Archive for April 25th, 2022

Other countries can mention God – but Sri Lanka can’t mention Buddha

Monday, April 25th, 2022

Shenali D Waduge Every time Sri Lanka mentions the words Sinhalese, Buddhists or Buddhism the whole world appears to get agitated & they take pains to showcase why there should be no reference to Sinhala Buddhists or the Buddhist ethos that governs this island nation. In short, there is a well-funded & well-campaigned effort to […]

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How the Yahapalanaya Govt booby trapped the Rajapaksa Govt

Monday, April 25th, 2022

Sad Sri Lankan How did the Yahapalanaya booby trap the Rajapaksa Govt so that the R Bros would be trapped for Yahapalanaya’s sins?   In 2014 the external debt was $42,262,755,067. By 2019 during the time the Yahapalanaya was in power, the external debt had gone up to $56,095,468,647, How did this happen?  * The Yahapalanaya Govt introduced […]

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How privatization of public assets takes place in Sri Lanka : Lanka Marine Services to JKH in 2002

Monday, April 25th, 2022

Shenali D Waduge There are many who claim that the only solution to Sri Lanka’s economic problem is to privatize public assets. These are promoted by western monetary bodies & local corporates take advantage of the corruptions that exist in the bureaucracy. In essence, what needs to be accepted is that it is not only […]

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රජය පුරවැසියන්ගෙන් රත්තරං මිලයට ගැනීම සහ අපේ බැංකු කඩා වැටීමේ සම්භාවිතාව ගැන

Monday, April 25th, 2022

චානක බණ්ඩාරගේ රත්තරං 2019 නොවැම්බර් වලදී රටේ ශුද්ධ ඩොලර් සංචිතය බිලියන 7 ඉක්මවා තිබුණි, සැලකිය යුතු තරම් විශාල රත්තරං සංචිතයක්ද විය. අද මේවා පිලිවෙලින් ඩොලර් මිලියන 100 සහ ඉතාම අඩු රත්තරං සංචිතයක් බවට පත්ව ඇත. දැන් ඉන්දියාවෙන් සහ චීනයෙන් දෙන ණය සහ ආධාර මත යැපෙමින් එදිනෙදා වේල පිරිමසා ගන්නා තත්වයකට අප පත්ව සිටිමු. තත්ත්වය මෙසේ […]

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China makes signing FTA a condition for helping Sri Lanka

Monday, April 25th, 2022

By P.K.Balachandran Courtesy NewsIn.Asia Colombo, April 25: Fed up with the lack of progress in talks with Sri Lanka on a Free Trade Agreement (FTA) since 2015, Chinese Premier Li Keqiang told his Sri Lankan counterpart Mahinda Rajapaksa on April 22, that while China has empathy for Sri Lanka’s economic plight and is keen on […]

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SL’s negotiations with IMF will unavoidably impact securing USD 2.5 bn from China

Monday, April 25th, 2022

Courtesy The Daily Mirror Sri Lanka’s ongoing negotiations with the IMF will unavoidably impact its discussions with China for securing US $ 2.5 billion, China’s Ambassador Qi Zhenhong said.  In an interactive dialogue with a team of journalists, he said China was closely monitoring the negotiations to know the terms and conditions . He said debt […]

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Sri Lanka exchange halts again after 13 per cent plunge

Monday, April 25th, 2022

Courtesy https://borneobulletin.com April 26, 2022 COLOMBO (AFP) – Crisis-hit Sri Lanka’s stock exchange halted again yesterday after a nearly 13 per cent plunge, derailing the bourse’s tentative re-opening after a two-week break aimed at forestalling a market collapse. The island nation is grappling with its worst economic downturn since independence in 1948, with months of […]

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Sri Lanka’s Economic Crisis: The Myth Of Debt Trap Vs The Reality Of Identity

Monday, April 25th, 2022

By Haridass Sankar* Courtesy EurasiaReview Sri Lanka is undergoing a severe economic crisis and is at the risk of devolving into a failed state. The country’s foreign reserves are fast depleting, falling from $5 billion in 2019 to 1.8 billion in 2021, despite high inflation and a debt-to-GDP ratio of 110 per cent. From health to defence, […]

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Sri Lanka Cabinet Clears Proposal to Clip President’s Power

Monday, April 25th, 2022

Bloomberg (Bloomberg) — Sri Lanka’s cabinet approved a plan to abolish constitutional amendments that gave President Gotabaya Rajapaksa wide-ranging executive powers, acceding to one of the key demands from citizens protesting his economic policies as the ruling family tries to stay in office. A proposal by Prime Minister Mahinda Rajapaksa — the president’s brother — […]

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‘Debt Trap’ is only a myth – Chinese Ambassador

Monday, April 25th, 2022

Courtesy Adaderana The financial departments and institutes of China and Sri Lanka are still working closely on the new financial requests raised by Sri Lanka, in the backdrop of the island nation’s temporary suspension of debt payment and the talks of debt restructuring with IMF, says the Chinese Ambassador to Colombo. Ambassador Qi Zhenhong stated […]

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Cabinet approves proposal for 21st Amendment to Constitution

Monday, April 25th, 2022

Courtesy Adaderana The Cabinet of Ministers has approved a proposal to introduce the 21st Amendment to the Constitution, based on the positive features of the 19th and 20th amendments.  Meanwhile a sub-committee has been appointed to carry out further action with regard to the proposed 21st constitutional amendment.    Earlier today, the committee report on […]

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President’s reply letter to Chief Prelates of Three Chapters

Monday, April 25th, 2022

Courtesy Adaderana President Gotabaya Rajapaksa has replied to the letter sent by the Chief Prelates of the Three Buddhist Chapters dated on 20.04.2022 addressing the President, the Prime Minister, the Leader of the Opposition and all party leaders in Parliament regarding the current situation in the country. The President’s Media Division has released excerpts of […]

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A Staged Default?  Sri Lanka’s Sovereign Bond Debt trap and IMF’s Spring Meetings

Monday, April 25th, 2022

Darini Rajasingham-Senanayake In Cherry Blossom lined Washington DC in the glare of global media last week Sri Lanka became the poster child of the International Monetary Fund’s (IMF), Spring Meetings. The strategic Indian Ocean island’s pathetic plight featured on major media and television channels that craft the global narrative, with images of people in queues […]

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