Getting out of a debt hole: Some advice for Sri Lanka’s establishment – by Aravinda Korala 4 th February 2022 As I write this article in January 2022, Sri Lanka has its back to the wall. There is a raging foreign exchange (forex) crisis with low levels of forex reserves held by the central bank, a significant monthly trade deficit with the external world, large foreign debt repayments due to be paid this year and for years to come, and no obvious way out of this crisis. The public debate hovers around whether the country should go to the IMF and restructure the debt, or perhaps borrow more from China and other Asian countries, or even default on the debt. None of these is attractive, but more importantly, none of these options will by themselves fix the long-term problem that Sri Lanka has. Any kind of new debt, or ...
Blog Archives
Home ⁄ Tag Archives: Sri Lanka (page 61)
OBITUARIES (E & O.E.) (FEBRUARY 2022) DIAZ, Hillary Darrel Anthony (10.01.1947 – 06.01.2022), husband of Padma Diaz, father of Rodney Diaz, Sabrina Diaz, Melissa Diaz (Melb) and Darren Diaz, father-in-law of Stefan Balthazaar (Melb), Manojini Fernando and Ranitha Fernando, grandfather of Raizel (Melb) and Shannon. (Contributed by Melissa Diaz Balthazaar) RAJIAH, Edward Samson (Sam), husband of Ranji (nee Paulraj), father of Jeremy, Angela and Michael Daniels, grandfather of Adrian & Amy and Johann in Sri Lanka on January 18, 2022, aged 97 years. – Ottakade estate, Bandarawela, Sri Lanka < jeremyrajiah@gmail.com >. (Contributed by S.Skandakumar)) EPHRAIMS, Stella, wife of Ivor (dec), mother and mother-in-law of Christine & Keith, Serena (dec) ,Ivor & Kirsten and Julianna & Brad, grandmother of Steven, Deanne & Alex, Kyle & Joel and Christie (UK) & Nisa, great grandmother of Mia, Aby and AJ. Brother of Vernon Potger (Tas), in Brisbane on December 2021. (‘Silverscene’, ...
Feb 28, 2022
Posted by eLanka admin In
Obituaries
Tagged M.M.P.Gunewardena, Patrick Rajaratnam, Sri Lanka, Tracy Peto
SRI LANKA NEWS (FEBRUARY 2022) Compiled by Victor Melder. Headline inflation increased to 14.2 per cent in January 2022 from 12.1 per cent in December 2021, says the Central Bank of Sri Lanka It is measured by the year-on-year change in the Colombo Consumer Price Index (CCPI, 2013=100), On an annual average basis, the CCPI increased to 6.9 per cent in January 2022 from 6.0 per cent in December 2021. Inflation was driven by monthly increases of prices of items in both food and non-food categories. Subsequently, food inflation increased to 25.0 per cent in January 2022 from 22.1 per cent in December 2021. Non-food inflation increased to 9.2 per cent in January 2022 from 7.5 per cent in December 2021, the CBSL adds. (Ceylon Today, 1.2.2022) Tourism Minister Prasanna Ranatunga today said that 82,327 tourists have arrived in the country in the first month of this year. “Between 2000 ...
Feb 28, 2022
Posted by eLanka admin In
Articles, Victor Melder
Tagged COVID-19 vaccines, Electricity Board, Energy Ministry, Minister Basil Rajapaksa, Minister Keheliya Rambukwella, Sri Lanka, Udaya Gammanpila
‘Ratnadeepa’ – Queen of Asia named largest natural corundum star sapphire cluster. Will it help to ease the present dollar crisis in Sri Lanka? – by by Dr Harold Gunatillake To visit Sri Lanka is to experience one of the great gem sources and trading centers in the world. This country has a rich, almost unparalleled tradition and remains vitally important to the modern gemstone market. Sri Lanka has a true mine-to-market industry, both domestically and for export. Its evolution over the last two decades blends the best of traditional practices with modern technologies and business models The little island named the pearl of the Indian ocean, is considered as one of the single important sources for fine gemstones. The most notable ones are the blue sapphire, pink sapphire or ruby, and yellow sapphire, alexandrite, and cat’s eye chrysoberyl, almandine and hessonite garnet among others. These gems are found in ...
Feb 28, 2022
Posted by eLanka admin In
Articles, Dr harold Gunatillake
Tagged gemstone, Kahawatte, Mr Thilak Weerasinghe, National Gem and Jewelry Authority, Ratnapura, Sri Lanka
Ishan, Shreyas fifties set up 62-run win for India Source:dailynews.lk Rohit Sharma-led Indian unit kicked-off the three-match T20I series against Sri Lanka with a handsome 62-run win in the series opener in Lucknow. Ishan Kishan and Shreyas Iyer were the architect behind India’s big win as the duo dictated the proceedings to help India post 199/2 in 20 overs. In response, Sri Lanka could only muster 137/6 in 20 overs After being invited to bat first Ishan and Rohit Sharma got the hosts off to a brilliant start as the pair added 111 runs for the opening wicket. Rohit was dismissed on 44 (32) by Lahiru Kumara in the final delivery of the 12th over, following which Shreyas Iyer joined Ishan in the middle. Ishan was dismissed on 89 (56) by Sri Lanka captain Dasun Shanaka. Iyer returned unbeaten on 57(28), while Jadeja scored 3 (4). Among the tourists Charith ...
