CENTRAL BANK BANS THE INWARD AND OUTWARD REMITTANCES FROM ILLEGAL CHANNELS

The Central Bank has taken new measures to improve the domestic foreign exchange market to present forex liquidity in local banks . Finance Ministry will issue a new gazette notification under the Import and Export Control Act, making all payments on imports to Sri Lanka through a banking system compulsory, says the Central Bank Governor. Dr. Nandalal Weerasinghe Addressing a special media briefing on Friday 29 , Dr. Nandalal Weerasinghe said several measures will be taken by the Finance Ministry and the Central Bank to curb the transactions in foreign…

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SRI LANKA INFLATION INCREASES TO 29.8% IN APRIL

Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 29.8% in April 2022 from 18.7% in March 2022.  The Central Bank said this increase in YoY inflation was driven by the monthly increases of both Food and Non-Food categories. Subsequently, Food inflation (YoY) increased to 46.6% in April 2022 from 30.2% in March 2022, while Non-Food inflation (YoY) increased to 22.0% in April 2022 from 13.4% in March 2022. Monthly change of CCPI recorded at 9.25% in April 2022 due…

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Recent cases of threats to journalists and HR defenders: CPA launches report

By Anissa Sameer The Centre for Policy Alternatives (CPA), in collaboration with the Free Media Movement (FMM), launched a trilingual research report entitled “Human Rights and Democracy, Threats to Journalists, HR Defenders and Civil Society 2022” at an event at Hotel Janaki, 7 April.  The report is a result of a six-month project which emphasises the necessity and importance of freedom of speech and expression, and the right to information through responsible journalism, and analyses 24 recent cases of threats to media freedom and human rights. The event was opened…

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Need of the hour for Sri Lanka: The ‘MPH Formula of Singapore

By Praying Mantis It is often said that in the 1940s and 50s, Singapore was way behind Sri Lanka in all respects. Lawlessness and crime were rife in Singapore and corruption were at the highest level. There were ghettos everywhere in that country. Sri Lanka on the other hand, was a real paradise with a populace that was surging forward in many aspects of life. Several decades later, today, Singapore is a proud member of the First World whereas Sri Lanka has sunk into a spiral of descent into the…

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Did GR agree to form a new interim govt under new PM in SLFP meeting?

Former President Maithripala Sirisena today said President Gotabaya Rajapaksa had agreed to form an interim government under a new Prime Minister for a short period, but this was denied by senior officials in the President’s office who attended the meeting. The senior official told Daily Mirror that when the matter of an interim government was discussed with the President, Gotabaya Rajapaksa had requested the SLFPers to submit their proposals for one and show their numbers in Parliament. The President had informed them that if the SLFP had the numbers they…

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Gotabaya Rajapaksa has failed miserably. Forcing Gotabaya to go is the immediate issue.

As the chief executive of the country, elected to provide strong and decisive leadership Gotabaya Rajapaksa has failed miserably. Forcing Gotabaya to go is the immediate issue. Once he is gone Parliament can act to install a head of state and an interim government which will bring in the necessary reforms Posted by Administrator on 29 April 2022, 2:22 amhttps://www.facebook.com/plugins/like.php?app_id=&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Df27dd1981fcbbd4%26domain%3Ddbsjeyaraj.com%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fdbsjeyaraj.com%252Ff285c83d19977b%26relation%3Dparent.parent&container_width=730&font=arial&href=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2Farchives%2F77228&locale=en_US&ref=above-post&sdk=joey&share=true&show_faces=true&width=325 By Dr.Paikiasothy Saravanamuttu The situation in the country is one of dynamism as well as stalemate. Dynamism on account of the determination, creativity and resilience of the Gotagogama demonstrators, the extension of their…

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Government Brutalities Against Protesters

By Sunil J. Wimalawansa – Prof Sunil J. Wimalawansa Part 4: Sri Lanka—Changing Pillows to Cure Headaches: Government Brutalities Against Protesters  Govt. Brutality Against Civilians—Parallelism Between Covid Mismanagement And Current Protesters This protest is a natural, non-political uprising. This natural movement is against the government’s wrongdoings, especially corruption and blatantly wrong policy decisions made from the grassroots: they have the right to do so. Govt intimidations must not deter protesters One of the main goals of the new puppet cabinet is to find ways to dismiss protesters at any cost to save their position and power (if…

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Sri Lanka: Typical Propaganda By A Corrupt Nefarious Regime!

By Lionel Bopage – Dr. Lionel Bopage There is nothing new in the propaganda and psychological warfare activities that have been launched against protest movements and political opponents in Sri Lanka for demonising and isolating those movements from the ordinary people prior to suppressing them. Given this unpalatable political fact, any analysis of the current situation in Sri Lanka has to start from the following factual positions. 1. The regime is corrupt, incompetent and devoid of political legitimacy. They are driven by personal and family agendas of embezzlement and aggrandisement, rather than…

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US issues demonstration alert ahead of May Day rallies in Colombo

The US Embassy in Sri Lanka has issued a “demonstration alert” ahead of the May Day rallies to be held in Colombo. The Embassy said that several demonstrations and marches are planned in and around Colombo on Sunday, May 1, 2022, to protest the economic situation in the country. “The demonstrations are likely to make travel to/from/within Colombo more difficult and cause road closures and traffic congestion throughout the day,” the Embassy said. The US Embassy is aware of the following demonstrations, but there are additional protests planned throughout Sri…

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Tamil Nadu Chief Minister moves resolution to assist Sri Lanka

The Tamil Nadu Assembly today adopted a unanimous resolution urging the Union Government to consider the state government’s request immediately to send humanitarian assistance worth Rs 123 crore including rice, life-saving drugs and milk powder for children to the people of Sri Lanka who are now suffering due to the economic crisis.   “The Tamil Nadu government cannot send the aid directly to the people of Lanka. It can be done only with the permission of the Union government and through the Indian embassy in Sri Lanka. I have placed…

