The Lanka Academic

 
JULY 12, 2004 EST, USA
 
A NEWSPAPER PUBLISHED BY LACNET
 
VOL. 5, NO. 98

TLA FEATURE CORNER
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Headline Summary
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T  O  P      H  E  A  D  L  I  N  E
Sri Lanka peace hopes hit rock bottom despite polls victory
channelnewsasia.com, july 12. COLOMBO : A victory by Sri Lanka's ruling party at local polls is seen as strengthening President Chandrika Kumaratunga, but despite her renewed mandate the country could be headed for more mayhem, analysts said. Kumaratunga's Marxist-backed Freedom Alliance won all six Provincial Councils that went to the polls Saturday in a ballot held less than three months after parliamentary polls and marked by a low turnout. Diplomats had hoped the government would restart peace talks with the Liberation Tigers of Tamil Eelam (LTTE) after the landslide victory, but the rebels virtually put Kumaratunga on notice before full results were announced. The LTTE declared that they were prepared to go back to fighting with government forces, but they stopped short of officially pulling out of a tenuous Norwegian-brokered truce in place since February 2002. More...
Published: Mon Jul 12 22:07:05 EDT 2004

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Sri Lanka s Stocks Surge Defies Bearish Outlook
bloomberg.com, july 13. July 13 (Bloomberg) -- Without a whiff of good news supporting them, stocks in Sri Lanka, the teardrop island off India's southern coast, are the world's fifth-best performers this year. There's no apparent reason for the 22 percent surge in the Colombo All-Share Index in U.S. dollar terms, a gain exceeded only by Colombian, Austrian, Egyptian and Hungarian equities. The increase is all the more puzzling because it follows a 30 percent spurt in shares last year and a 26 percent jump in 2002. The exuberance ``is difficult to explain,'' says S. Jeyavarman, chief executive officer of National Asset Management Ltd., the country's largest unit trust company. ``It's a surprise to everyone in the market.'' More...
Published: Mon Jul 12 22:08:39 EDT 2004 Back to the top

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Government fails to secure majority in Parliament
Alladin Hussein in Colombo, July 12, 2004, 10.43 p.m. . The Government today claimed that it have had a series of fruitful discussions with Opposition MPs who have pledged to defect from their current parties and join the Alliance Government soon.

Government Minister Jeyaraj Fernandopulle has also claimed that the Government will secure its majority in Parliament within the next one month. This claim is despite an initial assurance by the United Peoples Freedom Alliance several weeks back that its party would secure the majority when Parliament resumes on July 20th. Currently the Opposition, led by the United National Party enjoys the majority of 114 MPs in Parliament.
Published: Mon Jul 12 12:45:25 EDT 2004 Back to the top


European Union calls upon all parties to prevent future violence
J. S. Nalin in Colombo, July 12, 2004, 9.10 p.m.. The European Union today called upon all parties to respect the Ceasefire Agreement signed between the previous United National Front Government and LTTE, and prevent any further violent incidents... Back to the top

Sri Lankan president concerns about threat to cease-fire, XINHUA
Associated Press, Mon July 12, 2004 12:34 EDT . - - The President is deeply concerned over last week's incidents of violence in Colombo and the East which threaten to disrupt the Ceasefire Agreement between the Government of Sri Lanka - and the Liberation Tigers of Tamil Eelam (LTTE), obstructing the permanent peace that we all seek, a statement issued by her office said... Back to the top

JVP says people rejects UNP’s programme
J. S. Nalin in Colombo, July 12, 2004, 9.10 p.m.. The Janatha Vimukthi Peramuna declared that the people of the country has once again rejected the United National Party’s political objectives of dividing the country... Back to the top

Tamil rebels threaten return to war if government continues to support renegade Tamil leader
Associated Press, Mon July 12, 2004 03:52 EDT . COLOMBO, Sri Lanka - (AP) The Tamil Tigers have threatened to resume Sri Lanka - 's two-decade civil war unless the government stops supporting a renegade rebel leader, news reports said... Back to the top

