Page 17 - Sri Lanka

Sri Lanka fails to strike agreement on restructuring terms with bondholders

Sri Lanka plunged into its worst financial crisis since independence from the British in 1948 after its foreign exchange reserves ran to catastrophic lows in early 2022

India allows export of 10,000 tonnes of onion to Sri Lanka, eases ban

Directorate General of Foreign Trade says India has approved 79,160 tonnes of onions for export, overriding a ban imposed in December

Uncertainty over elections could risk Sri Lanka's economic recovery: ADB

The "uncertainty" over the impending elections in Sri Lanka will cause a possible downward trend in the country's economic outlook, the Asian Development Bank (ADB) has said. The island nation is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. However, political uncertainty prevails in the country as opposition parties have pledged to reverse the current IMF-linked reforms, which have proved to be unpopular with the masses. President Ranil Wickremesinghe, who has steered the recovery programme by going into a bailout deal with the International Monetary Fund (IMF) for a USD 2.9 billion facility, maintains that the island could once again face economic collapse if the IMF programme reforms are not adhered to. Outlining the economic risks Sri Lanka is facing, the ADB in its South Asian chapter's economic trends report released yesterday said, Among them the most important is uncertainty associated with the .

'No ground' for India's request for return of Katchatheevu: Lanka minister

The statements coming out of India on "reclaiming" Kachchatheevu island from Sri Lanka have "no ground", the Sri Lankan Minister of Fisheries Douglas Devananda has said. The senior Sri Lankan Tamil politician's comments came days after the Narendra Modi government targeted the Congress Party and its ally the Dravida Munnetra Kazhagam (DMK) in Tamil Nadu accusing them of overlooking national interests in the ceding of Katchatheevu island to Sri Lanka in 1974. The BJP has also been targeting the two parties for not ensuring the rights of the fishermen wanting to fish in waters around the Katchatheevu island. It is the election time in India, it is not unusual to hear such noises of claims and counterclaims about Kachchatheevu," Devananda told reporters in Jaffna on Thursday. I think India is acting on its interests to secure this place to ensure Sri Lankan fishermen would not have any access to that area and that Sri Lanka should not claim any rights in that resourceful area, Devanan

Sri Lanka unaware of ship carrying toxic waste from the US, say official

Sri Lanka is not yet aware of the nature of hazardous materials on the cargo vessel that collided with a key Baltimore bridge last week as it was supposed to declare the contents of containers only 72 hours before the time of arrival into the Colombo Port, officials here said. The Singapore-flagged container ship vessel Dali, which was mainly manned by an Indian crew, collided with the 2.6-km-long four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore in the early hours of March 26. The 984-foot cargo ship was bound for Colombo, Sri Lanka. The ship was carrying 764 tonnes of hazardous materials as reported by the US media. According to the information available, there are 57 containers with such toxic materials that can be categorised under the International Maritime Dangerous Goods Code. The waste included mostly corrosives, flammables, miscellaneous hazardous materials, and Class-9 hazardous materials, including explosives & lithium-ion batteries in 56 ...

Katchatheevu: Why getting Sri Lanka to see Indian POV may be an uphill task

BJP claims that the Congress government led by Indira Gandhi gave away Katchatheevu island to Sri Lanka in 1974

Before Katchatheevu, there was Bengal's Berubari: How a CM took on PM Nehru

The Berubari case went on to affect the Katchatheevu matter decades later, with opponents of the island's transfer to Sri Lanka citing it as a reason to reclaim the territory

19 fishermen detained by Sri Lanka return home: Indian High Commission

As many as 19 Indian fishermen detained by the Sri Lanka Navy were on Wednesday repatriated to India after being released by authorities here, the Indian High Commission said. "Returning home! 19 Indian fishermen have been repatriated from Sri Lanka and are now on their way from Colombo to Chennai," the Indian High Commission here said in a post on X. The Navy has so far held 23 Indian trawlers and 178 Indian fishermen for allegedly fishing in the island nation's waters thus far in 2024, and handed them over to authorities for legal action, the Sri Lankan Navy late last month confirmed in a statement. The fishermen issue is a contentious one in the ties between India and Sri Lanka, with Lankan Navy personnel even firing at Indian fishermen in the Palk Strait and seizing their boats in several alleged incidents of illegally entering Sri Lankan territorial waters. The release of 19 Indian fishermen comes amidst a row over the Katchatheevu island issue after India's ruling BJP blamed

