Posts Categorized: Economy

Amnesty: Trinco Five at GTOB

by Amnesty International USA, Apri, 28, 2022 On April 29, Amnesty International USA held its 2022 virtual “Get on the Bus” event, featuring speakers and actions on Sri Lanka, Tibet/China, Syria and Ukraine.  The speaker for Sri Lanka was Thyagi Ruwanpathirana, Amnesty’s South Asia and Sri Lanka researcher.  She spoke about the case of the… Read more »

Tsunami Disaster in the Island of Sri Lanka

by Tamil Centre for Human Rights, Paris, date unknown, but probably 2005 (info in 2nd & 3rd tables are as of March 10, 2005) Tamil Centre for Human Rights – TCHR Centre Tamoul pour les Droits de l’Homme Email : tchrgs /A_T/ tchr /D_O_T/ net / tchrdip /A_T/ tchr /D_O_T/ net Website : www.tchr.net A… Read more »

‘We Have Bitten Off More than We Can Chew’

Sri Lankan Finance Minister Sabry tells Parliament by Press Trust of India in Indian Express, May 4, 2022 Detailing the perilous state of the economy, Ali Sabry said Sri Lanka’s usable foreign reserves which were at around USD 7 billion in 2019, had dropped to less than USD 50 million now. “We have bitten off… Read more »

Sri Lanka is in an Economic Freefall

by Mark Leon Goldberg, UN Dispatch podcast, April 28, 2022 https://undispatch.com/category/podcast APPLE PODCASTS  | GOOGLE PODCASTS |  SPOTIFY  | PODCAST ADDICT  |  STITCHER  | RADIO PUBLIC  Transcript lightly edited for clarity How Has Sri Lanka’s Economic Crisis Affected Its Citizens? J.S. Tissainayagam [00:02:59] Sri Lanka’s problem today stems basically from a failure of accountability when wrong decisions are made. This has led to both… Read more »

Potential Impacts of Sea-Level Rise upon the Jaffna Peninsula

How Climate Change Can Adversely Affect the Coastal Zone by Tharani Gopalakrishnan, Lalit Kumar, Journal of Coastal Research, J. of Coastal Research, 36(5):951-960 (2020). May 26, 2020 Abstract Gopalakrishnan, T. and Kumar, L., 2020. Potential impacts of sea-level rise upon the Jaffna Peninsula, Sri Lanka: How climate change can adversely affect the coastal zone. Journal of Coastal Research, 36(5),… Read more »

Sri Lanka Faces Worst-ever Economic Crisis

Triggering food and fuel shortages and protests by Neville Lazarus, Sky News, UK, March 29, 2022 In the past three months, fuel prices have increased three times, while essential food items have doubled. Sri Lanka is facing its worst-ever economic crisis, which has driven up prices and triggered food and fuel shortages across the country…. Read more »

BTF Exhibit in Geneva

by British Tamils Forum, March 2022 Exhibition & Demonstration at UN Human Rights Council in Geneva March 31 & April 1, 2022   Information displayed at exhibition –> Land Occupied by Government Department in North in Acres Land grab P 3 FINAL Land grab P 4 FINAL    

How Britain Stole $45 Trillion from India

And lied about it by Jason Hickel, Al Jazeera, Dubai, December 19, 2018 There is a story that is commonly told in Britain that the colonisation of India – as horrible as it may have been – was not of any major economic benefit to Britain itself. If anything, the administration of India was a cost to… Read more »

A Multispecies History of the Ceylon Pearl Fishery 1800–1925

Seeing like the sea by Tamara Fernando,  Past & Present, Volume 254, Issue 1, February 2022, Pages 127–160, https://doi.org/10.1093/pastj/gtab002 Published: 21 September 2021 PDF Abstract The pearl fishery of Ceylon was a lucrative source of pearls as well as a theatre of colonial power. But instead of narrating a story of abstracted governmentality, this paper dives below… Read more »

