economic crisis Archives

Home ⁄ Tag Archives: economic crisis

Sri Lanka News-updates, as on 7th Dec 2022. – By Dr Harold Gunatillake Website: www.Doctorharold.com If golden beaches, rising waves, misty mountains, mighty elephants, stealthy leopards, giant whales, a glorious past, lovely tea and warm smiles could sum up a country, that would be Sri Lanka. Why does Sri Lanka attract tourists? Travel destinations in Sri Lanka provide an array of holiday experiences, from sun-kissed beach holidays to a marathon of wildlife watching, adrenaline-pumping adventure sports and pilgrimage to some of the oldest cities in the world, and lastly, the street foods in Colombo. What attracts the tourists there? Tourists’ expectations when visiting a particular place are related to several features of the chosen destination: culture, architecture, gastronomy, infrastructure, landscape, events, shopping, etc. These features attract people to the destination and contribute to the overall experience of the trip in Sri Lanka. Traditional Sri Lankan food is Spicy! If you ...

Dec 7, 2022 Posted by eLanka admin In Articles, Dr harold Gunatillake Tagged Christmas cake, Christmas season, economic crisis, foods in Colombo, golden beaches, Hambantota International Port, Harin Fernando, Litro Company, Maithripala Sirisena, mighty elephants, misty mountains, Ranil Wickremesinghe, rising waves, Sri Lanka, Sri Lanka Navy, SRI LANKA NEWS, Sri Lankan cuisine, stealthy leopards, t Shangri-La Hotel, tourists, Traditional Sri Lankan food, Yala

Christmas in a Crisis- by Dr Remy Perumal Dr Remy Perumal , retired Consultant Physician and freelance journalist living in the UK Chill winds of recession are threatening the festivities. With the effects of the Pandemic, economic crisis, and runaway inflation causing uncertainty, what can we expect this Christmas? A ‘Crisis at Christmas’ sadly, seems inevitable. At these uncertain times, families have to contend with the phenomenal rise in the cost of living and huge increase in the prices of fuel and energy. Impact of these would be redundancies, job losses and loss of homes. Annual family gatherings could be hampered by prohibitive travel costs, thereby, elderly parents could be isolated and lonely at Christmas. The Christian message ‘Peace on earth goodwill to men’ must signify that Christmas is a time for celebrating the best of humanity – of generosity, self sacrifice and kindness. Therefore, instead of spend, spend, ...

Dec 2, 2022 Posted by eLanka admin In Articles Tagged Christmas, Christmas in a Crisis, economic crisis, Pandemic, The Christian message

We are solving the economic crisis faced by Sri Lanka – By Dr Harold Gunatillake Transcript: America to help Sri Lanka get out of debt. Seek assistance from the International Monetary Fund through an Extended Fund Facility (EFF) being processed The United States, following its principles, stands ready to join other members of the Paris Community, sharing with Sri Lanka the common goal of accelerating financial assurance. The United States Treasury Secretary, Mrs Janet Yellen, has informed President Ranil Wickremesinghe that she will support debt restructuring in Sri Lanka. The Treasury Secretary has also informed that the World Bank, Asian Development Bank and American financial institutions are working to provide support following the financial rules to solve the economic crisis faced by Sri Lanka. Accepting President Ranil Wickremesinghe’s proposal for a coordination platform for Sri Lanka’s official bilateral creditors, the United States Treasury requests action in this regard. The United ...

Sep 13, 2022 Posted by eLanka admin In Articles, Dr harold Gunatillake Tagged economic crisis, International Monetary Fund, Ranil Wickremesinghe, The United States

Supporting starvation in Sri Lanka – By Dr Harold Gunatillake Transcript: Over six million people, or over 28 per cent of Sri Lanka’s population, are “food insecure”, and this situation is likely to deteriorate as the crisis unfolds in the island nation, which is grappling with its worst economic crisis, according to the World Food Programme. Almost 6.3 million people in Sri Lanka are unsure of where their next meal will come from, according to a food security assessment by the World Food Programme (WFP). With staggering malnutrition, the organisation warns of “grave consequences” where pregnant women cannot obtain the necessary nutrients. “We’re witnessing a tragic series of events that are unfolding in Sri Lanka right now that should be a warning to anyone who thinks that it is up to countries themselves to figure out https://youtu.be/etaLI6mQVNI how to deal with this crisis,” says Achim Steiner, administrator of the UN ...

Sep 8, 2022 Posted by eLanka admin In Articles, Dr harold Gunatillake Tagged Achim Steiner, economic crisis, Help Sri Lanka, Sri Lanka, Sri Lanka's population, UN Development Programme

Motion supporting Sri Lanka in Australian Federal Parliament Source : newswire Australian Shadow Minister for Community Safety, Migrant Services, and Multicultural Affairs Jason Wood today passed a motion in the Australian Federal Parliament in support of Sri Lanka. Addressing the Australian Federal Parliament, MP Jason Wood said the current economic crisis in Sri Lanka is propelling to be a humanitarian crisis, with shortages of food, medicines, and other essential items. Stating that the economic crisis has also affected Sri Lankans living in Australia, the Australian Shadow Minister outlined the various charity programmes underway in Australia to provide assistance to Sri Lanka. He said several fundraisers are being carried out in Australia to assist Sri Lanka with much-needed medicines and equipment, such as “Save a Dream Team” and “Ride for Apeksha” which is organized by DS OBA Victoria in partnership with Rotary Australia. Watch Australian Shadow Minister Jason Wood’s speech: facebook ...

