USD 3.8 bn in six months Sri Lanka would be in a far more difficult situation if not for financial assistance provided by the government of India, JVP leader Anura Kumara Dissanayake told ‘Hiru’ on Monday (17) night. Dissanayake compared the assistance provided to the tune of USD 3.8 bn, within 6 months, with USD […]

Violence cannot be justified, under any circumstances. Therefore, the practice of referring to the JVP bids to topple the governments of the late Mrs. Sirimavo Bandaranaike (April 1971) and JRJ and Ranasinghe Premadasa (1987-1990) as southern insurrections should be stopped. The armed forces and police defeated the JVP and LTTE terrorism. Several other Tamil terrorist […]

By Shamindra Ferdinando Foreign Minister Ali Sabry has reiterated that a handful of persons who advised President Gotabaya Rajapaksa caused the unprecedented economic meltdown. Sabry has alleged that politicians, officials, public sector as well as the trade unions are responsible for the crisis. The Minister said so in response to ‘Hiru’ anchor Chamuditha Samarawickrema seeking […]

by Goolbai Gunasekara The political scene changes from day to day….indeed from hour to hour it seems. Here are some thoughts on subjects being discussed among people like me who have no influence in politics but have plenty to say on the bizarre events that have shown a rich vein of eccentricity running through the […]

"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."

That means authorities we should not talk about debt restructuring parameters

CBSL Chief Weerasinghe said on Monday that Sri Lanka had no practice of revealing IMF programmes.

Basically there is a limit to what can be shared with the public or parliament

Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]

By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...

Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]

British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]

By Sanath Nanayakkare There is still possibility for Sri Lanka to arrive at a staff level agreement with the International Monetary Fund (IMF) by August 2022 to qualify for an extended fund facility, but the new government will need to demonstrate its ability to implement the required policies within an agreed upon time frame.” the […]

President goes to Maldives

As protein prices soared with money printing and currency collapse, Koreans developed army base stew from leftovers