Feb 26, 2022
Posted by eLanka admin In
Articles
Tagged Charith Asalanka, Dasun Shanaka, INDIA, Ishan Kishan, Rohit Sharma, Shreyas Iyer, Sri Lanka
Dilan Jayasekara – Emerging ICT Professional Of the Year 2022 – Nominee – Australian Computer Society Source:Dilan Jayasekara Linked In Extracted by eLanka – What an evening! – As Dilan Says……… It is an honour to be nominated for the Emerging ICT professional of the year award, and more honourable still to be an individual who migrated to Australia as an international student five years ago and making it this far. Feels amazing to know that the ACS recognises and supports the work I’ve been doing at work and outside of work – Best confidence booster ever! . These awards act as a critical platform to celebrate the evolution and growth within the IT industry, and I would like to acknowledge the other award nominees and winners yesterday evening, and their achievements and contributions. Huge shoutout to the ACS (Australian Computer Society)! . Plus, Dine along with the leading executives in the ...
Feb 25, 2022
Posted by eLanka admin In
Articles
Tagged ACS recognises, AJ Kulatunga, Emerging ICT Professional Of the Year 2022, Pitcher Partners, Sri Lanka
Queen recognises Sri Lankan charity founder with Commonwealth Points of Light award Source:island.lk Queen Elizabeth II, as Head of the Commonwealth, has recognised Deborah Edirisinghe, representing Sri Lanka, as the 211th Commonwealth Point of Light in honour of her exceptional voluntary service, supporting and caring for disadvantaged children, the British High Commission said yesterday. Debbie, aged 38, is the founder of ‘Child Action Lanka’, a network of children’s shelters based in the city of Kandy which cares for over 1,500 children. Deborah leads a team of 110 volunteers to deliver a holistic approach to care which targets the underlying causes of inequality and provides development that is sustainable and community-based. ‘Child Action Lanka’ offers housing and food, schooling and education resources, as well as counselling to ensure lower school dropout rates. The Points of Light awards recognise outstanding volunteers every day of the week – people whose service is making ...
Feb 25, 2022
Posted by eLanka admin In
Articles
Tagged Child Action Lanka, Commonwealth, Debbie Edirisinghe, President George H. W. Bush, Queen Elizabeth II, Sri Lanka
Hatthikucchi Viharaya – ruined ancient temple complex framed by rock boulders By Arundathie Abeysinghe Located in a spectacular setting, enclosed by rock boulders, Hatthikucchi Viharaya (Viharaya meaning temple in Sinhala), the ruined ancient temple complex is situated on the northern border of the North Western Province, approximately three kilometers from Padeniya – Anuradhapura (A28) road. Within an area of approximately 120 hectares, Hatthikuchchi Aramic complex is also referred as “Hastikuchchi”, “Hasti Kuchchi” and Rajanganaya Ruins. But the site is well-known as the location, the exiled *King Sirisangabo (251 – 253 AD) offered his head to a pheasant. ‘Hatthikucchi’ (meaning ‘Elephant Stomach’ in Pali), the Temple is thus named due to a large rock inside the Temple Complex which resembles an elephant. According to historical records, the Complex is considered to have been built by King Devanampiyatissa (307–267 BC) and is considered as one of the oldest Buddhist temple complexes ...
Feb 23, 2022
Posted by eLanka admin In
Articles, Arundathie Abeysinghe
Tagged Anuradhapura, Attanagalla, elephants visit, Hatthikucchi Viharaya, King Sirisangabo, Kurunegala, Padeniya, Rajangana Ruins, Sri Lanka, Temple Complex
Meeting of the Ceylon Society of Australia on Sunday, 27th February 2022 talk will be by Roderick de Sylva on “The Development of the Tea Industry in Sri Lanka” Members of CSA and guests are welcome to the Meeting of the Ceylon Society of Australia on Sunday, 27th February 2022 commencing at 6.30 pm at the Main Hall of the Pennant Hills Community Centre on Level 1, Ramsay Road, Pennant Hills, NSW 2120. Ramsay Road is off Yarrara Road and the Community Centre is opposite the Pennant Hills Railway Station. The entrance to the building is from the car park at the back of the building. The talk will be by Roderick de Sylva on “The Development of the Tea Industry in Sri Lanka”, followed by a Q&A. The meeting will conclude with the usual social with tea/coffee and some short eats. A donation to the CSA to help ...
Feb 22, 2022
Posted by eLanka admin In
Articles
Tagged Ceylon Society of Australia, Lipton Ceylon, Roderick de Sylva, Sri Lanka, Tea, Tea industry, Unilever Tea Divisions
Sri Lanka on the up again in world cricket – by Trevine Rodrigo Sri Lanka and the rest of the world have dawned on the realization that the Island nation are no quitters. Written off, and supposedly resigned to a clean sweep again, and against a sub par Australian line-up, the Lankans showed spirit and grit to reverse the tide leaving with a unlikely win in the final game throwing Win-Wiz and all betting agencies into turmoil. What is most pleasing is that the cricketing world is seeing a resurgence of Sri Lanka cricket which has deteriorated to a point of concern recently. Yes, they beat an unconcerned Australia who had already clinched the series and more, but from a Sri Lankan perspective, it was a small step towards getting back to the pedestal of world cricket where they were not so long ago. Dasun Shanaka is a revelation ...
Feb 22, 2022
Posted by eLanka admin In
Articles, Trevine Rodrigo
Tagged Aravinda de Silva, Dasun Shanaka, Dhananjaya De Silva, KUMAR SANGAKKARA, Mahela Jayawardena, Niroshan Dickwella, Sri Lanka, Sri Lanka Cricket, World champion
