Monthly Archives: July 2016

Cabinet approves law for witness to testify from overseas

Cabinet approves law for witness to testify from overseas

Sri Lanka’s cabinet on Wednesday has approved to amend laws relating to witness protection in order to allow witnesses of crimes to testify from overseas. The proposal made to the cabinet by Justice Minister Wijedasa Rajapaksa, however, stipulates that such evidences “may be given at …

Rupee gains as foreign investors buy bonds

Rupee gains as foreign investors buy bonds

The Sri Lankan rupee strengthened in one-week forwards on Friday, as foreign banks sold dollars on behalf of offshore investors to buy local bonds, dealers said. The spot rupee (LKR) is tightly managed by the central bank and market participants use the forward market levels …

Sri Lanka, China to further enhance cooperation

Sri Lanka, China to further enhance cooperation

Sri Lankan President Maithripala Sirisena said on Friday that his country is ready to push forward pragmatic cooperation with China in trade and investment. When meeting with visiting Chinese Foreign Minister Wang Yi, Sirisena appreciated the long-time assistance offered by China to the island nation. …

Uncertainty about aid hampers return of Sri Lankan refugees

Uncertainty about aid hampers return of Sri Lankan refugees

Chief Minister of the Northern Province C. V. Wigneswaran has said that a large number of Tamils, displaced from Sri Lanka during the civil war and now living in India as refugees, are prepared to come back but the uncertainty about assistance is preventing them …

A captain is only as good as his team

A captain is only as good as his team

The Central Bank of Sri Lanka is one of the great institutions in this country and I am acutely aware that a primary responsibility, arguably the primary responsibility of the Governor is to uphold its reputation and credibility. The Central Bank, should be imbued with, …

Fishermen issue with India would be resolved

Fishermen issue with India would be resolved

Sri Lankan Prime Minister Ranil Wickremesinghe on Thursday expressed hope that the fishermen issue with India would be resolved as talks were going on at different levels, even as more than 40 Indian fishermen have been arrested by Lankan Navy this month. Chief Opposition Whip …

Accountability mechanism ready for discussion by early 2017

Accountability mechanism ready for discussion by early 2017

Minister Samaraweera speaking to the media on 6 July, after attending the 32nd session of the UN Human Rights Council in Geneva said the envisioned Court Accountability Mechanism will be one that every stakeholder can agree. Mr. Samaraweera said that the Judicial Mechanism will be established after consulting …

GTF welcomes positive developments in Sri Lanka,

GTF welcomes positive developments in Sri Lanka,

The Global Tamil Forum (GTF) welcomes the oral update provided by High Commissioner for Human Rights Zeid Al Ra’ad Al Hussein to the UN Human Rights Council (UNHRC) on 29 June in Geneva. We commend the High Commissioner and his office for their forthright assessment …

Brexit not to have significant impact on Sri Lanka economy

Brexit not to have significant impact on Sri Lanka economy

Brexit would not create any significant adverse impact on the economy of Sri Lanka, according to Indrajit Coomaraswamy, the newly-appointed Governor of the Central Bank of Sri Lanka (CBSL). Answering a question by The Hindu at his maiden press conference on Tuesday, Dr. Coomaraswamy, who …

India to upgrade railway network

India to upgrade railway network

India and Sri Lanka on Tuesday discussed various issues regarding overall development of railway network including upgradation of signalling and telecommunication system in the island nation. Minister of State for Railways Manoj Sinha and Sri Lanka’s Minister of Development Strategies and International Trade Malik Samarawickrama …