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Sri Lanka is determined to repay $3 billion in foreign loans by 2027, as planned – By Dr Harold Gunatillake Hello Readers, I have thoroughly researched the repayment of our debts, which is expected to reach 93.4 billion USD by June 2024, as planned for 2027. The reason for this optimism is the projected total annual income for the year 2024, which is as follows: Foreign Employment: Approximately $7 billion *Exporting Manufactured Goods: Around $12.1 billion Tea Sales: Estimated at $1.24 billion Tourism Industry: Roughly $4 billion Other Dollar Cash Flows: Various sources contribute an additional $2 billion. *Major exports include tea, coffee, gemstones, coconut, rubber, and herbal Ayurvedic products. World-famous Sri Lanka also exports crops like cinnamon, ilmenite, graphite, phosphate, karanda Mungu, cloves, nutmeg, and information technology related to work. Achieving a remarkable annual income of $26.34 billion highlights our significant financial success and growth potential. Total Annual Expenditure ...

Dec 15, 2024 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , ,
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Lankan Fest 2023: EXPLORE A CULTURE OF WONDERS RIVERSIDE AT FED SQUARE MEDIA RELEASE: 24 OCTOBER 2023 River Terrace at Fed Square will be brimming with Sri Lankan atmosphere on Saturday 25 November from 9.00 am onwards with Lankan Fest 2023 supported by the Victorian Multicultural Commission and the City of Melbourne. The sights, sounds and spectacular dance moves of this exotic ‘Culture of Wonders’ emanating from a land often called the Pearl of the Indian Ocean – Sri Lanka – visitors will experience a cultural explosion of ethnic diversity right in the heart of Melbourne overlooking the Yarra River. Exotic cuisine, cultural dance, entertainment, and a touch of Sri Lanka will be on display with Melburnians invited to taste the magic of this tiny island nation and its own rich, ethnic diversity at our city’s cultural and community heart – Fed Square. Featuring a variety of Sri Lankan food, ...

Oct 24, 2023 Posted by In Articles Tagged , , , , , , , , , , , , , , ,
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Sri Lanka’s Projection  – By Dr Harold Gunatillake Transcript: *Asia’s ticking debt bomb: Sri Lanka crisis sounds alarm bells across the region- headlines Nikkei Asia. *Basilur Tea opens an exclusive outlet at Bandaranaike International Airport. Fuel queues-where are they? Trishaw drivers push their vehicles as they move up in line to buy fuel in Colombo, Sri Lanka, in July. Such queues at the petrol stations have disappeared after the QR code system for obtaining fuel was introduced. After introducing the QR code, fuel usage has dropped, and the Bowser owners who do not get hired to transport fuel stand at a loss of revenue. “As reported by the Central Bank (CB), US$600 million had been spent on importing fuel monthly, and it had come down to US$230 million. It is a commendable decision taken by the government to uplift the economy. Basilur Tea opens an exclusive outlet at Bandaranaike International ...

Oct 4, 2022 Posted by In Articles, Dr harold Gunatillake Tagged , , , ,
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Kaleidoscope with Savithri Rodrigo 123 16 Sept 22 Hello and Happy Friday to you. Today on Kaleidoscope  – there’s talk of respectful workplaces, tea to go, a nomadic existence, a spunky entrepreneur, large negronis, a king’s name, markets in focus & lots more. Enjoy,  And don’t forget the speedreading gift we have for you. ...

Sep 16, 2022 Posted by In Articles, Savithri Rodrigo Tagged , , ,
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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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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 In Articles Tagged , , , , , ,
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