Posts Categorized: Economy

Roots of Ethnic Contestation in the Eastern Province

As in the past, the contestation is over title to the land by PK Balachandran, Daily Mirror, Colombo, October 10, 2023 Sri Lanka’s Eastern Province is again becoming a contested region between ethnic groups. This time round it is more between the Tamils and Sinhalese, with the Muslims in the periphery. This is because of the… Read more »

Uduvil Girls College’s Bicentenary

by Dr. Thayalan Ambalavanar, Jaffna, February 7, 2024 Report Tuesday morning (6th February) saw the inaugural function of the Bicentennial celebrations of Uduvil Girls’ College in their college hall. The program was titled ‘Anthizo’ which in Greek means blossom. It was 200 years ago that a young American missionary, Harriet Winslow, started this school which… Read more »

President in the North, Governor in the East

by A. Nillanthan, January 13, 2024 [Translated from the original Tamil by Google Translate with improvements by the Sangam editor.] At the same time as the President visited the North to celebrate the New Year, his Governor in the East staged a huge cultural festival. The President met various people in the North: entrepreneurs, university… Read more »

Elections Cast a Shadow of Uncertainty

Over Sri Lanka’s economic recovery by Dushni Weerakoon, IPS posted in East Asia Forum, January 16, 2024 Nearly two years after announcing a debt default in the middle of a severe social and political crisis, the Sri Lankan economy is showing the first signs of recovery. Year-on-year inflation dropped sharply to a low of 1.5… Read more »

In Defense of Sri Lanka’s Defense Budget

Reducing allocation for defense will require retrenching soldiers. Cutting loose angry youth with weapons skills is not what the crisis-ridden island needs now. [Sri Lanka has actually not done any de-commissioning since the end of the war 15 years ago, using exactly this excuse.  Most of these impoverished soldiers have been deployed in the former… Read more »

Sluggish Investment is Holding India Back

by Tom Easton, The Economist, London, November 13, 2023 Will the coming year be any different? Strong headline growth, and the possibility of offsetting China as a location for global production, have raised expectations for India. It is the world’s fifth-largest economy, and potentially larger than Germany by 2025, so it would be reasonable to… Read more »

2024 Budget

Prime focus on SOE reform and corruption [discusses budget going to the military – Ed/] by Daily FT, Colombo, November 14, 2023 President Ranil Wickremesinghe, as Finance Minister, yesterday presented the Budget for 2024, a year which will start the election cycle. The welfare allocation for 2024 is close to Rs.  200 billion compared to… Read more »

Roots of Ethnic Contestation in the Eastern Province

As in the past, the contestation is over title to the land by PK Balachandran, Daily Mirror, Colombo, October 10, 2023 Sri Lanka’s Eastern Province is again becoming a contested region between ethnic groups. This time round it is more between the Tamils and Sinhalese, with the Muslims in the periphery. . This is because of… Read more »

Purse-seiners, Trawlers, and the Epic Fight over Fishing in Tamil Nadu

A ban on purse-seine fishing in Tamil Nadu has threatened thousands of fishers’ livelihoods – and they are refusing to give up without a fight by Jeff Joseph, Himal magazine, Colombo, September 7, 2023 “There were young people with degrees taking to purse seines because of the pay,” Karthi P said. “It was easy work.”… Read more »

The Boat People

by Watchdog, Colombo, July 12, 2023 For years, Sri Lankans have risked everything, trying to escape their homeland. Crushed by a failing economy, cold-hearted politics, and the brutal realities of world events, many venture into the unforgiving sea. Few return. This is their story. Story by Andrew Fidel Fernando and Mohammed Fairooz Additional reporting and translation… Read more »

Kurundi: A Runway To ’56?

by Tissaranee Gunaratne, Colombo Telegraph, June 18, 2023 “Already the snow falls…” ~ Karl Kraus words in verses III In his fifth labour, Heracles cleans the Augean Stables by rerouting the rivers Alpheus and Peneus through the filthy abode of King Augeas’ divine cattle. Many believed that the Aragalaya would have a similarly cleansing effect on… Read more »

Report of the Presidential Truth Commission on Ethnic Violence 1981-1984

by Presidential Truth Commission on Ethnic Violence 1981-1984, September 2002 Report of the Presidential Truth Commission on Ethnic Violence 1981-1984 – Report Report of the Presidential Truth Commission on Ethnic Violence 1981-1984 – Documents – A summary of the Nature and Extent of Damage suffered by Victims of Violence, PART 1 Report of the Presidential… Read more »

MP Charles: Mahaweli Project J Zone

by Sri Lanka MP Charles Nirmalanathan, TrendReport.lk, May 29, 2023 [Translated from Tamil by Google Translate with minor edits — Editor] “The Mahavali Project is a long-term strategy to destroy the ethnic heritage of the Tamils, settle the Sinhalese population, and make the Tamils ethnically non-existent,” Charles MP charged. He also warned about Sinhalese immigration… Read more »

IMF-supported EFF program Press Briefing for Sri Lanka

by International Monetary Fund, Washington, DC, March 21, 2023 Video of press briefing at IMF Videos – Press Briefing on the IMF Executive Board Approval of the Extended Fund Facility (EFF) Arrangement for Sri Lanka Staff country report, March 20, 2023 T R A N S C R I P T MS. YAN: Thank you… Read more »

Canadian MP Gary Anandasangaree on IMF Bailout of Sri Lanka

by Liberal MP Gary Anandasangaree, Ottawa, Canada, March 21, 2023 https://www.youtube.com/live/bVp5wnT83mo?feature=share On Parliament Hill, Liberal MP Gary Anandasangaree discusses the International Monetary Fund’s bailout program for Sri Lanka to help bolster the country’s struggling economy. He is joined by Ahrabi Rajkumar (advocacy lead for People for Equality and Relief in Sri Lanka), Madura Rasaratnam (associate… Read more »

IMF Approves Sri Lanka’s $2.9bn Bailout

by Agence-France Press in The Guardian, UK, March 20, 2023 President vows to get economy back on track through ‘prudent fiscal management and ambitious reform agenda’ The International Monetary Fund has approved Sri Lanka’s request for a $2.9bn bailout, raising hopes for an easing of its economic crisis. The IMF’s board confirmed it had signed… Read more »

Why Is South Asia’s Finest Natural Harbor Still Undeveloped?

by P.K. Balachandran, Eurasia Review, Oregon, USA, February 27, 2023 While the Trincomalee port’s intrinsic value is well-known, its exploitation has been stymied by a variety of factors   The natural endowments and the strategic value of Trincomalee port have been well-known for long time. Yet, to date, very little concrete has been done to… Read more »