Stalin slams BJP for 'somersault' on Katchatheevu, says PM has no guts

Tamil Nadu Chief Minister M K Stalin has said that the BJP has done a "somersault" on the Katchatheevu issue since the Lok Sabha polls are round the corner. Stalin claimed that Prime Minister Narendra Modi does not have the guts to neither condemn Sri Lanka over fishermen arrests nor oppose China on its claims over Arunachal Pradesh. When that is the case, how can he talk about Katchatheevu, he said. In an election rally here on Tuesday, the president of the ruling DMK hit out at Modi for staging a "drama" and coming up with "stories" on the Katchatheevu issue and dubbed the disclosures by the Centre on the matter under the RTI Act as "wrong information." He asked how the government had given "wrong information" concerning the nation's security under the RTI Act to an individual belonging to the BJP (Tamil Nadu state chief K Annamalai). The BJP government had earlier failed to provide answers on Katchatheevu by stating that the subject was subjudice as the matter was pending before

DMK spreading false propaganda on Katchatheevu, says FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday accused the ruling DMK in Tamil Nadu of spreading a false campaign on the Katchatheevu islet, ceded to Sri Lanka by India in 1974, and for making "irresponsible" statements on the issue. Then DMK president and TN Chief Minister M Karunanidhi was aware of the ruling Congress' move but did not object, she said. The Congress, which failed to come to power in Tamil Nadu after 1967, owes an explanation to the nation for the loss of the territory which former Prime Minister Indira Gandhi described as a tiny mass of rock, she said. Sitharaman claimed former Prime Minister Jawaharlal Nehru had described Katchatheevu as a "nuisance." "Let them set right the lies they have been saying for half a century," Sitharaman told reporters after an interaction at the Viksit Bharat Ambassador campus dialogue programme here. Ahead of the April 19 Lok Sabha elections in Tamil Nadu, the Katchatheevu issue has taken centre stage in the state, after Pr

Sri Lankan Cabinet has not discussed Katchatheevu issue, says spokesperson

Sri Lanka's Cabinet has not discussed the Katchatheevu issue so far as it was never raised, a government spokesman said here on Tuesday, after India's ruling BJP blamed the Congress Party for ceding the tiny island to Colombo in 1974. The Cabinet did not discuss it as it was never raised," Bandula Gunawardena, the Cabinet spokesman and minister of information told reporters here today. Prime Minister Narendra Modi on Sunday cited a media report to assert that new facts reveal that the Congress Party callously gave away Katchatheevu island to Sri Lanka. External Affairs Minister S Jaishankar also slammed the Congress Party and ruling Dravida Munnetra Kazhagam (DMK) over the Katchchatheevu island issue. On Monday, Jaishankar claimed that prime ministers from the Congress displayed indifference about Katchatheevu island as if they did not care and gave away Indian fishermen's rights despite legal views to the contrary. Citing details of the agreements between India and Sri Lanka firs

Katchatheevu island controversy: All you need to know

Katchatheevu, a small uninhabited island in the middle of India and Sri Lanka is making the headlines again. Prime Minister Narendra Modi has launched an attack against the Congress for giving it away

Day after attacking Cong, PM Modi targets DMK on Katchatheevu island issue

Prime Minister Narendra Modi on Monday targeted the DMK over the Katchatheevu island issue, alleging the ruling party of Tamil Nadu did nothing to safeguard the state's interests. New details emerging on the issue of India handing over the Katchatheevu island to Sri Lank have unmasked the DMK's double standards totally, he said on X, citing a news report which claimed that then chief minister M Karunanidhi had given his concurrence to the agreement despite his party the DMK's public posturing against the deal. The media report is based on an RTI reply received by Tamil Nadu BJP president K Annamalai to his queries on the 1974 agreement between India and Lanka when Indira Gandhi was the prime minister. Modi said, "Rhetoric aside, DMK has done NOTHING to safeguard Tamil Nadu's interests. New details emerging on Katchatheevu have UNMASKED the DMK's double standards totally." "The Congress and DMK are family units. They only care that their own sons and daughters rise. They don't care

Modi reignites Katchatheevu controversy, Cong say 'distortion of history'

In 1974, PM Indira Gandhi ceded the uninhabited island between India and Sri Lanka to the latter, aiming to resolve maritime border issues and foster bilateral relations

