SOLVING ECONOMIC CRISIS – By Dr. Tilak S. Fernando For weeks, motorists in Sri Lanka continuously lined up in long queues to obtain diesel and petrol. It has turned out to be a daily routine at present. Many women line up in rows to receive LP Gas or kerosene while their husbands spend long hours in petrol queues. Thanks to swift action by the authorities, it appears that mile-long queues are diminishing gradually for petrol. Meanwhile, diesel queues are getting longer and longer. All of these were due to the adamant policies adopted by the authorities, causing a scarcity of dollars in Government coffers. Some blame the ex-Minister of Finance, Basil Rajapaksa, former Prime Minister Mahinda Rajapaksa and the ex-Governor of the Central Bank, Nivard Cabraal, for the current adversity. Leaving aside who is to blame for the current adversity, the sudden increase in the Cost of Living has caused ...

Read More →

The value of helping others – By Pramod De Silva Source:sundayobserver.lk These are difficult times indeed. This trying period started with the onset of the Covid pandemic two years ago and it still continues as a result of the resulting economic slump. In the meantime, our foreign reserves have plummeted, expat earnings have fallen drastically and tourism has declined. We cannot regularly import many of the things we have taken for granted such as fuel, LP Gas and certain essential foods, leading to massive queues all around the island. This depressed economic environment has taken a heavy toll, with many people having lost their jobs and means of income and many surviving on two or even one meal a day. This has also raised malnutrition levels among children. Every sector has been adversely impacted, from farming to fisheries. One cannot even imagine how daily wage earners and the unemployed make ...

Read More →