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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 …

We must have a common vision for the Indian Ocean

We must have a common vision for the Indian Ocean

The Acting US Assistant Secretary of State for South and Central Asia Alice G.Wells reaffirmed here on Friday that the “United States is – and will continue to be – an Indo-Pacific power.” Speaking at the Indian Ocean Conference organized by the India Foundation and …

The danger Lankan Security Forces Personnel face

The danger Lankan Security Forces Personnel face

The UN High Commissioner for Human Rights, Prince Zeid, had recommended the application of the principle of Universal Legal Jurisdiction in the case of credible violations of international humanitarian and human rights law by the Sri Lankan security forces during the 2006-2009 Eelam War IV …

Sushma Swaraj discusses Bilateral and Regional Cooperation

Sushma Swaraj discusses Bilateral and Regional Cooperation

Indian External Affairs Minister Sushma Swaraj on Friday met Sri Lankan President Maithripala Sirisena in Colombo and discussed bilateral issues of mutual collaboration and issues related to regional cooperation. Indian External Affairs Ministry spokesperson Raveesh Kumar confirmed this and tweeted: “Meeting with the leadership… discusses …

India’s role of a stable Indian Ocean region

India’s role of a stable Indian Ocean region

India’s role is to help the idea of biennial and stable security and economic construction in Indian Ocean region, stated Biju Janata Dal (BJD) MP Baijayant ‘Jay’ Panda on Friday at the Indian Ocean Conference in Colombo, Sri Lanka. “One of the lessons that we …

India committed to security in Indian Ocean

India committed to security in Indian Ocean

Setting the tone for the two day conference on the Indian Ocean Region organized by the India Foundation, the Indian External Affairs Minister, Sushma Swaraj, said that India’s maritime aims are encapsulated in the concept of SAGAR – “Security and Growth for All in the …

Silver linings in Political cloud

Silver linings in Political cloud

In contrast to the previous Mahinda Rajapaksa regime, the current dispensation in Sri Lanka headed by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, is not blessed with political stability and a single chain of command. Given the resultant confusion, the by-word for the regime …

Sri Lanka Must Deliver On Its Commitments

Sri Lanka Must Deliver On Its Commitments

Submitting a written statement on 21 August for the thirty-sixth session of the UN Human Rights Council, scheduled from 11 September – 29 September 2017, Amnesty International said: “Human Rights Council resolution 30/1 sets out concrete steps to ensuring truth, justice, reparation and non-recurrence for …