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Political posturing unlikely to hamper constitution making process

Political posturing unlikely to hamper constitution making process

Apprehensive about electoral consequences, political parties in Sri Lanka are either posturing on the on-going constitution-making process, or are maintaining stony silence on it. The Sri Lanka Freedom Party (SLFP), led by President Maithripala Sirisena, has taken a hard line publicly, while being accommodative in …

US Senate want to make sure that we’re not throwing away the investments we’ve already made in Sri Lanka

US Senate want to make sure that we’re not throwing away the investments we’ve already made in Sri Lanka

The Senate Committee on Appropriations approved the FY2018 Department of State, Foreign Operations, and Related Programs Appropriations Bill with $51.35 billion for diplomatic and humanitarian programs that strengthen U.S. national security and support American values abroad. “The serious challenges to U.S. national security interests today heighten our …

US lawmakers oppose 92 per cent cut in aid

US lawmakers oppose 92 per cent cut in aid

Citing the geographical and strategic location of Sri Lanka, a Senate committee has opposed Trump Administration’s proposal of a drastic 92 per cent cut in American aid to the island nation. “Given the geostrategic importance of the country, the Committee does not support the President’s …

Tamils seek federalism, not division

Tamils seek federalism, not division

Sri Lanka’s Northern Province Chief Minister C.V. Wigneswaran has said the Tamil minority community’s demand for a federal solution to meet their political aspirations was not aimed at dividing the country. “You [the South] think we [Tamils] are all terrorists. We do not want to …

US Senate committee approves conditions on funds

US Senate committee approves conditions on funds

The US Senate Committee on Appropriations has approved the 2018 State & Foreign Operations Appropriations Bill, which includes new and harsher conditions on funds to be given to Sri Lanka. The committee approved $51.35 billion in total for diplomatic and humanitarian programs that “strengthen U.S. national security and …

Turning COIN on Its Head and Learning to Adapt

Turning COIN on Its Head and Learning to Adapt

By Carlton G. Haelig:                                                              Background: Sri Lanka, formerly Ceylon, is a relatively small island nation …

Indian PM reaffirms high importance India attaches to relations

Indian PM reaffirms high importance India attaches to relations

Continuing the discussion on crucial India-Sri Lanka bilateral projects, a delegation-level meeting was held here on Saturday between the newly appointed Foreign Minister Tilak Marapana and External Affairs Minister Sushma Swaraj. The visiting Minister, who took charge on August 15, also met Prime Minister Narendra …

Disaster Resilience, Environment Protection Are Critical to Sri Lanka’s Economy

Disaster Resilience, Environment Protection Are Critical to Sri Lanka’s Economy

In response to public interest, the World Bank in Sri Lanka chose to host a dialogue, offering an opportunity for anyone to meet the World Bank team and directly ask questions related to environment protection, disaster risk management and the economy. In fact, the engagement …

US concerned over unsustainable debt burdens

US concerned over unsustainable debt burdens

The US has expressed concern over the “unsustainable debt-burden” on Sri Lanka due to non- concessional loans from China. China is investing billions of dollars in infrastructure development in Sri Lanka. Sri Lanka is struggling to repay Chinese money, and recently signed an agreement to …

Banking system outlook negative

Banking system outlook negative

Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, with both asset quality and profitability under pressure. “The economy will only see a modest growth rebound as the government’s fiscal constraints continue to limit public investment and private spending, despite …