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Poor rainfall throughout Sri Lanka during the past few months has caused a drought unheard of during recent history. Particularly affected Districts are Kurunegala, Puttalam, Anuradhapura, Polonnaruwa, Batticaloa, Ampara, Nuwara Eliya and Badulla. Farmers complain that their crops are being ruined or are on the verge of being ruined. Some villages complain of the shortage ...
There were some interesting bits of news in the papers about a week back, with some stories having a certain thread running through them. The US Ambassador Patricia Butenis visited the Coca Cola plant in Biyagama. The British High Commissioner John Rankin visited Unilever Sri Lanka’s newly built factory in Horana and the new Chinese ...
telegraph.co.uk: Sri-Lankas-former-army-chief-Sarath-Fonseka-calls-for-Arab-Spring-style-uprising.htmlGeneral Sarath Fonseka, the former Sri Lankan army chief jailed for running as an opposition candidate, has declared he will lead an Arab Spring-style uprising to force the government from office. Outlining his return to active politics after he was released from jail in May following pressure fro...
Insurers need to look beyond national boundaries and expand their operations abroad, urges Sudhin Roy Chowdhury of the IRDA, according to Business Standard. “If foreign companies can come to India in a big way, why can’t we expand our wings abroad? Look at (German insurer) Allianz. Around 60% of their business is from markets outside ...
REUTERS: As China slips, the second-half performance for many emerging market mutual funds might soon follow. In recent months, investors have been pulling hundreds of millions of dollars out of stock funds that invest mainly in companies associated with the big four emerging market nations of Brazil, Russia, India and China. But it’s China that ...
The Oxford Advanced Learners Dictionary defines ‘reconcile’ as ‘finding an acceptable way of dealing with two or more ideas that seem to be opposed to each other’. ‘Reconciliation’ is defined as ‘an end to a disagreement and the start of a good relationship again,’ and as ‘the process makes it possible for two different ideas ...
Reuters: Egypt’s new president on Sunday ordered a parliament dominated by his Islamist party to reconvene, challenging the authority of the generals who had dissolved the assembly in line with a court order. President Mohamed Mursi’s decree appeared to catch off guard the generals who handed power to him on June 30. State media said ...
The Bandaranaike Centre for International Studies (BCIS), the academic wing of the S.W.R.D Bandaranaike National Memorial Foundation, will be hosting Indian Cabinet Minister for Rural Development Jairam Ramesh to a lecture on ‘The Changing Role of India in South Asia’ on Thursday, 12 July from 5p.m. onwards at the BCIS Auditorium. Speaking about this initiative ...
"We expect all reports must be true and accurate. Today I found in the FT that what I said (yesterday) is reported in three sentences (reference to 5 July Daily FT’s Page 1 story titled ‘Ranil calls for suspension of EPF investments’). I want to bring this to your (House) notice specifically more than anything ...
Sri Lanka’s elections are never without bias. It is well known that all polls are slighted by abuse of State resources. Unfortunately, in this instance, the acts have already started and the authorities have already admitted there is little that can be done about it. With provincial council elections slated for September, a Government-backed ...
Two events hit the local and global media separately last week. The local media event was the release of the Midyear Fiscal Position Report 2012 by the Ministry of Finance and Planning in terms of the requirements of the Fiscal Management (Responsibility) Act of 2003 (available at: http://www.treasury.gov.lk/depts/fpd/reports/fmr/2012/midyearreport-2012.pdf).
Industry and Commerce Ministry continuously supported us during the last years, says industry Will continue support and infuse R&D too, says Rishad 217 firms and multinationals from Sri Lanka, Argentina, India, Turkey, Thailand and Pakistan at the event Lanka food exports surge by 41% in 2011 to $ 95 m, says Rishad As Sri Lanka’s ...
The Asian Human Rights Commission recently announced a new initiative, ‘Torture: Asian and Global Perspectives’. It was launched at an event that was jointly organised by the Asian Human Rights Commission and the Centre for Comparative and Public Law at the University of Hong Kong in the Foreign Correspondents’ Club, last month. The bi-monthly magazine ...
