Monthly Archives: August 2017

ITAK opts out of Ministerial Posts

ITAK opts out of Ministerial Posts

The Ilankan Tamil Arasu Katchi (ITAK), the largest party in Sri Lanka’s Northern Provincial Council (NPC), has decided not to take any ministerial position in the provincial administration in view of serious differences with Chief Minister C.V.Wigneswaran. As a follow up, the sole legitimate representative …

Those  not connected to the LTTE are involved in sword attack

Those not connected to the LTTE are involved in sword attack

Jaffna District Parliamentarian and Ilankai Tamil Arasu Katchi (ITAK) Leader Mavai Senthirajah said Government and the hierarchy of the security forces had informed them that there is no threat by the LTTE and their attempts at violence are over. “Many of those who are not …

Politicians of both communities have created the belief that federalism is separation

Politicians of both communities have created the belief that federalism is separation

The Tamils of North and East of Sri Lanka do not consider themselves as minorities. They consider themselves as the majority in the North Eastern Province for more than 2000 years. Many Sinhalese identify the Tamils of North and East with the recent Tamil immigrants …

Supreme court shoots down tax reforms

Supreme court shoots down tax reforms

Sri Lanka’s Supreme Court has effectively shot down a sweeping overhaul of the island’s tax system, calling the proposed legislation unconstitutional, the country’s parliament speaker told lawmakers on Friday. Last month Sri Lanka tabled the Inland Revenue bill to widen the tax net and give …

The Killing Fields

The Killing Fields

In Sri Lanka’s North Central province, a land of crumbling Buddhist temples and gently swaying palms, farmers have cultivated rice for millennia. Until the 1960s, they relied on oxen, not tractors, to plow their fields. But the introduction of mechanized and chemical methods has rendered …

Trade in Renminbi to expand trade

Trade in Renminbi to expand trade

China, on Monday requested Sri Lanka to directly use the Chinese currency renminbi, rather than the US dollar, in trading between the two countries. Chinas Ambassador to Sri Lanka, Yi Xianliang, speaking at the China Sri Lanka Infrastructure Investment Cooperation Forum in Colombo said Chinese …

Foreign firms barred from bidding

Foreign firms barred from bidding

Sri Lankan President Maithripala Sirisena told the Sri Lanka Ports Authority (SLPA) here on Tuesday, that he would not, “under any circumstances”, allow the contract to complete Colombo Port’s East Terminal to be given to a foreign party. Among the companies bidding for the project …

Port deal to boost FOREX, attract more investments

Port deal to boost FOREX, attract more investments

China’s deal with Sri Lanka to acquire a 70 percent stake to develop the Hambantota Port in southern Sri Lanka for 1.12 billion US dollars will boost Sri Lanka’s foreign-exchange reserves and help bolster investor confidence, an international rating agency said Monday. Moody’s, in its …