Sri Lanka in initial discussions on IMF loan – Fin Min

By Shihar Aneez COLOMBO, Feb 12 : Sri Lanka is in initial talks with the IMF about a loan, Finance Minister Ravi Karunanayake said today, amid concerns over pressures on its balance of payments, outflows from government bonds and a ballooning fiscal deficit. Higher foreign debt repayments and the central bank’s heavy intervention to prop […]

Short of options, Sri Lanka turns back to Beijing’s embrace

By Shihar Aneez COLOMBO, Feb 11 : Just over a year after a new leader was elected and Sri Lanka’s business ties with China came under close scrutiny, Colombo is reversing course by resuming a stalled port project and naming Beijing as the front runner for a new special economic zone. India is nervous about […]

UN rights chief meets families of Sri Lanka’s war victims

By N. Parameswaran JAFFNA, Sri Lanka, Feb 7 : The United Nations human rights chief today travelled to the north and east of Sri Lanka to assess the country’s progress in prosecuting alleged war crimes. Zeid Ra’ad Al Hussein is the first senior UN official in two-and-a-half years to visit the northern conflict zones of […]

Sri Lankan president promises impartial war crimes investigation

By Shihar Aneez COLOMBO, Feb 4 : Sri Lanka’s president said today he would abide by a UN resolution calling for a credible war crimes tribunal to investigate allegations of atrocities in the country’s war against Tamil separatists. However, Maithripala Sirisena did not explicitly agree that foreign judges and prosecutors could take part in such […]

Sri Lanka ex-leader’s son arrested by financial crimes police

By Shihar Aneez and Ranga Sirilal COLOMBO, Jan 30 : A son of former Sri Lankan president Mahinda Rajapaksa was arrested on Saturday under the country’s money laundering act and remanded in custody until February 11, the police said. Several members of the Rakapaksa family are facing police investigations for alleged financial crimes. They include […]

South African Ford returns as Sri Lanka coach

By Shihar Aneez COLOMBO, Jan 29 : South African Graham Ford will return as Sri Lanka’s head coach after leaving English county championship side Surrey. The 55-year-old Ford took over as Sri Lanka’s coach in 2012 for two years before moving to Surrey, whom he led to promotion from County Championship Division Two last year. […]