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Political crisis debilitates bilateral ties in the region

Political crisis debilitates bilateral ties in the region

The dramatic defeat of the ruling coalition in the landmark February 10 local bodies’ elections, has had a major impact on the political and economic situation in Sri Lanka.And it is bound to have an impact on Sri Lanka’s bilateral relations with the other countries …

Sri Lanka made a high-level political commitment to work with the FATF

Sri Lanka made a high-level political commitment to work with the FATF

As part of its on-going review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) said that since November 2017, when Sri Lanka made a high-level political commitment to work with the FATF and APG to strengthen the effectiveness of its AML/CFT …

Forgive, forget spirit at Katchatheevu

Forgive, forget spirit at Katchatheevu

A spirit of forget and forgive, to foster reconciliation and bonhomie between the Tamils and Sinhalese in Sri Lanka marked the two-day annual thanks-giving festival by fishermen and others from both countries at the St Antony’s church in Katchatheevu islet in Palk straits on Saturday. …

Adhere to commitments

Adhere to commitments

The ITAK, in a media release following a meeting of the Central Committee has ‘urged the Government of Sri Lanka to strictly adhere to the commitments it has made to the International community in bringing lasting peace and political solution to the national question’. They …

Karuna says must merge North and East

Karuna says must merge North and East

Leader of Tamil United Freedom Front (TUFF) Vinayagamoorthy Muralitharan, alias Karuna Amman said he would become an ally of the Sri Lanka Podujana Peramuna (SLPP) and convince former President Mahinda Rajapaksa to merge the North and the East and fully implement the LLRC recommendations, if …

Post-poll manoeuvres

Post-poll manoeuvres

By Veeragathy Thanabalasingham/Daily Express: The outcome of last week’s local government elections, one that had elicited unprecedented interest both locally and internationally, sent shock waves through the Sri Lankan polity. And the initial phase of the domino effect it has had on the political front …

Operating below potential

Operating below potential

Sri Lanka’s central bank kept its benchmark interest rates unchanged to help bolster an economy that’s been hit by bad weather across the South Asian island. Governor Indrajit Coomaraswamy held the standing lending facility rate at 8.75 percent and the standing deposit facility rate at …

People want a change?

People want a change?

Former Sri Lankan President Mahinda Rajapaksa called on Monday for parliament to be dissolved and fresh elections to be held after a party backed by him won local council polls in the strongest rebuff yet to the unity government. The national election is not due …

Colombo: Beyond concrete and asphalt

Colombo: Beyond concrete and asphalt

In 2014, the island was listed as one of the least urbanized countries in the World Urbanization Prospects (WUP),  with less than 20 percent of the population in urban areas. By 2050, WUP projected that number would rise to only 30 percent. Does this mean …

Economic nationalism backfires

Economic nationalism backfires

Classical liberal economists have long argued that free trade leads to peace, and economic nationalism and protectionism (which usually also involves minority oppression and ethno religion fascism) lead to soured international relations and war. Russian tactics to block the import of Sri Lanka tea over …