Monthly Archives: May 2016

Hue and Cry Over Federalism

Hue and Cry Over Federalism

By: Eelaventhan Manickavasakar.                                                      Federalism is not division nor disintegration but a device to distribute the powers to the regions, allowing the different …

IMF agreement faces implementation risks: Fitch

IMF agreement faces implementation risks: Fitch

Sri Lanka’s 1.5 billion US dollar three-year IMF programme eases near-term balance-of-payments risks but will require sustained commitment from the authorities to address long-standing weaknesses in external and public finances, Fitch Ratings said. The ratings agency said the IMF support therefore has no immediate impact …

Federalism will not cause secession says Wigneswaran

Federalism will not cause secession says Wigneswaran

The chief minister of the Northern Province rejected assertions that the call for federalism was racist and aimed at secession, stating that it was “madness” to suggest so. In an interview with the Tamil newspaper, Virakesari this week, Mr Wigneswaran said, “For many years politicians …

Why Sri Lanka’s economic outlook is looking less rosy

Why Sri Lanka’s economic outlook is looking less rosy

Sri Lanka’s deal with the International Monetary Fund (IMF) may have averted a crisis, but the bailout may undermine a key source of strength: the country’s impressive economic growth rate. The deeply indebted country inked an agreement for a $1.5 billion bailout, announced Friday, as …

Wigneswaran issued notice to appear in Supreme Court

Wigneswaran issued notice to appear in Supreme Court

Northern Province Chief Minister C.V. Wigneswaran and three others were issued notice to appear in Supreme Court on May 12, 13 and 17, over a petition filed against the recently passed resolution calling for a federal solution. The other respondents are the leader of ITAK …

There is no LTTE in Sri Lanka for anyone from the diaspora to suppor

There is no LTTE in Sri Lanka for anyone from the diaspora to suppor

President of the Canadian Tamil Congress (CTC) Raj Thavaratnasingham in an interview with Ceylon Today said he was pleased that the government has delisted CTC and a few other Tamil diaspora organizations. “As a result of the delisting of CTC, for the very first time …

Sri Lanka sets up panel to investigate ‘Panama Papers’

Sri Lanka sets up panel to investigate ‘Panama Papers’

Cash-strapped Sri Lanka announced Sunday it was setting up a special panel to chase after nationals likely to figure in the “Panama Papers,” a trove of leaked documents on global tax evasion. The government, which came to power in January last year on a promise …

A lot of China all around

A lot of China all around

China is widely seen to have adopted a “string of pearls strategy” to encircle India. Perhaps the two most important aspects of this policy at present are the country’s maritime capability in the Indian Ocean and its building of an economic corridor with Pakistan through …

Resolution not to divide country: CV

Resolution not to divide country: CV

Northern Province Chief Minister C.V. Wignewaran said yesterday the recent resolution that was adopted to propose a federal system was not aimed at dividing the country but to unite it. Mr. Wigneswaran said the country was not divided by the federal system and that federal …

Post-civil war, Sri Lanka’s tourism industry having one great run

Post-civil war, Sri Lanka’s tourism industry having one great run

Post-civil war, Sri Lanka’s tourism industry has witnessed a rapid growth both in terms of tourist arrivals and earnings. In 2009, the year in which the 26-year-long civil war came to an end, the tourist arrivals accounted for 4,48,000. In 2015, the figure was 17, 98,380, …