Month: April 2017

GSP+: First round win but issues ahead

The Sri Lanka Government claimed victory on Friday after an unexpected resolution before the European Parliament objecting to the resumption of GSP+ concessions was defeated but issues loom ahead when eventually concessions are secured.

No deals to be signed during Narendra Modi’s visit, says Sri Lanka’s Maithripala Sirisena

Sri Lanka’s President Maithripala Sirisena on Saturday said Prime Minister Narendra Modi is visiting the country only to take part in the UN ‘Vesak Day’ celebrations and no bilateral agreements will be signed during the trip.

Sri Lanka stands to lose India’s shipping money by becoming a base for China

Sri Lanka has been a major transshipment point for Indian cargo. Trying to become a base for Chinese manufacturing and re-exporting as well could be seen as a geopolitical move by India.

EU parliament votes in favour of GSP+ for Sri Lanka

The European Parliament in Brussels voted in favour of Sri Lanka by a huge margin yesterday, paving the way for restoration of GSP Plus tariff concessions.

Sri Lanka appoints lead managers for up to $1.5 bln sovereign bond – sources

Sri Lanka has appointed seven lead managers for a sovereign bond worth up to $1.5 billion and could tap the capital market as soon as next month, a source close to the deal said on Thursday.

Bond scam caused Rs. 10 billion loss to government alone – Former Deputy Governor

Respected former Deputy Governor of the Central Bank Dr. W. A. Wijaewardena yesterday said that the Treasury bond scam had caused a 10 billion-rupee loss to the government coffers alone.

Sri Lanka confident of regaining key EU trade concessions

Sri Lanka on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament.

Ceylon Electricity Board Chairman resigns

Ceylon Electricity Board Chairman Eng. Anura Wijapala has tendered his resignation today, Power and Energy Ministry sources said.

Sri Lankan PM Ranil Wickremsinghe to meet PM Modi in New Delhi today

Sri Lankan Prime Minister Ranil Wickremsinghe is expected to meet his counterpart Narendra Modi in the national capital on Wednesday

SF-led committee to deal with emergencies

President Maithripala Sirisena is reported to have proposed a special subcommittee headed by Minister Sarath Fonseka to make recommendations on how best to deal with emergency situations triggered by incidents such as disruption of the power supply, port activities and fuel distribution.

Maithri sacks Janaka, Anura and Lohan

President Maithripala Sirisena’s drive to appoint new electoral organizers, replacing those with Rajapaksa loyalties, yesterday led to the sacking of former Minister Janaka Bandara Tennakoon, MP Lohan Ratwatte and MP Anura Vidanagama.

Anamaduwa crash: Ministry cab injures family of four

A double- cab belonging the to Skills Development and Vocational Training Ministry was seized and its driver taken into custody after it had allegedly crashed into a motorcycle Monday evening at Anamaduwa

Sri Lankan Navy sailor dies while undergoing training in Kochi

A Sri Lankan Navy sailor died while undergoing diving training at a Naval base in Kochi, India.

JVP flays Trinco oil tank deal

Leasing out the Trincomalee Oil Tank Farm to India will cause serious national security breaches in the future, the Janatha Vimukthi Peramuna (JVP) stressed yesterday.

Japanese experts present report to President

The Japanese Experts Group presented their report on Meetotamulla Garbage Dump to President Maithripala Sirisena today (April 24) at the President’s Official Residence in Colombo.

Fourth round of talks between India and Sri Lanka on ETCA today

The fourth round of official talks between India and Sri Lanka regarding the Economic and Technology Cooperation Agreement (ETCA) will take place today (24) in New Delhi, officials said yesterday.