Shenali D Waduge
The problem does not lie in the constitution (only clauses that have been inserted in self-interest & not in national interest) or the laws but in its application & by those required to abide by the laws. Society starts to crack & governance starts to suffer when people manipulate the system, corrupt the system & betray the mandate given to them. Politicians and Senior Public Officials (judges/lawyers/Senior secretaries etc) are a key source for the decline in society. To clean the stables, action must be taken against them first. The legislative... -Full Story- (LankaWeb - 20/05/22)
Shenali D Waduge
We have a situation. Sri Lanka ended 30 years of LTTE terrorism in 3 years on 18 May 2009 bringing to safety 294,000 Tamils among whom were close to 12,000 LTTE combatants in civilian clothing and 545 child soldiers. The civilians are now leading normal lives & LTTE combatants are rehabilitated & also getting on with their lives. Then there is an allegation that 40,000 to 200,000 have been killed, while there are commemorations titled “Mullaiwaikkal Memorials” with LTTE paraphernalia (emblems, logos, colours etc) & photos of dead LTTErs... -Full Story- (LankaWeb - 20/05/22)
Dr. Darini Rajasingham-Senanayake
South Asia's Arab Spring has arrived amid energy wars and slow tectonic shifts in power and wealth eastward to Asia and the Indian Ocean Region. This has been hastened by the new Cold War proxy-war in Ukraine, US-led sanctions on energy-rich Russia and a refugee crisis in Europe. Two regime change operations amid staged protests have transpired within a month in Pakistan and Sri Lanka. Pakistan's Prime Minister Imran Khan known for his courage on an off the cricket pitch was removed on April 9:. He accused Washington of orchestrating his ouster on... -Full Story- (LankaWeb - 20/05/22)
ජයන්ත හේරත්
අපේ අගමැති අතිවිශිෂ්ටය සුපර්කැලි-ෆ්රැගිලිස්ටික්-එක්ස්පියලි-ඩෝසියස් ය supercalifragilisticexpialidocious - වැ ඩ ට එන්න එපා supercalifragilisticexpialidocious අගමැති කියයි; වැ ඩ ට එන්න එපා එනවා නම් ඇවිද ගෙන එන්න, බයිසිකලේ එන්න. ව්යායාමයට හොඳය, ඊටත් වාහන වල එන්න ඉන්ධන දෙන්න විදියක් නැත. දීමනා දීම නතර කර ඇත. වැටුප් අඩු කරන්න වෙන්නේය. මගේ වැටුප අඩු කර ගත්ත විදියට ඔහෙල ගෙත් පඩිය අඩු කරාන්න වෙන්නේය. අයි එම් එෆ් කියන විදියට ජොබ් ගණනකට කෙලවෙන්නේය.... -Full Story- (LankaWeb - 20/05/22)
Janaka Alahapperuma from London
Her Majesty The Queen has made a surprise appearance with her youngest son, the Earl of Wessex at London's Paddington Station to mark the completion of the new railway ‘The Elizabeth Line', named in honour of the Queen in her Platinum Jubilee year, ahead of its opening to passengers on Tuesday 24 May. During the Royal visit to see the newly built east-west Crossrail, the 96-year-old monarch officially unveiled a very simple plaque to celebrate the completion of the rail line. The plaque will be moved later to be permanently mounted on... -Full Story- (LankaWeb - 20/05/22)
Senaka Weeraratna Trustee German Dharmaduta Society
Vesak was celebrated at the Berlin Buddhist Vihara on Sunday May 15, 2022 in a fitting manner. The Vesak ceremony was conducted outdoors in bright weather conditions against the backdrop of a picturesque natural setting that is the hallmark of this Temple which is called ' Das Buddhistische Haus' (DBH) in German. It is the oldest Theravada Buddhist Temple in Continental Europe and was founded by the pioneering German Buddhist Dr. Paul Dahlke in 1924. Asoka Weeraratna, founder of the German Dharmaduta Society, led the first Buddhist Mission from Sri... -Full Story- (LankaWeb - 20/05/22)
Media Release 2022.05.19 Sri Lankan Commission in New Delhi
Sri Lanka's High Commissioner to India Milinda Moragoda met with the National Security Advisor of India Shri Ajit Kumar Doval, at the latter's office in New Delhi on 19 May 2022. During their discussion a comprehensive review of the status of the bilateral relationship was carried out and priority areas for future cooperation were deliberated on. The discussion particularly focused on the present economic crisis in Sri Lanka, and the High Commissioner thanked the National Security Advisor for the support that is extended by the... -Full Story- (LankaWeb - 20/05/22)
Dr. Chula Rajapakse MNZM
