As Sri Lanka faces bankruptcy, police impose curfew before mass protest – By Bharatha Mallawarachi   Source : nzherald.co.nz Police imposed a curfew in Sri Lanka’s capital and surrounding areas on Friday (local time), a day before a planned protest demanding the resignations of the country’s president and prime minister because of the economic crisis that has caused severe shortages of essential goods and disrupted people’s livelihoods. Critics have said President Gotabaya Rajapaksa is responsible for the economic crisis, the worst since the country’s independence in 1948. They also blame Ranil Wickremesinghe, who became prime minister two months ago, for not delivering on promises to end the shortages. Civic and opposition activists have announced that thousands of people will gather in Colombo on Saturday for a mass protest. Police said the curfew, beginning at 9pm on Friday, would last until further notice in Colombo and its suburbs. The announcement of the ...

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Sri Lanka Current – By Dr harold Gunatillake Website :  www.Doctorharold.com Dhammika calls on Ranil to resign as Finance Min. Investment Promotion Minister Dhammika Perera said Prime Minister Ranil Wickremesinghe should resign immediately as the Finance Minister and from the post of Prime Minister, and the political game he is playing needs to be stopped. Addressing the media today, he said the PM had halted all the projects that could bring in dollars to the country. “From today onwards, I have decided to prepare myself for the struggle. It has been seven days since I joined the government, and I saw what has been going on here,” he said. The PM has no plan for the cash flow of the country. He doesn’t have a plan to feed the people in the country or a plan to bring in dollars to the country. Sri Lanka seeks Credit Assistance from Russia ...

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Japan ready to assist Sri Lanka’s programme with IMF – Japanese Ambassador Japanese Ambassador to Sri Lanka Mizukoshi Hideaki met President Gotabaya Rajapaksa at the President’s House in Colombo, yesterday. Picture courtesy President’s Media Division Source:Dailynews Japanese Ambassador to Sri Lanka Mizukoshi Hideaki said that Japan is ready to provide continuous support to Sri Lanka while strengthening relations between the two countries, for Sri Lanka’s economic programme with the International Monetary Fund (IMF) and for the development activities of the country. These remarks were made when the Japanese Ambassador met with President Gotabaya Rajapaksa at the President’s House in Colombo, yesterday (01). ...

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Sri Lanka Crisis Light of Hope – By Dr harold Gunatillake Website: www.Doctorharold.com The indomitable world around us Nations helping with a mighty rush An island separated by ethnic clashes United, with no more bashes A great future awaits our masses *Tamil Nadu sends aid worth nearly Rs 400MN which includes a consignment with rice, milk powder, medicine, and more consignments of essentials Sri Lanka today received a consignment of humanitarian aid worth over 3 billion Sri Lankan rupees from India. *The 15,000 MT consignment includes rice, milk powder, and essential medicines, according to the Indian High Commission. The Indian High Commission said that Sri Lanka would receive more assistance in the future. Ambassadors of the European Union (EU) called on President Gotabhaya Rajapaksa at the Presidential Palace in Colombo on 24th June. “Consider European countries as friends of Sri Lanka….” “Will assist at this difficult time….” These remarks were made ...

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Australia to provide assistance within IMF framework Source:dailynews.lk Australian Home Affairs Minister Clare O’Neill has said that the Australian Government will assist Sri Lanka in overcoming the present economic crisis in compliance with the International Monetary Fund (IMF) framework. Minister O’Neill, who is on an official visit to Sri Lanka, made these remarks when she called on President Gotabaya Rajapaksa at President’s House in Colombo, yesterday. The ‘Zero Chance’ campaign for illegal migration and human trafficking was the policy of the previous Conservative Government of Australia. Minister O’Neill stated the same is the policy of the new Labour Government too. President Rajapaksa explaining the steps that he had taken when he was the Defence Secretary to prevent illegal migration said that the Navy is taking such actions as are necessary to prevent illegal migration. President Rajapaksa appreciated the support of the Australian Government in providing naval, technical and material assistance ...

