• Sri Lanka is amongst world's heaviest borrowers - Moody's

    In proportion to what it earns, Sri Lanka borrows more than almost any other state, according to the ratings agency Moody’s.

    Sri Lanka’s total debt was 545 per cent larger than the total government revenue in 2009, one of the highest for any sovereign assessed by Moody’s, LBO reports.

    Only Lebanon rated 'B1' and Jamaica rated 'B3' had worse credit metrics, among countries rated by Moody's.
  • Joy by Presidential decree

    There appears to be no end to President Mahinda Rajapakse’s pompous self-regard. Having won the election and steam-rolled through the possibility of lifelong presidency, the president, through his ever obliging government, proclaimed the entire week, to be one of festivities, in order to commemorate his swearing in for a second term.

  • Angaadi Theru – Tamil Cinema’s Dickensian Moment?

    The commercial as well as critical success enjoyed this year by the Tamil cinema release Angaadi Theru reflects not just the maturity and range of the Tamil cinema industry but also of its audience. Dealing with the difficult themes of harsh working conditions, rural poverty and exploring the lives of Chennai’s urban poor, Angaadi Theru is refreshingly different from the usual saccharine mix of romance, music and escapism that has become characteristic of Indian cinema as a whole.

  • Who needs papers?
    The Sri Lankan government will support the ‘rightful’ residents of the North and East who have lost the documents proving ownership of their lands, the Daily Mirror reported.
    Sounds great – exactly what is needed in the Northeast, where after decades of war and displacement, many people do not have the official documents to prove their ownership of their properties.
    A telling problem, however, promptly arises: what is the criteria by which people can prove ownership of their ancestral lands? And who decides on their validity?
    The same government, it seems, whose military offensives drove these people from their homes.
    The real point of all this is underlined by how large numbers of Sinhalese are being hurriedly settled in Tamil areas through government-funded schemes.

    According to a 2002 survey by the Sinhala-dominated state itself, 81% of the displaced population was Tamil, 14% Muslim and 5% Sinhalese (see Amnesty International's report on Sri Lanka's displaced).

  • Sri Lanka wages war on ‘wheat terror’
    The ultra-nationalist Sri Lankan government’s efforts to manage the economy has spurred a new war – against ‘wheat terrorism’.
     
    The government drive to slash consumption of wheat-based food, especially bread, is decimating what are presumably some of the worst purveyors of terror: bakers.
     
    Other bakers are trying to use rice flour to make bread ... because "we consider it our patriotic duty."
  • Learn Tamil, don’t employ Tamils

    The Sri Lankan government is to apparently pay incentives to state employees to learn ‘local languages’, such as Tamil, to “reduce the communication gap with people of Tamil origin,” the Indian Express reported.

  • Al Jazeera reveals photos of Sri Lankan military atrocities

    Al Jazeera has obtained photographs that appear to show Sri Lankan army atrocities against Tamil civilians and captured or surrendered Tamil fighters in the final days of the Sri Lankan civil war in early 2009.

  • Shining case in point
    Sri Lanka’s government denounces those fleeing its repression to the West as nothing but economic migrants. Consider then the case of the wealthy gem merchant who has sought asylum in Canada with his family.
  • India-US partnership on 'creating order' in Sri Lanka

    Amid the newly enhanced ties between the United States and India, the contours of a shared approach to Sri Lanka’s ethnic crisis by the two states appeared in little reported comments last month by Indian National Security Advisor Shiv Shankar Menon.

    Speaking in Washington, he outlined a twin track Indian strategy, which he said was supported by the US: first, restoring normalcy in the war-shattered Tamil areas, and, second, “creating an order [in Sri Lanka] within which, not just the restoration of democracy, but … an order within which all the communities feel that they can determine their own futures.”

  • LLRC extension is no surprise

    News that Sri Lanka's Lessons Learnt and Reconciliation Commission (LLRC) has had it mandate extended by another six months was always expected, but there is an assumed logic behind Colombo's actions. The commission is the Sri Lankan state's attempt to fend off critics, buy time and forestall an independent, international inquiry.

  • Food for thought

    The IMF recently praised Sri Lanka for bringing inflation under control. But on the streets, the price of food has been rising relentlessly.

    Increases are seen in the price of wheat flour, bread, rice, vegetables, coconut, coconut oil, big onions  and red onions.

    The cause? A combination exposure to global prices in the wake of IMF reforms, and the Sri Lankan state's ham-fisted efforts to fix prices in favour Sinhala producers and consumers at the same time. 

  • FDI slow despite war end
    While Sri Lanka makes much of a ‘post-conflict economy’ foreign direct investment actually fell in the first six months of 2010 compared with the same period last year, the Central Bank reported in August.
     
    FDI dropped to $208 million, compared to $250 million in the first half of 2009, logged amid the final stages of the war, Reuters reported.
     
    And the reason? Uncertainty and government policies.
  • Tears and tractors: delivering aid in Sri Lanka

    Just the other day, this newspaper raised doubts as to who India’s aid intended for the Tamil areas will actually go. As if on cue, the point was made. In Sri Lanka it seems not even the International Committee of the Red Cross can guarantee aid will be delivered to the right beneficiaries.

  • Swearing in to be ‘beautiful’

    As the date for President Mahinda Rajapaksa to be sworn in for his second term approaches, the public service has been called upon to undertake a new task – making the country beautiful.

  • Where will India's aid go?

    A 65 acre industrial estate in Atchuvely is to be developed bilaterally through a partnership between the Sri Lankan government and the Indian government, the Daily Mirror reported .

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