Let The Voice Of Wisdom In Sri Lanka Assert Itself-by N.S.Venkataraman Source:Slguardian As Sri Lanka is undergoing serious economic crisis and Ranil Wickremesinghe government is talking to international financing agencies and some countries abroad seeking financial support to enable Sri Lanka to overcome the present crisis, it is distressing that mob of protesters have entered the Presidential palace in Sri Lanka, occupied it and enjoyed swimming in the swimming pool. Fearing violence , Gotabaya has left his residence. The demand of the protesters is that Gotabaya should leave office, as if this would solve all the economic misery of Sri Lanka in one stroke. Of course, Gotabaya should accept responsibility to some extent for the economic problems of Sri Lanka but he is a duly elected President in a democratic process and cannot be asked to leave by a violent mob. He can be removed only by a democratic process ...
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Sri Lankan president confirms resignation – By Uditha Jayasinghe Source: canberratimes.com.au Sri Lanka’s President Gotabaya Rajapaksa has informed Prime Minister Ranil Wickremesinghe he will resign, the prime minister’s office says, after tens of thousands of protesters stormed the official residences of both men. After Saturday’s sweeping protests in the wake of a debilitating economic crisis, the speaker of parliament said Rajapaksa would resign on Wednesday. However, there has been no direct word from Rajapaksa on his plans. Wickremesinghe has said he would also step down to allow an all-party interim government to take over. Leaders of the protest movement have said crowds would keep occupying the residences of the president and prime minister in Colombo until they finally quit office. Colombo, Sri Lanka’s largest city, was calm on Monday as hundreds of people strolled into the president’s secretariat and residence and toured the colonial-era buildings. Police made no attempt to stop ...
Jul 11, 2022
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Tagged Colombo, Dushantha Gunasinghe, economic crisis, Gotabaya Rajapaksa, Ranil Wickremesinghe
Chaos in Colombo: Sri Lanka’s president and PM to resign after palace stormed Source : thenewdaily.com.au Sri Lanka’s president and prime minister will both step down after a day in which protesters angry about the country’s economic crisis stormed the presidential palace and set the PM’s house on fire. In a dramatic escalation of the country’s woes, thousands descended on the capital Colombo and broke through iron fortifications at the official residence of President Gotabaya Rajapaksa. Protesters were seen jumping in the pool, lounging in state rooms, laying on beds, making tea and issuing “statements” from the conference room, calling on the president to quit. The president was not home at the time, having been whisked away to a “safe” location. President Rajapaksa announced his resignation hours after the protesters overran his official residence. Prime Minister Ranil Wickremesinghe had earlier announced he would be stepping aside, and hours later his house ...
Jul 10, 2022
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Tagged Colombo, Gotabaya Rajapaksa, Ranil Wickremesinghe, Sri Lanka, Sri Lanka’s parliament
LET THE VOICE OF WISDOM IN SRI LANKA ASSERT ITSELF – by N.S.Venkataraman As Sri Lanka is undergoing serious economic crisis and Ranil Wickremesinghe government is talking to international financing agencies and some countries abroad seeking financial support to enable Sri Lanka to overcome the present crisis, it is distressing that mob of protesters have entered the Presidential palace in Sri Lanka, occupied it and enjoyed swimming in the swimming pool. Fearing violence , Gotabayya has left his residence. The demand of the protesters is that Gotabayya should leave office, as if this would solve all the economic misery of Sri Lanka in one stroke. Of course, Gotabayya should accept responsibility to some extent for the economic problems of Sri ...
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 ...
Jul 9, 2022
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Tagged Colombo, economic crisis, Gotabaya Rajapaksa, Ranil Wickremesinghe, Sri Lanka
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 ...
Jul 9, 2022
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Tagged Dhammika Perera, Gotabaya Rajapaksa, Indika Anuruddha, Mahinda Rajapaksa, Ranil Wickremesinghe, Sri Lanka Podujana Peramuna, Vladimir Putin, World Food Programme
Sri Lankans return to cooking with firewood as economy burns With gas prices soaring in the struggling nation, many Sri Lankans have been forced to revert to cooking with firewood Source:News As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, people are returning to cooking with firewood. The switch began at the beginning of the year when more than 1,000 kitchens exploded across the country, killing at least seven people and injuring hundreds more. But now, along with much else in the country of 22 million people, gas is either unavailable or too expensive for most. And those who bought electric cookers were in for a rude shock when the government imposed lengthy power blackouts as it ran out of dollars to import fuel for generators. “Fortunately, no one was there at the time. There were pieces of glass all ...
Discussions with SL authorities constructive and productive: IMF team Source:Dailymirror The IMF team that concluded their visit to Sri Lanka said that they had constructive and productive discussions with the Sri Lankan authorities on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF) arrangement and also said Executive Board approval would require adequate financing assurances from Sri Lanka’s creditors that debt sustainability will be restored and far-reaching tax reforms are urgently needed. “Sri Lanka is going through a severe economic crisis. The economy is expected to contract significantly in 2022, while inflation is high and rising. The critically low-level of foreign reserves has hampered the import of essential goods. During the in-person visit, the team witnessed some of the hardships currently faced by the Sri Lankan people, especially the poor and vulnerable who are affected disproportionately by the crisis. We reaffirm our commitment to support ...
Jul 1, 2022
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Tagged Dr. P Nandalal Weerasinghe, Mahinda Siriwardana, Ranil Wickremesinghe
Sri Lanka-News as of 24th June 2022 – By Dr Harold Gunatillake Sri Lanka’s economy ‘has completely collapsed’, says despairing PM Transcript: India stands ready to help Sri Lanka in quick economic recovery through promoting investments, connectivity and strengthening economic linkages,” Indian foreign ministry spokesman Arindam Bagchi posted on Twitter. Sri Lanka’s prime minister says its debt-laden economy has collapsed after months of food, fuel and electricity shortages, and the South Asian island nation cannot even purchase imported oil. “We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed. That is the most serious issue before us today,” Prime Minister Ranil Wickremesinghe told Parliament on Wednesday. “Currently, the Ceylon Petroleum Corporation is $700 million in debt,” he told MPs. “As a result, no country or organisation in the world is willing to provide fuel to us. ...
Jun 24, 2022
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Articles, Dr harold Gunatillake
Tagged Arindam Bagchi, Dr S. Jaishankar, Milinda Moragoda, Nirmala Sitharaman, Ranil Wickremesinghe, South Asian Island
Sri Lanka Progress talks IMF Bailing Out Details – By Dr Harold Gunathilake Website: www.Doctorharold.com Transcript: Wickremesinghe requested that the staff-level delegation from financial institutions visit Colombo as soon as possible to finalise the staff-level agreement. Sri Lankan Prime Minister Ranil Wickremesinghe has urged IMF chief Kristalina Georgieva to send a team to Colombo “as soon as possible” so that a staff-level agreement could be finalised as his cash-starved government is seeking to find USD 6 billion to keep the country afloat for the next six months. During his talks with the IMF Managing Director on Tuesday, Wickremesinghe “requested that the staff-level delegation from the IMF visit Sri Lanka as soon as possible so that the staff-level agreement could be finalised,” online portal news first. Lk reported on Wednesday, quoting a statement issued by the Prime Minister’s Media Division. The statement said that Georgieva expressed her willingness to support Sri Lanka ...
Jun 11, 2022
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Articles, Dr harold Gunatillake
Tagged Central Bank, Colombo, Gerry Rice, International Monetary Fund, Julie Chung, Kristalina Georgieva, Mahinda Siriwardana, Nandalal Weerasinghe, Peter Breuer, Ranil Wickremesinghe, Sri Lanka
