Sri Lanka lauds Pakistan?s efforts against terrorism

Krishnamoorthy back in Chennai as Lankan envoy

Former deputy high commissioner for Sri Lanka in India who served in Chennai between 2009 and 2012 has returned as the deputy chief of mission at the Sri Lanka deputy high commission in the city for a second stint. Ambassador Vadivel Krishnamoorthy, a senior career diplomat, took charge recently, the Times of India reported. Earlier he was handpicked by former Sri Lankan President Mahinda Rajapakshe for this important region after the end of the war against LTTE. Now Sri Lankan President Maithr

27 Oct, 2015

Some Tamil political prisoners to get bail

The Sri Lankan government on Monday decided to move court for bail in respect of a section of Tamil prisoners. A decision to this effect was taken at a high level meeting attended by Prime Minister Ranil Wickremesinghe and Ministers Tilak Marapana (Law and Order and Prison Reforms); Mano Ganesan (National Dialogue) and D.M. Swaminathan (Rehabilitation and Resettlement). The prisoners, numbering 217, have been accused of having indulged in terrorist activities and held under the Prevention of T

27 Oct, 2015

Government launches 10 year sovereign bond

Sri Lanka is selling global bonds for the second time this year as the government faces a wider budget deficit and a weaker currency, Bloomberg reported. The issuance is ranked B+ by Standard & Poor?s, its fourth-highest junk grade, and its size is yet to be decided, the ratings company said in a statement Tuesday. The sovereign is marketing 10-year notes and indicated it expects the securities to yield around 7 percent, according to a person familiar with the deal who isn?t authorized to speak

27 Oct, 2015