Monthly Archives: December 2015

Sri Lankan President taking steps to shrink his power

Sri Lankan President taking steps to shrink his power

US Ambassador Samantha Power praised the Sri Lankan president’s pledges to reduce his presidential powers as “striking” in an address to the UN Security Council on 01 December on the December Program of Work for the UN Security Council. Speaking on  her recent visit to Sri …

Defence spending remains a cause for concern

Defence spending remains a cause for concern

The Sri Lankan government recently released its proposed budget for the coming year. It’s been met with an array of responses. Some commentators have questioned the calculations which the government has made, including over fundamental matters such as tax revenue. Kusal Perera, a Colombo-based journalist, …

Traffic problems: Can we learn a thing or two from drivers in Sri Lanka?

Traffic problems: Can we learn a thing or two from drivers in Sri Lanka?

At first glance, you’d think Reading and Sri Lanka don’t have a lot in common. One being an almost permanently gridlocked Berkshire town and the other being a tropical island paradise. And you’re right, the two are about as similar as Real Madrid and Bracknell …

Sri Lanka’s attempts to humour western powers cause unease

Sri Lanka’s attempts to humour western powers cause unease

By Sunil Raman.                                                                        In the third week of November, Sri …

Special Court on missing persons and war crimes

Special Court on missing persons and war crimes

Former President and Head of the Office for National Unity and Reconciliation Chandrika Kumaratunga said in Colombo yesterday that the Special Court to be established shortly to inquire into alleged war crimes would examine the actions of those in the main line of command and …

Hands Off

Hands Off

There is today a misplaced notion propagated by the pro Rajapaksa Opposition that our soldiers should not be arrested, whatever misdemeanours on their part. True to form, at the forefront of this “Hands off our War Heroes” campaign are Dinesh Gunawardena, Wimal Weerawansa and Udaya …

Sri Lanka Country Risk Report Q1 2016

Sri Lanka Country Risk Report Q1 2016

Following the re-election of the United National Party in August polls, and the return of political stability, Sri Lanka’s economy will likely see a slight pickup in growth over the coming quarters. As such, we maintain our forecast for Sri Lanka’s GDP to come in …

95 pct of govt securities available to foreign investors owned by single party

95 pct of govt securities available to foreign investors owned by single party

A single foreign party owns 95 percent of Sri Lanka’s government securities available to foreign investors, raising questions about risk-management practices of the Central Bank. Funds of Franklin Templeton held around 290 billion rupees in government securities, out of 304 billion rupees of securities available …