Archive for June 24th, 2022

POHOTTU AS USA’ S PROXY Part 5B

Friday, June 24th, 2022

KAMALIKA PIERIS The preceding essay recorded the diplomatic exchanges between the   government of USA and the government of Sri Lanka after Ranil Wickremesinghe became Prime Minister in May 2022. In the same month, Ambassador, Julie Chung met with several officials in Colombo. These interviews were mentioned in the media, often accompanied with a  prominent photo. […]

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The Need for a Pre audit

Friday, June 24th, 2022

Sugath Kulatunga Professor Charitha Herath is doing an excellent job as Chairman of COPE and deserves the accolades and thanks of the public for this performance. He calls a spade a spade and has already made a few upstarts of high posts admit their mistakes. He is even prepared to propose changes in the Standing […]

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Has Ranil Wickremasinghe, our Prime Minister commenced implementing the MCCProject in Sri Lanka?

Friday, June 24th, 2022

Garvin Karunaratne. former GA Matara Stray information on granting deeds of lands    in the news is fairly indicative of the fact that Prime Minister Ranil Wickremasinghe has unofficially commenced implementing the MCC Project in Sri Lanka, which he stated he will sign if he, the UNP won the 2019 Presidential Election. At the election […]

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The Sri Lankan debt crisis: A layman’s review Part I

Friday, June 24th, 2022

By Nimal Gunatilleke Courtesy The Island Figure 1. Sri Lanka’s foreign debt from 2000 -2020 ( from https://www.reuters.com/markets/rates-bonds/sri-lanka-edge-debt-burden-mounts-2022-01-17/) As a layman in the subject of political economy, nonetheless interested in discerning the real background to the historic debt crisis that Sri Lanka is undergoing at present, I have been reading many reports, including expert views, […]

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Sustainable finance roadmap for SL – II

Friday, June 24th, 2022

BY Nimal Gunatilleke  Courtesy The Island From left : Ms. Amena Arif, Country Manager of Sri Lanka and Maldives, IFC. Archil Mestvirishvili, Deputy Governor, National Bank of Georgia. Ethiopis Tafara, Vice President, MIGA Lay Rachana, Sustainable Finance Committee Chair, Association of Banks in Cambodia, Deputy General Manager/ Chief Risk Officer of FTB Dr. P Nandalal […]

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සෞඛ්‍යය අමාත්‍යාංශය වගකීම් පැහැර හැරීම සම්බන්ධයෙන් චෝදනා 

Friday, June 24th, 2022

වෛද්‍ය වසන්ත බණ්ඩාර ලේකම් දේශහිතෛෂි ජාතික ව්‍යාපාර Lanka Lead News වෛද්‍ය මොහොමඩ් සාෆි මහතාට විරුද්ධව එල්ල වූ චෝදනා පිළිබඳව කටයුතු කිරීමේදී සෞඛ්‍ය අමාත්‍යාංශය විසින් වගකීම් පැහැර හැර ඇති බවට චෝදනා එල්ල කරමින් දේශහිතෛෂී ජාතික ව්‍යාපාරය සෞඛ්‍ය අමාත්‍යයවරයාට යැවූ ලිපිය… ගරු සෞඛ්‍ය අමාත්‍ය,කෙහෙළිය රඹුක්වැල්ල මහතා,සෞඛ්‍ය අමාත්‍යාංශය,කොළඹ 8 වෛද්‍ය මොහොමඩ් සාෆි මහතාට විරුද්ධව එල්ල වූ චෝදනා පිළිබඳව […]

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What’s behind Sri Lanka’s crippling debt crisis?

Friday, June 24th, 2022

by: Simon Wilson Courtesy MoneyWeek Sri Lanka has been hit by a triple whammy of economic shocks and has gone to the IMF for a bailout. It may just be the first domino to fall in a global debt crisis. Sri Lanka is undergoing a full-scale economic collapse and political crisis, with every chance of further […]

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Governments will sink in a world drowning in debt

Friday, June 24th, 2022

by: Jonathan Compton Courtesy MoneyWeek Rising interest rates and soaring inflation will leave many governments with unsustainable debts. Get set for a wave of sovereign defaults, says Jonathan Compton It is unlikely that Barbados, Lebanon or Sri Lanka ever enters your investment thinking. Perhaps now they should. For although all are minnows in a sea of […]

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EXPLAINED: Why Sri Lanka’s Economy Collapsed And What’s Next

Friday, June 24th, 2022

Courtesy Outlook Prime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for rock bottom” Sri Lanka’s prime minister says the island nation’s debt-laden economy has collapsed” as it runs out of money to pay for food and fuel. Short […]

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Adani project: Issues not over, COPE questions ex-CEB Chairman’s interpretation of private investment

Friday, June 24th, 2022

Courtesy The Island The Committee of Public Enterprises (COPE) has decided to further examine the controversial Adani Wind and Solar power project in the Northern Sri Lanka when the Ceylon Electricity Board (CEB) comes up for investigation. The COPE said so after former Chairman of CEB M.M.C. Ferdinando appeared before the parliamentary watchdog committee yesterday […]

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USD 1.2 bn received for leasing out H’tota port to China ‘misused’

Friday, June 24th, 2022

By Shamindra Ferdinando Courtesy The Island Political interference, mismanagement, corruption still galore The Sirisena-Wickremesinghe government had not utilised USD 1.1 bn received for leasing Hambantota Port to China Merchants Port Holdings Company in 2017, to settle a loan obtained for the construction of the facility during Mahinda Rajapaksa’s administration, the Committee of Public Enterprises (COPE) […]

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ජනපති හමු වූ IMF නියෝජිතයෝ – තමිල්නාඩුවෙන් දෝත පිරෙන්න ලැබුණු ආධාර 

Friday, June 24th, 2022

Hiru News  

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Dhammika Perera sworn in as Minster of Investment Promotion

Friday, June 24th, 2022

Courtesy Hiru News Dhammika Perera was sworn in as the Minister of Investment Promotion, before the President, today

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