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Nine out of 10 Sri Lankans want Rajapaksa family out of politics

Nine out of 10 Sri Lankans hold the opinion that Prime Minister Mahinda Rajapaksa should resign and that the Rajapaksa family should leave Sri Lankan politics. The Confidence in Democratic Governance Index (Wave 2) conducted by Social Indicator (SI), the survey research arm of the Centre for Policy Alternatives (CPA) found that 87% support the demand that President Gotabaya Rajapaksa should resign. “Therefore the survey clearly indicates that in people’s minds the Rajapaksa’s have no role to play in solving the crisis and removing them is seen as the way…

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Dissidents day of destiny with GR today

Dissidents agree to Presidential meeting on condition PM, Cabinet Ministers would not be present Claim they have support of over 50 SLPP MPs Discussion to focus on all-party Government mooted by the group Will press for PM/Cabinet resignation ahead of new arrangement SJB, JVP say no to power sharing with President in office Leaders  of the SLPP dissident group of MPs will meet with President Gotabaya Rajapaksa this morning to discuss the all-party Government proposal. The group decided to attend the meeting on condition that neither Prime Minister Mahinda Rajapaksa…

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7 THINGS YOU SHOULD KNOW ABOUT GOTAGOGAMA

By Janani Vithanage Sri Lanka, internationally known as the Pearl of the Indian Ocean, is currently in crisis. The poor management of those in power had plunged the entire nation into (literally) dark times. Island-wide power cuts, often mile-long queues for basic commodities like fuel, gas and even milk powder, not to mention the soaring prices of other everyday food items, have made life extremely difficult for the common Sri Lankan. However, in the midst of all this chaos, something new and beautiful has emerged; all around our paradise isle,…

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Public protests in many areas demanding President’s resignation

Public protests were held in several areas across Sri Lanka today calling on the President and the government to resign immediately.  Public protests have been staged in a  number of areas, including the Matara, Kurunegala, Kandy, Anuradhapura, Chilaw, Kegalle, and Gampaha areas, as well as the Free Trade Zones in Katunayake and Koggala. Nearly 1000 protests have been staged in several cities across the country today causing traffic congestion.  A large number of people are reported to have participated in the public protests that were held in the Matara, Kurunegala,…

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Court order against MP Shanakiyan

Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam says he has been prohibited from attending any anti-government protests for a period of two weeks MP said that the Police handed him an order from Kaluwanchikudy Magistrate to refrain from attending any anti-government protests for 14 days from tomorrow (29). “As per the court order, protests should not be staged by me, and people affiliated to me should not attend protests that will cause damages to public property,” MP Shanakiyan Rasamanickam said.  Stating that the order does not tell not to do…

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Sri Lanka president agreeable “in principle” to all-party govt after PM, cabinet resign: report

ECONOMYNEXT –  Sri Lanka President Gotabaya Rajapaksa has given his consent “in principle” to an all-party government to be appointed upon the resignation of Prime Minister Mahinda Rajapaksa and the cabinet, a private broadcaster reported on Wednesday (27). According to the privately owned NewsFirst network, a statement from the president’s office which has yet to be publicised has said the president plans to meet leaders of parties and independent groups that represent parliament on Friday (29) at 10.30am. “As a solution to the crisis facing the country right now, I…

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Sri Lanka’s Tamil National Alliance still undecided on no confidence motion

ECONOMYNEXT – Sri Lanka’s Tamil  National Alliance (TNA) is still undecided on a proposed no confidence motion (NCM) against the government, apprehensive that the premiership will be retained by the ruling Sri Lanka Podujana Peramuna (SLPP) or will otherwise go to a person who supported the 20th amendment to the constitution, an TNA MP said. TNA parliamentarian M A Sumanthiran told EconomyNext Wednesday (27) morning that the party will arrive at a decision once there is clarity. “We don’t know what will happen after the NCM. We don’t want to…

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1,000+ unions to go on strike in Sri Lanka on April 28 demanding govt resignation

BY CHANKA JAYASINGHE ECONOMYNEXT – Over 1,000 trade unions in Sri Lanka across multiple sectors have planned a massive island-wide one-day token strike for Thursday (28) in support of the ongoing wave of protests against the government, a spokesman for a union alliance said. Convenor of the collective of unions Ravi Kumudesh told reporters that the campaign aims to pressure the government to resign. Unions representing ports, railway, petroleum, health, banking and education sectors will take part in the strike, he said. Protests have erupted islandwide against the government and…

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Who Cares About The People?

ECONOMYNEXT – Sri Lanka’s Tamil  National Alliance (TNA) is still undecided on a proposed no confidence motion (NCM) against the government, apprehensive that the premiership will be retained by the ruling Sri Lanka Podujana Peramuna (SLPP) or will otherwise go to a person who supported the 20th amendment to the constitution, an TNA MP said. TNA parliamentarian M A Sumanthiran told EconomyNext Wednesday (27) morning that the party will arrive at a decision once there is clarity. “We don’t know what will happen after the NCM. We don’t want to…

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The popularity of President Gotabaya Rajapaksa has collapsed

The popularity of President Gotabaya Rajapaksa has collapsed, especially among women, the poor, urban and Sinhala adults, IHP Sri Lanka Opinion Tracker Survey (SLOTS) revealed. SLOTS is run by the Institute for Health Policy (IHP) and the lead investigator is Dr. Ravi Rannan-Eliya. “At the Institute for Health Policy (IHP), we have been tracking favourability of several institutions and political personalities since last year. The past two months has seen substantial declines in favourability of all politicians. This has affected politicians in both government, such as the President or Prime…

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