Sep 6, 2022 Posted by eLanka admin In Articles Tagged charity programmes, economic crisis, FOOD, medicines, MP Jason Wood, Save a Dream Team Rotary Australia, Shadow Minister, Sri Lankans living in Australia

RISE UP SCHOOL MEAL PROGRAM – PHASE 3 UPDATE FROM 8/30/2022 TO 9/2/2022 RISE UP FAMIY CELEBRATES RISE UP SCHOOLS MEALS – PHASE 3 Rise Up School Meal Program – Phase 1 and Phase 2 – Update 10th and 12th August 2022 View the Video on Facebook – click here Rise Up School Meal Program Sample of School Meals Served in Schools That Remained Opened During The Past Two Weeks School meal program in Sri Lanka-Rise Up RISE UP – School Meal Program – Phase 2 Sri Lanka is in the midst of an unprecedented economic crisis with extreme inflation and shortages of essential items including food. Schools in Sri Lanka are noticing a decrease in the attendance of students, particularly in schools located in areas that are severely impacted by this economic crisis. One of the main reasons attributed to this attendance decline is lack of availability of ...

Sep 5, 2022 Posted by eLanka admin In Articles Tagged Deraniyagala Education Division, Dr. Tara de Mel, economic crisis, Hambantota Education Zone, Maha Oya Education Zone, Ministry of Education, Schools in Sri Lanka

GR RETURNS TO SRI LANKA – By JAMILA HUSAIN Image Source : hwnews Source : dailymirror Former President Gotabaya Rajapaksa returned to Sri Lanka a short while ago on board a Singapore Airlines flight after fleeing the country in July, the Daily Mirror learns. Rajapaksa arrived at the Bandaranaike International Airport a short while ago amidst a heavy security presence. Rajapaksa will be living in a state bungalow close to Wijerama Mawatha in Colombo while a large security contingency will be appointed to maintain security in the area. Several ministers arrived at the BIA to welcome the former President. Rajapaksa resigned from the Presidency in July amidst mass scale protests calling for his resignation as Sri Lanka was plunged into one of its worst ever economic crisis. He fled to the Maldives on board an airforce aircraft and then entered Singapore on a medical visa, which was extended twice. As the Singapore ...

Sep 3, 2022 Posted by eLanka admin In Articles Tagged Bandaranaike International Airport, Daily Mirror, economic crisis, Singapore Airlines flight, USA Green Card Sri Lanka

This meal trend is taking over Sri Lankan social media-by ChriShalle Shalini Source:Dailymirror 2022 has been the year of cutting back. Cutting back on the little joys life has to offer. For many young people, Sri Lanka’s severe economic crisis meant that they had to forego casual meet-ups with friends and cut back on their comfort food deliveries. Why? Everything is double the price! Over the last few months, however, one of Sri Lanka’s traditional ways of packing meals with a banana leaf, better known by its native name “Kesel Kole Bath ‘, has been making regular appearances on social media, with a new twist. Packing a meal in a banana leaf has been an ancient practice followed in the food culture of Sri Lanka. Over the last few months, videos of at least five individuals serving and eating together on banana leaves began to circulate virally on social media ...

Sep 2, 2022 Posted by eLanka admin In Articles Tagged economic crisis, Kameesha Kumarasinghe, Kesel Kole Bath, Sinhala and Tamil New Year, Thushini Perera

‘In our national interest’: Australia kicks in extra $25 million emergency aid to Sri Lanka – By Chris Barrett Source : theage Singapore: The Albanese government will lift emergency aid to Sri Lanka to $75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia. Sri Lanka’s worst financial meltdown has led to skyrocketing prices and crippling shortages of food, fuel and other necessities over the past three months and year-on-year inflation has climbed beyond 60 per cent. The deterioration of living conditions has resulted in a renewal of attempted boat arrivals in Australia from Sri Lanka, with five vessels being intercepted by Australian Border Force with a total of 137 people on board and 15 more, carrying 701 passengers all up, being stopped in Sri Lankan waters. Boat arrivals also became a key focus on the day of ...

Aug 19, 2022 Posted by eLanka admin In Articles Tagged Australia, Australian Border Force, economic crisis, Sri Lankan waters

Aitken Spence records highest-ever 1Q PBT of Rs.7.2 bn Source : ailymirror.lk Anchored through a heritage of excellence spanning over 150 years with diversified business operations across 8 countries, Aitken Spence PLC reported a strong performance for its fiscal first quarter (1Q23), the interim accounts released to the Colombo Stock Exchange showed. The conglomerate recorded a significant increase on its profit before tax (PBT) of Rs. 7.2 billion compared to a loss of Rs. 467 million a year ago. This is the highest 1Q performance in the group’s history despite the multiple obstacles stemming from the current economic crisis. The group recorded 553 percent increase in EBITDA (earnings-inclusive of equity accounted investees, before interest expenses, tax, depreciation, and amortisation) of Rs.10.9 billion compared to Rs.1.7 billion in the previous year. Accordingly, the group recorded earnings of Rs.14.41 per share or Rs.5.8 billion for the quarter under watch compared to a loss of 60 ...

Aug 15, 2022 Posted by eLanka admin In Articles Tagged Colombo Stock Exchange, Dr. Parakrama Dissanayake, economic crisis