• Reserve Bank of India in $1.1bn currency swap deal with Sri Lanka

    The Reserve Bank of India today signed a “Special Currency Swap Agreement” with the Central Bank of Sri Lanka. The deal allows Sri Lanka to withdraw up to $1.1 billion for a maximum period of six months.

    The new agreement is in addition to the existing Framework on Currency Swap Arrangement for members of the SAARC regional bloc.

    In March the RBI signed a currency swap agreement with Sri Lanka, worth $400mn and valid for three years.

    The swap arrangements are intended to provide a backstop line of funding for countries that are part of the South Asian Association for Regional Cooperation (SAARC) to meet any balance of payments and liquidity crises till long-term arrangements are made.

  • Political risks in Sri Lanka cause apprehension amongst private investors – ADB

    The Asian Development Bank says private investors are reluctant to make new investments due to the continuing political uncertainty in Sri Lanka.

  • UK Foreign Office notes concerns over militarisation, land occupation and rumours of secret detention in Sri Lanka

    Britain’s Foreign and Commonwealth Office (FCO,) in their annual corporate report on Sri Lanka, noted that “some concerns” remained despite a number of positive steps in undertaking legal reforms by the new government.

  • TNA will not join UNP alliance says spokesperson
    The Tamil National Alliance (TNA) will not being joining the alliance led by the United National Party (UNP) - the United National Front (UNF) for Good Governance, said the party's spokesperson.

    Speaking to Ceylon Today, Mr Suresh Premachandran, denied rumours that the TNA was going to join the alliance, but said the party was open to discussions with whoever came to power.

    "We are actually waiting until the election is over to decide. We will not form an alliance with any political party. After the election we will discuss with the party that comes into power," Mr Premachandran was quoted as saying.

  • Ongoing hardships faced by Mullaitivu people discussed with visiting UK official


    The political secretary to the British High Commission to Sri Lanka Tom Sofer met with the Northern Provincial Councillor T Ravikaran on Thursday morning in Mullaitivu.

  • UPFA says Sirisena cannot stop Rajapaksa from being appointed as Sri Lanka’s prime minister

    The General Secretary of the United People’s Freedom Alliance (UPFA,) Susil Premajayanatha said that Maithripala Sirisena would not be able to stop a majority party decision to appoint Mahinda Rajapaksa as prime minister.

  • UNFGG alliance is not against Rajapaksa says JHU
    The UNP led alliance, the United National Front for Good Governance (UNFGG) is not against the former president Mahinda Rajapaksa, said the general secretary of the Jathika Hela Urumaya (JHU), Champika Ranawaka.

    “This is not an alliance against Mahinda Rajapaksa. We were prevented from fulfilling certain political reforms, such as the case of appointing members to the Constitutional Council, due to lack of majority in Parliament. So, we decided to form an alliance to fulfil the political reforms promised at the last Presidential election,” Mr Ranawaka was quoted as saying by the Daily Mirror.

  • Over 1 million people call on UN to set up international tribunal or refer Sri Lanka to ICC

    Over 1 million people from around the world have signed a petition calling on the United Nations to refer Sri Lanka to the International Criminal Court (ICC) or establish a credible International Judicial Mechanism to investigate and prosecute “war crimes, crimes against humanity and genocide committed against Tamil people by the Sri Lankan state.”

  • Buddhist monk party pledges support to Rajapaksa

    The Desha Vimukthi Janatha Party (DVJP), a party predominantly made up of Buddhist monks, will support the UPFA team led by Mahinda Rajapaksa.

    The party’s chairman Galagama Dhammaransi Thera, pledged support to Mahinda Rajapaksa, and thanked him for responding to “calls form patriotic forces,” reports island.lk.

    In a press release, the Buddhist monk, Galagama Dhammaransi, said,

    “It was the UPFA under political leadership of Mahinda Rajapaksa that united this country wiping out terrorism. Neo imperialistic capitalist forces have ganged up once again with the support of all treacherous forces both local and international against the UPFA. The people should take this election seriously and use their votes wisely. They should keep in their mind that their vote would have the power of saving the motherland or to let it become a colony of Western super powers.”

  • Mahinda appointed head of UPFA election committee

    Former president Mahinda Rajapaksa has been appointed as the head of the UPFA’s Election Operations Committee, former minister Dinesh Gunawardena told Ada Derana.

  • EU to observe Sri Lanka elections

    The European Union has announced the deployment of an Election Observation Mission (EOM), to cover the general election in Sri Lanka on August 17.

    Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission, has appointed Mr Cristian Preda, Member of the European Parliament, to lead the EOM as chief observer.

    Ms Mogherini said: “The European Union has once again responded positively to the invitation of the Sri Lankan authorities to deploy an Election Observation Mission. This shows our continued commitment to work with Sri Lanka to strengthen democracy by advancing the openness and inclusivity of the election process".

    Chief Observer Cristian Preda is expected to arrive in Colombo in the coming days to join the team of election experts who were deployed today.

  • BJP to ‘free Sinhalese’ from oppression

    The leader of the Bodu Jana Peramuna (BJP) Galagodaaththe Gnanasara says the party is contesting the forthcoming election to “free” the Sinhalese from oppression by “invading groups and fundamentalist groups”.

    Mr Gnanasara told Ceylon Today that the only goal of the BJP is to “revive the Sinhalese”, who have been suppressed by invaders.

    “The Sinhalese were suppressed since they achieved so called freedom. They were suppressed by Black Europeans vigorously throughout history and continue to be so,

    “That is why we are coming forward. We will free the Sinhalese from invading groups and fundamentalist groups. These fundamentalists have manipulated the prominent individuals of this country,

  • India approves Chinese manufacturing plant proposal in Tamil Nadu

    India’s home ministry gave clearance to a major Chinese telecommunications firm to set up a manufacturing base in Tamil Nadu.

  • Sri Lanka concludes joint military training exercise with China
    Sri Lanka and China concluded  the second phase of a joint army exercise called “Exercise Sil Route on 2015,” on Monday.

    The joint exercise focused on ground combat, jungle warfare and aircraft and building training, reports

  • Tamil people must attain self-rule' - Northern Province Chief Minister

    The Northern Province Chief Minister, C. V. Wigneswaran, has stressed that comprehensive autonomy for Tamils in the North-East is the only way of recovering from the effects of genocide.

    “For the well-being of Tamils in our country, the Tamil people must attain self-rule,” Mr Wigneswaran said while addressing the annual conference of the Federation of Tamil Sangams in North America (FeTNA).

    Speaking of the genocide resolution recently passed by the Northern Provincial Council, Mr Wigneswaran said:

    “Several of my Sinhalese friends asked how I, with my interest in humanitarianism and spirituality, could have allowed such a resolution to pass. To that I replied that I had passed this resolution because of my commitment to humanitarianism and spirituality.”

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