Month: August 2022

Pro-’Aragalaya’ Scottish woman being probed, passport confiscated

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Pro-’Aragalaya’ Scottish woman being probed, passport confiscated Accused of defaming SL internationally Aragalaya priest Fr. Jeewantha files FR YouTuber Ratta granted bail IUSF alleges ‘white van’ abduction First man to storm Secretariat remanded (BY Ruwani Fonseka and Dinitha Rathnayake – The Morning) The Sri Lanka Police has launched an investigation into a Scottish woman who was residing in Sri Lanka, named Kayleigh Fraser and better known by her social media name Kayz Fraser, for being actively involved in the “aragalaya” movement centred around Galle Face, through which she has allegedly brought disrepute…

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Constitutional reform and economic downturn

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Constitutional reform and economic downturn Media reports say that the draft 22nd Amendment (21st Amendment if enacted) is to be debated in the Cabinet today. They also claim that the current draft is different from the 22nd Amendment prepared under the instructions of former President Gotabaya Rajapaksa. Interestingly, both drafts were prepared by the same Justice Minister and he who justified the earlier draft will also explain the basis for the new draft as well. It is ironic that the Gotabaya Rajapaksa government that enacted the 20th Amendment in October…

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Sri Lanka private credit negative in June 2022, Rs 189 bn printed

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Sri Lanka private credit negative in June 2022, Rs 189bn printed ECONOMYNEXT – Sri Lanka’s credit from commercial banks to private borrowers fell 21 billion rupees in June 2022 with dollar denominated loans falling, while 189 billion rupees had been printed by the central bank official data showed, as forex shortages continued to persist. Credit to private sector from rupee banking units went by 16 billion rupees to 6,959 billion rupees, while dollar denominated loans fell from 794.6 billion rupees to 738.1 billion rupees. Sri Lanka is facing steep inflation…

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