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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 76

Monthly archive

Sarath Amunugama

Sri Lanka: Mangala, Sripathi join the opposition

By Joseph Thavaraja

Ex-Ministerial Duo The controversial former Sri Lankan Ministers duo, have now joined the opposition. Former Ministers Mangala Samaraweera and Sripathi Sooriyarachchi left their benches in Government side and sat today with oppositions in Sri Lanka Parliament. Before he walked towards opposition benches at 11:54 am, standing from his government side, Mangala declared "As a moderate politician I cannot support the government anymore." He added "But I shall not leave the ruling SLFP. I shall continue to stay in SLFP and work with the party."

Setback for Sarkozy in second round of French legislative elections

While the Gaullist UMP (Union for a Popular Movement) of French President Nicolas Sarkozy has secured a clear majority in the new National Assembly, the widely predicted "blue tidal wave" (blue is the colour of the UMP) failed to materialize. After the final round of the parliamentary election, held on Sunday, the UMP commands 323 out of 577 seats, plus 20 for their allies in the New Centre, a split-off from François Bayrou’s center right UDF (Union for French Democracy). The UMP had expected to win well over 400 seats. Now it has 36 seats less than in the outgoing assembly. The Socialist Party, on the other hand, did much better than expected. With 205 deputies, it has 56 more than in the previous parliament.

Swiss Tamils protests against hoisting of Tamil Eelam flag

Sri Lanka President Mahinda Rajapakse has instructed the Ministry of Foreign Affairs to lodge a strong protest to the Government of Switzerland for allowing the agents and supporters of Tamil Tigers to hoist the “Tamil Eelam” flag on Swiss soil. This flag -- depicting a snarling Tiger putting his head out of ring of 33 bullets and two guns fixed with bayonets crossing overhead -- was hoisted on June 11 opposite the United Nations buildings located in Geneva. This issue was brought to the notice of President Mahinda Rajapakse on 15June by the Tamils living in Switzerland who are members of the Eelam Peoples’ Democratic Party.

Dayan Jayatilleka elected as Chairman for the Governing Body of the International Labour Office (ILO) for 2007-08 Session

The Governing Body of the International Labour Office (ILO)elected Chairman for its 2007-08 Session Dayan Jayatilleka, Ambassador and Permanent Representative of Sri Lanka to the United Nations in Geneva. The 299th Session of the Governing Body also considered a range of other business, including a report of the ILO Committee on Freedom of Association. Mr. Jayatilleka replaces Mr. Mdladlana, Minister of Labour of the Republic of South Africa, who served as Governing Body Chairman during the 2006-07 Session.

German Dorsch Group to construct Weerawila Airport and runway project

The Directorate of Dorsch Group in Germany has expressed its willingness to undertake the construction of the Weerawila Airport and runway project. Sri Lanka Government has decided to request the German Government to make funds available for the feasibility study of the Weerawila Airport project. Meanwhile, Minister of Enterprise Development and Investment Promotion, Dr Sarath Amunugama is at present on the last leg of his German tour met with leading bankers and investors in Frankfurt.

Is the International Independent Group of Eminent Persons truly independent?

By a Special Correspondent in Geneva

The Attorney-General C.R. De Silva, President’s Counsel, speaking at the panel discussion organized by the International Commission of Jurists on Sri Lanka’s Presidential Commission of Inquiry and the International Independent Group of Eminent Persons, at the Palais des Nations in Geneva on 13th June, gave an exhaustive explanation of the role of the Attorney-General in Sri Lanka and responded in detail to the IIGEP’s public statement of 11th June 2007.

Market on upward trend, while investor cautious

By Quintus Perera – Asian Tribune

HNB Stockbrokers indicated that the stock market continued its positive momentum this week with both All Share Price Index (ASPI) and Milanka Price Index (MPI) gaining ground from last week’s closing levels. This week the ASPI gained 47.5 points to close at 2603.3 while the more sensitive Milanka Price Index (MPI) gained 31.2 points to close at 3648.8 points. JKH continued to dominate the market with a contribution of Rs.1.09 billion towards market turnover. Majority of JKH turnover for the week was generated on Tuesday with a significant 7 million shares changing hands. During the week the Counter traded within a price range of Rs.150 and Rs.145. The share closed the week at Rs.147.25 representing a 0.8 percent increase week on week.

China’s “pork crisis”: the capitalist market at work

This year is the “Year of Pig” in the Chinese calendar, but it has not brought good luck for ordinary Chinese people. The country is suffering from a pork shortage and the price has jumped by 50 percent over the past year. The crisis is also driving up other food prices. The Agriculture Ministry’s most recent statistics show the price of live pigs soared by 71.3 percent from March to April, while pork prices increased 29.3 percent. Prices also rose significantly in May. Pork is the main meat eaten in China because it is both traditional and relatively cheap. Annual per capita consumption is 20 kilograms—second only to Germany. In China, however, pork accounts for 4 percent of the consumer spending compared to less than 1 percent in Germany where average incomes are higher.

Ex-Ministerial Duo

EPDP and Mahinda

Dayan at ILO1

Dayan at ILO

Sri Lanka: Mangala, Sripathi join the opposition, launch a new party splitting the ruling SLFP

The controversial former Sri Lankan Ministers duo who have joined the opposition today announced that they are forming a new political party "The Sri Lanka Freedom Party- Mahajana Wing" (Peoples' Wing) to be launched next Friday (June 22). Political circles today were abuzz with a possible split within ruling SLFP as a result of the latest developments. Former Ministers Mangala Samaraweera and Sripathi Sooriyarachchi left their benches and sat with Sri Lanka Parliament's opposition today.