Monthly Archives: October 2016

IMF funding pledge offers significant support for economic reform agenda

IMF funding pledge offers significant support for economic reform agenda

Sri Lanka is poised to escalate economic propulsion and uplift investor opportunities in the coming months, supported by a substantial phased loan from the International Monetary Fund (IMF). The IMF’s Executive Board approved the three year lending arrangement under the Extended Fund Facility (EFF) in …

A $500 billion economy

A $500 billion economy

The Economic and Technical Cooperation Agreement (ETCA) between India and Sri Lanka will be signed by the end of the year and Sri Lanka will aim to attract investment from the $500 billion economy, encompassing Tamil Nadu, Karnataka, Andhra Pradesh, Telengana and Kerala. “The proposed technology …

About Democracy

About Democracy

           By: Dharsha Jegatheeswaran and Gajen Mahendra.  On Saturday September 24th, Ezhuka Tamil, organized by the Tamil People’s Council, became the largest rally to happen since the end of the war in the North-East of Sri Lanka. Over 10,000 people took to …

Special Rapporteur on minority issues to assess the current situation

Special Rapporteur on minority issues to assess the current situation

The United Nations Special Rapporteur on minority issues, Rita Izsak-Ndiaye, will carry out an official visit to Sri Lanka from Oct. 10 to 20 to assess the current situation of national or ethnic, religious and linguistic minorities in the country, the UN office in Colombo …

A South Asian grouping without Pakistan is not a viable option

A South Asian grouping without Pakistan is not a viable option

Cross-border terror risks killing the South Asian Association for Regional Cooperation, Sri Lankan Prime Minister Ranil Wickremesinghe warned today, the first regional leader to air concerns over the Saarc’s future after its November summit in Islamabad was put off. Wickremesinghe, who said his country shared …

Imperative for Sri Lanka to expedite high priority structural reforms

Imperative for Sri Lanka to expedite high priority structural reforms

Sri Lanka’s economic growth is projected to grow at 5.0 percent in 2017, up from 4.8 percent 2016 and driven by increased private consumption and postponed investment in 2015. It is imperative for Sri Lanka to expedite high priority structural reforms to increase competitiveness, improve …

Estate workers demand higher wages

Estate workers demand higher wages

Thousands of Indian origin Tamils, employed in Sri Lanka’s famed tea estates, are on protest for a week now, demanding higher wages. They are asking for a daily wage of LKR 1,000 (around Rs. 450), which estate owners have deemed high, citing the current “risk-prone” …

Medical examinations on former LTTE cadre negative for traces of poison

Medical examinations on former LTTE cadre negative for traces of poison

Medical examinations conducted on former LTTE cadre were negative for any traces of poison, the Northern Province Health Ministry said yesterday. A total of 146 rehabilitated former LTTE members have undergone the test conducted by the provincial health authorities. So far none of the medical …

Navy discovers wreckage of passenger ferry ‘Valampuri’

Navy discovers wreckage of passenger ferry ‘Valampuri’

Sri Lanka Navy divers have discovered the wreckage of the passenger ferry ‘Valampuri’ which was destroyed by a LTTE suicide boat in 1998 in the seas off Point Pedro yesterday. The Navy said on information received from a civilian diver, a fresh underwater search was …

Wigneswaran is a Politician and not a Racist

Wigneswaran is a Politician and not a Racist

Former President and Kurunegala District MP Mahinda Rajapaksa took a moderate stance on issues pertaining to controversial Northern Province Chief Minister C.V. Wigneswaran and the release of Tamil political prisoners that were at odds with his usual rhetoric, in discussions with journalists from the Tamil …