Reuters report, Aug 11, 2022China’s real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making investors cautious. Already battered share prices have fallen a further 7 per cent this month as investors have reacted to the latest instances of such companies lending support to cash-strapped developer parents. “The capital market has lost confidence in some of the…
Posts published in “Sri Lanka”
report in The Morning, Aug 8, 2022GoSL trying to persuade China to agree to deferment requestChinese embassy requests urgent meetingPM Dinesh thanks Modi for humanitarian assistance Amidst a potential diplomatic clash with far-reaching consequences, the Government of Sri Lanka (GoSL) is engaged in “quiet diplomacy” to persuade China to agree to its request to defer the docking of the Chinese vessel Yuan Wang 5 to dock at the Hambantota Port this week, diplomatic sources told…
AFP report Aug 7, 2022Colombo : Sri Lanka has asked China to indefinitely delay a visit by a ship reported by Indian media to be a spy vessel, following intense pressure by the island’s northern neighbour, official sources said yesterday. In a written request, the Sri Lanka foreign ministry told the Chinese embassy in Colombo not to go ahead with the visit, an official involved in the process told AFP yesterday. “The ministry wishes to…
by Aanya Wipulasena and Hannah Ellis-Petersen in The Guardian, Aug 6, 2022Fri 5 Aug 2022 09.28 BSTColombo/Delhi: The Sri Lankan government has been accused of a draconian crackdown on protesters who were involved in toppling Gotabaya Rajapaksa as president, with activists facing intimidation, surveillance and arbitrary arrest. Dozens of protesters have been detained by the police in recent days as the government, led by the newly appointed president, Ranil Wickremesinghe, tried to crush the mass…
By Akitha Perera in The Island, Aug 6, 2022Opposition Leader Sajith Premadasa said Thursday that his party would launch a non-violent protest movement against the supression of the people’s democratic rights. “We oppose the government’s moves to arrest protesters and dissidents. People have rights enshrined by the Constitution. We oppose anyone who tries to violate these rights,” he said, addressing a press conference, held by MPs from several political parties. Premadasa said that the people…
COLOMBO: Sri Lanka’s cabinet on Tuesday approved a proposed ban on wearing full-face veils, including Muslim burqas in public, citing national security grounds, despite a UN expert’s comment that it would violate international law. The cabinet approved the proposal by public security minister Sarath Weerasekera at its weekly meeting, Weerasekara said on his Facebook page. The proposal will now be sent to the attorney general and must be approved by parliament to become law. The…
President Dr Arif Alvi on Friday said that Pakistan was an attractive destination for the Buddhist tourists and invited people from Sri Lanka to visit the religious and scenic sites in the country. The president, during a meeting with the visiting Chief of Defence Staff and Commander of the Sri Lankan Army, General Shavendra Silva, who called on him at Aiwan-i-Sadr, said Pakistan highly valued its relations with Sri Lanka. He said both countries had…
Pakistan and Sri Lanka have agreed to further enhance bilateral cooperation, especially in training and professional enhancement programmes. The understanding was reached at a meeting between Chief of Air Staff, Air Chief Marshal Mujahid Anwar Khan and Sri Lankan Defence Secretary and State Minister of National Security and Disaster Management, General (retd) GDH Kamal Gunaratne in Colombo. During the meeting, various matters of mutual interest came under discussion, said a PAF press release received here.…
Cabinet has cleared the West Container Terminal (WCT) of the Colombo Port to be developed as a 35-year joint venture with India’s Adani Group and its local partner John Keells Holdings PLC as well as with investment from Japan, a top official said yesterday. Cabinet Spokesman and Media Minister Keheliya Rambukwella told reporters at the weekly Cabinet briefing that the decision was taken in accordance with policies outlined in the President’s manifesto ‘Vistas of Prosperity…
Pakistan has offered a $50 million new credit line to Sri Lanka for cooperation in the field of defence and security. The announcement was made by Prime Minister Imran Khan, who concluded his two-day official visit to the island nation, said a joint communique issued by the foreign ministries of the two countries from Colombo and Islamabad on Wednesday. The two sides called for stronger partnership in matters related to security, terrorism, organised crime and…
report in Dawn, August 24th, 2019 KARACHI: The office of Sri Lankan President Maithripala Sirisena has distanced the head of state from remarks regarding India-held Kashmir as well as mediation offer between Pakistan and India, as mentioned in a press release issued by the Pakistan High Commission in Sri Lanka. The press release was issued on Wednesday after a meeting between Pakistan High Commissioner retired Maj Gen Dr Shahid Ahmad Hashmat and President Sirisena, which…