The Lanka Academic

 
MAY 29, 2015 EST, USA
 
QUAERE VERUM
 
VOL. 16, NO. 53

TABLE OF CONTENTS
Picture of the Day
by Dominic Sansoni
The General Hospital. Colombo. The original building.
LACNET TSUNAMI REHABILITATION PROJECTS

On December 26 of 2004, about 35,000 Sri Lankan lives were lost to one of the deadliest natural disasters in modern history, the Asian tsunami. The enormity of this tragedy generated an outpouring of aid from the international community. LAcNet collected $129,200 and have have disbursed $94,371 to seven worthy projects. [More...]

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TLA FEATURE CORNER
TODAY'S FEATURE:
RETURNED ACADEMIC EXCELLENCE VS ENTRENCHED ACADEMIC MEDIOCRITY
By Carlo Fonseka, may 13. At one point in your very perceptive editorial of 10 May titled "Pay them more; make them work harder" you refer to President Mahinda Rajapaksha's appeal to expatriate Sri Lankan experts including academics to return and help develop the country. Then you ask rhetorically: "But who will want to answer his call, return home and settle for a pittance?" Please give me a little space to tell The Island the story of two such persons - Prof. Ratnajeevan Hoole and his wife Dr. Dushyanthi Hoole, who answered the President's call and the consequent unhappiness they have had to endure. More...
 The Lanka Academic News stories are provided by independent correspondents. Views expressed are not necessarily those of LAcNet. Updates are triggered by events, 24hrs a day. Funding is provided by LAcNet. Redistribution is strictly prohibited. To ensure our continued existence, please support LAcNet.
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TLA FEATURE CORNER
Headline Summary
· MEA slams Sri Lankan Minister for rejecting fishermen’s proposal
· U.N. group on disappeared persons to visit in August
· Final proposal on electoral reforms next week
· Sri Lanka Sells $650 Million in Sovereign Bonds at 6.125% - Nasdaq
· After suspension, Sri Lanka may let China resume work on Port City project - Reuters UK
· MarketsSri Lanka set for bond market comeback - Financial Times
· Govt. refutes findings
· Growers taken on visit to Botanicoir factory in Sri Lanka - Horticulture Week
· Sri Lanka sacks three in sexual favours scandal - gulfnews.com
· Lanka to soon name new envoy to India - The Hindu
· Fitch Rates Sri Lanka's USD Bond 'BB-(EXP)' - Reuters
· Sri Lanka, Pakistan aim for USD 1 billion trade volume - Zee News
· Singapore appoints High Commissioners for South Africa, Sri Lanka - Channel News Asia
· Lanka to soon name new envoy to India
· S Lanka drops cricket officials
· Why Sri Lanka's Historic Mangroves Move Matters - Triple Pundit (registration) (blog)
· Sri Lanka marketing 10-yr dollar bond to yield 6.375% - Reuters
· After Zimbabwe series, confident Pak cricket board plans to invite Sri Lanka - Oneindia
F R E E      C L A S S I F I E D S
T  O  P      H  E  A  D  L  I  N  E
MEA slams Sri Lankan Minister for rejecting fishermen’s proposal
The Hindu, 2015-05-29 00:03:57 EST. Differences between Indian and Sri Lankan fishermen’s associations spilled into relations between the two governments, as India responded sharply to the Sri Lankan Fisheries Minister’s refusal of a... More...
Published: Fri May 29 08:51:52 EDT 2015

O  T  H  E  R      H  E  A  D  L  I  N  E  S
U.N. group on disappeared persons to visit in August
The Hindu, 2015-05-28 19:34:30 EST. A United Nations Working Group on Enforced or Involuntary Disappearances will visit Sri Lanka during August 3-12.Stating this, Mahishini Colonne, spokesperson of the Ministry of Foreign Affa... More...
Published: Fri May 29 08:52:09 EDT 2015 Back to the top

Final proposal on electoral reforms next week
The Hindu, 2015-05-28 19:53:16 EST. Electoral reforms in Sri Lanka, to be accomplished through the proposed 20th Constitutional Amendment, appear to be taking more time with the Cabinet deciding to hold yet another round of discussi... More...
Published: Fri May 29 08:52:25 EDT 2015 Back to the top

Sri Lanka Sells $650 Million in Sovereign Bonds at 6.125% - Nasdaq
Nasdaq, 2015-05-29 03:59:56 EST. The final coupon on the bond was 6.125%, tighter than the initial guidance, while the existing five-year bonds last traded at 5.18%... Back to the top

