Last week local media reports were rife on what transpired during a courtesy call by outgoing US Ambassador to Sri Lanka, Atul Keshap, on former Sri Lankan President Mahinda Rajapaksa last Sunday.
Keshap reportedly warned... More
China Merchants Port Holdings (0144.HK) has made a $584 million payment as part of a $1.12 billion deal to operate Sri Lanka’s deep sea Hambantota port, a state-run agency said on Wednesday.
Under the deal,... More
Sri Lanka says it is negotiating comprehensive Free Trade Agreements (FTA) with China and India, Asia Pacific Daily reported.
Finance Minister Mangala Samaraweera noted that Sri Lanka recently signed its very first comprehensive FTA with... More
Sri Lanka's economy grew by 3.2 percent year on year in the first quarter of 2018, slowing marginally from a 3.5-percent expansion seen in the fourth quarter of 2017, local media quoted the Department... More
On Thursday, June 14th the General Secretary of the Bodu Bala Sena and Buddhist monk, Galagoda Aththe Gnanasara Thero, was sentenced to 6 months of Rigorous Imprisonment, charged with criminal intimidation and contempt of... More
Following much speculation that that there is friction within the Rajapaksa family and the new party, the Sri Lanka Podujana Peramuna (SLPP) of former President Mahinda Rajapaksa over the early start on ‘campaigning’ by... More
The Sri Lanka Air Force (SLAF) has ambitious plans to purchase helicopters of different makes and Unmanned Aerial Vehicles (UAVs) at a staggering cost of more than Rs 64.8 billion, according to documents seen... More
Sri Lanka’s secretary to the Ministry of Development Strategies and International Trade, Chandani Wijewardana last week refuted reports that discussions between Sri Lanka and China on the proposed Free Trade Agreement (FTA) had come... More
Arjun Aloysius of Perpetual Treasuries Ltd (PTL), who is son-in-law of former Central Bank Governor Arjuna Mahendran.
Barely a few weeks ago, President Maithripala Sirisena lamented about the infamous Sri Lanka Central Bank bond scam... More
Sri Lanka's jinxed second international airport was left without a single scheduled flight from Friday (Jun 8) after the only airline using the remote facility scrapped its daily service.
Dubai's flydubai gave no reason for... More
Sri Lanka’s cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong, owned by state investor Temasek Holdings, to draw up a plan for a Chinese investment zone in the country’s southern... More
Sri Lanka is in the throes of subtle and overt political maneuvers that may decide the political game-plan for the 2020 Presidential elections and indicate the future of Lankan politics for some years to... More
Sri Lanka’s cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings Ltd, to draw up a plan for a Chinese investment zone in... More
Sri Lanka is to take part in the largest international maritime exercise which will be held in and around the Hawaiian Islands and Southern California.
In all, 26 countries are scheduled to take part in... More
For those who understand the Chinese brand of engagement in Sri Lanka, new initiatives such as the recent US$1.1 billion loan Beijing gave to the island nation to build a motorway should not come... More
In a latest display ofisolation and resentment President Maithripala Sirisena mid last week lashed out at his former supporters after barging in uninvited to an event that was to commemorate a pro democracy campaigning... More
China Development Bank (CDB) has knocked out commercial lenders on a US$1bn loan for Sri Lanka, underscoring China’s ability to support the Belt and Road initiative with cheap financing.
The Chinese policy bank offered very... More
A US Congress delegation from the House Armed Services Committee, told President Maithripala Sirisena that internal security of Sri Lanka is important for regional security and world peace.
The delegation, which included the Chairman of... More
The abolition of the Executive Presidency in Sri Lanka has been promised by all political leaders and Presidents since Chandrika Kumaratunga contested the Presidency in 1994.
Mahinda Rajapaksa, who followed Kumaratunga into the Presidency in... More
The last few months have been quite difficult for the Dubai-based Abraaj Group. At the beginning of the yearan initial trickle of newsfiltered through that something was amiss at the premier investment firm specializing in private equity investments in the MENSA region. Atorrent of revelations followedin Feb this year... More
Some may not know the person who goes live on YouTube and Facebook with the unusual moniker Asad Pong Pong Vai (brother). While many of the formal media /bhadrolok crowd would sneer at him, he has followers running into thousands. He is not a cult media figure but a... More
The Bharatiya Janata Party (BJP)’s decision to withdraw from its coalition with the Peoples’ Democratic Party (PDP) in Jammu and Kashmir and scuttle the three-year old government has been taken with an eye on the Indian State and parliamentary elections to be held later this year and in 2019.
China has fired back and India has threatened to follow suit in a spiralling trade conflict with the US that may finally reshape the contours of global economy.
President Donald Trump's threat to take on Chinese goods in US market has been more than reciprocated by Beijing which has announced... More
Myanmar finds itself in a new international quagmire as it attempts to redefine its solutions for reconciliation in Rakhine. In the past, Myanmar found itself in the middle of a tug of war, between the West and the East, as the US, UK and Europe imposed punitive sanctions in... More
The BJP pulled out of the coalition government and the other partner, the PDP, had no choice but to resign. The BJP pulled out of the coalition government and the other partner, the PDP, had no choice but to resign.
Only a few weeks ago I had poured out my... More
Sandwiched between U.S. President Donald Trump’s acrimonious public exchanges with other leaders at the G-7 (group of seven industrialised countries) summit (June 7-8) and the headline-hogging U.S.-North Korea summit (June 12), the Shanghai Cooperation Organisation (SCO) summit in Qingdao, China (June 9-10) attracted little international attention. It was the... More
It is all but forgotten that the Korean War (1950-53) was brought to an armistice only after India agreed to make itself available to chair the UN Neutral Nations Repatriation Commission that determined which of the North Korean soldiers in Allied custody, and which of the South Koreans being... More
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi on Saturday expressed their willingness to lend momentum to the Shanghai Cooperation Organization (SCO), with Xi offering to work with India and other member states to carry forward the Shanghai Spirit and promote sound and stable development of the... More
Just a few days ago I warned two young student leaders in Darjeeling of West Bengal, against the violent movement which has started there for a separate Gorkhaland. I told them in no way should they support this demand. This has multifarious geo-political risks. If a Gorkhaland state is... More