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SRI LANKA NEWS (JANUARY 2023) Compiled – by Victor Melder. The Police Narcotics Bureau in operations conducted in 2022 along with other security forces agencies has arrested 46,258 people related to drug offenses. During the raids conducted in 2022, 1,548 kg of heroin were seized. The value of the seized heroin is over 20.9 billion rupees. Also, the police have raided around 200 places near schools where drugs, intoxicants, intoxicating toffee chocolates and other sweets were sold. Police continue to conduct these raids on information received that the school students are addicted to various types of drugs including ice (crystal methamphetamine) drugs, narcotic pills and intoxicating sweets. (Colombo Page, 2.1.2023) Sri Lanka tourism ended the year 2022 on a positive note, as the arrivals of international visitors to the country for the final month of the year crossed the 90,000 mark, while the total arrivals for the year topped 700,000.  ...

Jan 31, 2023 Posted by In Articles, Victor Melder Tagged , ,
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SRI LANKA NEWS – DECEMBER 2022 – By Victor Melder Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt – by the end of last year, calculations by the China Africa Research Initiative (CARI) showed, an estimate higher than many others. The figure was above the “often-quoted 10 to 15 percent figures,” the study said, adding a “significant portion” of the country’s debt to China had been recorded under lending to state-owned enterprises rather than central government. Crisis-hit Sri Lanka is in the midst of a debt restructuring after years of economic mismanagement combined with the COVID-19 pandemic saw the country plunge into the worst economic crisis since independence from Britain in 1948 and tip into default. Export-Import Bank of China (EximBank) and China Development Bank are the two largest Chinese lenders, accounting for $4.3 billion and $3 billion respectively, according to the ...

Jan 2, 2023 Posted by In Articles, Victor Melder Tagged , ,
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Sri Lanka News-updates, as on 7th Dec 2022. – By Dr Harold Gunatillake Website: www.Doctorharold.com If golden beaches, rising waves, misty mountains, mighty elephants, stealthy leopards, giant whales, a glorious past, lovely tea and warm smiles could sum up a country, that would be Sri Lanka. Why does Sri Lanka attract tourists? Travel destinations in Sri Lanka provide an array of holiday experiences, from sun-kissed beach holidays to a marathon of wildlife watching, adrenaline-pumping adventure sports and pilgrimage to some of the oldest cities in the world, and lastly, the street foods in Colombo. What attracts the tourists there? Tourists’ expectations when visiting a particular place are related to several features of the chosen destination: culture, architecture, gastronomy, infrastructure, landscape, events, shopping, etc. These features attract people to the destination and contribute to the overall experience of the trip in Sri Lanka. Traditional Sri Lankan food is Spicy! If you ...

Dec 7, 2022 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , , , , , , , , , , , , , ,
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SRI LANKA NEWS                                                                    (SEPTEMBER 2022)                                                              Compiled by Victor Melder. The Lotus Tower, built at a cost of USD 113 mn will be opened to the public on 15 Sept. Former President Maithripala Sirisena declared open the tallest self-supported structure in South Asia on 16 Sept 2019, though it was not opened to the public. The Presidential Media Division (PMD) yesterday said that a Chinese company had provided US$ 88.65 mn. “The loan installments are due to be completed by 2024. Already, USD 66.3936 mn of the loan ...

Sep 30, 2022 Posted by In Articles, Victor Melder Tagged , , , ,
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eLanka News 2022.08.29 – 2022.09.05 29th August 2022 Due to restrictions on oil distribution, queues have formed near filling stations again. The Petroleum Corporation says that the Corporation has sufficient stocks. This situation is aggravated due to the distribution of oil without proper management. However, the people of Colombo and the areas outside Colombo are suffering again from the oil queues. Meanwhile, due to a lack of proper fuel, public transport and school transport services have reached a crisis situation. The announcement issued by the corporation stated that Sapugaskanda Oil Refinery has been restarted and imported fuel is available in Kolonnawa and Muthurajawela warehouses. The announcement stated that the necessary procurement activities for future oil supply will continue. Meanwhile, the crown prince of Saudi Arabia, Mohammed bin Salman, has assured us that he is committed to the development of the people of Sri Lanka as a friendly country. Today is ...

