Sri Lanka’s Future May Not Be All That Bleak – By Luke Hunt A conversation with economist Ganeshan Wignaraja. Source : thediplomat.com COLOMBO — Sri Lanka’s Acting President Ranil Wickremesinghe has declared yet another State of Emergency ahead of the next sitting of Parliament, whern politicians have promised an All Party Government (APG) will be formed and a new president elected this week. The next task will be to negotiate an IMF bailout, this country’s 17th since independence  in 1948, and a restructuring of debts totaling $51 billion while reining in hyperinflation, ending acute fuel shortages, and sending children back to school. It’s a big ask. Ganeshan Wignaraja is an internationally known development economist. He is a non-resident senior fellow at the Institute of South Asian Studies at the National University of Singapore and a senior research associate at ODI Global in London. Wignaraja spoke with The Diplomat’s Luke Hunt about ...

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A childhood friend of Ranil – Attorney-At Law Deepthi Liyanage speaks to the Sunday Observer Ranil with the Royal College Rugby team of 1968 Source:Sundayobserver Achildhood friend of Ranil Wickremesinghe and Dinesh Gunawardena- speaks to the Sunday Observer. Q: How did you become childhood friends with the current President Ranil Wickremesinghe? A: I became friends with Ranil even before we became classmates at Royal College. My father was appointed as the Editor of Silumina by D.R Wijewardene. His daughter Nalini, married Esmond Wickremesinghe. They were Ranil’s parents. As children Ranil and I would play at his grandfather D.R Wijewardene’s house in Hunupitiya. That was not a mere house but a palace. Q: Around when did you and Ranil begin your school lives? A: In 1954 the Royal College had two Sinhala medium classes along with a Tamil medium and English medium class each. Ranil and I started school on the same day. ...

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DR. INDRAJIT COOMARASWAMY SAYS SL ECONOMIC RECOVERY REQUIRES PAINFUL TREATMENT Source:Lankanewsweb Highly respected eminent economist and former Central Bank Governor Dr. Indrajit Coomaraswamy has said the economic recovery will require painful treatment whilst expressing hopes that President Ranil Wickremesinghe would take all the tough decisions to avoid the disastrous situation. “President Wickremesinghe is economically very literate. He knows what has to be done. At times, it has been difficult for him or any other politician to get it done, given the political dynamics and that toxic populist politics and entitlement culture that has driven the economy to where it is today. But, if President Wickremesinghe understands this reality , he can get it done and tackle the economic crisis ,” Dr. Coomaraswamy said in an interview with The Wire on Saturday. ...

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WHAT NEXT? HOW DO WE PROCEED TO REBUILD SRI LANKA Source:Island President Gotabaya Rajapaksa is gone. He has left the country in shambles. Unfortunately the sycophants and those who were under obligation to follow the law of the jungle are still around. There is a total breakdown in adherence to laws, rules and regulations thanks to Ministers asserting their power to hire and fire. The Ministers do not respect the need for public servants to adhere to their rules and regulations. I think the most important change that has to be introduced, is to ensure that the Public Service and the Judiciary are made sacrosanct and allowed to operate without any political interference. In days gone by we had a Civil Service which had qualified individuals who knew what was expected from them and they were allowed to do their work without political interference. The observance of closed services where ...

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Interim Cabinet appointed All-Party Govt soon Source : sundayobserver.lk President Ranil Wickremesinghe told the maiden Cabinet meeting on Friday, July 22 that he will discuss with Party Leaders soon to form an All-Party Government. The President told the Cabinet of Ministers that this interim Cabinet has been appointed until an All-Party Government is formed after reaching a consensus among political party leaders, authoritative sources told the Sunday Observer yesterday. The maiden Cabinet meeting was held on Friday soon after the swearing in of the new Cabinet of Ministers of the interim Government at Temple Trees under the patronage of President Ranil Wickremesinghe. President Wickremesinghe had also stressed the importance of continuing the affairs of Parliament in a more organised and methodical manner. The President had also called upon the Ministers to be present in the House at least during the morning session on the days when Parliament convenes. The President said ...