Bollywood Water shooting ends in Sri Lanka
newkerala.com, July 12. Four years after Hindu groups disrupted the filming of Deepa Mehta's "Water", the third in a trilogy of movies, the director has completed the film in Sri Lanka... Back to the top

Sri Lanka - US double taxation pact enters into force
123bharath.com, july 12. World News > Colombo, July 12: A convention between Sri Lanka and the US to avoid double taxation and prevent fiscal evasion of taxes on income entered into force Monday, it was announced here... Back to the top

Ex-Tiger commander breaks silence
BBC, july 12. A renegade Sri Lankan rebel commander has spoken publicly for the first time since he defected from the Tamil Tigers and went into hiding three months ago... Back to the top

UPFA hierarchy says people have rejected the ‘so called joint opposition’
J. S. Nalin in Colombo, July 11, 2004, 10.17 p.m.. The hierarchy of the United Peoples Freedom Alliance today declared that the country had rejected yesterday the ‘so-called joint opposition, which has been boasting about a majority in Parliament’, which is why the Alliance has been once again chosen to lead the country during Saturday’s election... Back to the top

'Little England' in Sri Lanka looks for funds from India
IndiaExpress.com, 11th July 2004 . Wimal Ratnayake, the Municipal Commissioner of Central Sri Lanka's Nuwara Eliya - an area starved of funds for development - is surprised that though the Japanese, Russian and even Chinese have come forward with financial assistance, no such help has come so far from Indians despite it being a Tamil-dominated region... Back to the top

Sri Lanka woos Indian tourists with veg food, adventure tours, sapphires
IndiaExpress.com, 11th July 2004 . Despite the recent suicide bombing incident, the Sri Lankan tourism industry hopes to woo more Indians to the country with what they prefer most - adventure tours and vegetarian food and sapphires... Back to the top

President calls upon Opposition parties to join her Government
Alladin Hussein in Colombo, July 11, 2004, 10.26 p.m.. President Chandrika Kumaratunga today extended an invitation to all Opposition political parties to shed differences and join her United Peoples Freedom Alliance Government and assist them to rebuild the country... Back to the top

The United Peoples Freedom Alliance secures a resounding victory
Alladin Hussein in Colombo, July 11, 2003, 10.05 p.m.. The United Peoples Freedom Alliance (UPFA) emerged victorious at yesterday’s election, by winning all six provincial councils, namely: Western, Southern, Central, North Central, Uva and Sabaragamuwa... Back to the top

S.Lanka Ruling Party Keeps Control in Local Polls
reuters.com, Sun Jul 11. COLOMBO (Reuters) - Sri Lanka's ruling United People's Freedom Alliance retained control of provincial councils after local polls held Saturday, a vote of confidence for the three-month-old government... Back to the top

India News India says it will keep backing Sri Lanka peace ...
newkerala.com, July 11 . India has assured Norway it will continue to back the Oslo-brokered peace process in Sri Lanka but made it clear that it remains opposed to any break-up of the island nation... Back to the top

Sri Lanka stays in the hunt after two wickets fall
Associated Press, Sun July 11, 2004 01:42 EDT . - - CAIRNS, Australia (AP) Tillekeratne Dilshan and Thilan Samaraweera put on 62 fifth-wicket runs Sunday as Sri Lanka - battled back from the loss of two quick wickets to be 342-4 at tea on the third day of the second cricket test against Australia... Back to the top

Low turnout at Lanka elections
gulf-daily-news.com, July 10, 2004. COLOMBO: Sri Lanka's local council elections ended here yesterday amid an unusually low turn out with President Chandrika Kumaratunga herself staying away from voting, officials said... Back to the top

SR40 Million Saudi Loan for Sri Lankan Project
arabnews.com, July 10, 2004. RIYADH, 10 July 2004 — A new project sponsored by the Saudi Fund For Development (SFD) will see the Kingdom pitch in with a SR40 million credit line for the construction of a new bridge and the widening of a highway in Sri Lanka... Back to the top

Sri Lanka willing to play tri-nation series in Pakistan
geo.tv, July 10, 2004. LAHORE: Sri Lanka has expressed its willingness to participate in the tri-nation cricket tournament to be played in October in Pakistan... Back to the top

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