Monthly Archives: August 2015

Sri Lanka seeks compromise on China-backed port city project

Sri Lanka seeks compromise on China-backed port city project

Sri Lanka is offering a compromise that could allow a major Chinese-backed real estate project to restart after months of delays, Finance Minister Ravi Karunanayake told Reuters on Monday. The minister’s comments come a week before a parliamentary election in which the ruling party has …

Shares hit over 6-mth closing high on telecom, large-caps

Shares hit over 6-mth closing high on telecom, large-caps

Sri Lankan shares erased early losses to close at a more than six-month high on hopes of political stability after the Aug. 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said. The main stock index edged up 0.1 percent, or 7.34 …

Sri Lanka says not officially informed by India on Indo-Lanka rail link

Sri Lanka says not officially informed by India on Indo-Lanka rail link

The Sri Lankan government Monday said it had not received any official communication from India to establish a road and rail link between India’s southern coast of Rameshwaram and Sri Lanka’s northern town of Talaimanner, an official said. According to reports, the Indian government has …

President revamps his security

President revamps his security

Maithripala Sirisena has disbanded the Presidential Security Division following reports that it was linked to murders during the Mahinda Rajapaksa regime, and replaced the elite Sri Lankan unit with a highly-trained team of commandos. Sirisena’s move to revamp his security comes ahead of the parliamentary …

China as major source of FDI

China as major source of FDI

Under the new government, Sri Lanka is looking at China as a major source of foreign direct investment (FDI) to further expand its growing economy, a top business executive said. In an interview with Xinhua, Mangala P.B. Yapa, CEO of Sri Lanka’s biggest business group, …

New probe into rugby star’s death

New probe into rugby star’s death

Sri Lanka’s former president Mahinda Rajapakse denied his son was involved in the controversial death of a national rugby player as a magistrate ordered a fresh investigation. Police said the body of rugby star Wasim Thajudeen will be exhumed today for forensic tests after allegations …

Journey back to her father and roots in Sri Lanka leads to hit song

Journey back to her father and roots in Sri Lanka leads to hit song

The musical journey of singer-songwriter Sheyana Wijesingha led to a reunion with her father after 26 years apart – and now to a hit song in Sri Lanka. Based at Turners Beach near Ulverstone, Ms Wijesingha and The Sheyana Band have received widespread air-play in Sri …

Parties Whip Up Anti-Indian Feelings

Parties Whip Up Anti-Indian Feelings

There appears to be an attempt by some political parties to whip up an India-sentiment among the Tamils of Sri Lanka’s Northern Province in the run up to the August 17 parliamentary elections with the aim of ending the dominance of the Tamil National Alliance …

We held talks with TNA on response to OISL report

We held talks with TNA on response to OISL report

The Tamil National Alliance (TNA) held talks with the United National Party (UNP) leader, Ranil Wickremasinghe, on how to respond to the report by the OHCHR Investigation into Sri Lanka (OISL), Mr Wickremasinghe told the Uthayan newspaper. “We have held talks with the Tamil National …

Wigneswaran’s stance has zero impact on Tamil politics

Wigneswaran’s stance has zero impact on Tamil politics

Former Tamil National Alliance Parliamentarian M. A. Sumanthiran said that TNA was confident on winning all seven seats in the Jaffna Electoral District since no other party will be able to exceed the 5 percent threshold needed to be entitled for a seat. He said …