Sri Lanka on the Edge as Debt Burden Mounts

Explainer by Uditha Jayasinghe, Reuters, January 17, 2022 COLOMBO, Jan 17 (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay its creditors. On Tuesday, the island nation will repay $500 million towards an international sovereign bond, the first tranche… Read more »

SL Campaign: ‘Inhumane and Degrading’ Living and Working Conditions

In Sri Lanka: UN expert by Sri Lanka Campaign, London, December 16, 2021 Dec 16, 2021 On 3 December 2021, the UN’s expert on Contemporary forms of Slavery, Special Rapporteur Tomoya Obokata, published the preliminary findings from his recent visit to Sri Lanka. Whilst he acknowledged some of the progress that Sri Lanka had made regarding… Read more »

The Tragic and Needless Destruction of Raj Rajaratnam

Price-Giver Extraordinaire by Jim Tamney, Forbes, New York, December 8, 2021 Years ago, and while at a dinner in New York City, the subject of “insider trading” came up. A woman who had formerly worked in Royal Dutch Shell’s headquarters had an interesting anecdote to convey about trading on material non-public information (MNPI). She’d worked… Read more »

Management of the Tamil Diaspora 2006

LTTE’s Primary Function Abroad by Vipula Wanigasekera, Institute for Defense Analyses, Alexandria Virginia, March 2006 Building a CATR Research Agenda, Proceedings of the Third Bi-Annual International Symposium of the Center for Asian Terrorism Research (CATR) March 1-3, 2006, Colombo, Sri Lanka Proceedings_of_Center_for_Asian_Terrorism Research 2006 Management of the Tamil Diaspora–LTTE’s Primary Function Abroad … III-52 Introduction………………………………………………………………………………… Read more »

Sea Cucumbers

Chinese sea cucumber farms back in operation in Kilinochchi by Dinasena Ratugamage, Sunday Island, Colombo, August 6, 2021 Two sea cucumber farms, managed by a Chinese company in Kilinochchi, recommenced its operations after fishermen’s associations in Jaffna and Kilinochchi said that they no longer opposed the farms. The operations of the two farms were stopped… Read more »

Oil and Gas Exploration in Mannar Basin Mapped

by Financial Times, Colombo, August 5, 2021 Energy Minister Udaya Gammampila in a gazette notification has published a map of blocks for joint exploration for oil and gas in the Mannar Basin. Titled ‘Hydrocarbon exploration block map of Sri Lanka,’ the map outlines the blocks for exploration licences, development licences and joint studies. The publication… Read more »

Sri Lanka Sliding Down a Dark and Slippery Slope

Daily Mirror editorial, Colombo, July 14, 2021 Somewhere after defeating separatist terrorism in 2009, Sri Lanka missed a glorious chance of turning a destructive era on its head. In the aftermath of the near 3-decade-long separatist war, instead of pursuing a cherished dream of reconcilliation, our political leaders acted like Don Quixote who went tilting… Read more »

Debt-hobbled Sri Lanka Risks Running Out of Options

by Tom Arnold, Marc Jones, Reuters, August 3, 2021 LONDON, Aug 3 (Reuters) – Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may have been just another step towards its first sovereign default. All the tell-tale crisis signs are there: bonds at nearly half their… Read more »

The Origins of the Great Divergence

A review of Peer Vries’ “Escaping poverty” by Branko Milanovic, his personal Substack, July 22, 2021 While the world is witnessing global convergence (essentially the catch up of Asia with the West), the debates  about the origins of the Great Divergence—the take-off of the West and absence of growth in the Rest—are going strong. I… Read more »

Sri Lanka’s Rajapaksa Dynasty is Not as Secure as It Appears

by Banyan, The Economist, London, July 17, 2021 The family that runs everything is running out of cash Since winning the presidency in a landslide nearly two years ago, Gotabaya Rajapaksa has worried not that he has too many relatives in government, but that he has too few. One of the 72-year-old’s elder brothers, Mahinda, himself… Read more »