Sri Lanka News Updates with Discussions

'Mr. Thilak Karunaratne and Ms. Indrani Sugathadasa showed this country what it means to be decent, honourable citizens, where playing ball with the government did not always mean that it was good for the country. Their actions have put to shame those shamelessly practicing cronyism in this country.'

'The Ceylon Chamber of Commerce notes with concern the statements made by Thilak Karunaratne, Chairman of the Securities and Exchange Commission (SEC) to the media on his impending resignation. The resignation of two SEC Chairpersons within a period of less than one year will be viewed with concern by investors, corporates and other stakeholders. An effective and stable regulatory framework is critical to ensure a robust and sustainable capital market, which delivers long term value to all stakeholders,' the chamber said.

The Chambers statement is obviously watered-down and half hearted, and probably too late, but it is, nonetheless, an indictment on the government, the shady investors and crony brokers who believe the country s stock exchange does not need regulation, that market offences were an integral part of the system which should not be disturbed.

As highlighted in these pages, a plethora of respected persons, including four broker firms, have stood up in support of the SEC. All they had asked for is equity, justice and that the rule of law prevailed.

But as Treasury Secretary Dr. P. B. Jayasundera told the SEC, political considerations come first. He wanted the SEC to compromise. The SEC refused, and now its Chairman can do nothing but resign.

Justice Minister Mr Rauf Hakeem blamed the Police for being bias at the incident on the 13th instant at Addalachchena, Ampara.A commotion between the groups of the Minister and the National Congress A L M Athaulla where a party office of Mr Athaulla was burnt while some vehicles belonging to the Minister were damaged.

The Minister added that to disrupt the Iktar Fast ceremony and create a commotion the Senior Police Officer s conduct abetted much at this incident. He said that his supporters were trying to settle the commotion but the supporters of Mr Athaulla continued to burn their own offices with the help of the Police.

Mr Hakeem said he would make a complaint with the IGP and the Election Commissioner on this matter.

After huge delays, the US $ 270 million Indian housing project for displaced Tamils in Sri Lanka is now on track.

The pilot phase of the project for construction of 1,000 houses has been completed. The next phase of the Indian Housing project for 43,000 housing units under the owner-driven mode in the Northern and Eastern provinces has been launched, said Ashok K. Kantha, High Commissioner of India in Sri Lanka in an Independence Day message.

who going to give houses to Sinhala People whom were displaced from North East.....??

who going to give houses to Sinhala People whom were displaced from North East.....??

who going to give houses to Sinhala People whom were displaced from North East.....??

maybe if you plow the paddy fields in Japan a little faster and spend less time in LNP and more time on the paddy fields.. perhaps the Japanese government will help build some houses in Sri Lanka impressed with your work?? But then again a lazy patti gona like you cant expect much!:))))

Probably he is jobless. Who would give jobs to stray dogs barking in filth

How about using the money in the 600 accounts that your buddy KP has given and the gold that forces confiscated?