Monthly Archives: December 2015

CSE announces changes in S&P Sri Lanka Index

CSE announces changes in S&P Sri Lanka Index

The  Colombo Stock Exchange (CSE) announced changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2015 annual index rebalance as follows. S&P Dow Jones Indices has announced that effective from the December 21, 2015 (after the market close …

Sri Lanka Year in Review 2015

Sri Lanka Year in Review 2015

In the wake of general elections earlier this year, Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local and foreign investors. Until August, election delays had effectively created a wait-and-see approach in the …

India to build sea bridge, tunnel to connect Sri Lanka

India to build sea bridge, tunnel to connect Sri Lanka

India is set to build a sea bridge and tunnel connecting Sri Lanka while a pact has been inked with Bangladesh, Bhutan and Nepal for seamless flow of traffic and passenger vehicles, Road Transport and Highways Minister Nitin Gadkari said on Wednesday. “The Asian Development …

Rajiv Gandhi assassination: Nalini moves High Court

Rajiv Gandhi assassination: Nalini moves High Court

Nalini Sriharan, undergoing life imprisonment in the Rajiv Gandhi assassination case, on Monday again moved the Madras High Court seeking a direction to Tamil Nadu government to consider her representation for premature release. Nalini, now confined in the Special Prison for women in Vellore, submitted …

Withdraw Penal Code Amendment Bill On Hate Speech

Withdraw Penal Code Amendment Bill On Hate Speech

93 Civil Society activists and 10 organisations have  urged the government to fulfil its obligations to its citizens and its international obligations by withdrawing the bills (amendment to the Code of Criminal Procedure and amendment to the Penal Code ) forthwith and commit anew to …

SL Govt’s reconciliation with Tamils an example to World

SL Govt’s reconciliation with Tamils an example to World

The Sri Lankan government’s reconciliation efforts with the minority Tamils following the three-decade civil war with the LTTE is an example to the rest of the world, the US said today. “I want to congratulate all of you for the tremendous work you are doing. …

Colombo seeking to centralise powers: Wigneswaran

Colombo seeking to centralise powers: Wigneswaran

Even as the Sirisena-Wickremesinghe government at the Centre is about to launch the process of drafting a fresh Constitution with devolution of powers to Provincial Councils being one of the key issues, Chief Minister of the Northern Province, C.V. Wigneswaran, on Tuesday criticised it for …

Sri Lanka’s Tamil Political Prisoners

Sri Lanka’s Tamil Political Prisoners

Just days ago, a Tamil political prisoner being held in Jaffna Prison commenced a hunger strike. Similar hunger strikes have taken place this year, although this behavior doesn’t appear to have changed the government’s calculus in a significant way. This issue has been a source …

Sri Lanka and US to launch US- Sri Lanka Partnership Dialogue

Sri Lanka and US to launch US- Sri Lanka Partnership Dialogue

Following his meeting with Foreign Minister Mangala Samaraweera on  14 December, the U.S. Department of State Counselor, Thomas Shannon addressing the media said “I am happy to be in Sri Lanka for my first visit during this time of progress and opportunity.  Sri Lanka is …

Sri Lanka looks to advance public transportation

Sri Lanka looks to advance public transportation

The Sri Lankan government said on Monday that it is looking to advance its public transportation system as the capital battles to deal with heavy traffic congestion. Deputy Minister of Public Enterprise Development Eran Wickramaratne, speaking at a Mayor’s Conference in Colombo, said that currently …