USLA Wellington Ranaviru Commemoration 19.5.22 USLA Spokesperson’s Message Mr President, Ladies and Gentlemen Thank you for once again offering me the privilege of being able to contribute to this USLA sponsored Ranaviru commemoration on this the 19th day of May 2022. Today we once again, remember the Ranaviru, our war heroes who sacrificed life and limb to liberate Sri Lanka from three decades of Tiger terror. It is because of their sacrifices that the Sri Lankan’s can enjoy the many freedoms that they enjoy today which... -Full Story- (LankaWeb - 20/05/22)
සමෘද්ධි සංවර්ධන නිළධාරීන්ගේ සංගමය
ලේකම්,සමෘද්ධි සංවර්ධන අමාත්යාංශය,සෙත්සිරිපාය,ඉන්ධන හා විදුලිය නොමැති කමින් අඩු ආදායම්ලාභී පවුල් තොරතුරු CRM පද්ධතියට ඇතුලත් කිරීමේදී මතුව ඇති දුෂ්කරතා මත පොරාත්තු ලේඛණයේ සිටින අඩුආදායම්ලාභීන් වෙත එකවර ගෙවන ලද දීමනාව ගෙවීම සඳහා සේවකයින් හට මතුව ඇති ගැටළුකාරීත්වය පිළිබඳව.පවතින ආර්ථික අර්බුදය හේතුවෙන්, ජීවිත අඩාලවීම වෙනුවෙන් පවත්නා සුබ සාධක වැඩසටහන් වල හා පොරොත්තු ලේඛනවල සිටින ප්රතිලාභීන් හට මාස 03 ක කාල සීමාවකට එකවර ගෙවීමට තීරණය කරන ලද රු. 5000/ වු දීමනාව ඉන්ධන හා විදුලිය නොමැතිකම හේතුවෙන් නියමිත දිනට ගෙවීමට සේවකයින් හට නොහැකි තත්වයක් උදාවී ඇති බව කණගාටුවෙන් වුවද ඔබවෙත මෙයින් දන්වා සිටින්නෙමු.උක්ත කරුණට අදාලව සමෘද්ධි අධ්යක්ෂ ජනරාල් විසින්... -Full Story- (LankaWeb - 20/05/22)
MALINDA SENEVIRATNE
‘The Eighteenth Brumaire of Louis Bonaparte,’ one of the more literary essays written by Karl Marx famously, contains many quotable quotes which are of course frequently used in contexts that have little to do with the thrust of the man’s thinking. This, however, is apt for our times: ‘Men make their own history, but they do not make it as they please; they do not make it under self-selected circumstances, but under circumstances existing already, given and transmitted from the past.’ Pierre Bourdieu, the French sociologist who concerned himself with the dynamics of... -Full Story- (LankaWeb - 20/05/22)
Courtesy Reuters
May 19 (Reuters) - An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday. Rice, speaking to a virtual IMF briefing, said the IMF monitoring political and economic developments in Sri Lanka very closely. The debt burdened island country is experiencing its worst economic crisis since it won independence in 1948 as shortages of essential goods have triggered social unrest and has triggered social unrest. read more ... -Full Story- (LankaWeb - 20/05/22)
Meera Srinivasan Courtesy The Hindu
Former Maldives President Mohamed Nasheed agrees to ‘do everything to assist the people’ of the island nation Sri Lankan Prime Minister Ranil Wickremesinghe has appointed Maldivian Parliamentary Speaker and former President Mohamed Nasheed as the “coordinator” for securing foreign aid to Sri Lanka that is facing an unprecedented economic crisis. Mr. Wickremesinghe on May 19 held a closed-door meeting with his long-time friend Mr. Nasheed who is visiting Colombo, and discussed Sri Lanka’s dire economic situation, while exploring possible sources of relief. “During the discussions, the former President of Maldives... -Full Story- (LankaWeb - 20/05/22)
By Virginia Jeffries, a freelance journalist covering Sri Lankan affairs, and Laxmanan Sanjeev, a legal advisor and human rights activist from Sri Lanka. Courtesy Foreign Policy
Despite two months of anti-government protests, Gotabaya Rajapaksa doesn’t seem like a leader preparing to relinquish power. Embattled Sri Lankan President Gotabaya Rajapaksa’s party soundly defeated an urgent no-confidence vote against the government on Tuesday after rallying coalition support, but the leader still faces loud calls from the public to resign. Opposition leaders who moved to hold the vote after their constituents turned against the president could still bring the motion forward... -Full Story- (LankaWeb - 20/05/22)
Courtesy Business Standard
Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis. The Reserve Bank of India (RBI) has approved trade transactions between India and Sri Lanka to be settled in Indian rupee outside the Asian Clearing Mechanism. The approval is alongside a government-guaranteed $1 billion term loan from State Bank of India (SBI) to the Sri Lankan government for purchasing essential goods from India. India, On March 17, announced a term-loan facility for Sri Lanka as a part of its financial assistance to help the country to... -Full Story- (LankaWeb - 20/05/22)