Sep 12, 2022 Posted by In Articles, eLanka news Tagged , , ,
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                  SRI LANKA NEWS (MARCH 2022) Compiled by Victor Melder Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) increased to 15.1 percent in February 2022 from 14.2 percent in January 2022, the Department of Census and Statistics reported Monday. The CCPI for all items for the month of February 2022 increased to 160.1 from 158.4 in January 2022. The Year on Year inflation of Food Group increased to 25.7 percent in February 2021 from 25.0 percent in January 2022 and the Year on Year inflation of Non Food Group increased to 10.1 percent in February 2021 from 9.2 percent in the previous month. For the month of February 2021, on year‐to‐year basis, contribution to inflation by food commodities was 8.23 percent and the contribution of Non Food items was 6.85 percent. The moving average inflation ...

Apr 2, 2022 Posted by In Articles, Victor Melder Tagged , , ,
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SRI LANKA NEWS (JANUARY 2022)Compiled by Victor Melder. Export earnings from rubber, coconut and cinnamon are on the verge of exceeding $ 4 billion, creating history by recording the highest annual income generated from these crops in a year, Plantation Industries Minister Dr. Ramesh Pathirana said. He also said that the Plantation Ministry was committed to make the tea industry a profitable industry in 2022. He said despite not being able to reach the target export earnings, tea crop was estimated to be 305 million kg in 2021. He outlined that the tea industry was a key export crop which contributed significantly to the national economy. “If we want to build up the economy, then we must strengthen the planters. The COVID pandemic and fertiliser problems have caused some setbacks in the industry. But, amidst all these problems, we are working to strengthen the smallholders who contribute to the national ...

Jan 31, 2022 Posted by In Articles, Victor Melder Tagged , , , , , , , , ,
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   SRI LANKA NEWS (NOVEMBER 2021) Compiled by Victor Melder According to Epidemiology Unit of the Health Ministry, 626 new COVID-19 cases were reported so far on Sunday. According to the Epidemiology Unit report at 8:30 pm Sunday, a total of 545,088 COVID-19 cases have been reported since the inception of the pandemic. While 16,049 infected patients are currently under medical care at hospitals and homes, 515,183 patients have fully recovered and been discharged from hospitals. Sri Lanka Sunday reported 15 deaths raising the total to 13,856. According to the Epidemiology Unit report, so far total of 15,796,673 people have received a first dose of COVID-19 vaccine and 13,577,829 have received the second dose. In addition, 54,031 have received the third booster dose. (Colombo Page, 7.11.2021) Foreign exchange reserves were measured at US$ 2,267.5 million by the end of October, down from US$ 2,704.2 million in September as the Central ...

Dec 1, 2021 Posted by In Articles, Victor Melder Tagged , , ,
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SRI LANKA NEWS (OCTOBER 2021) Compiled by Victor Melder. Sri Lanka has turned to China for more fuel purchases on long-term credit as the country continues to face serious issues in raising funds for oil imports. Sri Lanka was having discussions with China through the Chinese ambassador to purchase fuel for six months on a Sovereign Bond – the debt security issued by the Government to raise money for financing government programs.   Existing diesel and petrol purchase arrangements which end in November and January respectively, would be extended to buy fuel on credit for the next six months. The move comes after similar talks with Oman to seek credit for US dollars 3.6 billion to buy refined and crude oil. Minister Gammanpila said initial talks had been held during his recent visit to Oman and agreements needed to be finalised to obtain the facility.Sri Lanka is expecting a five-year grace ...

Oct 31, 2021 Posted by In Articles, Victor Melder Tagged ,
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