News

Colombo under ‘Belt and Road Initiative’

Colombo under ‘Belt and Road Initiative’

China is building a new city along Colombo’s coastline that will become the city’s central business district by 2030, creating 80,000 jobs for Sri Lankans, under the mainland’s “Belt and Road Initiative”. “Sri Lanka is in urgent need of a high-end platform to attract financial …

Constitutional Reforms debate likely end June

Constitutional Reforms debate likely end June

A debate on Constitutional reforms by the Constitutional Assembly is likely to take place towards the end of June. The interim report of the Steering Committee headed by Prime Minister Ranil Wickremesinghe will be placed before the Assembly next month, a member of the Steering …

Women in Sri Lanka take on male roles to help recovery from civil war

Women in Sri Lanka take on male roles to help recovery from civil war

Women and girls whose male relatives were killed in Sri Lanka’s brutal civil war are now helping the country recover, taking on roles formerly reserved for men and heading to schools and universities to complete their education. The so-called “Border Girls” mostly come from towns …

Consensus on issues not included in draft

Consensus on issues not included in draft

The Tamil National Alliance (TNA) yesterday alleged that those who had been responsible for formulating controversial policy and legal framework relating to the proposed Counter Terrorism Act (CTA) conveniently ignored consensus reached on some crucial issues at the Sectoral Oversight Committee on National Security. The …

IMF reaches staff-level agreement

IMF reaches staff-level agreement

On May 3rd the IMF announced that it had reached a staff-level agreement with the government of Sri Lanka in the second review of the country’s existing extended fund facility (EFF). Analysis It seems likely that the conclusion of the staff-level discussions will clear the way for …

Prime minister Modi will connect with Indian-origin tea workers

Prime minister Modi will connect with Indian-origin tea workers

In a move that has come to characterise his visits overseas, Prime minister Narendra Modi will connect with Indian-origin tea workers in Sri Lanka when he travels there on May 12. Modi will be chief guest for the UN Vesak Day celebrations in Sri Lanka, …

Rupee edges up

Rupee edges up

The Sri Lankan rupee ended slightly higher on Thursday as exporters sold the dollar and a statement from the International Monetary Fund (IMF) that it may review the country’s request to complete a second loan review boosted the sentiment. The move comes a day after …

Time-based tariff system for single phase power consumers

Time-based tariff system for single phase power consumers

Sri Lanka’s electricity sector regulator, the Public Utilities Commission, has approved a time-based optional tariff for the single phase domestic consumers, which was earlier limited only for the consumers who have three phase connections and consuming 30A or above. The time-of-use (TOU) tariff was identified …

Toronto Tamils want to restore homeland

Toronto Tamils want to restore homeland

Tamil-Canadian business owners from Toronto who visited their Sri Lankan homeland have returned urging fellow community members to invest in the island and support its government. Their appeal — unthinkable during the three decades of Sri Lanka’s civil war — came after March meetings with …

South Asia Satellite will help India boost ties with neighbours

South Asia Satellite will help India boost ties with neighbours

The launch on May 5, of GSAT-09, a communication satellite developed by the Indian Space Research Organisation (Isro), will bring India closer to its neighbours Bangladesh, Sri Lanka, Nepal and Bhutan. The satellite, which weighs 2,230 kg and took almost three years to build, would …