Courtesy Gulf Today
Sri Lankans protest demanding president Gotabaya Rajakasa resign and decrying the appointment of Prime Minister Ranil Wickeremesinghe in Colombo. AP Jorgelina do Rosario and Swati Bhat, Reuters Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain. The dire assessment by new Prime Minister Ranil Wickremesinghe this week of the island nation’s economic plight was a necessary first step, economists said. His proposed solution... -Full Story- (LankaWeb - 20/05/22)
Courtesy CNA
Ratings agency Fitch on Thursday downgraded Sri Lanka's rating to 'RD' from 'C' after the grace period expired on coupon payments that were due on Apr 18 on two international sovereign bonds. "We have affirmed Sri Lanka's Long-Term Local-Currency IDR at 'CCC', as the government has continued to service local-currency debt and we assume this will continue," the ratings agency said in a statement.... -Full Story- (LankaWeb - 20/05/22)
Courtesy The TelegraphOnline
Most of the country's petrol stations running dry. Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters. Most of Sri Lanka’’’’s petrol stations have run dry as the island nation battles its most devastating economic crisis since independence in 1948. At some pumps in the commercial capital, Colombo, dozens of people stood in lines holding plastic jerry cans, as troops in... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Straits Times
KOENIGSWINTER, GERMANY (REUTERS) - The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G-7 finance chiefs said on Thursday (May 19) in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt. The once-booming island country has suspended debt payments as it grapples with its worst economic crisis since it won independence in 1948, facing shortages of essential goods that have triggered social unrest. G-7 countries said in their statement they were committed to finding long-term solutions for the Indian Ocean... -Full Story- (LankaWeb - 20/05/22)
By BHARATHA MALLAWARACHI Courtesy AP
COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as police fired tear gas and water cannons at thousands of students demanding the government step down for failing to solve the country’s economic crisis. The students from the Inter University Students’ Federation attempted to march to the presidential residence but were blocked by police in the commercial center of the capital,... -Full Story- (LankaWeb - 20/05/22)
Courtesy Borneo Bulletin
COLOMBO (AFP) – Sri Lanka will take at least six more months to start repaying its debts, the central bank said yesterday as the government shut schools because of fuel shortages. Central Bank of Sri Lanka Governor Nandalal Weerasinghe said there will be no debt servicing until the country was able to restructure its USD51 billion external debt. “We hope to be able to reach an agreement with our creditors in about six months,” Weerasinghe said. “Our position is very clear. Until they come to (a) restructure (agreement), we will not... -Full Story- (LankaWeb - 20/05/22)
Courtesy Stuff
Sri Lanka's new Prime Minister Ranil Wickremesinghe wants to sell the national airline, saying the country's poorest people who've never flown shouldn't be saddled with its losses. Finding a buyer might not be easy. SriLankan Airlines, which prior to the pandemic flew to 126 destinations in more than 60 countries, lost 45 billion rupees (NZ$195 million) in the year through March 2021, Wickremesinghe said, less than a week into his job. Sri Lanka had bought back a stake in the carrier from Dubai's Emirates in 2010, betting on a resurgent travel industry... -Full Story- (LankaWeb - 20/05/22)
By Shamindra Ferdinando Courtesy The Island
Colombo HC lawyers concerned over shocking developments National Freedom Front (NFF) leader Wimal Weerawansa, MP, says a Parliamentary Select Committee (PSC) should be appointed to investigate the role played by IGP C.D. Wickremaratne and Public Security Ministry Secretary Maj. Gen. (retd.) Jagath Alwis in the recent SLPP hothead attack on those demanding the resignation of President Gotabaya Rajapaksa and the Cabinet of Ministers, including Mahinda Rajapaksa. Weerawansa yesterday (18) told The Island that Parliament should inquire into the unprovoked attack that triggered an extremely violent response by the public as well... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Daily Mirror
