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( April 29, 2012, Colombo, Sri Lanka Guardian) Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu New Year, that was kept under wraps, a team of officials led by Treasury Secretary Dr. P.B. Jayasundera we...
Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu New Year, that was kept under wraps, a team of officials led by Treasury Secretary Dr. P.B. Jayasundera went to China and secured assurances of a US$1....
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
GENEVA (Reuters): The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of trade liberalisation after the creation of the WTO itself. After repeated failures to clinch ...
LONDON(Reuters): World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red. Darkening economic prospects and fears the euro zone debt crisis will unravel into financial catastrophe sent global ...
By Malathi De Alwis On 18 May 2009, Sri Lanka officially declared the end of a 30-year civil war fought between. Sri Lankan government forces (GoSL) and Tamil militants, namely the Liberation Tigers of Tamil Elam (LTTE). Such a sea...
By: Bruce Cheadle OTTAWA — There’s a global recession and Canada’s economy is not immune. Shiploads of strange, foreign refugees — economic migrants and oppressed minorities — have been landing on our shores, fleeing civil war, economic up heaval and...
By Mandana Ismail Abeywickrema Sri Lanka’s decision to set up a 1,200MW nuclear power plant by 2025 is expected to be the single largest investment in the country. The nuclear power plant is aimed at generating cheap electricity to address the increasing demand while drawing large investments to boost the country’s economy. The Cabinet of ...
By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...
By D.B.S.Jeyaraj The tragic history of post-independence records that the Tamils of Sri Lanka have been subjected to mass-scale mob violence in the years 1956, 1958, 1977, 1981 and 1983. The anti-Tamil violence of July 1983 was the most terrible and horrible of them all. It remains etched in memory even after 27 years. Twenty ...
By Rajan Philips On May 17 in Tehran, the foreign ministers of Iran, Turkey, and Brazil announced that they had reached a deal on exchanging uranium fuel for use in the Tehran Research Reactor....
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