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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 …

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 …

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 …

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 …

An Interview with C.V. Wigneswaran

An Interview with C.V. Wigneswaran

C.V. Wigneswaran is the chief minister of the Northern Province of Sri Lanka and a member of the Tamil National Alliance (TNA). This interview has been edited and condensed for clarity. Maithripala Sirisena became president three years ago. What are the principal challenges for people …

Weedicide Ban Hits Tea Workers

Weedicide Ban Hits Tea Workers

Sri Lankan tea workers are being affected by a government ban on a popular weedicide as large plantations become overgrown with weeds. The country banned the import of Glyphosate in 2015 under the Import and Export (control) Act over concerns that it could cause chronic …

The TNA hierarchy had failed

The TNA hierarchy had failed

Northern Minister of Women Affairs, Ananthy Sasitharan said the International Community had taken a different stance over humanitarian issues in Sri Lanka, thus letting down the war-affected people. “We were under the impression that United Nations High Commissioner for Human Rights, Prince Zeid bin Ra’ad …

One Belt One Road’ project hits political, financial hurdles

One Belt One Road’ project hits political, financial hurdles

China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials call China their “Iron Brother.” Despite that, plans for the Diamer-Bhasha Dam …