The Ceylon Petroleum Corporation Trade Unions today denied reports which claimed that fuel was sold at a subsidized rate of Rs.121 per liter to MPs and VIPs and said if any MP needed to fill their vehicle tanks, they would have to stay in the queue. Trade Union officials told Daily Mirror that following the allegations on social media that fuel was sold at subsidized rates, they had inquired from the filling station closer to the Narahenpita police Transport Division, and checked the bills, to confirm that the claims were false. ... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Daily Mirror
The Reserve Bank of India (RBI) on May 19 said that the government of India-backed $1 billion term loan granted to Sri Lank through the State Bank of India (SBI) for financing purchase of essential goods can be settled in rupee terms, outside the purview of the Asian Clearing Union (ACU) arrangement. This is in view of “difficulties experienced by exporters in receipt of export proceeds from Sri Lanka,” the central bank said in a statement. In March, the government had said that State Bank of India will provide $1... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Daily Mirror
Three admins of social media platform including a 39-year-old TV presenter have been arrested by the CID for instigating and aiding and abetting recent violent activities through the social media. Police said the CID, police stations across the country and special police units are conducting investigations to identify social media groups and its admins over instigating violent activities following the incidents at Kollupitiya and Galle Face Green on May 9. They said the Computer Crimes Investigating Unit of the CID arrested three suspects including a female TV presenter from Colombo... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Daily Mirror
Former Prime Minister Mahinda Rajapaksa's office, today rejected social media reports claiming that Rajapaksa was flown in for the parliamentary sessions on Wednesday, saying Rajapaksa traveled by road and not by chopper. Former Coordinating Secretary to Rajapaksa, Geethanath Cassilingam said Rajapaksa is in Colombo and arrived in Parliament by road and not by helicopter as claimed on social media. He will continue to attend parliamentary sittings with MP Namal Rajapaksa saying the former Prime Minister will address Parliament soon.... -Full Story- (LankaWeb - 20/05/22)
Courtesy The Daily Mirror
Sri Lanka is yet to respond to a Chinese offer of a shipment of diesel to tide over the present crisis of fuel shortage, Daily Mirror learns. According to an informed source, China has made the offer in terms of emergency assistance. However, Sri Lanka has not yet responded to it. The country is currently going through a fuel crisis. Prime Minister Ranil Wickremesinghe announced earlier that diesel stocks have been secured, but the country has been down to its last day of petrol. Power and Energy Minister... -Full Story- (LankaWeb - 20/05/22)
Courtesy Hiru News
The Prime Minister says that the new cabinet ministers will not be paid their ministerial salaries.<br /><br />This was during the parliamentary session held today (19). Meanwhile, the Prime Minister has stated that some of the privileges of the Members of Parliament will also be curtailed. Earlier it was reported that the Prime Minister had decided to reduce the expenses of the Prime Minister's Office by 50% and return 16 vehicles used.... -Full Story- (LankaWeb - 20/05/22)
Courtesy Adaderana
A 42-year-old man has been arrested on suspicion of torching an army bus during the protest staged in front of the President’s residence in Pengiriwatte, Mirihana on the 31st of March. The arrest was made by the Criminal Investigation Department, in the area of Deraniyagala today (May 19). A protest was staged near the President’s residence in Mirihana on March 31, demanding immediate solutions to the various crises faced by the people of the country. A tense situation during the protest, which ended with clashes between protesters and police officers... -Full Story- (LankaWeb - 20/05/22)
Courtesy Adaderana
