Monthly Archives: April 2016

Sri Lanka expects to reach IMF agreement for loan

Sri Lanka expects to reach IMF agreement for loan

Sri Lanka is expected to reach a staff level agreement with the International Monetary Fund (IMF) for a loan as early as this week, the central bank deputy governor said on Tuesday. “On the technical level we have come to an agreement on the fiscal …

China, India tussle for influence as Sri Lanka seeks investment

China, India tussle for influence as Sri Lanka seeks investment

Situated almost in the middle of the Indian Ocean, there is no escaping Sri Lanka’s centrality. The country lies just a few nautical miles away from the super-busy east-west shipping route, through which an estimated 60,000 ships pass every year, carrying two-thirds of the world’s …

TN Leaders asked not to use Tamil Issue

TN Leaders asked not to use Tamil Issue

Leaders of Sri Lankan Tamil political parties have appealed to Tamil Nadu leaders not to use the Lankan Tamil issue for mudslinging in the run up to the State Nadu Assembly elections. “For God’s sake, please drop the Lankan Tamil issue during your highly charged …

Government justifies trade agreements.

Government justifies trade agreements.

The Sri Lankan government on Monday strongly justified its move to ink bilateral and regional trade agreements. Alluding to opposition in certain quarters to the proposed Economic and Technology Cooperation Agreement with India, Harsha de Silva, Deputy Minister of Foreign Affairs, told a gathering of …

Investing in Sri Lanka offers opportunities and pitfalls

Investing in Sri Lanka offers opportunities and pitfalls

After the end of a long-running civil war and the beginning of a fresh government, Sri Lanka’s market offers both opportunities and pitfalls for investors. The market certainly has its boosters. Dumith Fernando, executive chairman at Sri Lanka brokerage Asia Securities, highlighted the positives. “You’re …

Transparency key as Rights deadline looms

Transparency key as Rights deadline looms

By Brad Adams:                                                                              January 2015 saw a …

Will seek dual citizenship for Lankan Tamils

Will seek dual citizenship for Lankan Tamils

AIADMK supremo and Tamil Nadu Chief Minister Jayalalithaa on Saturday asserted her party would take “continuous steps” to attain a separate homeland for Tamils in Sri Lanka and demand that the Centre grant dual citizenship for refugees from the island nation living in the state. …

Ministry defends housing project cost

Ministry defends housing project cost

“One cannot compare apple with oranges.” This is how the Sri Lankan government’s Resettlement Ministry has reacted to criticism over the unit cost of houses to be built under the latest project in the Northern and Eastern Provinces. Tamil National Alliance (TNA) chief R. Sampanthan …

Pacts with several countries to strengthen economy

Pacts with several countries to strengthen economy

Sri Lanka aims to strengthen its economy and move the country forward by entering into bilateral agreements with several countries including China and India, Sri Lanka’s Prime Minister Ranil Wickremesinghe said here on Saturday. Wickremesinghe said the hour had arrived for Sri Lanka to be …

Tamils Recognize Muslims As A ‘Nation’

Tamils Recognize Muslims As A ‘Nation’

The Tamil National Alliance (TNA) has assured the Sri Lanka Muslim Congress (SLMC) that the Tamils see the Muslims as a distinct “nation” inhabiting Sri Lanka. Defining a “nation” as a “historically constituted, stable community of people, formed on the basis of a common language, …