After suspension, Sri Lanka may let China resume work on Port City project - Reuters UK
Reuters UK, 2015-05-28 17:55:45 EST. Port City was suspended because it lacked proper permits and approvals, officials said, a move that strained diplomatic relations between Sri Lanka and China... Back to the top

MarketsSri Lanka set for bond market comeback - Financial Times
Financial Times, 2015-05-28 11:04:45 EST. Sri Lanka is returning to international bond markets for the first time since a shock election ended the decade-long rule of president Mahinda Rajapaksa... Back to the top

Govt. refutes findings
The Hindu, 2015-05-28 19:55:21 EST. The Sri Lankan government has made "significant changes" in its approach towards the Northern Province... Back to the top

Growers taken on visit to Botanicoir factory in Sri Lanka - Horticulture Week
Horticulture Week, 2015-05-28 23:13:46 EST. Horticultural coir supplier Botanicoir's directors Samantha and Kalum Balasuriya recently took key soft-fruit customers to visit the factory in Sri Lanka to see the coir-producing process from start to finish... Back to the top

Sri Lanka sacks three in sexual favours scandal - gulfnews.com
gulfnews.com, 2015-05-28 10:00:38 EST. Colombo: Sri Lankan cricket's governing body on Wednesday announced the sacking of three officials after allegations that members of the women's national team were asked to perform sexual favours to keep their places... Back to the top

Lanka to soon name new envoy to India - The Hindu
The Hindu, 2015-05-28 11:03:33 EST. Sri Lanka has recalled all non-career diplomats serving as heads of missions abroad who had held their posts before January except the High Commissioner to India with a new envoy to be named shortly... Back to the top

Fitch Rates Sri Lanka's USD Bond 'BB-(EXP)' - Reuters
Reuters, 2015-05-28 12:22:17 EST. (The following statement was released by the rating agency) HONG KONG, May 28 (Fitch) Fitch Ratings has assigned Sri Lanka's forthcoming US dollar denominated bonds an expected rating of 'BB-(EXP)'... Back to the top

Sri Lanka, Pakistan aim for USD 1 billion trade volume - Zee News
Zee News, 2015-05-28 12:35:38 EST. And our new Minister of Commerce Khurram Dastgir Khan is now ready to come to Colombo before the JEC to continue the new trade initiatives agreed upon at the highest levels during April in Islamabad," Hussain, Pakistan's High Commissioner to Sri Lanka ... Back to the top

Singapore appoints High Commissioners for South Africa, Sri Lanka - Channel News Asia
Channel News Asia, 2015-05-28 03:23:22 EST. SINGAPORE: The Government has appointed High Commissioners to South Africa and Sri Lanka, according to the to Ministry of Foreign Affairs on Thursday (May 28)... Back to the top

Lanka to soon name new envoy to India
The Hindu, 2015-05-28 11:01:37 EST. Sri Lanka has recalled all non-career diplomats serving as heads of missions abroad who had held their posts before January except the High Commissioner to India with a new envoy to be named short... Back to the top

S Lanka drops cricket officials
BBC South Asia, 2015-05-27 17:33:25 EST. Sri Lanka's cricket body says officials accused of harassing female players have been removed but that there are "no grounds" for criminal proceedings... Back to the top

Why Sri Lanka's Historic Mangroves Move Matters - Triple Pundit (registration) (blog)
Triple Pundit (registration) (blog), 2015-05-28 09:28:27 EST. Huge news for the environment: Sri Lanka's new government just took the unprecedented, historic step to protect all of its mangroves... Back to the top

Sri Lanka marketing 10-yr dollar bond to yield 6.375% - Reuters
Reuters, 2015-05-28 03:33:47 EST. HONG KONG, May 28 (IFR) - The Democratic Socialist Republic of Sri Lanka is marketing 10-year US dollar bonds to yield around 6.375%... Back to the top

After Zimbabwe series, confident Pak cricket board plans to invite Sri Lanka - Oneindia
Oneindia, 2015-05-28 05:30:52 EST. A well-informed source in the Pakistan Cricket Board told PTI that the PCB had managed to convince the head of the Sri Lankan cricket interim committee, Siddhart Wettimuny to visit Lahore for the last one-day international against Zimbabwe this Sunday... Back to the top

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