Categories
Military

Only Gotabhaya thought a Military Victory was Possible

“No one, may be with the exception of Gothabaya Rajapaksa, but he’s the only person I can mention who thought a military victory was possible. I was very hard to say very close to Indian intelligence and an enormous amount of time throughout this process and never, ever did any Indian official hint that a military victory was possible until mid 2008. Then they started, I observed the change in Mr.M.K.Narayanan and others and gradually shift into the position that may be, state may be the government can wipe out the tigers military victory.”Norwegian peace envoy Erik Solheim said last week

“Sri Lankans try to manipulate every single day for whole this 10 years, for their business interest part of that they tried to manipulate all. We may be fool but no so foolish that we understand that they tried to manipulate.” Minster of the Environment and international Development Erik Solheim further said.

Sri Lankans try to manipulate every single day for whole this 10 years, for their business interest part of that they tried to manipulate all. We may be fool but no so foolish that we understand that they tried to manipulate.

Eric Solheim made this remarks last week in Oslo seminar followed by the launch of the evaluation report of the Norwegian Peace effort in Sri Lanka. The evaluation has been performed by CMI in Bergen and the School of Oriental and African Studies (SOAS) in London, and deals with the Norwegian peace effort in Sri Lanka between 1997 and 2009.

Categories
Domestic

“Lies Agreed Upon”: Sri Lanka counters Channel 4

Categories
Domestic

Sri Lanka: Account for Wartime Disappearances

The Sri Lankan government should account for everyone who was taken into custody at the end of Sri Lanka’s 26-year-long armed conflict in May 2009 and are feared to have been “disappeared,” Human Rights Watch said today. Despite numerous requests from families for information about their relatives, the authorities do not appear to have conducted any serious investigations, Human Rights Watch said.

Human Rights Watch said unresolved enforced disappearances should be part of the mandate of a proposed United Nations investigation into laws-of-war violations by both government forces and the Liberation Tigers of Tamil Eelam (LTTE). A Panel of Experts appointed by United Nations Secretary-General Ban Ki-moon to advise him on steps for ensuring accountability for laws-of-war violations in Sri Lanka is expected to hand over its report later in April 2011.

Categories
Military

MR orders full inquiry

While denying reports that the Sri Lankan Navy had fired on Indian fishermen, President Mahinda Rajapaksa said that he instructed the Navy to carry out a detailed investigation into the incident, the Hindu reported today.

Talking over breakfast to foreign correspondents at his Temple Trees residence in Colombo this morning, he said that the Sri Lankan Navy was not involved in the incident.

Asked if Prime Minister Manmohan Singh had spoken to him about the incident, he said that the Prime Minister had not. Asked if the Sri Lankan government would take action in the event of the firing being committed by its security forces, he said that despite the preliminary investigation – which established that the Navy was not involved — he had asked the Navy Commander to conduct a detailed investigation.

The Sri Lankan Navy’s chief of operations, said that the incident occurred well within the Indian waters. “The sea is very shallow in these areas and the position of all our ships’ locations are monitored by land-based and other equipment. This is in the open and anyone can check,” he told The Hindu, denying that the Sri Lankan Navy had anything to do with the incident.

Categories
Foreign Affairs

Extreme World: Is Sweden as Clean as it Seems

Ceybank Asset Management (CAM), Sri Lanka’s largest unit trust fund manager, has launched an open ended gilt-edged fund aiming to attract small investors especially in rural areas, officials said.

The ‘Ceybank Surakum’ fund will invest in government Treasury bills and bonds and other government-backed securities but not in equities and aim to give a return higher than interest rates on bank deposits which have been falling.
Chitra Sathkumara, chief executive of CAM, said their initial target is to raise at least two billion rupees

“This will give small investors a better choice,” he told a news conference.

“In Sri Lanka most people invest a part of their money in savings accounts and fixed deposits but interest rates on savings accounts are falling while the cost of living is increasing, and people get poorer.”

This had prompted some investors to search for high interest yielding but risky products and lose money in financial scams, he said.

“Many investors lost their life saving trying to get super returns. The Surakum fund aims to earn returns above savings accounts while ensuring safety. We aim to bridge the gap between savers and investors through this fund.”

The minimum investment in the fund is 10,000 rupees and each unit 10 rupees.

The Ceybank Surakum fund will pay two dividends a year in January and July, with the first dividend being paid in July 2011.

Dividends from investments are tax free, the investments can be encashed at the prevailing market price and investors can switching their money among other funds managed by CAM.

The fund will be marketed with the help of the branch network of the state-owned Bank of Ceylon, which has a 43.4 percent stake in CAM.

Other shareholders are state-owned Sri Lanka Insurance, Carson Cumberbatch & Co. and Unit Trust of India, said K Hewage, chairman of Ceybank Asset Management.

Proposals in the government’s 2011 budget announced last week exempting unit trusts from certain taxes and relaxing foreign exchange controls to allow foreigners to invest in the funds will help promote the industry, he said.
The budget also made income earned by unit trusts from listed stocks and bonds free from income tax.