FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by bkasun Tue Apr 30, 2024 8:48 pm

» COCR IN TROUBLE?
by bkasun Tue Apr 30, 2024 8:43 pm

» EXPO.N - Expo Lanka Holdings De-Listing
by eradula Tue Apr 30, 2024 3:21 pm

» Maharaja advise - April 2024
by celtic tiger Tue Apr 30, 2024 12:01 am

» Srilanka's Access Engineering PLC think and Win
by Dasun Maduwantha Mon Apr 29, 2024 11:40 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Fri Apr 26, 2024 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Fri Apr 26, 2024 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Sri Lanka Is Ready to Take Center Stage

Go down  Message [Page 1 of 1]

1Sri Lanka Is Ready to Take Center Stage Empty Sri Lanka Is Ready to Take Center Stage Thu Jan 29, 2015 7:47 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

After a surprising election, the island democracy deserves U.S. attention.

Sri Lanka has rarely, if ever, topped any U.S. foreign-policy agenda. But after the surprising outcome of its presidential election earlier this month, it should get higher billing.

In a stunning reversal, Sri Lankans ousted President Mahinda Rajapaksa after 10 years of increasingly authoritarian and corrupt rule. By the time of the election, Mr. Rajapaksa had effectively turned the nation into a family-owned business, with seemingly little room for political opposition and scant attention to the reconciliation and accountability needed by all Sri Lankans following the violent, decades-long fight against Tamil separatists. The Rajapaksa family’s grip on the country made the election outcome all the more surprising.

In his place, Sri Lankans voted in a diverse coalition of parties led by Maithripala Sirisena, the former general secretary of Mr. Rajapaksa’s own Sri Lanka Freedom Party. Mr. Sirisena ran on a platform of constitutional reforms to limit executive power and restore independent oversight bodies. He also presented a more cautious view of Sri Lanka’s increasingly close relationship with China, which over the years bankrolled the Rajapaksas’ self-interested infrastructure projects, such as the strategic deep-water port in Hambantota.

Sri Lanka’s dramatic and peaceful nod to democracy should not be overlooked. Sri Lankans now have a choice with whom to engage, and China needn’t be their only friend. The U.S. should move quickly to take advantage of the opening presented by the newly elected government.

A good first start would be to invite President Sirisena to Washington to show support for an agenda that includes ethnic reconciliation, restoration of the country’s democratic institutions and a broader Sri Lankan foreign policy. An early invitation to the new Sri Lankan leader would demonstrate Washington is ready to turn a new page with Colombo and allow the U.S. to encourage Sri Lanka to respond to the United Nations’ concerns.

It’s also a good time for U.S. businesses to take a fresh look at investing in Sri Lanka. According to the Heritage Foundation-Wall Street Journal’s 2015 Index of Economic Freedom, Sri Lanka has one of the most open business environments in South Asia. As a global leader in garment manufacturing, Sri Lanka is making the transition to middle-income status and has raised per-capita income during the past decade to $3,300 per person from $1,000.

The U.S. already is Sri Lanka’s most important trading partner. But it can increase its economic engagement through investment in infrastructure projects, especially in the war-torn areas of the north and east.

The Sri Lankan military deserves high marks for staying out of the democratic process. But the institution is in need of reform. To encourage those efforts, the U.S. should consider reviving military-to-military contacts, which Washington drastically reduced in 2008 because of human-rights concerns.

The U.S. should also coordinate with like-minded nations, such as Japan and India, in shoring up the new government and reinforcing its initial policy moves. The new leadership has signaled its interest in departing from Mr. Rajapaksa’s pro-China policies, yet Washington, New Delhi and Tokyo must reciprocate quickly to offer concrete opportunities for engagement.

While human rights and national reconciliation should remain priorities for the U.S. government, Washington must show strategic patience as the new government attempts to implement changes, such as carrying out recommendations of the Lessons Learnt and Reconciliation Commission. Mr. Sirisena has pledged to address minority grievances. But he must be given the opportunity to live up to his words.

Now is the time for the U.S. to develop a roadmap for reviving ties with Sri Lanka that reflects the broad array of U.S. interests, including respect for human rights, democracy and the rule of law, as well as enhancing trade and regional economic integration and securing the Indo-Pacific.

Without plans for restoring U.S.-Sri Lankan relations, Washington risks losing an opportunity to deepen ties with a strategically located island nation of 21 million people. Sri Lankans have taken a major step forward in re-establishing democracy. Under Mr. Sirisena, the country stands to remove itself from China’s Indian Ocean “string of pearls.”

http://www.wsj.com/articles/armitage-bue-and-curtis-sri-lanka-is-ready-to-take-center-stage-1422466157

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum