Monthly Archives: April 2018

2017 – Economy grew at the lowest rate in 16 years

2017 – Economy grew at the lowest rate in 16 years

Sri Lanka’s economy grew at the slowest pace in 16 years to record a worse than expected 3.1 percent GDP expansion last year, according to the central bank. The Central Bank of Sri Lanka had expected the economy to grow at about 5.0 percent in …

LTTE supporters get 10-year jail

LTTE supporters get 10-year jail

Ramanathapuram. The district court has convicted two supporters of the proscribed Liberation Tigers of Tamil Eelam (LTTE), who had procured cyanide capsules in a bid to revive the militant organisation, under the provisions of Unlawful activities (prevention) Act, 1967 and awarded them 10 years imprisonment. Passing …

$100 million from World Bank to strengthen education

$100 million from World Bank to strengthen education

The World Bank, on Friday, approved a loan of US 100 million dollars to support and modernize Sri Lanka’s education system. The General Education Modernization Project (GEM), for which the loan has been approved, will modernize and diversify the curriculum of general education in keeping …

What Tamils need to do to secure their rights

What Tamils need to do to secure their rights

The leader of the Tamil National Alliance (TNA), R.Sampanthan, told Tamils on Tuesday what they should do secure their rights within a united Sri Lanka. Launching a Tamil language book “Or Inapprachanaiyum Ou Oppandhamum” (An Ethnic Question and An Accord) on the India-Sri Lanka Accord …

How China trapped Sri Lanka under a mountain of debt

How China trapped Sri Lanka under a mountain of debt

Sri Lanka’s economy is struggling under the weight of massive debts owed to China, with the rupee hitting an all-time low on Monday. The big picture: As the small South Asian country’s economy spirals downward, it’s freeing itself from debts by selling Chinese-funded infrastructure projects …

China never interferes in internal affairs

China never interferes in internal affairs

Sri Lankan Prime Minister, Ranil Wickremesinghe, has strongly denied reports of Chinese militarization of the Chinese funded Hambantota Port, in southern Sri Lanka, and stressed the Sri Lankan Navy was the sole military force responsible for the security of the Port. During discussions with China’s …

US says limited progress

US says limited progress

The US Country Reports on Human Rights Practices for 2017 was released on 21 April 2018. The  Country Reports on Human Rights Practices (The Human Rights Reports) document the status of human rights and worker rights in nearly 200 countries and territories. These reports are required by …

Push ahead with Vision 2025 objectives

Push ahead with Vision 2025 objectives

  Revenue mobilization can make space for social spending while reducing public debt. Reforms of state-owned enterprises are critical to minimize fiscal risks. Greater exchange rate flexibility and reserve buffers would strengthen resilience against external shocks. Strengthening institutions and accelerating structural reforms is key to …

Sri Lanka to push ahead with Reforms

Sri Lanka to push ahead with Reforms

Sri Lanka will continue to press ahead with reforms and revenue for the start of the year is on target, junior finance minister Eran Wickramaratne said in an interview. “We are more or less on track” with the reform program, said Wickramaratne, who represents the …

“Belt and Road” Ports Align with Military Interests

“Belt and Road” Ports Align with Military Interests

A new report by non-profit C4ADS suggests that China’s “Belt and Road” seaport projects in the Indo-Pacific may be intended to serve strategic, military objectives. Based upon the unofficial views of Chinese academics, Beijing’s “core interest” in maintaining access to sea lanes is a key …