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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