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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2678

News

Sri Lanka Government plans to acquire excess boats from the tsunami-affected community

Sunil C. Perera - Reporting from Sri Lanka

The Government of Sri Lanka plans to buy excess fibre boats, which were distributed after the Boxing Day, but now idling in the backyards. According to the Divisional secretaries of the tsunami-hit areas, a number of fiber boats are now left to idle for the various reasons.‘This is common scene in the tsunami hit areas,’ said Divisional Secretaries of these areas. Speaking to media, a number of new boat owners said that they cannot put their boats due to legal barriers, such as lack of fishing license.

Karunanidhi brushes aside Balasingham's remarks

By M Rama Rao - Reporting from New Delhi for Asian Tribune

KarunanidhiIn his first public comment on the LTTE's forgive and forget proposition articulated by its ideologue Anton Balasingham, Tamilnadu Chief Minister Muthavel Karunanidhi sounded unenthusiastic. He finds what Balasingham had said is "were unclear". The DMK supremo, who was once seen as too close to the LTTE, said in reply to a newsman's question said "What Balasingham is saying is not clear. Whatever he had said, he changed it".

Indo-US Nuclear Deal gets US Senate, House Committee Endorsement: American-Indian community jubilant

Daya Gamage – US National Correspondent for Asian Tribune

Indo-U.S. nuclear agreement successfully passed the most difficult first phase with an almost bi-partisan approval of the United States Senate and House committees this week assuring an easy ratification from the full Senate and the entire House. The House International Relations Committee and the Senate Foreign Relations Committee voted overwhelmingly to support the historic U.S.-India nuclear agreement.

Cey-Nor signs MoU with RAIC, Canada to develop fishing industry

Sunil C. Perera - Reporting from Colombo

Relief Aid International, Canada, (RAIC) signed a Memorandum of Understanding (MoU) with the CEY-NOR Foundation Ltd.(Cey-Nor), a fully owned company of the Sri Lankan government, functioning under the Ministry of Fisheries and Aquatic Resources, to provide assistance worth Canadian $ 500,000 to the government of Sri Lanka to rehabilitate the tsunami affected fishing industry. The Livelihood Division of the Reconstruction and Development Agency (RADA), which is spearheading tsunami reconstruction and rehabilitation efforts, arranged and facilitated the signing of this agreement. The project which will be launched resulting form the MoU is likely to expedite livelihood restoration in the tsunami affected areas, RADA said.

Sri Lanka’s Gem and Jewellery for Chinese market

Sunil C. Perera - Reporting from Colombo

The National Gem and Jewellery Authority [NGJA] plans to tap the Chinese market this year. As the first step, NGJA has made arrangements to participate in the China International Gold Jewellery and Gem fair that will be held from November 2 to 5 in Shanghai. According to the NGJA sources, this is the first time that it will take part in the Chinese exhibition and there is a huge market potential for gems in China.

Prevailing conditions dissuade Japanese investors

By Quintus Perera – Asian Tribune

On the basis of the 16th Survey of the Investment related cost comparison in Major Cities and region in Asia conducted by the overseas research Department of the Japan External Trade Organization (JETRO) though the labor cost is lower in Colombo (Sri Lanka) the Japanese investors are dissuaded coming to Sri Lanka because of the prevailing problems such as unstable social conditions, insufficient infrastructure and poor technical level in low cost cities, like Colombo, Dhaka and Yangon.

Buddhist-Hindu brotherhood

By Janaka Perera – Reporting from Colombo.

A major conference will be held at Kandy on Saturday (July 1) to discuss the formation of a Buddhist-Hindu brotherhood. All Buddhist and Hindu organizations in the Kandy District will be represented at this meeting, which will be held at the Sri Palipana Chandrananda Memorial International Buddhist Conference Hall, Asgiriya. Two members from each organization will participate in this conference - the objectives, which include the protection of Sri Lanka’s Buddhist and Hindu religious and cultural heritage and meeting the threats to the country’s age-old moral values and traditions that are largely common to both communities.

High interest rates for those save with HBC

By Quintus Perera - Asian Tribune

Hong Kong and Shanghai Banking Corporation Ltd (HSBC) in a bid to encourage more and more saving has last week introduced to the market three deposit products – HSBC Smart Savings Accounts, HSBC Foreign Currency Deposits and HSBC Fixed Flight designed to help customers save even more than before with one of the highest interest rates around. HSBC Smart Savings Accounts is with an interest rate of six percent, when their balance grow their balance by Rs 10,000 or more monthly. The initial deposit required is Rs 30,000 and the minimum balance and the minimum balance requirement is Rs 25,000.

No unilateral changes in the ceasefire mission, reiterates Peace Secretariat Chief

By Our Colombo Correspondent

Dr. KohonaThe Head of the Government's Peace secretariat today reiterated that any changes in the ceasefire monitoring mission needed the government's consent as the representative nations of the SLMM held crisis talks in the future of the ceasefire mission. "It is not a request, but a right," said Dr. Palitha Kohona, the Head of the government's Peace Secretariat who was formerly the former Head of the United Nation's treaty division.

Can the LTTE wage another war?

By Ranjith Gunaratna

In addition to the sporadic attacks on the security forces, bomb explosions, suicide attacks, and killing of civilians, threatening rhetoric of the LTTE leaders have imprinted a reasonable fear among the general public in Sri Lanka. Today, the public's perception is that at any moment the country would plunge into another costly and bloody war. The two dominant paradigms: outbreak of war after every failed peace negotiation in the past; and strengthening of the LTTE's military capabilities during the period of peace are supporting this belief. It is also natural to have such feelings as the LTTE has never ever displayed any genuine interest in resolving the conflict through negotiation. Therefore, based on its track records, no sensible human being is prepared to trust them. Yet, in the highly unpredictable environment of today, it is very unlikely that the LTTE would willingly resort to a full scale war. This appears to be rather controversial hypothesis, but there are evidences to arrive at this conclusion.

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