Year: 2022

President justifies tax hikes amidst criticism

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President justifies tax hikes amidst criticism Says country will have to revert to an era of queues if revenue is not raised through direct tax increases Admits new tax measures are IMF recommendations, hence critical to secure international support to salvage SL economy Insists tax hikes not being taken wilfully but being done reluctantly Reveals SL lost Rs. 700 b due to wrong economic policies in the past Inflation rate increased to 70% since Rs. 2.3 t printed during the past two-and-a-half years Suggests tougher times ahead but reassures Govt. ready…

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Dutch FMO proposes $ 10 m investment in Sri Lanka seafood exporter

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Dutch FMO proposes $ 10 m investment in Sri Lanka seafood exporter Taprobane Seafoods’ 15 facilities mainly employ underprivileged women HANOI – Dutch impact investor FMO said it has proposed a $ 10 million investment in one of Sri Lanka’s leading seafood exporters, which mainly employs underprivileged women including war widows. Established in 2010, Taprobane Seafoods has one main processing facility and 14 smaller locations in the South Asian nation and employs over 2,000 people. Taprobane processes blue swimming crab and white-leg shrimp, which it began farming two years ago.…

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RTI Commission holds sessions in Jaffna on IDUAI Day

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RTI Commission holds sessions in Jaffna on IDUAI Day Jaffna GA Office 28 September 2022 RTI Commission holds sessions in Jaffna on IDUAI Day Marking the International Day for Universal Access to Info-rmation, on 28 September the Right to Information Commission of Sri Lanka held a series of discussions in collaboration with the District Secretariat of Jaffna, the Press Clubs of Jaffna, Mullaitivu and Kilinochchi and academics of the Northern Province on 28 and 29 September.  At the meeting at the District Secretariat of the Jaffna presided over by the…

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Clifford Chance and Lazard update to Lankan creditors on Friday

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Clifford Chance and Lazard update to Lankan creditors on Friday Clifford Chance and Lazard are inviting those interested for an update on Sri Lanka’s debt restructuring on Friday at 5.30 p.m. local time. This will be the first open engagement with creditors of Sri Lanka since the appointment of Clifford Chance and Lazard as legal and financial advisors respectively to the Government. To date, it had individual meetings with bilateral creditors. Sri Lanka in April suspended servicing of $ 47 billion external debt held by bilateral and private creditors as…

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Parliament passes resolution on ‘National Council’ without objection

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Parliament passes resolution on ‘National Council’ without objection The resolution proposed by the Prime Minister Dinesh Gunawardena to constitute the Parliament Committee called the “National Council” was passed in parliament yesterday without objection. National Council will consist of the Speaker of Parliament as the Chair, the Prime Minister, the Leader of the House of Parliament, the Leader of the Opposition in Parliament, the Chief Government Whip and not more than thirty-five Members of Parliament representing the Ninth Parliament from recognised Political Parties in Sri Lanka as determined by the Leaders…

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‘The Writing Was on The Wall’: Debt Distress and Ways Forward in Sri Lanka – Jayati Ghosh

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‘The Writing Was on The Wall’: Debt Distress and Ways Forward in Sri Lanka – Jayati Ghosh In the fourth in a series of talks organised by Polity magazine of the Social Scientists’ Association and the Women and Media Collective with feminist economists abroad to help us in Sri Lanka think through this economic crisis that we inhabit, and how best to respond to it in ways that take forward or at least protect the interests of classes and groups that are most marginalised, Professor Jayati Ghosh  spoke from New Delhi on 29…

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22nd Amendment and the determination of the Supreme Court.

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22nd Amendment and the determination of the Supreme Court.   The Island 13th 14th &15th of September. Three-part article.  Dr Jayampathy Wickramaratne,President’s Counsel  Part I: Removal of the PM The Twenty-Second Amendment to the Constitution Bill (22A) was showcased by the Wickremesinghe-Rajapaksa Government as a restoration of the Nineteenth Amendment to the Constitution (19A) of 2015. Most 19A provisions were removed by the Twentieth Amendment to the Constitution. Many, including the writer, have pointed out that not all the provisions of 19A are sought to be introduced by 22A. The…

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The Clarks Hotels and Resorts opens its first property in Sri Lanka

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The Clarks Hotels and Resorts opens its first property in Sri Lanka (Ceylon today 14th Sep 2022) The Clarks Hotels and Resorts strengthens its footprints in Sri Lanka by opening The Albatross Golf Resort in Kandy. They are aiming to promote the country to Indian travellers and take advantage of the growing Sri Lankan business and leisure travel market. The brand is aggressively looking for expansion in the neighbouring country by opening properties in different key locations in Sri Lanka, a spokesman said. The Albatross Golf Resort Digana, Kandy by…

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Asia Cup win is a huge boost for T20 World Cup, says Dasun

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Asia Cup win is a huge boost for T20 World Cup, says Dasun We are very happy to enter the final and win the Asia cup for which we were waiting for a long time said Sri Lanka skipper Dasun Shanaka after winning the sixth Asia Cup championship at the Dubai International cricket stadium. We had a plan and were ready to play against any opponent. After we lost the first match to Afghanistan we had a long chat and corrected our mistakes and played the next few games with…

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UNHRC chief urges GoSL to commence national dialogue

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UNHRC chief urges GoSL to commence national dialogue Acting UNHCHR Nada Al-Nashif presents report on SL Calls to advance human rights and combat impunity Notes fragile political and economic situ and troubling’ PTA use Proposes independent, transparent probe with int’l assistance on Easter attacks BY Mirudhula Thambiah United Nations (UN) Deputy High Commissioner for Human Rights (HCHR) and Acting HCHR , presenting the report on Sri Lanka’s human rights situation at the 51st UN Human Rights Council (UNHRC) yesterday (12) in Geneva, Switzerland, encouraged the new Government to embark on…

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