By Safrah Fazal in The Morning, Dec 12, 2022Amidst discussions pertaining to Local Government (LG) elections in March next year, the Sri Lanka Podujana Peramuna (SLPP) met with nine constituent parties last Saturday (10) on preliminary discussions into plans on regrouping and facing future elections. Speaking to the media following the meeting, SLPP MP Namal Rajapaksa stated that discussions mainly centred on how the SLPP can rebuild as an alliance in the face of future…
Posts tagged as “Sri Lanka”
By Siochana Ramiah Mohan in Ceylon Today, Dec 10, 2022The Government of Sri Lanka (GoSL) has still to pay USD 554.33 million or RMB Yuan 673.43 to the developers of the Hambantota Port, China Harbour Engineering Company (CHEC) through Exim Bank of China and the loan servicing is being carried out by the General Treasury. On the question of what the SLPA’s 15 per cent stake, in money terms, earned annually under the leasing agreement,…
by (Darshana Sanjeewa Balasuriya in Daily Mirror online, Dec 10, 2022The US has imposed sanction on another Sri Lankan military officer, Major Prabath Bulathwatte who was arrested on suspicion that he had assisted in the abduction and torture of senior Sri Lankan journalist Keith Noyahr in 2008. The US took this action on Friday on the occasion of International Anti-Corruption Day and on the eve of International Human Rights Day as part of its actions…
Report in The Island, Dec 10, 2022The IMF could finalise Sri Lanka’s financing package within three weeks of the country’s main bilateral creditors formally informing the IMF that they would help Sri Lanka restructure its debt, Governor of the Central Bank, Dr. Nandalal Weerasinghe, said on Thursday appearing on a TV programme. Dr. Weerasinghe said that Sri Lanka had already provided adequate information to the country’s main bilateral creditors and they were in a position…
report in The Daily FT, Dec 9, 2022President Ranil Wickremesinghe yesterday called on the Parliament to form a Select Committee to investigate monetary and fiscal policy failures that led to sovereign default on foreign debt and economy to bankruptcy. “If the House agrees I can appoint a Presidential Commission of Inquiry,” he told the House joining the debate on 2023 Budget. “Otherwise have a Select Committee. The Parliament has powers to do that. You all…
report on EconomyNext online, Dec 7, 2022 at 3:49 pmECONOMYNEXT – Sri Lanka businesses are facing a drain of talent, top business executives said as the country suffers the worst flexible exchange rate crisis in the history of its intermediate regime central bank and people lose hope. “We are seeing a trend towards migrating,” Krishan Balendra, Chairman of Sri Lanka’s John Keells Holdings told an economic policy forum organized by the Ceylon Chamber of Commerce.…
Sri Lanka Podujana Peramuna (SLPP) made fresh engagements with Prime Minister Dinesh Gunawardane on the next Cabinet reshuffle expected after the final vote of the budget in Parliament today, Daily Mirror learns. A group of SLPP MPs held talks with the Prime Minister on Tuesday evening regarding a host of matters including the Cabinet reshuffle with the inclusion of new faces . The party initially proposed portfolios for ten of its MPs. The party made…
By Buddhika Samaraweera in The Morning, Dec 8, 2022Claiming that the shortage of pharmaceutical drugs and other medical supplies is growing more severe by the day, the All-Ceylon Nurses’ Union (ACNU) stated that the number of patients suffering from conditions such as diabetes, high blood pressure, heart and kidney diseases, asthma, and cancer due to not receiving proper treatment has now increased, but that the deaths associated with the conditions are not recorded as having…
The gulf between the government and the Tamil parties has only widened in the recent pastby P K Balachandran in Daily Mirror, Dec 7, 2022Sri Lankan President Ranil Wickremesinghe will be meeting the Tamil parties of the Northern and Eastern Provinces on December 11 to find a solution to the longstanding Tamil issue. But the chances of a solution emerging look extremely dim given the fact that the gulf between the government and the Tamils…
By Shamindra Ferdinando in The Island, Dec 6, 2022President Ranil Wickremesinghe will appoint 12 new Cabinet ministers soon after the final vote on his maiden budget, according to sources. The vote is scheduled to be held on 08 Dec. Sources say that the SLPP has recommended ministerial portfolios for 10 of its members whereas UNP National List MP Wajira Abeywardena and SLFP’s Duminda Dissanayake, too, are expected to receive Cabinet positions. Abeywardena is the only…
report in The Morning, , Dec 6, 2022President Ranil Wickremesinghe, addressing the inauguration of the Sri Lanka Economic Summit yesterday (5) in Colombo, said that China has requested Sri Lanka to speak to the Export-Import (Exim) Bank of China in connection with ongoing debt restructuring process for the purpose of accessing the International Monetary Fund’s (IMF) bailout programme. He reiterated that Sri Lanka has commenced debt restructuring talks with China. The President also noted that…