Monthly Archives: January 2017

The Reconciliation Process in Sri Lanka

The Reconciliation Process in Sri Lanka

Delivering an  address at the Chatham House, the Royal Institute of International Affairs in London, the Minister of Foreign Affairs emphasised on the key challenges facing the government and how the country is moving forward in its endeavour to create a peaceful, unified, stable and …

Small parties unhappy with election reform

Small parties unhappy with election reform

Small political parties and parties of small minorities have got a raw deal in the local government reform process and may be reluctant to support any legislation in the regard, says Mano Ganeshan, leader of the Tamil Progressive Alliance (TPA) and a cabinet minister for …

Policy decisions must balance competing actors and interests

Policy decisions must balance competing actors and interests

Sri Lanka, though a small island state, lies at the tip of the South Asian subcontinent and at the center of the Indian Ocean. In a vastly interconnected world, the sweeping effects of globalisation; China’s economic downturn; growing discontent and destabilisation in the West; and …

ITAK leaders violated Tamil people’s mandate: Premachandran

ITAK leaders violated Tamil people’s mandate: Premachandran

The very basic demands of Tamils have been totally denied, both by the constitutional assembly tasked with drafting the new constitution and by the political parties in the South. On what basis, the two ITAK politicians R. Sampanthan and M. Sumanthiran continue to be part …

MV Sun Sea human-smuggling trial

MV Sun Sea human-smuggling trial

The Crown began its closing submission at the MV Sun Sea human-smuggling trial Friday, alleging one of the accused not only arranged supplies, accommodation and transport for Sri Lankan Tamil migrants, but was also the owner of the ship. Kunarobinson Christhurajah, Lesly Emmanuel, Nadarajah Mahendran …

Fitch revises outlook Banks

Fitch revises outlook Banks

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of the following Sri Lanka-based banks: – National Savings Bank (NSB) at ‘B+’; Outlook Negative – Bank of Ceylon (BOC) at ‘B+’; Outlook Negative – DFCC Bank PLC (DFCC) at ‘B+’; Outlook Negative Fitch has …

GTF calls for full implementation of Task Force recommendations

GTF calls for full implementation of Task Force recommendations

The Global Tamil Forum (GTF) welcomes the recommendations of the Consultation Task Force on Reconciliation Mechanisms (CTF) released on January 3, 2017 and calls on the Sri Lankan government to fully implement these recommendations. We wish to congratulate the eleven-member panel headed by senior lawyer …

EU proposes enhanced market access as reform incentive

EU proposes enhanced market access as reform incentive

The EU said on 11 January that the removal of customs duties would be accompanied by rigorous monitoring and conditional on continued commitment to sustainable development, human rights and good governance. The Commission today proposed that a significant part of the remaining import duties on …

Rating upgrade depends on meeting IMF conditions

Rating upgrade depends on meeting IMF conditions

Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier markets that entered into new programmes in 2016, Fitch Ratings says. However, potential improvements in sovereign credit profiles will depend on each country’s level of …

Domestic mechanism would not be fruitful.

Domestic mechanism would not be fruitful.

During his trip to formalize the friendship agreement between the City of Markham and district of Mullaitivu, Northern Province Chief Minister C.V. Wigneswaran spoke on transitional justice and post-war development to diaspora Tamils in Toronto. At a press conference, the CM, accompanied by strategic advisor …