Archive for February 20th, 2023

Why not tax the informal rich rather than the formal poor?

Monday, February 20th, 2023

By Raj Gonsalkorale While levying an income tax on individual earnings to supplement government revenue is a necessity to meet government expenditure, the issue in question is the perception and/or the reality of its unfairness and the lack of confidence and trust that people have about the way the tax they pay is spent by […]

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US in Sri Lanka – turning Sri Lanka into a Neo-Colonial Military Base

Monday, February 20th, 2023

Shenali D Waduge Ever since a regime change was choreographed in 2015 January, the US has been using its lackeys in government to exert tremendous influence in 3 areas – Sri Lanka‘s economy, Sri Lanka‘s Parliament and Sri Lanka‘s armed forces. Based on media articles, press releases and whatever other information has been made available […]

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‘’TOWARDS A BEST TOURIST DESTINATION ON THE GLOBE’’? A REALIATY?

Monday, February 20th, 2023

Sarath Wijesinghe President’s Counsel, former Ambassador to Israel and UAE, President Ambassador’s Forum(Sarath Wijesinghe President’s Counsel) Aspire to be the best tourist destination Best tourist distinctions on the globe are not very many. Sri Lanka has been one sometime ago as the best destination of the Globe on tourism chosen by ‘’Lonely Planet’ ’and may […]

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Electricity tariff hike can be a great salutary step forward

Monday, February 20th, 2023

By Chandre Dharmawardana Courtesy The Island The title of this article, and some of the material are in what I wrote (The Island, May 6 th, 2013) when the then Rajapaksa government hiked the price of electricity on the May Day of 2013. A decade later, Wickremesinghe’s energy minister Wijesekera has increased the electricity tariffs, refusing […]

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AMERICA’S ‘CHINESE SPY BALLOON’ MELTDOWN AND THE DANGERS OF DECAYING HEGEMONY

Monday, February 20th, 2023

BY JU-HYUN PARK Courtesy The Real News Network After weeks of political theater, the Pentagon is walking back its claims that China invaded US airspace with a spy balloon.” But the damage from the media frenzy is already done, and the worst is likely yet to come. At times, the ways people perceive an object betrays […]

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Time for Another Humiliating Failure for the Fading American Empire

Monday, February 20th, 2023

A.J. SMUSKIEWICZ  Courtesy The Unz Review I recall that when I was attending St. Albert the Great elementary school in Burbank, Illinois, during the mid-to-late 1960s and early 1970s, some of the history teachers used to tell us that the United States had never lost a war. Keep in mind that this was while the […]

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Trincomalee is to be a prime economic hub, not a military base

Monday, February 20th, 2023

By Sugeeswara Senadhira Courtesy Ceylon Today Colombo, February 20: The Eastern Sri Lankan Port of Trincomalee, one of the best natural harbors in the world, has always attracted the interest of global and regional economic and military powers. Hence, any visit of a high-level political or military delegation of foreign powers comes under the scrutiny […]

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Sri Lanka’s return to the wild

Monday, February 20th, 2023

Mike Unwin  Courtesy https://www.wanderlust.co.uk/ Since Sri Lanka’s Jetwing Vil Uyana resort opened, its rewilded lands have lured native birds and animals back to the area, offering guests front-row seats… As early evening arrives in central Sri Lanka, I find myself searching a dark forest for a small animal. The idea is to sweep the beam […]

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China already offers Sri Lanka debt extension: Foreign Ministry

Monday, February 20th, 2023

Courtesy Adaderana The Export-Import Bank of China has provided Sri Lanka with a debt extension, China’s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka’s debt sustainability. The remarks come […]

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President has power to dissolve parliament from midnight today – GL

Monday, February 20th, 2023

Courtesy Adaderana Former Minister Prof. G.L. Peiris says that the authority to dissolve the current parliament will be vested with the President from midnight today (Feb. 20). Speaking at a press briefing, the parliamentarian expressed that they strongly believe the President needs to use that power and dissolve the parliament.  Today, President Ranil Wickramasinghe receives […]

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Economic Commission to be established to facilitate local & foreign investments – President

Monday, February 20th, 2023

Courtesy Adaderana President Ranil Wickremesinghe stated that an Economic Commission will be formed as early as possible to approve investment opportunity in order to provide more opportunities to local and foreign investors. The President also stated that it has the potential to significantly boost the country’s economy. President Ranil Wickremesinghe made these remarks today at […]

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Police fire tear gas at SJB protest in Colombo

Monday, February 20th, 2023

Courtesy Adaderana Police have used tear gas and water cannons to disperse a protest march organized by the Samagi Jana Balavegaya (SJB) near Technical Junction in Maradana, a short while ago. The protest march had been organized by the SJB against the alleged attempts by the government to postpone the 2023 Local Government Election.  Meanwhile […]

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Colombo Stock Exchange’s All Share Price Index (ASPI) records massive gain

Monday, February 20th, 2023

Courtesy Adaderana The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20). This is an increase of 2.64 percent. According to reports, the massive gain was recorded as a result of increased investor […]

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Election Comm. files motion with Supreme Court citing difficulties to hold LG polls

Monday, February 20th, 2023

Courtesy Adaderana The Election Commission has filed a motion before the Supreme Court citing difficulties including inadequate funds to hold the 2023 Local Government elections on 09 March. The Election Commission has informed the Supreme Court that the activities related to holding the Local Government (LG) election have been hampered due to the non-availability of sufficient […]

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Sri Lanka to spend USD132M on port development projects

Monday, February 20th, 2023

Courtesy Adaderana Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around USD132 million on port development projects. These investments would be made through revenue generated from port operations, the minister said on Saturday night. Speaking at an event in Colombo, the minister said the government […]

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