS Militant Went in Guise of Doing Relief Work

Sharfaz Shuraih Muhsin alias Abu Shureih Seylani (37), the alleged Sri Lankan recruit to the Islamic State of Iraq and Syria (ISIS), who died in an air strike in Syria on July 12, had told his family prior to his departure for the Middle East …

Lanka’s election outcome important – former US Intelligence Director

Lanka’s election outcome important – former US Intelligence Director

Election outcome in Sri Lanka is important for the region and the world. Dennis Cutler Blair, the former United States Director of National Intelligence and former US Navy admiral said “Sri Lanka’s parliamentary election on August 17 will determine whether the reforms of President Maithripala Sirisena, …