World crude oil prices decrease!

Crude oil prices have fallen in the world market due to the spread of the Omicron Covid variant. Accordingly, the price of a barrel of Brent crude oil at the end of yesterday was 71.52 US dollars, which is a decrease of 2.72%. The price of a barrel of American WTI crude oil was $ 68.23, and it showed a decrease of 3.71%. However, fuel prices in Sri Lanka were increased from midnight yesterday (20).   Thank you

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Indo-Lanka Accord, Thirteenth Amendment and the Tamil March of Folly

ByD.B.S.Jeyaraj Much concern is now being shown by political parties representing the minority (numerical) ethnicities of Sri Lanka over the 13th Amendment to the Constitution. As is well known it is the 13th Constitutional Amendment which ushered n a certain quantum of devolution to the country through the setting up of Provincial Councils. 13 A itself was due to the historic India-Sri Lanka agreement signed by Indian Prime Minister Rajiv Gandhi and Sri Lankan President Junius Richard Jayewardene on July 29th 1987. The Indo-Lanka Accord at that time brought an…

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Weaponising Buddhism: Will the Third Wave Be the Last?

“One day, I was in Kelaniya with the thero of Misisawetiya. Then you (Mahinda Rajapaksa) came like a lion. Misiawetiya Thero said, ‘Look there’s a lion coming.’ I said, ‘Not a lion. Mahinda Rajapaka is a culture. Mahinda Rajapkasa is a civilisation…” Medagoda Abeytissa Thero (Lanka News Web – 24.8.2020) Independent Sri Lanka experienced three waves of weaponsation of Buddhism. The first was when S.W.R.D. Bandaranaike embraced the Buddhist Commission Report. D.S. Senanayake had refused, on Constitutional grounds, a request by the All Ceylon Buddhist Congress (ACBC) to appoint a…

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Safer to Lend to Ethiopia than SL!

On Friday (17), Fitch Rating, an international credit rating agency, dual headquartered in London and New York, downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC,’ from ‘CCC’. Of the 124 countries ‘credit rated’ by Fitch, Sri Lanka stands right at the bottom at the 121st position and is the only economy with the unenviable credit rating of ‘CC’. A ‘CC’ rating stands ninth out of a total of 11 Fitch ratings in alphabetically descending order which means that the lower one goes in Fitch’s ratings lists, the…

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Some Political Roots Of Sri Lanka’s Economic Crisis

By Laksiri Fernando – Dr. Laksiri Fernando Sri Lanka is within a serious economic and political crisis which has been unprecedent in its recent history. While the Covid-19 pandemic worldwide has aggravated the situation, most of the root causes are within the country related to bad management of the economy, exports and imports, the trade balance, balance of payments, foreign and domestic loans, dollar-rupee value, consumer prices, and many other economic variables. Even if the management of key economic variables is not the sole responsibility of the politicians, the management of public economic policies…

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Rajapaksa rule began in 2005 should be held responsible for present crisis – Gayantha Karunatilake

Country is in a dire predicament Prorogation of Parliament not appropriate at this hour Ready to support Govt. to get out of this mess  Samagi Jana Balawegaya (SJB) MP Gayantha Karunatilake, in an interview with the Daily Mirror, responds to questions about the present economic plight of the country, prorogation of Parliament and the conduct of MPs in the House.  Q When talking about the current precarious situation of the country, some people blame the inefficiency of the government for it. The government, instead blames the pandemic. What are your views…

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Sinking external finances: The myth of an Indian rescue

Sri Lanka is heading for a potential default, and the greater concern is whether it would be a disorganized default, which might happen when the government runs out of its temporary measures of liquidity infusion It is not clear how Sri Lanka would pay up US$ 6.9 billion of foreign loan payments next year. The Indian calculations of geopolitical leverage, a key concern for every Indian commentator, would also be temporary The government has so far resisted the calls, including by its own ranks, to go to the International Monetary…

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Global Tamil Forum says US sanctions a ‘message’ to SL

BY Pamodi Waravita  The Global Tamil Forum (GTF) has called on the Government of Sri Lanka to reflect on recent messages conveyed by the US and the wider international community through the newly imposed sanctions by the US State Department on two former Sri Lankan Army officials. “Sri Lanka is in the midst of many crises. The trajectory it is heading – increasing authoritarianism and militarised governance; further marginalisation of Tamil, Muslim, Hindu, and Christian communities; and the debilitating financial crisis and the economic challenges engulfing the people – has…

