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SRI LANKA NEEDS LESS NUMBER OF POLITICIANS AND MORE NUMBER OF TECHNOLOGISTS – by N.S.Venkataraman There are rumours that Sri Lankan Prime Minister   Ranil Wickremesinghe  had to take over the finance portfolio also, since no member of Sri Lankan parliament was willing to take up this challenge of managing the country’s  finance.  Instead of looking at the scenario in  such negative manner, it would be appropriate to think that Prime Minister taking over the finance portfolio also is a progressive step , as the finance portfolio requires the maximum attention at this stage. While the Sri Lankan government is negotiating with IMF to get financial assistance , it appears that the decision of IMF is yet to be taken firmly.  Meanwhile, Sri Lankan government approached the World Bank and it is said that the World Bank ruled out any new assistance to Sri Lanka , until an adequate macro economic ...

May 28, 2022 Posted by In Articles Tagged , , , , , , , ,
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News In Sri Lanka – by Dr harold Gunatillake   Website: doctorharold.com Transcript: Bringing the most important latest news to your doorstep “If the ongoing protests diminish through fatigue and fail to monitor Wickremasinghe, Lanka’s fall into the abyss will not only be inevitable but extremely painful as well”. Sasanka Perera-Professor of Sociology and Dean of Social Sciences at South Asian University, New Delhi. In his first interview since taking office, Mr Wickremesinghe told the BBC he would ensure families get three meals a day. Appealing to the world for more financial help, he said, “there won’t be a hunger crisis; we will find food”. The new PM described the Sri Lankan economy as “broken”, but he said his message to Sri Lankans was to “be patient; I will bring things back”. Sri Lanka’s political and socio-economic disaster turned into deadly combat between the progovernment thugs with the backing of Mahinda ...

May 20, 2022 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , , , , , , , , , , ,
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Port City Colombo to become a gateway to South Asia Parliament passes bill establishing Special Economic Zone to enhance ease of doing business Source:-prnewswire.com COLOMBO, Sri Lanka, May 27, 2021 /PRNewswire/ — The newly reclaimed land of 269 hectares in the heart of the Colombo Business District in Sri Lanka has been identified as a Special Economic Zone (SEZ) by the Sri Lankan Parliament, paving the way for the creation of an International Business and Multi Services hub for South Asia called the Port City Colombo. The Colombo Port City Economic Commission Bill sets a stable policy environment and an efficient framework of administrative processes. The bill significantly enhances ease of doing business through a single window facilitation, streamlined arbitration mechanism and globally benchmarked incentives.  Slated as the ‘Gateway to South Asia‘, the project is a Public Private Partnership between the Government of Sri Lanka and project company CHEC Port City Colombo. Port City Colombo is situated alongside the Port ...

Jul 5, 2021 Posted by In Articles, elanka Finance Tagged , , , ,
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Behold those copious tears shed for democracy-BY RAJPAL ABEYNAYAKE Source:Sundayobserver Karu Jayasuriya’s comments about the pillars of democracy being assailed by the present government has a plantation Raj era flavour to it. Failing planters were used to oppressing labour and the minor staff in the tea estates in that waning era of the post-independence plantation economy. Justice was not their strong suit. They rode roughshod over the labour force, and meted out unjust punishment, physically and verbally abusing hapless labourers. ...

Dec 25, 2020 Posted by In Articles Tagged , ,
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