The Lanka Academic

VOL. 11, NO. 230


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Sri Lanka's Postwar Boom Misses Investors Wary of Corruption - Bloomberg, 2010-11-23 07:31:46 EST. With a postcard view of white sand and fishermen drawing in nets from the morning catch, the Chaaya Blu Hotel could be mistaken for a resort in Bali or Phuket. In fact it’s in Trincomalee, Sri Lanka, a country that 18 months ago saw the bloodiest battles of a three-decade civil war.

“You went out every day not knowing what would happen,” said Richard Vokes, the country director for Asian Development Bank. Vokes used to don a flak jacket and helmet before traveling the heavily guarded 160 mile (257 kilometer) journey to the north-eastern city from the capital Colombo. More...Discuss this story
Published: Mon Nov 22 22:30:24 EST 2010

Sri Lanka Plans Company Tax Cuts, Aiming to Fuel Postwar Growth - BusinessWeek, 2010-11-22 15:30:56 EST. Nov. 22 (Bloomberg) -- Sri Lanka plans to cut corporate taxes and adopt an inflation target for its central bank, aiming to bolster growth and anchor price expectations in the South Asian economy emerging from a 26-year civil war.

President Mahinda Rajapaksa, unveiling the 2011 budget in Colombo today, announced plans to lower the value added tax for banks to 12 percent from 20 percent, reduce the levy on construction companies to 12 percent and offer breaks to tea and rubber companies. He forecast the budget deficit to narrow to 6.8 percent of gross domestic product from 8 percent in 2010. More...Discuss this story
Published: Mon Nov 22 09:11:18 EST 2010 Back to the top

Sri Lanka's first full post-war budget
Reuters, Nov 22. Government targets 2011 fiscal deficit of 6.8 percent, down from 8 percent in 2010. That would be the lowest since 1992.

* Spending in 2011 is forecast at 1.42 trillion Sri Lankan rupees ($12.72 billion), up 11.4 percent from this year.

* Revenue is estimated to rise 18.6 percent year-on-year to 963.5 billion rupees.


* Income tax on industries with value addition in excess of 65 percent will be reduced to 10 percent from 15 percent.

* Income tax on all export companies will be trimmed to 12 percent from 15 percent. More...Discuss this story
Published: Mon Nov 22 09:22:49 EST 2010 Back to the top

Jordan agency dismisses report of maid abuse - Washington Post, 2010-11-22 16:51:24 EST. AMMAN, Jordan -- A Jordanian recruitment agency has dismissed a report alleging abuse of a Sri Lankan domestic worker... Back to the top

Lanka launches mobile consular services to help refugees in TN - Times of India, 2010-11-23 04:33:21 EST. The Deputy High Commission of Sri Lanka in Chennai, in collaboration with the rehabilitation department of Tamil Nadu, has initiated a mobile service in order to provide consular assistance to Sri Lankan refugees in Tamil Nadu... Back to the top

Suspected War Criminal Lands Job at United Nations - Fox News, 2010-11-21 22:58:12 EST. A suspected war criminal who allegedly played a key role in the slaughter of 40,000 civilians in Sri Lanka has landed a cushy job at the United Nations -- with full diplomatic immunity... Back to the top

S.Lankan president expands cabinet ahead of budget - AFP, 2010-11-22 12:45:00 EST. COLOMBO — Sri Lanka's president expanded his cabinet on Monday, retaining key positions for himself while adding 12 new ministers ahead of the presentation of the first budget of his second term, officials said... Back to the top

New Lanka Cabinet to be announced on Monday - Oneindia, 2010-11-21 18:03:36 EST. Colombo, Nov.21 (ANI): Sri Lanka will have a new cabinet under the leadership of President Mahinda Rajapaksa from Monday... Back to the top

Sri Lanka is now one country, my aim is to see whole nation gets all benefits ... - The Hindu, 2010-11-21 23:13:58 EST. But after the elimination of the LTTE and after the electoral victories, I don't see any leader in South Asia who is so well placed, so dominant politically ... Back to the top

Sri Lanka gains from Indo-Chinese supremacy battle - BBC News, 2010-11-21 22:08:45 EST. As India and China jostle for influence in the Indian Ocean region, the island nation of Sri Lanka seems to be ... Back to the top

Desi Journalist abused, thrown out of pro-Eelam meeting in NJ - South Asia Mail, 2010-11-22 12:01:25 EST. A veteran Indian-American journalist was forcibly thrown out of a pro-Eelam meeting organized by Association of Tamils of Sri Lanka in the USA and Ilankai ... Back to the top

Lanka asks ICRC to scale down their operations - INDOlink, 2010-11-21 11:31:25 EST. Sri Lanka has asked a top global humanitarian organisation engaged in relief operations in the north of the country to scale down their presence and work in the in former conflict areas like Jaffna and Vavuniya... Back to the top

Defence coop to figure high in talks during Zardari's SL visit - Hindustan Times, 2010-11-21 16:02:43 EST. After China, Pakistan was the second largest supplier of military hardware to Sri Lanka and also provides training for the Sri Lankan military... Back to the top

Life after the Tamil Tigers: Why Sri Lanka offers a very special brew - Daily Mail, 2010-11-21 20:56:17 EST. Then, suddenly, that old image of Sri Lanka being a teardrop fallen from the face of India took on a macabre new meaning as the Boxing Day 2004 tsunami ... Back to the top

Sri Lanka orders Red Cross to close northern offices - Sify, 2010-11-21 20:31:41 EST. The move comes after government issued a directive that all local and foreign non-governmental organisations operating in Sri Lanka would have to register ... Back to the top

Krishna goes to Sri Lanka minus the war's shadow - Sify, 2010-11-21 17:34:04 EST. New Delhi, Nov 21 (IANS) External Affairs Minister SM Krishna goes to Colombo Thursday with one clear agenda: mark a new beginning in India-Sri Lanka ... Back to the top

'LTTE wanted civilian deaths exaggerated' - Express Buzz, 2010-11-21 11:09:53 EST. COLOMBO: The Liberation Tigers of Tamil Eelam (LTTE) forced Tamil doctors serving in hospitals in the war zone in north Sri Lanka to grossly exaggerate civilian casualties in their interviews to the international media, the Lessons Learnt and Reconciliation Commission, set up by President Mahinda Rajapaksa, was told here on Friday... Back to the top

Pak-Lanka may expand defence cooperation - Pakistan Observer, 2010-11-21 09:51:29 EST. Colombo—Enhanced defence cooperation between Pakistan and Sri Lanka is likely to be finalised during Pakistani President Asif Ali Zardari’s three-day official visit to Sri Lanka, later this month... Back to the top

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