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News: Hidden Costs: The Impact of Foreign Debt on Sri Lankan Citizens
Posted Date: 22/08/2018 (Wednesday)
It is estimated that Sri Lanka’s debt servicing cost will be USD 4.2 billion next year. From 2000 to 2009, Sri Lanka’s foreign debt doubled, from USD 9 billion in 2000 to USD 18.6 billion in 2009. By 2014, this amount had skyrocketed again to USD 42.9 billion, while in January 2017 the total amount owed was USD 46.6 billion – a slight dip. This has resulted in serious pressure on the part of the Government regarding debt servicing, especially from 2019 onwards, with the Government likely to borrow more to meet foreign debt repayments.
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Videos: OORANA OOR (MY COUNTRY) TRAILER
Posted Date: 22/08/2018 (Wednesday)
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News: China projects steam ahead
Posted Date: 20/08/2018 (Monday)
• Chinese companies confident of completing railway extension and fourth phase of highway by Jan. • Project includes longest railway bridge and railway, funded by $ 278 m loan from China EXIM Bank • Highway connecting Mattala Airport and H’tota Port also nearing end, 75% completed • Rest of $ 1.9 b Southern Highway to be completed in 3Q of 2019, Kottawa-Kataragama in three and a half hours • H’tota Port operations expand in 1Q, project 85% y-on-y growth, targets 20 m TEUs by 2040
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News: Now, Wiggy locks horns with Reggie Allegation about a plan to build Buddhist temples in K’nochchi:
Posted Date: 20/08/2018 (Monday)
The Northern Province Governor Reginald Cooray has denied allegations that he was planning to construct two Buddhist temples in one-time LTTE stronghold Kilinochchi soon after the dissolution of the Tamil National Alliance (TNA) run Northern Provincial Council later this year.
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News: Glyphosate: First shipment due in October ‘No scientific proof it can cause cancer’
Posted Date: 20/08/2018 (Monday)
Glyphosate, which is currently a subject of fierce controversy world over will once again be in use in the plantation sector as the preferred weed killer with the first batch of imports expected in October since the ban on the weedicide was lifted mid this year, a top official of the Ceylon Petroleum Corporation (CPC) told the Sunday Observer
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News: Return to the Rural
Posted Date: 20/08/2018 (Monday)
From Gramashakthi to Gamperaliya, major rural investment over the next few years is now Government priority. What does the idea of rural development – abandoned globally in the decades of liberalization, including under an ‘open economy’ since 1977 in Sri Lanka – mean today? Will rural development merely serve as a fig leaf for expansion of political patronage, or is there rural capacity to shift such investment towards progressive social and economic change?
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News: Mannar and Thalaimannar ‘miss’ the strategic advantage drive The train to nowhere
Posted Date: 20/08/2018 (Monday)
Thalaimannar- the most picturesque area of the northwestern coast of Mannar Island of Sri Lanka,which boasts of mythical encounters of Rama, Hanuman and Adam, still remains untouched with no strategic development despite the fact that India constructed the railway line from Madawachchiya to the tip of Thalaimannar called the Thalaimannar Pier at a cost of USD 245 million.
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News: Controversy over media reports of China printing currency notes for Sri Lanka
Posted Date: 20/08/2018 (Monday)
While the international media gave wide publicity to China’s foreign currency printing contracts with countries in the ‘Belt and Road Initiative’, including Sri Lanka, the Government has still not issued an official clarification despite unofficial denials from Finance Ministry and Central Bank officials.
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News: Clashes at Welikada Prison: 11 injured and 52 inmates transferred
Posted Date: 20/08/2018 (Monday)
Eight prison officers and 3 female inmates have been injured in a clash at Welikada Prison, stated the Prisons Department. Fifty-two inmates have been transferred to other prisons as the situation remains tense. A group of female inmates at Welikada prison had commenced a protest on top of the roof of Welikada Prison today (20).
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News: Don't tell me it's a 'fact' that all Muslims in South Asia are descended from rapists Some Pakistanis and Indian Muslims claim Arab ancestry, which is often a huge source of contention.
