Month: August 2022

‘IMF has spoken diplomatically about minimising corruption in Sri Lanka’

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‘IMF has spoken diplomatically about minimising corruption in Sri Lanka’ Public appeal for economic reforms at an all-time high : economist By Sanath Nanayakkare It is time for Sri Lanka to make a series of economic decisions with important consequences, and making state owned enterprises (SOEs) directly accountable to the people rather than politicians is key among them, Shanta Devarajan, a professor of the Practice of Development at Georgetown University said on Saturday . “Economic reforms in Sri Lanka used to be a solitary concern weighing on the mind of the…

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Exclusive-Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis-sources

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Exclusive-Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis-sources (SWI Swissinfo.ch August 26, 2022 – 02:17) By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) – Japan is seeking to organise a Sri Lanka creditors’ conference, hoping it could help solve the South Asia nation’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said. Tokyo is open to hosting talks among all the creditor nations aimed at lifting Colombo from its worst debt crisis since independence, but it is not…

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Sri Lanka Under-19 chase 273 to win

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SPORTS Sri Lanka Under-19 chase 273 to win Rex Clementine in Chelmsford There’s much to like about Essex County Cricket ground. It may not have the aura of Lord’s, history of The Oval or character of Headingley, but Chelmsford has its own beauties. A ten minute walk from the train station, an underground tunnel has been built by the side of river Chelmer to give easy access to the ground. As  you approach the tunnel, you see people of all age groups rowing boats with an eye on cricket. Once…

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Committee on Public Finance new Chief Harsha promises transparency; holds first meeting

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Committee on Public Finance new Chief Harsha promises transparency; holds first meeting The first Committee meeting of the Committee on Public Finance (COPF) for the Third Session of the Ninth Parliament was held yesterday under the chairmanship of SJB MP Dr. Harsha de Silva. In accordance with the Standing Order 121, the Committee of Selection appointed Dr. de Silva as the Chairman of the Committee recently. The Committee considered and approved the Appropriation (Amendment) Bill to amend the Appropriation Act No. 30 of 2021. Furthermore, the Social Security Contribution Levy…

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Remittances continue to crash

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Remittances continue to crash Worker remittances, Sri Lanka’s largest foreign-exchange earner, posted a decline, for the 14th consecutive month in July this year, as migrant workers only sent home USD 279.5 million during the month, down 38.3 per cent from USD 453.3 million a year earlier. According to data released by the Central Bank of Sri Lanka (CBSL), during the first seven months of this year, migrant workers sent home USD 1,889.4 million, down 50 per cent from USD 3,777.6 million sent during the same period last year. In June this…

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Why a Chinese ship’s arrival in Sri Lanka has caused alarm in India and the West

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Why a Chinese ship’s arrival in Sri Lanka has caused alarm in India and the West August 19, 202211:01 AM ET Lauren Frayer npr COLOMBO, Sri Lanka — It all began 20 years ago, when China loaned Sri Lanka more than $1 billion to build a fancy new port — what would become its second-largest — on its southern coast. The Hambantota port, with its strategic location near busy Indian Ocean shipping routes, was touted as good for Sri Lankan commerce. But it wasn’t profitable, and the government defaulted on…

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Police fire tear gas to disperse the protest; Wasantha Mudalige arrested 

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Police fire tear gas to disperse the protest; Wasantha Mudalige arrested  AFP: Sri Lanka Police fired tear gas and water cannon on a small protest yesterday to break up the first demonstration since the crisis-hit island nation lifted a state of emergency. This year, an unprecedented economic collapse has often sparked massive anti-Government rallies after months of hardship caused by shortages of essential goods, rolling blackouts and spiralling inflation. The Government has curbed dissent by imposing a State of Emergency giving security forces sweeping detention powers, but the ordinance lapsed overnight.…

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Sri Lanka to woo greater number of Indian tourists

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The island is preparing new packages such as the Murugan-Shiva Shakthi trails The Hindu T. Ramakrishnanan Sri Lanka’s tourism officials, conscious of the dire need to shore up their country’s economy, plan to woo a greater number of Indian tourists, who constitute the single largest segment of foreign tourists, through new packages such as the Murugan-Shiva Shakthi trails. Their optimism stems from the fact that there is a proposal to resume air passenger services from the Palaly airport in Jaffna to destinations in the southern part of India. As part…

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Govt. begins search for duty-free operators for Jaffna International Airport

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Govt. begins search for duty-free operators for Jaffna International Airport Proposals sought from reputed, experienced local firms   Pre-bid meeting slated for 2 September No flights yet at Northern airport despite Cabinet nod to operate from 1 July By Charumini de Silva The Government has kicked off the search for reputed and competent local firms to operate core duty-free shops at Jaffna International Airport (JIA), to revamp its facilities before scheduled flights resume operations. Airport and Aviation Services (Sri Lanka) Ltd. has called for proposals under national competitive bidding from reputed…

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New coach Mubarak optimistic as Sri Lanka youth embark on English tour

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New coach Mubarak optimistic as Sri Lanka youth embark on English tour A new chapter is set to commence for the Sri Lanka Under-19 cricket team as they embark on a journey under the guidance of the newly appointed head coach Jehan Mubarak. His tenure will begin with a challenging tour to England. Mubarak, who comes in with a wealth of experience as a coach at school level, believes that the squad that is selected has the ability to do well in England. The 18-member squad that has been selected…

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