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Economic Stability, First Task for New President-by Sugeeswara Senadhira Wednesday’s election of a new President by Parliament marked an important step towards stability as the 50 vote majority received by Acting President Ranil Wickremesinghe, who polled 134 votes in the 225-member House, demonstrated the fullest backing of the legislature. The first task of President Ranil Wickremesinghe is to arrest economic tailspin, which spiraled into political instability and a protest movement since April this year. The new President made a welcome appeal for consensual politics at this crucial hour and it was positively reciprocated by Opposition Leader Sajith Premadasa as well as the main contender Dullas Alahapperuma. In his recent media interviews, President Ranil Wickremesinghe urged the political parties to put aside their differences and form an All-Party Government which would allow the country to recover from the economic crisis. In an interview earlier this week with CNN, he assured the ...

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President vows tough line against troublemakers Source:Dailynews President Ranil Wickremesinghe vowed to take tough action against anyone resorting to what he called the undemocratic means that led to his predecessor’s ouster. Wickremesinghe said he will not bow to violence after winning a Parliamentary vote to succeed Gotabaya Rajapaksa, who resigned last week. “If you try to topple the government, occupy the President’s Office and the Prime Minister’s Office, that is not democracy, it is against the law,” Wickremesinghe said. ...

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CSE upbeat on the election of Ranil Wickremesinghe to presidency-By Hiran H. Senewiratne Source:Island The CSE remained upbeat yesterday after a crucial Parliamentary vote which elected Ranil Wickremesinghe as the country’s new President. During the trading period, the All -Share Price Index moved up to 100 points and later settled down at 67.96 points, stock market analysts said. From 1st July to date, the foreign outflow reached more than Rs 365 million, which was a positive scenario in the market. Both indices gained by 1.5 per cent, while turnover remained over Rs. 1 billion for the third consecutive session, market analysts said. Market activities and the foreign inflow were positive because local and foreign investors seem assured that the IMF bail-out is going to come with the electing of the new President yesterday. Amid those developments both indices moved upwards. All Share Price Index went up by 67.96 points and ...

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Personal Leadership Lesson from Sri Lanka   to reset of the world – by Damith Kothalawala Source : Linked In – Damith Kothalawala  https://www.linkedin.com/feed/update/urn:li:share:6955569706992902144?utm_source=linkedin_share&utm_medium=member_desktop_share&utm_content=post Personal Leadership Lesson from Sri Lanka 🇱🇰 to reset of the world. Newly appointed Executive President of Sri Lanka, Hon Ranil Wickremesinghe set an example to all the people who thinks you have no chance of success after facing to numerous failures within their lifetime. He used to be the Prime Minister of Sri Lanka, when I was at Grade 1 and He was the Prime Minister when my Kid was at Grade 1. After being at Parliament for almost 43 years he lost almost all the seats during 2020 General Election in Sri Lanka but was able to secure single seat at Parliament of Sri Lanka thanks to the Nationl List Selection based on the total islanwide votes. And that caused him to loose his long ...

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Pope urges Lankan leaders to initiate dialogue for common good Source:Island (Vatican News): Pope Francis has expressed his closeness to the people of Sri Lanka, assuring that he joins them in prayer. Speaking during the Sunday Angelus he also issued an appeal to all parties who are engaged in finding a solution to the crisis, rooted in corruption and economic mismanagement, that has deprived the people of basic needs and livelihoods and led to a popular uprising. The Pope also said he joins the religious leaders of the country “in imploring everyone to refrain from any form of violence and to initiate a process of dialogue for the common good.” Sri Lanka’s ousted president meanwhile, fled overseas this week to escape the swelling popular uprising against his government. Gotabaya Rajapaksa’s resignation was accepted by parliament on Friday after hundreds of thousands of anti-government protesters came out onto the streets of ...

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