The Lanka Academic

 
MARCH 13, 2008 EST, USA
 
QUAERE VERUM
 
VOL. 8, NO. 342

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Sri Lanka’s central bank to issue securities to mop up liquidity
news, March 14, 2008. COLOMBO: Sri Lanka’s central bank is to issue its own securities for the first time since 2003 because it has almost run out of treasury bills and needs paper to sell to the money market in order to mop up excess liquidity.

“The central bank is prepared to continue the absorption of liquidity by issuing its own securities under its open market operations,” it said in a statement on Thursday. Liquidity has increased because the central bank has been buying dollars in the market to keep the rupee steady in order to support exporters. The central bank said it had bought $360.6 million from the market so far this year.

“If the central bank continues to purchase more and more dollars, we will be releasing rupees. We need to absorb those rupees from the market,” D S Wijesinghe, an assistant governor at the central bank, told Reuters. More...Discuss this story
Published: Thu Mar 13 21:46:05 EDT 2008


SRI LANKA: Elections Planned in Ex-Tamil Tiger Country
IPS, March 14, 2008. BATTICALOA, Mar 13 (IPS) - Having secured local body polls in alliance with the armed Tamil Makkal Viduthalai Pulikal (TMVP), Sri Lanka’s ruling United People’s Freedom Alliance (UPFA) now plans to hold provincial elections in this eastern district, seized by the army from the militant Liberation Tigers of Tamil Eelam (LTTE) 10 months ago.

Foreign Minister Rohitha Bogollagama told newspersons in Colombo on Wednesday that the plan to hold provincial elections was part of a road map to solve the ethnic conflict on the island, as promised when the government unilaterally abrogated its 1992 ceasefire agreement with the LTTE in January.

The TMVP’s landslide victory was expected after the main opposition United National Party (UNP) and the Tamil National Alliance (TNA) boycotted the local polls held on Monday, on the grounds that situation was not conducive for free and fair elections. Both the UNP and the TNA are now opposed to the government’s plan to hold provincial elections in the district. More...Discuss this story
Published: Thu Mar 13 21:57:17 EDT 2008 Back to the top


India meddling in Sri Lanka affairs, says JVP
IANS, March 14, 2008. New Delhi, March 14 (IANS) A leader of Sri Lanka’s third largest political party asserts that India is again interfering in the country’s affairs by forcing Colombo to devolve powers to minorities. Vijitha Herath of the Sinhala-Marxist Janatha Vimukti Peramuna (JVP) also said in an interview here that India’s backing for a power sharing formula amounted to giving ideological backing to the Tamil Tigers.

“Indian ideas on devolution are indirect support to the LTTE (Liberation Tigers of Tamil Eelam) ideology,” Herath told IANS shortly before returning home.

Herath, who is also secretary of the JVP’s international affairs department, came to India to attend a meeting of the All India Forward Bloc at Jabalpur in Madhya Pradesh.

He praised his country’s military for waging war against the LTTE. He was furious over what he said were appeals by India and the West to ask Sri Lanka again and again to go for a political solution to the ethnic conflict that has left some 70,000 people dead since 1983. More...Discuss this story
Published: Thu Mar 13 23:47:09 EDT 2008 Back to the top


Ensure history records of "Eelam" is maintained: Prabhakaran
pti, march 13. Colombo (PTI): Charging the Sri Lankan government with "destroying evidence of Tamil history" in the country, LTTE supremo Velupillai Prabhakaran has said it was the duty of the authors and literateurs to ensure "the records exist... Back to the top

Is he Singaporean?
Electric News, March 14, 2008. HE is the Singapore link to terrorist group Liberation Tigers of Tamil Eelam (LTTE), the Sri Lankan government alleges... Back to the top

58 LTTE cadres killed: Colombo
hindu.com, Mar 14, 2008. COLOMBO: At least 58 cadres of the Liberation Tigers of Tamil Eelam have been killed in continuing fighting in Sri Lanka’s north in the last 48 hours, the military has said... Back to the top

Hearing set for alleged Tamil Tiger conspirator
Missuaga News, March 14, 2008. March 13, 2008 04:01 PM - A Malton man charged in connection with a North American network that police allege provides weapons and other materials to a terrorist group in Sri Lanka has had a date set for his extradition hearing... Back to the top

Sri Lanka to Start Power-Sharing Plan With Provincial Election
bloomberg, march 13. March 13 (Bloomberg) -- Sri Lanka's President Mahinda Rajapaksa said elections will be held for a provincial council in the east in the first stage of a power-sharing plan aimed at settling the issue of Tamil separatism... Back to the top

Sri Lankan military says 27 rebels killed in northern fighting
Associated Press, Thu March 13, 2008 06:11 EDT . - - COLOMBO, Sri Lanka - (AP) A wave of new fighting in northern Sri Lanka - has left 27 Tamil rebels dead, the military said Thursday... Back to the top

Sri Lanka's Tigers in crisis
atimes.com, Mar 14, 2008. In the past few weeks there have been many media reports that point to the prevalence of confusion and disarray among the Liberation Tigers of Tamil Eelam (LTTE) in the face of heavy losses inflicted by the armed forces of the government of Sri Lanka... Back to the top

Sri Lanka axes icons Jayasuriya, Muralitharan for limited-overs series against West Indies
Associated Press, Wed March 12, 2008 09:42 EDT . COLOMBO, Sri Lanka - (AP) Sri Lanka has dropped iconic stars Sanath Jayasuriya and Muttiah Muralitharan from its squad for the three-match limited overs series in the West Indies next month, the sport's governing body said Wednesday... Back to the top

Sri Lanka tourism drops in February on violence
reuters.com, Wed Mar 12, 2008. COLOMBO, March 12 (Reuters) - Escalating violence in Sri Lanka's 25-year civil war hit tourism in February, largely because Europeans stayed away, officials said on Wednesday... Back to the top

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