|Cross party UK delegation meets TNA leader|
A cross party group of UK politicians met with the leader of the Tamil National Alliance (TNA), R Sampanthan on Wednesday.
Fabian Hamilton MP, a shadow Labour minister, Colin Bloom of the Conservative party and Adele Poskitt, the head of Smaller Parties Office at Westminster Foundation for Democracy met Mr Sampanthan at the Opposition Leaders’ office in the parliamentary complex in Colombo.
|Sri Lanka to implement British law in new financial Colombo hub|
Sri Lanka’s finance minister Ravi Karunanayake announced that a newly proclaimed ‘Colombo International Financial Centre’ will be governed by British law.
Speaking at a Business forum in Colombo, Mr Karunayaka said,
“We want to position Sri Lanka as a mini-financial centre. This why we want to have a Colombo international Finance Centre, showcasing the Hong Kong model with a British legal system. In the next couple of months you will see the exchange controls being completely opened up not to the extent of the capital markets being opened up – because you need a certain safety when we integrate ourselves.
Analysts have pointed out that Sri Lanka’s central bank will have to be reformed to prevent currency collapses and high inflation, reports economynext.com