Sri Lanka’s central bank governor said on Thursday he will stay on as head of the bank given an improvement in political stability in the midst of an economic crisis, and he would not step down as he had earlier said he would. Governor P. Nandalal Weerasinghe also said the Central Bank of Sri Lanka had almost finalised plans to restructure the country’s debt and proposals would be submitted to the cabinet soon, possibly by Friday. Weerasinghe told reporters on May 11 that he would resign in two weeks in the absence... -Full Story- (LankaWeb - 20/05/22)
Courtesy Adaderana
Public sector employees, except those in essential services, are not required to report to work tomorrow due to the prevailing fuel crisis, Prime Minister Ranil Wickremesinghe said in parliament this morning (May 19). Delivering a speech in the House, the Premier also urged the general public to limit non-essential travels tomorrow. Meanwhile, Energy Minister Kanchana Wijesekara who addressed the parliament, appealed to the general public not to stand in queues for petrol today, as supplies are unavailable. However, people are still waiting in queues despite being asked to stay away... -Full Story- (LankaWeb - 20/05/22)
Shenali D Waduge
A crisis is the best time to analyze what went wrong & what we can do to correct this. A constitution is just a piece of paper. Its applicability is what matters. Its applicability by the correct persons is equally important. The problem lies in the issue of definition of ‘correct persons’. Everyone has their own view of ‘correct person’ as per what is advantageous to them or their line of thinking. So where do we draw the line? Government Apparatus – The Legislature Headed... -Full Story- (LankaWeb - 19/05/22)
Dr Sudath Gunasekara
This is a letter I wrote to Gotabhaya Rajapaksa, the present President, in 2006 from Texas USA, when I was holidaying at my younger daughter Achala when he was the Defense Secretary in President Mahinda Rajapaksa’s government requesting him to take immediate safety measures against a possible LTTE attack on the Kotmale dam. (to which I never got a reply as usual). The Kotmale dam The Kotmale dam 87.m high (285 ft) and 600 m long, constructed across the Kotmale Oya a left bank tributary of Mahaweliganga. at 703 m msl... -Full Story- (LankaWeb - 19/05/22)
Mr. D R Kanchana The Secretary Agriculture Graduate's Association of the Sri Lanka Agriculture Service
මෙරට තුළ ඇති වී ඇති ආර්ථික අර්බුදය හමුවේ ශ්රී ලාංකිකයන් ලෙස අප “ආහාර සුරක්ෂිතතාව” පිළිබඳව වෙනදාට වඩා වැඩි වශයෙන් කතා බහ කරන කාලයක් නිර්මාණය වී ඇත. එක්සත් ජාතීන්ගේ ආහාර හා කෘෂිකර්ම සංවිධානයට (FAO) අනුව, “සියළුම මිනිසුන්ට ඔවුන්ගේ ආහාර අවශ්යතාවයන් සපුරාලීමට ප්රමාණවත් පරිදි සෑම අවස්ථාවකදීම, ආරක්ෂිත සහ පෝෂ්යදායී ආහාර, භෞතික, සමාජීය සහ ආර්ථිකමය වශයෙන් සුලබව පැවතීම” ආහාර සුරක්ෂිතතාවයයි. ඒ අනුව ආහාර සුරක්ෂිතතාව පිළිබඳ සංකල්පය මූලික ආහාර නිෂ්පාදනයෙන් ඔබ්බට ගිය ප්රමාණවත් ආහාර සැපයුමක් පැවතීම බව පැහැදිලිය. කොවිඩ්-19 වසංගතය තුළ තීව්ර වූ ආර්ථික හා සමාජීය තත්වයන් මෙන්ම මෑත කාලයේ මෙරට තුල ක්රියාත්මක කරන ලද... -Full Story- (LankaWeb - 19/05/22)
John Rozario Karnataka, India
South Asian countries should be thankful and grateful to India for various reasons. India is a friend in need to all South Asian countries. Despite having some internal problems, India always tries to help others. Even, India set examples by assisting Pakistan at different times. However, since the start of the Russia-Ukraine crisis, India's ban on wheat exports has reignited worldwide concerns about rising food prices that can exacerbate the problems of food-deficit countries especially neigbouring countries. The Indian high commission in Dhaka has clarified recently concerning India's 'ban' on wheat exports,... -Full Story- (LankaWeb - 19/05/22)
Shenali D Waduge
JVP is undoubtedly the best organized political party in Sri Lanka. It is also the richest party in Sri Lanka. Its base includes the youth & adults & disenchanted voters of other parties. Prior to every election, the JVP take pains to support the ground campaigning of other parties instead of its own. Is there a particular reason for this? Is their role limited to playing mischief maker in parliament or simply as a whistleblower while propping a new party to the throne of governance? Leaving aside the ground support & the... -Full Story- (LankaWeb - 19/05/22)
චන්ද්රසිරි විජයවික්රම, LL.B., Ph.D.