Posted Date: 20/08/2018 (Monday)
One of my favorite movies is the great indie comedy “The Matchmaker”, where Janeane Garofalo is sent to Ireland to find her boss’s Irish roots as he’s running for a Senate seat in Boston, only to discover at the end of the movie that he is in fact Hungarian and when the family emigrated to America several generations back, the family patriarch changed the family name at Ellis Island to “McGlory” - which the hapless would-be Senator never gets to know.
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Photos: Pakistan pivots toward Putin's Russia after Trump gets tough Russia and Pakistan were sworn enemies during the Cold War, when Pakistan and CIA-backed guerrillas defeated the Soviet Red Army in Afghanistan.
Posted Date: 20/08/2018 (Monday)
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Videos: This Will Leave You Speechless! - One of The Most Eye Opening Videos
Posted Date: 20/08/2018 (Monday)
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News: CID manhunt for fugitive ‘Navy Sampath’ ends
Posted Date: 19/08/2018 (Sunday)
The Criminal Investigation Department’s manhunt for ‘Navy Sampath’ ended quite by accident. OIC of Gang- robbery branch of the CID, Nishantha Silva was on his way to deliver a letter to former President Mahinda Rajapaksa, that CID officials would visit his residence on Friday (17) to record a statement from him about the night of journalist Keith Noyahr’s abduction.
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News: Grave secrets: Behind the skeletal excavations in Mannar
Posted Date: 19/08/2018 (Sunday)
Sunday Observer journalists visit a grave excavation in Mannar, where forensic investigators are hard at work, painstakingly unearthing human skeleton after skeleton, determined that this time, the investigation into the suspected mass grave site will not be compromised- politically or scientifically
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News: Sri Lanka’s Democracy: Very critical challenges ahead
Posted Date: 19/08/2018 (Sunday)
Political discussions in the country at present are largely dominated by questions around two themes: which individual will win the next presidential election and which political party will win the next parliamentary election. These are no doubt important questions, but there is a more serious political question about what will happen to Sri Lanka’s democratization agenda in the years to come. Political and social activists, who have made direct contributions to regime change in 2015, are
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News: MR in three weddings and three-hour CID interrogation
Posted Date: 19/08/2018 (Sunday)
A team of Criminal Investigation Department (CID) officers led by SDIG Ravi Senevirathne and CID Director SSP Shani Abeysekara arrived at the official residence of former President Mahinda Rajapaksa at Wijerama Mawatha last Friday (17) at around 11.30 a.m. to record a statement from him based on a previous statement given to the CID by Speaker Karu Jayasuriya in connection with the abduction of senior journalist and then Associate Editor of
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News: Action against Vijayakala: AG advises Speaker
Posted Date: 19/08/2018 (Sunday)
The Attorney General has advised Speaker Karu Jayasuirya to examine whether under the current Standing Orders action can be taken against former State Minister, Jaffna District Parliamentarian Vijayakala Maheshwaran over a controversial statement she made recently. If this was not possible, the AG has asked whether the Standing Orders could be amended or
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News: Open economy destroyed Lankan values: Cardinal
Posted Date: 19/08/2018 (Sunday)
The open economy has destroyed the social norms and values practiced by the people of this country, Colombo's Archbishop Malcolm Cardinal Ranjith said. He said this at the festive mass of Our Lady of Madu earlier this week.
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News: Possibility of Mahinda Rajapaksa contesting next presidential election
Posted Date: 19/08/2018 (Sunday)
• SLPP chairman GL Peiris says 19th Amendment not retrospective, so former president could contest; Supreme Court interpretation to be sought • No special “monitoring” allowance for MPs • Coalition partners launch development programmes at lightning speed before polls, but will these win hearts and minds of voters?
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Events: TGTE - Netball and Volley Ball event
Posted Date: 19/08/2018 (Sunday)
William H. Pound Camp, 1465 Manor Road, Staten Island, NY 10314
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