Monthly Archives: May 2016

New taxes to curb usage, lower profits

New taxes to curb usage, lower profits

New taxes imposed by Sri Lanka’s government will result in stagnant revenue growth this year as well as lower profitability, Fitch Ratings forecasts. The regulatory risks have risen for telcos since the new government assumed office last year. It increased taxes on telecoms operators in …

Popular breads laced with possible carcinogens?

Popular breads laced with possible carcinogens?

Breakfasts and common treats have become more fraught with danger as a known carcinogen is used to make majority of the breads, buns and pizzas bases available in Delhi, a new study by Centre for Science and Environment revealed on Monday. Bread industries use potassium …

India’s swift response

India’s swift response

India’s foreign policy under the current dispensation has accorded the right priority to nurturing and improving relationships with neighbours such as Sri Lanka and Nepal. Even otherwise, India has always been proactive in providing humanitarian assistance to countries in distress, near or far, without too …

Finding shelter a challenging task

Finding shelter a challenging task

Finding suitable locations for shelter for the flood-hit people in the densely populated Colombo and Gampaha is a “challenging” task, according to a UN agency. In its first “situation report”, which covered events up to May 22, the UN Office for the Coordination of Humanitarian …

Sri Lanka cancels India-built 500 MW coal power plant deal, pitches LNG plant instead

Sri Lanka cancels India-built 500 MW coal power plant deal, pitches LNG plant instead

Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and will instead opt for a liquefied natural gas (LNG) power plant, a cabinet minister said late on Tuesday. Chandima Weerakkody, Sri Lanka’s petroleum …

Office for Missing Persons designed without proper consultation

Office for Missing Persons designed without proper consultation

In a letter addressed to Sri Lanka’s Minister of Foreign Affairs, on 19 May the Tamil Civil Society Forum (TCSF) criticised the government’s lack of engagement with victims in setting up an ‘Office for Missing Persons’ (OMP). Stating that the “process to date has been …

England pummel Lanka

England pummel Lanka

England fast bowler James Anderson took five wickets to inspire the hosts to a crushing victory over Sri Lanka by an innings and 88 runs in the first test in Leeds on Saturday. Anderson claimed 10 victims in the match as Sri Lanka crumbled to …

Jaffna Diocese demands answers

Jaffna Diocese demands answers

A Jaffna diocesan official is demanding an answer from Sri Lankan authorities as to what happened to Catholic priests who disappeared under suspicious circumstances during the country’s decades-long civil war. “The local church still seeks an answer in court and from the army about the …

Ivy Park apparel has ‘rigorous ethical’ program

Ivy Park apparel has ‘rigorous ethical’ program

Ivy Park, the sportswear brand that is a joint venture between singer Beyonce and Topshop tycoon Philip Green, has defended itself against a Sun newspaper report that says its supplier in Sri Lanka uses “sweatshop slaves” to produce the clothing. Workers making some of the …

Overseas investments on hold to avoid BOP crisis

Overseas investments on hold to avoid BOP crisis

Sri Lankan Central Bank Governor Arjuna Mahendran said he was delaying giving approval to proposals for overseas investments by local firms to prevent a balance of payments crisis. . Sri Lankan companies want to invest abroad because domestic returns were low, Mahendran said. The Central …