Fuel prices in India still higher than ours: CBSL Chief

The fuel price had to be increased again due to the exchange crisis but efforts are being made to control the supply of fuel through the move, said the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal. Such a move the outflow of foreign exchange will be controlled to some extent, he noted. The CBSL Governor also added that subsidies cannot be provided for fuel due to the exchange crisis and point out that despite allegations that fuel prices have been soared…

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Battling standardisation and Taylorism in education on the margins – The Island

How would a professional well respected at home feel in such a hostile environment? Material benefits alone without job satisfaction cannot make a professional happy and content. I know many of my medical colleagues working abroad are eagerly waiting to return home at the earliest opportunity, if the situation here is conducive. By Dr. Sarath Gamini De Silva (Motivational Speech Delivered at the Convocation of the Law Graduates of the University of Colombo on 19th December, 2021 at the BMICH.) I wholeheartedly congratulate the new graduates for completing your tertiary…

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WHO lists 10th Covid-19 vaccine for emergency use: Nuvaxovid

The World Health Organization issued an emergency use listing (EUL) for Nuvaxovid, following its assessment and approval by the European Medicines Agency (EMA) earlier today. The new vaccine was developed by Novavax and the Coalition for Epidemic Preparedness Innovations (CEPI), and is the originator product for the Covovax vaccine that received WHO emergency use listing on 17 December. Both vaccines are made using the same technologies. They require two doses and are stable at 2 to 8 °C refrigerated temperatures. On December 17, WHO approved the emergency use of the…

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Rev. Fr. Cyril Gamini questions whether government’s concealing truth behind Easter Carnage due to alleged involvement (VIDEO)

Reverend Father Cyril Gamini speaking to the briefing held in the House of the Archbishop today (21) questioned whether the truth behind the Easter Sunday Carnage is still being concealed after 32 months of its happening due to the alleged involvement of the President and the current government. Pointing out that what can be seen is an act of covering the truth up, Fr. Gamini added that it would be a question as to why there are no attempts being made to uncover the truth,…

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The social responsibility of a professional – The Island

How would a professional well respected at home feel in such a hostile environment? Material benefits alone without job satisfaction cannot make a professional happy and content. I know many of my medical colleagues working abroad are eagerly waiting to return home at the earliest opportunity, if the situation here is conducive. By Dr. Sarath Gamini De Silva (Motivational Speech Delivered at the Convocation of the Law Graduates of the University of Colombo on 19th December, 2021 at the BMICH.) I wholeheartedly congratulate the new graduates for completing your tertiary…

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Dullas says Fuel Price Formula can be useful, admits he mocked Mangala’s original idea

The fuel price had to be increased in response to the prevailing foreign reserve crisis, said Cabinet Spokesman and Mass Media Minister Dullas Alahapperuma, speaking to the briefing held today (21). The increase in fuel prices will have an impact of 03 per cent on the country’s inflation, the Minister added. An amount of US$350 – 400 million has to be spent every month on fuel imports leading to the rapid depletion of the country’s foreign reserves, Alahapperuma pointed out, adding that the need for…

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How to save Sri Lanka – The Island

UNP Deputy Leader Ruwan Wijewardene on Friday said that the Vistas of Prosperity and Splendour programme of the government had inflicted catastrophic changes, including the consumer culture of people during the past two years. Now they buy a pod of beans at Rs 15, a carrot at Rs 25, and a single kos madula (jak fruit bulb) at Rs 10. No longer can they afford to purchase vegetables in 250gram quantities as they used to. It is the Vistas of Prosperity programme that introduced this change. They have simply been…

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ADB-funded health sector enhancement project taints by irregularities

Sri Lanka’s ongoing Asian Development Bank (ADB)-funded Health Sector Enhancement Project (HSEP) progress has been slowed down by improper prioritisation of procurement, underutilisation of allocated funds and accountability issues, according to the Quarterly Progress Report submitted by the Health Ministry to the Finance Ministry. The outcome and the status of the US$ 60 million (Rs.12 billion) HSEP has been indicated in the Quarterly Progress Report for the Quarter – 1st of July to 30th September 2021. This amount comprising $37.5 million in concessionary loans, $12.5…

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Momentum with Dambulla but Jaffna remain favourites  – Lanka Premier League 2021 – Qualifier 2 – The Island

  by Roscoe Thattil Jaffna Kings have been the most consistent team throughout the LPL 2021but they found themselves wanting in the first qualifier when they were comprehensively beaten by the Galle Gladiators in Hamabantota. However, they will get a second chance to reach the final due to their consistency throughout the league phase as they meet Dambulla Giants in the second qualifier in Hambantota today(21). The Giants played their perfect game in the eliminator against the Colombo Stars on Sunday as their bowlers were impressive once again in restricting…

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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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