Congress callously gave away 'Katchatheevu' island, can't ever trust it: PM

Prime Minister Narendra Modi on Sunday cited a media report to assert that new facts reveal that the Congress "callously" gave away Katchatheevu island to Sri Lanka. "Eye opening and startling! New facts reveal how Congress callously gave away Katchatheevu. This has angered every Indian and reaffirmed in people's minds- we can't ever trust Congress," he said on X, sharing the report. The BJP is hopeful that the issue will come handy to its efforts to gain political traction in Dravidian state as it gears up for the Lok Sabha polls. The report is based on a RTI reply Tamil Nadu BJP president K Annamalai received on the decision of the then Indira Gandhi government in 1974 to hand over the territory in Palk Strait to the neighbouring country. Modi said, "Weakening India's unity, integrity and interests has been Congress' way of working for 75 years and counting." The report also cites first prime minister Jawaharlal Nehru's comments on the issue, a source of dispute between India an

Baltimore bridge: Biden okays $60 mn aid, Guv warns of long road ahead

Maryland Governor Wes Moore warned Thursday of a "very long road ahead" to recover from the loss of Baltimore's Francis Scott Key Bridge as the Biden administration approved USD 60 million in immediate federal aid after the deadly collapse. Massive barges carrying cranes streamed toward the site to begin the challenging work of removing twisted metal and concrete as a first step toward reopening a key shipping route blocked by the wreckage of the span. Moore promised that "the best minds in the world" were working on plans to clear the debris, move the cargo ship that rammed into the bridge from the channel, recover the bodies of the four remaining workers presumed dead and investigate what went wrong. "Government is working hand in hand with industry to investigate the area, including the wreck, and remove the ship," said Moore, a Democrat, who said quick aid is needed to "lay the foundation for a rapid recovery". President Joe Biden has pledged the federal government would pay the

Sri Lanka on high alert on Good Friday; security beefed up around churches

Sri Lanka was put on high alert on Friday and security beefed up in major cities across the country, with special surveillance around the Churches having Good Friday services, according to a senior police official Police spokesman Nihal Thalduwa said over that 6,000 police personnel, over 3,000 military soldiers and over 400 elite special task force members had been deployed across the country on the occasion on Good Friday. "We have identified 2,268 churches having Good Friday services to provide special security, Thalduwa said. Police have also set up a special hotline to report any suspicious movements near the churches. The police said they were taking all precautions in view of the fifth anniversary of the 2019 Easter Sunday suicide bombings which killed 270 people, including 11 Indians. Meanwhile, the Magistrates Court in central Colombo's Maligawatta has issued a summons to former president Maithripala Sirisena to appear before the court on April 4 to record a statement. T

Sri Lankan PM Dinesh Gunawardena meets Chinese President Xi Jinping

Chinese President Xi Jinping has assured continuous support to Prime Minister Dinesh Gunawardena for Sri Lanka's efforts for political and socio-economic progress and also said Beijing will stand for safeguarding the island nation's territorial integrity and sovereignty. China and Sri Lanka agreed to continue to act under the friendship, peace, mutual respect and fivefold principle in international affairs that do not interfere in the internal affairs of a country during a meeting between Xi and Gunawardena on Wednesday at Great Hall in Beijing, the prime minister's office said in a statement here on Thursday. Chinese President assured continuous support of China to Sri Lanka's efforts for political and socioeconomic progress. The Chinese President said that China will always stand for safeguarding independence, territorial integrity and sovereignty of Sri Lanka, the statement said. It was emphasised that bilateral relations should be based on mutual respect and mutual productivity

Sri Lanka's economy records 4.5% growth in fourth quarter of 2023

After six successive quarters of negative growth, Sri Lanka's bankrupt economy is estimated to have recorded a growth of 4.5 per cent year-on-year in the fourth quarter of 2023, the Central Bank announced here on Tuesday. It was only during the third quarter of 2023 that the economy recorded positive growth after six successive quarters of negative growth experienced by the cash-strapped economy. The headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, had decelerated to 5.9 per cent in February from 6.4 per cent in January. The gross official reserves improved to USD 4.5 billion by the end of February 2024, which includes the swap facility from the People's Bank of China. Governor Nandalal Weerasinghe said the reserve buildup was better than the Central Bank's expectations. The reserve buildup was supported by considerable net purchases by the Central Bank from the domestic foreign exchange market amidst increased foreign currency inflow

McDonald's closes stores in Sri Lanka after deal with partner ended: Lawyer

Wijewardane declined to describe the issues but local media reported that McDonald's went to court against Abans over allegations of poor hygiene