The Lanka Academic

MAY 12, 2010 EST, USA
VOL. 11, NO. 36


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2010 General Election Results
Headline Summary
F R E E      C L A S S I F I E D S
T  O  P      H  E  A  D  L  I  N  E
Buoyed By Growth, Sri Lanka Aims To Tap Bond Investors
WSJ, May 13. NEW YORK (Dow Jones)--Sri Lanka is considering a new sovereign bond deal for up to $1 billion that could be brought to market as soon as July, Central Bank Governor Ajith Nivard Cabraal said Tuesday in an interview with Dow Jones Newswires. The small Asian island nation is enjoying healthy rates of growth after a decades-long ethnic civil war ended last year, and the newfound peace has opened up opportunities for foreign investment in a number of sectors. After a successful $500 million, five-year bond sale in October, the first since the end of the conflict a year ago, officials are looking to raise additional funds to help rebuild parts of the economy that were ravaged by the war, Cabraal said. More...
Published: Wed May 12 21:46:13 EDT 2010

Europe's Storm Could Toss Sri Lanka
wsj, may 13. One year out of a bloody war, Sri Lanka has been enjoying a peace dividend. Unfortunately, much of that is being paid in euro. Shares in Colombo have more than doubled since the government declared an end to its 26-year civil war last May. So far in 2010, stocks are up 25%, making Sri Lanka Asia's best-performing stock market. Bond investors too jumped in, snapping up a $500 million sovereign debt offering last year. More...
Published: Wed May 12 21:43:42 EDT 2010 Back to the top

Sri Lanka's Gen Sarath Fonseka denies incitement charge
bbc, may 13. Defeated Sri Lankan presidential candidate Gen Sarath Fonseka has for the first time appeared before a civilian court to deny inciting unrest. He is alleged to have said in a newspaper interview last year that the defence secretary ordered the killing of surrendering Tamil rebels. The general appeared before Colombo magistrates to protest his innocence. He said he had been misquoted by the newspaper and that the case was part of an attempt to silence him. More...
Published: Wed May 12 21:42:31 EDT 2010 Back to the top

Rajaratnam Says Cricket, Not Crime, Was on His Mind (Update1)
bloomberg, May 13. May 13 (Bloomberg) -- Galleon Group LLC co-founder Raj Rajaratnam had a ready answer for every question U... Back to the top

India trying to revive Cepa with Lanka
ET, May 13. NEW DELHI: With the election process ending in Sri Lanka and the Rajapaksa government settling into its second term, India is trying to revive the comprehensive economic partnership agreement (Cepa) with Sri Lanka... Back to the top

Paul Collingwood believes England can beat Sri Lanka in World Twenty20
guardian, May 13. The England team were training out at the Beausejour Stadium again yesterday, practising their six-hitting off a few short-range throw-downs... Back to the top

Cricket-Sri Lanka consider mystery man Mendis to sink England
reuters, May 13. GROS ISLET, May 12 (Reuters) - Sri Lanka skipper Kumar Sangakkara could unleash versatile, young spinner Ajantha Mendis on an England team that has had little experience of playing the talented bowler... Back to the top

Big B, SRK, Ash confirmed at IIFA
TOI, may 13. Much against rumours that Amitabh Bachchan might skip the IIFA Awards at Sri Lanka this year following the resistance from people in Tamil Nadu, Big B has confirmed that he will very much attend the event even if its for one day... Back to the top

Sri Lanka's Gen Sarath Fonseka denies incitement charge
BBC News, May 12, 2010. Defeated Sri Lankan presidential candidate Gen Sarath Fonseka has for the first time appeared before a civilian court to deny inciting unrest... Back to the top

Sri Lanka war crimes probe says lacks legal powers
Khaleej Times, May 12, 2010. COLOMBO - Sri Lanka’s committee probing war crimes said on Wednesday it does not have the legal power to investigate alleged rights abuses during the final stages of the South Asian nation’s 25-year separatist conflict... Back to the top

Toronto-area man pleads guilty to funding Tamil Tigers
NP, may 12. Toronto -- Prapaharan Thambithurai is a satellite dish installer and father of three... Back to the top

Man pleads guilty in landmark terrorism financing case
Globe and Mail, May 12. The federal prosecutor has recommended two years in prison for a man who pleaded guilty Tuesday to collecting money for the Tamil Tigers – Canada’s first court case involving fundraising for a banned terrorist group... Back to the top

New Beginning for Sri Lanka?
yahoo, May 12. COLOMBO, May 11 (IPS) - For a country that has had quite a few run-ins with global giants in the diplomatic arena, the last fortnight has witnessed somewhat of a turnaround for Sri Lanka... Back to the top

In Sri Lanka, cricket leadership programme helps former child soldiers
UNICEF, May 12. COLOMBO, Sri Lanka, 11 May 2010 – Gopi, 16, makes a dash and lunges to take the catch... Back to the top

India humiliated by gutsy Sri Lanka
IOL, May 12. Gros Islet - India were humiliatingly knocked out of the Twenty20 World Cup on Tuesday when a last-ball six from Sri Lanka's Chamara Kapugedera condemned them to their third straight defeat in the Super Eight stage... Back to the top

India to pump in more aid for Sri Lanka: Rao
Rediff, May 11. Foreign Secretary Nirupama Rao on Monday said that New Delhi would continue to give more financial aid to Sri Lanka for rehabilitation and reconstruction of the war-ravaged Tamil-dominated northern areas... Back to the top

China: Sri Lanka's 'unconditional' ally
DW, May 11. China's influence in Sri Lanka has increased immensely in recent years... Back to the top

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