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Govt. should understand the message given by Uni students: Omalpe Sobitha Thero

Ven. Dr. Omalpe Sobhitha Thero says the government should understand the message displayed recently by the graduates of the University of Colombo. Speaking to reporters in Embilipitiya, he said that the steps taken by the academics receiving their degrees during a convocation ceremony at the Colombo University is being praised by the intelligent people as an extremely exemplary and noble deed. He said that through their action the academics of the university have well demonstrated the courage and self-respect as academics, scholars and intellectuals. “We saw that the process of…

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Indiscipline and disaster

President Gotabaya Rajapaksa, addressing a group of officers who passed out at the Sri Lanka Military Academy, Diyatalawa, over the weekend, waxed eloquent on discipline, which he called the highest virtue in the life of a military officer. He also said optimism, self-confidence and trust in his or her team were prerequisites for the success of a leader. While agreeing with him on this score, one may add that the success of any leader also hinges on his or her ability to enforce discipline at all levels of the organisation…

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Opposition Leader condemns continuous imprisonment of former MP Ranjan Ramanayake

Despite numerous occasions in which the President was requested to release former MP Ranjan Ramanayake and the Inter-Parliament Union’s stance on releasing him based on nine key points, the former MP is still imprisoned, said Leader of the Opposition Sajith Premadasa today (20). The Opposition Leader made this observation following his visit to the Welikada Prison to see Ramanayake this morning. Pointing out that the former MP is spending a prison sentence for neither theft nor misconduct, Premadasa reminded that Ramanayake was a person who…

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A request – The Island

Of everybody I have known, Nihal has taken the longest time dying. As far as I recall, he first announced his impending death 50 years ago. I thought he would make it to his father’s 90 years, but he fell short by two. Regardless of the time consumed, his life was a life well-lived. He spent his early years as a Lake House employee at the family home in Wattala, where he was a neighbour of his Ananda schoolmate, my cousin, Asoka Gunasekara. Big Brother, Dr. Viranga Tissa, was a reputed medicine-man who…

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Composition of Litro LP gas printed on cylinders from today

The general public should not have any undue fear when using liquefied petroleum gas, says the Litro Gas Limited Chairman, Theshara Jayasinghe. He also noted that there is no change in the composition of Litro’s LP gas, adding that steps have been taken to obtain recommendations from foreign experts in this regard. The remarks of the Litro chairman came during a media briefing organised by the Presidential Media Centre earlier today (December 20). President’s Media Spokesman Kingsly Rathnayake moderated the media briefing. Though certain groups have suggested that the cause…

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IMF can’t intervene in rescheduling international sovereign bonds; SJB disagrees – The Island

By Shamindra Ferdinando Former outspoken Minister D. E. W. Gunasekera says the unprecedented crisis faced by cash-strapped Sri Lanka in meeting its external debt obligations in 2022 and 2023 cannot be solved by seeking IMF intervention. The government has ignored repeated calls by various parties, both in and out of Parliament, to seek IMF intervention as it is aware the IMF is not in a position to intervene as close to half of the country’s external debt obligations were to the international money market, one-time General Secretary of the Communist…

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GMOA to launch islandwide strike action from tomorrow

The Government Medical Officers Association (GMOA) said it would be launching an islandwide strike action from 8 am tomorrow (21), based on seven demands, including resolving issues regarding the granting of post-internship appointments. The GMOA is still on strike in five districts today, alleging that the Health Secretary has acted arbitrarily in granting post-internship appointments. MIAP Thank you

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Delta, Omicron can combine to make a super strain, experts say – The Island

By Shamindra Ferdinando Former outspoken Minister D. E. W. Gunasekera says the unprecedented crisis faced by cash-strapped Sri Lanka in meeting its external debt obligations in 2022 and 2023 cannot be solved by seeking IMF intervention. The government has ignored repeated calls by various parties, both in and out of Parliament, to seek IMF intervention as it is aware the IMF is not in a position to intervene as close to half of the country’s external debt obligations were to the international money market, one-time General Secretary of the Communist…

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