Reuters: Asian shares slipped on Friday, taking their cue from falls overnight in global stock markets. Sentiment stayed cautious despite new stimulus steps taken by three major central banks, with the focus now on U.S. jobs data due later in the day. The U.S. jobs report will offer clues about the extent of damage the ...
The number of Sri Lankan refugees returning home with the UNHCR’s help dropped during the first half of 2012, compared with the same period last year. This, together with the rising number of asylum seekers, contributes to the conundrum of making people feel at home in Sri Lanka. The latest statistics show that 662 individuals ...
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
IRIN:Sri Lankan Parliamentarians in favour of acting on the recommendations in a report into the final stages of the country’s civil war by the Lessons Learnt and Reconciliation Commission (LLRC) are slowly gaining ground over those who are not, says a Presidential peace process advisor. The Government’s initial reaction to the LLRC recommendations was positive, ...
Former Minister Rohitha Bogollagama this week urged the Government and the private sector to use difficult times as an opportunity to optimise abundant local resources and dynamics, rather than resorting to austerity. “It can be tempting during crisis times to shift to a mode of austerity. However, that might make things worse or prolong a ...
Govt. calls for strong energy conservation to prevent shortages, says hydro at 12%, CEB loses Rs. 200 m a day By Uditha Jayasinghe Despite the drought, the Government yesterday assured that there would be no power cuts but stressed on the need to increase power conservation to continue generation until the next monsoon season. ...
Diplomacy plays a direct role in addressing the root cause of insecurity. Diplomatic initiatives build partnerships so nations can work together to address bilateral and multilateral issues. Diplomacy refers to communication or negotiations tactics that use political and legal channels to address both bilateral and multilateral issues. Good diplomacy works at least in four ways ...
President Mahinda Rajapaksa has said it was the responsibility of politicians and state officials to make best use of public funds for numerous development activities. The President was addressing the Matale District Development Committee meeting at the Matale Municipal Council auditorium on Tuesday. The President said everyone is duty bound to make his utmost contribution ...
By Cheranka Mendis The tea industry’s export target of achieving revenue of US$ 5 billion from the present US$ 1.5 billion by 2020 is an overly ambitious one that is likely to be impossible to achieve, Colombo Tea Traders Association Chairman Jayantha Keragala said on Friday at the association’s 118th AGM. Keragala stated that the ...
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
Overview With the end of the civil war, Sri Lanka is now experiencing a higher growth in the number of tourist arrivals, despite the much anticipated crisis in its economy currently, along with many infrastructure developments taking place to better the country’s standard. According to the latest statistics from the Sri Lanka Tourism Promotion Bureau, ...
Performers will have copyright protection for their audiovisual works as a result of the successful conclusion of 12 years negotiations by the members of the World intellectual Property Organization (WIPO), which has resulted in the finalisation of the Beijing Treaty on Audiovisual Performances on 26 June. The treaty will enter into force when ratified by ...
Reuters: Brent crude remained steady at $100 per barrel on Wednesday as weak global economic data fuelled expectations of a stimulus response by central banks, and as supply disruption worries on rising tensions over Iran’s nuclear programme supported prices, offsetting demand concerns. Iran said it had successfully tested medium-range missiles capable of hitting Israel as ...
The United States has moved new forces into the Gulf to keep strategic waterways open and strike deep within Iran in the event of a regional military escalation, the New York Times reported Tuesday. The Times cited senior officials as saying the quiet build-up was aimed at reassuring Israel that Washington is serious about addressing ...
Reuters: Asian shares rose on Wednesday, extending gains for a third day in a row, as investors kept hopes high for more monetary policy stimulus to support the faltering global economy, ahead of a policy meeting by the European Central Bank. U.S. equities rallied while European shares closed at a two-month high on Tuesday on ...
LONDON (Reuters): Aviva, Britain’s second biggest insurer, will on Thursday unveil plans to sell or close up to a quarter of its businesses in a shake-up designed to bolster its finances and reinvigorate its flagging share price. The company, whose weak stock market performance led to the removal of chief executive Andrew Moss in May, ...
LONDON WASHINGTON, (Reuters): The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroad. Business surveys released on Monday, covering thousands of factories across ...