Monthly Archives: January 2018

China leads Sri Lanka’s FDI

China leads Sri Lanka’s FDI

Sri Lanka attracted $1.63 billion in foreign direct investments (FDI) in 2017, a record high, according to data released by Sri Lanka’s Board of Investment on Monday, with about 35% of it coming from China, making China the country’s largest source of FDI. Malik Samarawickrama, …

Atrocities committed against Tamils

Atrocities committed against Tamils

The atrocities committed against Tamils during the 25-year civil war in Sri Lanka amounted to ethnic cleansing and even today a huge drive is underway to change the demography of the Tamil-dominated region, noted photographer and former UN staffer Benjamin Dix said today. Dix worked …

HRW says “locked up without evidence”, Repeal PTA law

HRW says “locked up without evidence”, Repeal PTA law

Human Rights Watch released a 46-page report, “Locked Up Without Evidence: Abuses under Sri Lanka’s Prevention of Terrorism Act,”  on  28 January 2018. HRW said that Government has failed to fulfill its pledge to abolish the abusive PTA and that .  the PTA has been used …

Reuniting the Ex-LTTE Cadres into main stream politics

Reuniting the Ex-LTTE Cadres into main stream politics

A former active member of the LTTE and many of his colleagues in the erstwhile outfit, have come forward to reunite the divided, scattered and splintered former LTTE members into one strong organization and bring them into the main stream politics to serve the Tamils …

Tea exports to China witnesses a boom

Tea exports to China witnesses a boom

Sri Lanka’s tea exports to China surged 30 percent to 9.9 million kilos in 2017 from the year before, making it the eighth biggest market for Ceylon tea, local media, quoting the Sri Lanka Tea Board said here Thursday. Minister of Plantation Industries Naveen Dissanayake …

Sri Lanka needs to deliver

Sri Lanka needs to deliver

The European Commission  called on the Government to deliver on important reforms, expressing concerns over the failure to repeal the Prevention of Terrorism Act, ongoing reports of routine torture, impunity, hate speech, military occupation of land and the difficulties faced by minorities in its report …

Japan stakes a claim

Japan stakes a claim

Japanese Foreign Minister Taro Kono’s visit to Sri Lanka earlier this month was the first by a Japanese foreign minister in 15 years. Governmental confirmation of Sri Lanka’s first liquefied natural gas (LNG) project came during Kono’s visit, when the prime minister’s office revealed that …

China and the Politics of Investment

China and the Politics of Investment

Last month, the Sri Lankan government formally handed over control of the port of Hambantota to Chinese interests on a 99-year lease. The price was over one billion dollars, but this came mostly in the form of a reduction in the enormous debt burden to …

Sri Lanka delays implementing pledges

Sri Lanka delays implementing pledges

Human Rights Watch released its 2018 World Report on 18 January 2018. In its report on Sri Lanka HRW said the Sri Lankan Government has stalled on its key pledges to provide justice for conflict-related violations and to strengthen human rights protection. It said UN member …

Local investors are buying blue-chip shares

Local investors are buying blue-chip shares

Sri Lankan shares snapped a seven-session streak of declines on Friday, recovering from a near three-week closing low hit in the previous session, as investors picked up battered blue-chip and banking shares. However, foreign investors, who have been net buyers of 2.7 billion rupees worth …