Cross party UK delegation meets TNA leader

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.
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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

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