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 ...

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Sri Lanka’s socio-political situation as on 9th June 2022 – By Dr Harold Gunatillake Website – www.Doctorharold.com Transcript: Ranil and Karu reach a consensus. Prime Minister Ranil Wickremesinghe and former Speaker Karu Jayasuriya have agreed to work together on forming new Parliament committees. Jayasuriya told Daily Mirror the Prime Minister discussed with him, and they agreed to work together on the Parliament committees. There had been reports and speculation earlier that the former Speaker would be brought into Parliament through the National List to be appointed as Prime Minister, to replace Mahinda Rajapaksa. However, that speculation was dismissed with the appointment of Ranil Wickremesinghe as Prime Minister. Sri Lanka NeedsSri Lanka needs approximately USD 500 million every month to finance consumption requirements and appears unable to present a coherent plan to sustain previous debt. Difficult times ahead “The next couple of months will be the most difficult ones of our lives,” ...

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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 Current – by Dr Harold Gunatillake Website: www.Doctorharold.com Headlines India is emerging as one of the biggest aid providers to cash-strapped Sri Lanka.US$ 16 million worth of aid from Tamil Nadu will begin arriving in Colombo on May 22 Indian envoy in Lanka’s hands over SLR.2 billion worth of essentials sent by Tamil Nadu government Litro Gas distribution to 416 areas Uninterrupted electricity supply soon. Sri Lanka: Political stability restored, but food, law and order pose challenges Uninterrupted electricity supply soon. Aid from Tamil Nadu to the value of US $ 16 million arrived in Sri Lanka on May 22nd. The consignment, which consists of 9,000 MT of rice, 50 MT of milk powder and more than 25 MT of drugs and other medical supplies, was handed over by High Commissioner Gopal Baglay to the senior leadership of the Government of Sri Lanka This commitment translates to more than ...

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China becomes wild card in Sri Lanka’s debt crisis – by BHARATHA MALLAWARACHI China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade Source:abcnews.go.com COLOMBO, Sri Lanka — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. But in a cautionary tale for borrowers, Sri Lanka’s multibillion-dollar debt to Beijing threatens to hinder efforts to resolve a financial crisis so severe that the Indian Ocean nation cannot import food or gasoline. Sri Lanka’s struggle is extreme, but it reflects conditions across dozens of countries from South Pacific islands through some of the poorest in Asia and Africa that have signed onto Chinese President Xi Jinping’s Belt and Road Initiative. The total debt of poor countries is rising, raising risks others might run into trouble. Sri Lanka’s 22 ...

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News In Sri Lanka – by Dr harold Gunatillake   Website: doctorharold.com Transcript: Bringing the most important latest news to your doorstep “If the ongoing protests diminish through fatigue and fail to monitor Wickremasinghe, Lanka’s fall into the abyss will not only be inevitable but extremely painful as well”. Sasanka Perera-Professor of Sociology and Dean of Social Sciences at South Asian University, New Delhi. In his first interview since taking office, Mr Wickremesinghe told the BBC he would ensure families get three meals a day. Appealing to the world for more financial help, he said, “there won’t be a hunger crisis; we will find food”. The new PM described the Sri Lankan economy as “broken”, but he said his message to Sri Lankans was to “be patient; I will bring things back”. Sri Lanka’s political and socio-economic disaster turned into deadly combat between the progovernment thugs with the backing of Mahinda ...

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CAN RANIL PULL THROUGH THE PRESENT PANDEMONIUM? – By Dr. Tilak S. Fernando Photo Source:bbc.com    Everyone doesn’t Ranil Wickremasinghe’s appointment as Prime Minister. He was the only member of Parliament ( from the national list) when the whole group of UNP candidates lost their parliamentary seats. It took nearly a year to fill the  UNP National list vacancy. In the end, the  UNP recommended Ranil Wickremasinghe’s name. Likewise, everyone blames the Opposition Leader for dilly-dallying the issue by presenting numerous excuses, such as ” the President should leave.”  By the time he agreed to accept the Prime Minister’s position (still under several clauses), the stable was closed and the horse had bolted. Usually, an opposition leader understands the Constitution of a country. For example, there is a shadow cabinet in England, and the opposition leader takes immense responsibility for national issues. He may disagree in Parliament over political issues ...

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Sri Lanka -current news – by Dr Harold Gunatillake Website:www.doctorharold.com New PM starts talks on Foreign Consortium for Financial Assistance • PM holds preliminary talks with foreign envoys representing India, Japan, United States of America and China • The Indian and Japanese envoys discussed the measures being taken to gather support from other foreign nations to help Sri Lanka’s economy Sri Lanka’s new Prime Minister, Ranil Wickremesinghe, has secured the support of key countries in the world such as India, the US, Japan and China. He is expected to get majority support in parliament also, though he is the lone representative of his party, the United National Party, in parliament. Wickremesinghe might not head a truly “national” government composed of all parties inparliament. But he might get the support of enough MPs to have a majority, that is, at least 113 in the House of 225. World’s Interest in Stability ...

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Australia Tour Of Sri Lanka 2022: Cricket Australia Says Tour Will Go Ahead Despite Government Advisory – by CA Staff Source:cricketaddictor.com Cricket Australia on Thursday said the multi-format tour to Sri Lanka next month will go ahead despite high tensions amid recent developments of the political turmoil in the Island nation. The Australian team is due to travel to Sri Lanka to play three T20 Internationals, five ODIs and two Test matches. Australia Government issued travel advisory for nationals visiting Sri Lanka Civil unrest followed after Prime Minister Mahinda Rajapaksa’s resignation earlier this week. The Australian government advised the touristd to reconsider their need to travel to Sri Lanka because of security concerns amid violent protests in Colombo. “We now advise you reconsider your need to travel to Sri Lanka due to the security situation,” the travel advice states, as reported by Sydney Morning Herald. “Several violent incidents have taken ...

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What’s happening in Sri Lanka? Country facing worst economic crisis and on the brink of bankruptcy – by Megan Baynes   Source:news.sky.com In a country where limes cost 240% more than they did last year, and with a looming economic and food crisis, protests continue to play out between those demanding the government resign and those in support of it. Sri Lanka is on the brink of bankruptcy and now facing its worst economic crisis since independence, with acute shortages of food, fuel and other essentials. Protests have been taking place on the island nation of 22 million people since the end of March between pro-government supporters and those calling for an immediate change in authority. The background Sri Lanka, which gained independence from the UK in 1948, emerged from a devastating civil war in 2009. In 2019, the country was rocked by Easter Sunday bombings – 250 people were killed ...

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