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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President never asked me to quit: PM

Prime Minister Mahinda Rajapaksa said today that President Gotabaya Rajapaksa had never asked him to step down and he was sure he would never do so. He said the government would take steps to rebuild the nation even by obtaining foreign aids. “The International Monetary Fund (IMF) has agreed to provide us with required funds when we explained them the situation in our country. Finance Minister Ali Sabry throve in that area. I discussed with the officials who left for IMF talks. The IMF has kept faith on us. However,…

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Governance Comes to a Standstill in Sri Lanka With President Gotabaya and Premier Mahinda Stubbornly Remaining in Office Despite Public Pressure While Ruling Coalition Gets Fragmented and MP’s are divided in their loyalties between the two brothers.

By Meera Srinivasan The Rajapaksa administration has lost public confidence, going by citizens’ persistent calls for the resignation of President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and their government. However, neither of the ruling brothers appears inclined to step down, and Mr. Gotabaya’s move appointing a new Cabinet, without three other Rajapaksas [two of his brothers and a nephew], has made little difference to the protesters. They continue agitating day after day, near the sea–facing Presidential Secretariat and outside the Prime Minister’s official and private homes, braving the scorching sun,…

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MPs who were Shameless Lackeys of the Rajapaksa Regime and Voted for 20 A are now ……..

By Prof. Asoka N.I. Ekanayaka Nothing is more ludicrous and laughable than desperate government politicians who voted for the monstrous 20th amendment like Charitha Herath and Alahaperuma, now proposing that the Prime Minister and cabinet (but strangely not the President!) should resign with the formation of an all party coalition government of some kind in order to save the country. One wonders whether these men might fancy being in such a dubious interim administration. How dare such failed politicians make such preposterous suggestions, who have themselves during the past two…

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Is the Medamulana “House of Rajapaksa” Falling Down, Falling Down?

By D.B.S.Jeyaraj “London Bridge is falling down, Falling down, falling down. London Bridge is falling down, My fair lady.” – Nursery Rhyme When Basil Rohana Rajapaksa was in a rn in as Finance Minister by his brother President Gotabaya Rajapaksa in July 2021, the appointment grabbed the attention of the world’s influential media. It was seen as an illustrative example of a single family enjoying a monopoly of political power in a democratic country. “In Sri Lanka , the Government Looks Increasingly like a Family Firm” was the heading of…

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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 envoy holds talks with Tamil parties in Jaffna

The US Ambassador to Sri Lanka Julie Chung had talks with Tamil political parties based in Jaffna. The Ambassador tweeted saying she had talks with the Tamil National Alliance (TNA), TELO, PLOTE and TNPA. She said the talks focused on the current crisis and its impact on their constituents. Ambassador Julie Chung tweeted saying the only way to solve today’s challenges is for everyone to work together and to ensure the interests of all Sri Lankans are represented in the solution. During her visit to Jaffna, the US Ambassador also met the…

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U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin

United States Congressman Steven Horsford expressing his awareness of the financial calamity and bankruptcy situation faced by Sri Lanka declared that he was well aware that a single family in authority in Sri Lankan affairs was largely responsible for it, and disclosed that he was initiating a Congressional investigation to ascertain who was responsible for fleecing Sri Lankan resources that led to the current unfortunate situation. It was disclosed that such probe comes within the US Federal legal jurisdiction. Horsford revealed that he would be in consultation with US Congressman…

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JVP demands President’s resignation

By Saman Indrajith JVP Leader Anura Kumara Dissanayake yesterday demanded the resignation of President Gotabaya Rajapaksa as no political solution could be found for the present crisis, as long as the incumbent remained in power. Addressing the media at the party headquarters, in Pelawatte, Dissanayake said that various political parties, civil and religious organisations and professional bodies had suggested solutions. “It is the President who has powers to dissolve Parliament. Even if we pass a motion, in Parliament, and refer it to the President, it is he who has those powers. Any form of administration,…

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Vasu alleges SJB’s role in Basil’s plan to save Mahinda and govt.

By Shamindra Ferdinando Close on the heels of Pivithuru Hela Urumaya (PHU) leader MP Udaya Gammanpila’s declaration that the SLPP rebels and the SJB had the required strength to move a No-Confidence Motion (NCM) against the government, fellow rebel lawmaker Vasudeva Nanayakkara has accused the SJB of trying to save the incumbent dispensation.  The General Secretary of the Democratic Left Front (DLF) Nanayakkara yesterday (26) told a hastily arranged media briefing, at his Maradana office, how the SJB and Opposition Leader Sajith Premadasa had cooperated with the SLPP strongman Basil Rajapaksa to…

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Fitch places 12 Lankan NBFIs on Rating Watch Negative

Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The entities are: Finance and Leasing Companies: Bimputh Finance PLC (Bimputh) CBC Finance LTD (CBCF) Central Finance Company PLC (CF) Fintrex Finance Limited (Fintrex) HNB Finance PLC (HNBF) LB Finance PLC (LB) Mercantile Investments and Finance PLC (MIF) People’s Leasing & Finance PLC (PLC) Sarvodaya Development Finance Limited (SDF) Senkadagala Finance PLC (Senka) Siyapatha Finance PLC (Siyapatha) Securities Firm: Asia Securities (Pvt) Ltd (ASPL) The RWN reflects heightened downside…

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Ten SLPP MPs complain of threats

Ten SLPP MPs yesterday (26) claimed they were being subjected to threats by certain persons, following their proposals to the President on overcoming the current economic crisis.  They indirectly warned that, they will take a decision ‘according to their conscience’ if a common agreement is not reached on the solutions they presented to the President, the PM and several parties in the Government.

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SL facing risk of becoming the country with highest inflation rate: Ruwan

Sri Lanka is facing the risk of becoming the country with the highest inflation rate, UNP Deputy Leader Ruwan Wijewardene said yesterday. Speaking during a meeting held at his office in Union place, Mr. Wijewardene said Sri Lanka is currently the nation with third highest inflation rate in the world as per the global inflation index. “Only Zimbabwe and Lebanon are higher than Sri Lanka. Sri Lanka is running a risk of reaching the top of the index,” Mr. Wijewardene said. “It is expected that the price of a gas…

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Life After Death of the Rajapaksa Conglomerate

No, they have not been eradicated as yet. But they will; if not this month or even this year then, sadly, in time. The end Mahinda will stop his pathetic posturing and accept that his sell by date is long past as the majority of Sri Lankans are no longer are susceptible to his false charm, or die in disgrace. Gotabaya grasps that it’s personally more dangerous for him to stay rather than go. The revolving cabinet and other Rajapaksa hangers-on will try to escape down every alleyway after Mahinda…

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Withdrawal of bribery cases against 13 Rajapaksa family and their allies raises eyebrows

Wakista said that it is misleading to say that cases have not been re-filed Cases are being openly withdrawn without fear or shame Amongst the 19 cases, 13 are against the Rajapaksa family The case against Rohitha Abeygunawardena will be filed soon Startling accusations have come to the fore alleging that the two Commission members of the Commission to Investigate Allegations of Bribery or Corruption- Justice (Rtd) Deepali Wijesundera and Chandra Nimal Wakista- have taken all steps to impede the ongoing / withdrawn bribery cases of selected ruling party members and…

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