Monthly Archives: June 2018

Switzerland SC: Tigers financiers not guilty

Switzerland SC: Tigers financiers not guilty

Switzerland’s supreme court today ruled that 13 alleged financiers of the Sri Lankan Tamil Tigers were not guilty of supporting a criminal organisation and let them walk free. Bringing to an end a nine-year process, the court found that prosecutors had not proved the accused …

Insurance providers exploit language barrier

Insurance providers exploit language barrier

Sri Lanka’s top five general insurance providers which account for two-thirds of the market share, is seem to exploit the language barrier as none of them issue insurance documents for certain policies in Sinhala and Tamil, a recent research showed. The research study conducted by …

Abaya: conciliatory tone, concealed an uncompromising message

Abaya: conciliatory tone, concealed an uncompromising message

The arch above the school gate sits like a crown over the pillars that support it on either side. It bears the name ‘Sri Shanmuga Hindu Ladies’ College’, painted in a turquoise blue that must have been vibrant once but looks faded now. Beyond the …

Address issues relating to religious and ethnic hatred

Address issues relating to religious and ethnic hatred

The third meeting of the Working Group on Governance, Rule of Law and Human Rights under the European Union-Sri Lanka Joint Commission was held in Brussels on 5 June 2018. The meeting took place in the context of Sri Lanka being granted better access to …

TNA deserves a positive response

TNA deserves a positive response

In a recent interview to a Tamil newspaper, M A Sumanthiran, TNA parliamentarian and international spokesman, has made an offer that sections of the Sinhala polity truly desirous of a political solution to the ‘ethnic issue’ cannot resist. Unless the idea of a new Constitution …

Wigneswaran likely to launch new Diaspora backed party

Wigneswaran likely to launch new Diaspora backed party

The Chief Minister of Sri Lanka’s Tamil-majority Northern Province, C.V.Wigneswaran, is likely to launch a Tamil Diaspora-backed political party in two weeks’ time, reliable sources said. The new party will challenge the long-established “top dog” of Lankan Tamil politics ,the Ilankai Tamil Arasu Katchi (ITAK). …

Leaders lack courage to solve ethnic issue

Leaders lack courage to solve ethnic issue

R.Sampanthan, the Tamil National Alliance (TNA) leader and Leader of the Opposition in the Sri Lanka parliament has told the United States House of Representatives Armed Services Committee delegation led by McClellen Thornberry, that the island nation’s leadership lacks courage to solve the Tamil issue …

US lawmakers visit to see Chinese investments

US lawmakers visit to see Chinese investments

Amid the global concern over China’s ‘debt trap diplomacy’, a bipartisan group of influential US lawmakers has visited Sri Lanka to gauge the ground-level situation. Cash-rich China has invested millions of dollars in Sri Lanka’s infrastructure since the end of a brutal civil war in …

Sri Lanka has made important progress

Sri Lanka has made important progress

On June 1, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review of Sri Lanka’s economic performance under the program supported by a three-year Extended Arrangement under the Extended Fund Facility (EFF) arrangement. Completion of this review enables the disbursement …

High debt burden to limit uplift from tax reforms

High debt burden to limit uplift from tax reforms

Sri Lanka’s high debt burden is likely to limit the benefits of recent tax reforms, rating agency Moody’s Investors Service has said in a new report. “For many sovereigns, measures to broaden the tax base are unlikely to boost fiscal strength unless accompanied by enhanced …