‘අපේ ප්රධාන ඉල්ලීම ජනාධිපතිතුමා ගෙදර යන එක. ජනාධිපතිතුමා ගෙදර යාමෙන් පස්සේ සම්පූර්ණ සිස්ටම් චේන්ජ් එකක් සඳහා ලස්සනට පැහැදිලිව මේකේ යෝජනාවලියක් ඉදිරිපත් වෙලා තියෙනවා’ - රතිදු සේනාරත්න හෙවත් රැට්ටා බැටරිය වැඩකරන්නේ ධන (+) හා රින (-) යන බල දෙකේ එකතුව නිසාය. මානව ශිෂ්ටාචාර ගොඩනැඟී තිබෙන්නේ එකිනෙකට ප්රතිවිරුද්ධ පරිසර දෙකක්-ගඟක්/කාන්තාරයක්, කන්ඳක්/තැනිතලාවක්, ශීත-උණුසුම් දේශගුණ කලාප දෙකක්- මුණ ගැසෙන තැන් (ecotones) වලය හැඳින්වීම මා දන්නා තරුණ යුවලක් යුරෝපයේ නගරයකදී බරපතල වාහන අනතුරකට ලක්විය. සමහරවිට ඔවුන් වාහනය තුල ලව් ටෝක් කරමින් චූන් එකේ යෑමද ඊට... -Full Story- (LankaWeb - 19/05/22)
Shenali D Waduge
One of the biggest mistakes made post-1978 was to create a lay-focused education system for Bhikkus allowing them to enter universities/institutes with laypersons. This resulted in the decline in the importance given to pirivena education system as well as the Bhikkus. While this is not to discuss or debate on Bhikkus, it is to showcase that there is a difference in lay persons and a Bhikku & a Bhikku is expected to adjust behavior in line with the Buddha Sasana and its disciplinary codes. A Bhikku to journey towards Nibbana requires to... -Full Story- (LankaWeb - 19/05/22)
Shenali D Waduge
Sri Lanka’s conflict is defined a non-international armed conflict. LTTE was an armed non-state actor. 3 decades of armed militancy ended on 18 May 2009. The military offensive took place amidst a humanitarian rescue operation that saved 294,000 people. The victory was marred by allegations initiated by entities linked to the militants. The most important question is why would Sri Lanka’s Armed Forces sacrifice over 6261 soldiers to save 294,000 Tamils but kill 40,000-200,000 Tamils (people who have no names, no identification & there is no skeletons even to prove they were killed) Can... -Full Story- (LankaWeb - 19/05/22)
By Jorgelina do Rosario and Swati Bhat Courtesy FXEmpire
By Jorgelina do Rosario and Swati Bhat (Reuters) -Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain.Advertisement 71% of retail investor accounts lose money when trading CFDs with this provider The dire assessment by new Prime Minister Ranil Wickremesinghe this week of the island nation’s economic plight was a necessary first step, economists said.... -Full Story- (LankaWeb - 19/05/22)