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SRI LANKA NEEDS FEWER POLITICIANS AND MORE TECHNOLOGISTS – By Dr. Tilak S. Fernando   “There are rumours that Sri Lankan Prime Minister Ranil Wickremesinghe had to take over the finance portfolio since no member of the Sri Lankan Parliament was willing to take up this challenge of managing the country’s finances. Instead of looking at the scenario negatively, it would be appropriate to think that the Prime Minister taking over the finance portfolio is also a progressive step, as the finance portfolio requires the maximum attention at this stage,” says veteran Indian journalist N.S. Venkataramanin in his latest article, which landed in my email ‘in box’. He further states that ‘when the Sri Lankan Government negotiated with the IMF to obtain financial support, the present scenario appears to be that the IMF is procrastinating the issue and has not given a firm assurance to the Sri Lankan Government. When ...

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Sri Lanka Political Crisis triggered by an economic Collapse – By Dr harold Gunatillake Transcript: *Sri Lanka’s Newly Proposed Constitutional Reforms *Powers of the president will be clipped, and powers of the parliament strengthened *Protesting youth to be invited to be part of governance under political reforms. Prime Minister Ranil Wickremesinghe said that under proposed constitutional reforms, the president’s powers would be clipped and those of parliament strengthened. In a televised statement, he said that governance would be broad-based through parliamentary committees where politicians, youth, and experts work together. “The youth are calling for a change in the existing system. They also want to know the current issues. Therefore, I propose to appoint four youth representatives to each of these 15 committees,” Wickremesinghe said. “The methodology used to choose these individuals can be decided by the youth organisations themselves,” he said. So far, there have been no immediate comments from ...

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Taking a closer look at ‘aragalaya’ – By Dr. Tilak S. Fernando   The ‘Aragalaya’ or the protest by peaceful demonstrators in front of the Presidential Secretariat has exceeded fifty days and continues. The protesters claim the 6.9 million who voted for a change and for Gotabaya Rajapaksa failed to deliver what was promised on election platforms.  Fuel prices have gone up several times to unprecedented levels. Consequently, people stand in long queues mainly for petrol, gas and milk-food, while consumer prices are sky high. The scarcity of medicines in hospitals is also flashing red lights. People complain they have to spend their time in queues constantly. The poor cannot afford the wave of fuel and consumer price hikes. Yet, it is the fault of all Governments since Ceylon became independent in 1948 for not implementing robust economic policies. Still, everyone blames the present President in a matter of three ...

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SRI LANKA NEWS (MAY 2022)- By Victor Melder. Tea production in March had slumped by 24% to 22 million kg from a year earlier, marking it as the lowest crop since 2009, Asia Siyaka Commodities said. It also said in 2020 when the country went into complete lockdown in mid-March and production declined to 13.5 million kg. Quoting Sri Lanka Tea Board preliminary data, Asia Siyaka said first quarter production dropped by 15% to 63 million kg from 74.5 million kg a year ago. This year’s January – March figure is also the lowest since 2009. In that year production slumped due to fallout from the global financial crisis and the market collapsed, teas remained unsold and farmers stopped plucking their fields and estates were pruned.  Asia Siyaka said this year’s first quarter losses however resulted from dry weather that took its toll on bushes that had not received adequate fertilizer ...

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Sri Lanka-current 27th May 2022 – By Dr Harold Gunatillake *Sri Lanka PM to take over as finance minister too. Ali Sabry, previous finance minister, resigns *Wickremesinghe will present an interim budget within six weeks that will slash government expenditure ‘to the bone’. *The PM is seeking $4bn from the IMF, China and Japan to pay for food and fuel even as he slashes the budget to ‘bare bones’. *Sri Lanka’s Rajapaksa Appeals for Bridging Finance in TokyoLanka has run out of money to pay for food, fuel, medicines and other daily need. *Sri Lanka hikes fuel prices, hires financial and legal advisers *Sri Lanka’s inflation increased by 20-24 per cent Lanka’s Prime Minister Ranil Wickremesinghe will take charge as finance minister, the president’s office has announced. It will lead talks with the International Monetary Fund (IMF) as the crisis-hit nation seeks a bailout. “Prime Minister Ranil Wickremesinghe was sworn ...

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