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Sri Lanka crowd breaks Rajapaksa grip on power-By Anbarasan Ethirajan Thousands stormed the presidential residence in Colombo Source:BBC These are extraordinary times for Sri Lanka – after a day of fury and violence, the country’s two senior leaders have agreed to step down. The news triggered jubilation at the main protest site in Colombo. Firecrackers were set off in many parts of the city. I am at the Galle Face protest site – many protesters have started returning home, thousands are still present. Some have been singing and playing musical instruments, celebrating. What a turnaround of events. A few days ago a photo of President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe smiling in parliament was widely shared on social media. Many vented their anger, saying the two men appeared to be happy while millions were struggling to eat three meals a day. But a week is a long time ...

Jul 13, 2022 Posted by In Articles Tagged ,
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IMF-Sri Lanka talks positive-BY CHAMIKARA WEERASINGHE Source:Sundayobserver The talks in Colombo between the nine-member staff mission from the International Monetary Fund (IMF) and senior officials from the Finance Ministry have made key progress in restructuring the country’s balance of payments for much needed financial consolidation, sources at the Prime Minister’s office told the Sunday Observer yesterday. “IMF-Government negotiations have moved in a positive direction from the start. The chances are that the IMF will reach a staff-level agreement with Sri Lanka,” a Finance Ministry official said. “This will be critical for channelling IMF funds for an economic stabilisation program. It will also create a positive background for obtaining external loans.” When the country enters into a staff-level agreement with the IMF, the country will not have to deal with issues like the recent refusal by an international bank to serve as a guarantor for Sri Lanka’s purchase of fuel, which ...

Jun 26, 2022 Posted by In Articles Tagged , ,
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IMF delegation here today to discuss loan agreement-by Shiromi Abeyasinghe Source:Dailynews An International Monetary Fund (IMF) delegation will arrive in Sri Lanka today (20) to finalise the staff-level agreement on the loan requested by Sri Lanka. Prime Minister Ranil Wickremesinghe telephoned International Monetary Fund Managing Director Kristalina Georgieva on June 7 and requested her to expedite the staff-level agreement on the loan requested by Sri Lanka as soon as possible. PM Wickremesinghe was informed on June 9 about the visit of the IMF delegation due today. ...

Jun 24, 2022 Posted by In Articles Tagged ,
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SRI  LANKAN  PRIME MINISTER SHOULD BUILD CONFIDENCE AND NOT FEAR AMONGST SRI LANKANS – by N.S.Venkataraman Large number of Sri Lankans who have been hoping against hope that Sri Lanka’s economic crisis would be resolved soon,  must have been disappointed after reading the statement of the Prime Minister Ranil Wickremesinghe, in Parliament that Sri Lanka’s economy has collapsed after months of shortages of food, fuel and electricity. At the present stressful time that Sri Lanka is passing through, what is urgently needed is that morale of the Sri Lankan citizens should be  sustained and protected by releasing  a detailed and time bound action plan for revival of the economy .  The term “collapse” used by the Prime Minister is the term that should have been totally avoided and certainly use of such term does not   create confidence in the leadership capability of the Prime Minister.  ...

Jun 23, 2022 Posted by In Articles Tagged ,
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What’s next for the Sri Lankan Economy?-by Kalani Kumarasinghe Source:Dailymirror Monday’s briefing by Prime Minister Ranil Wickremesinghe was a rude awakening for many across the country. Although several parliamentarians, economists and industry stakeholders had long warned that the Sri Lankan economy would eventually come to a standstill unless interventions are made, much of these calls went unheard. Over the Vesak weekend, usually marked with dansal, colourful lanterns and illuminated pandols, people were seen queuing for petrol and kerosene. Unlike other years, only a few events to distribute food were organized by community groups despite skyrocketing prices of food. Sri Lankans it seemed are slowly adjusting to their new normal of extended power cuts and long queues. Prime Minister Ranil Wickremesinghe meanwhile exposed many realities and inconvenient truths on the state of the Sri Lankan economy. According to his speech, the Government incurs massive losses, as does the Ceylon Electricity Board. ...

May 19, 2022 Posted by In Articles Tagged , ,
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    High Commissioner in Australia J.C. Weliamuna presents credentials Source: Daily Financial Times, Thursday, 26 September 2019 The newly appointed High Commissioner J.C. Weliamuna presented Letters of Credence on 20 September 2019 to the Governor-General of the Commonwealth of Australia, General David Hurly. The ceremony held at Government House was attended by Deputy Secretary of Department of Foreign Affairs and Trade (DFAT) Penny Williams, representing the Minister for Foreign Affairs and Women, Australia.  Following the presentation of credentials, High Commissioner Weliamuna had a one-to-one meeting with the Governor-General where the High Commissioner conveyed warm greetings from President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, and the people of Sri Lanka, to the Governor-General. The High Commissioner expressed his keen interest to further enhance the friendly relations and close cooperation between the two countries to new heights.  While congratulating the High Commissioner, the Governor-General wished him success in his new assignment, and ...

Sep 28, 2019 Posted by In Articles Tagged , , , , Comments 0
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