Archive for April 29th, 2022

Should Sri Lanka de-dollarize? Beyond Bananas, Beaches, Bases and Dependent Development

Friday, April 29th, 2022

Darini Rajasingham-Senanayake Necessity is the mother of invention: Protests are mounting by people from all walks of life in all parts of Sri Lanka against the soaring cost of living, food and fuel shortages, black outs, lockdowns, forced Covid injections, and the sale of national assets by the ruling dual US citizen Rajapakse led regime […]

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The President of the National Assembly and Speaker of the House of Representatives of the Kingdom of Thailand Chuan Leekpai hands over 700,000 Thai Baht aid to crisis-hit in Sri Lanka

Friday, April 29th, 2022

PRESS RELEASE Embassy & Permanent Mission of Sri Lanka Bangkok The President of the National Assembly and Speaker of the House of Representatives of the Kingdom of Thailand Chuan Leekpai handed over a cheque valued 700,000 Thai Baht to Ambassador of Sri Lanka to the Kingdom of Thailand and Permanent Representative to the UNESCAP, C. […]

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Sri Lanka’s Easter Sunday Massacre: The “mahamolakaruwa” its pawns & those who knew

Friday, April 29th, 2022

Shenali D Waduge On 21st April 2019 after exactly 10 years following 30 years of brutal terror, another form of terrorism struck. Everyone is seeking justice – but from whom, is the question. The Pope and the Vatican who has been appraised by the Cardinal is also seeking investigation. No investigation can be completed unless there […]

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THE ECONOMY OF SRI LANKA Part 1

Friday, April 29th, 2022

KAMALIKA PIERIS This series will not be a series of expert essays, discussing the economy of Sri Lanka.  That must be done by economists. This series brings before the public certain aspects of the economy which may be of public interest. The initial favorable economic conditions that Sri Lanka inherited from its colonial past, provided […]

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Memories are short? It is time to learn from mistakes not vilify leaders

Friday, April 29th, 2022

By Raj Gonsalkorale During Mahinda Rajapaksa’s time at the helm of Sri Lankan politics, the 30 year war was won, GDP growth reached 7% by 2015, per capita income rose from USD 1065 in 2004 to USD 3843 by 2015 and GDP rose from USD 20.66 Billion in 2004 to USD 80.6 Billion by 2015. […]

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President invites all political parties in parliament to form all-party govt.

Friday, April 29th, 2022

Courtesy Adaderana President Gotabaya Rajapaksa has extended an invitation to form an all-party government comprising all political parties represented in the Parliament, the President’s Media Division (PMD) said in a statement issued today regarding the meeting held with party leaders and representatives who now sit independently in Parliament. The discussion was held at the President’s […]

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Finance Minister says no choice but to raise sales tax

Friday, April 29th, 2022

Courtesy Adaderana Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst-ever economic crisis. In an exclusive interview, Ali Sabry conceded the government made a mistake when it almost halved the rate of value-added tax (VAT) to 8% in 2019. Mr […]

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Sri Lanka to make payments for imports through banking system mandatory

Friday, April 29th, 2022

Courtesy Adaderana Finance Ministry will issue a new gazette notification under the Import and Export Control Act, making all payments on imports to Sri Lanka through a banking system compulsory, says the Central Bank Governor. Addressing a special media briefing this evening, Dr. Nandalal Weerasinghe said several measures will be taken by the Finance Ministry […]

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Staff-level agreement with IMF likely to be reached – CBSL governor

Friday, April 29th, 2022

Courtesy Adaderana While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday (April 28). Dr. Weerasinghe made these comments while addressing a meeting of the Committee of […]

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