‘Colonialism has not ended. It has taken only another form: financial’ Part 1 of the financial loan of 2.7 billion the IMF has pledged for the 17th time to Sri Lanka was released last March. The delay in releasing the second tranche of the loan was due to the failure of the Government of Sri Lanka (GoSL) to satisfy the agreed policy requirements. However, the IMF released the second tranche a week ago but demanded that the SL government strengthe
The government is going to pass next month the Online Safety Bill which provoked controversy and a wide debate few months ago due to its apparent crude repressive nature. In fact it was a Bill originally drafted apparently with questionable faith professing to be good faith. So many sections of the original Bill seemed to be threatening the freedom of expression. The Bill, in its perambulatory clause said that it is an Act to establish the Onli
Sri Lanka’s relationship with Israel has been unique. In the past 75 years as an independent nation, Sri Lanka has recognised, derecognized and again recognised Israel, guided by ever changing ideological, geopolitical and domestic factors. But in contrast to Sri Lanka, Israel has been consistent: It has always wanted good relations with Sri Lanka and has helped Sri Lanka whenever its help was sought, irrespective of the official status of the
Spiritual revelation says that when we bear each other’s burdens, we will fulfill the law of the Truth. We need to deeply ponder on this insight as we consider how and in what way we could assist in the vital area of poverty alleviation. According to the United Nations, this issue should be based on the theme “Decent Work and Social Protection: Putting Dignity in Practice for All”. The world body says, the International Day for the Eradication o
It is a truth universally acknowledged that if Sri Lanka under-performs on its governance corrections, it will underperform on its economic recovery as well (with apologies to Jane Austen); the first provides the foundation for the second. Sri Lanka secured IMF board approval for the second tranche of the current IMF programme exactly 102 days after the scheduled date for the first review. It is not normal for a second tranche to be so delayed, a
The country is totally relying on the International Monetary Fund (IMF) led programme for recovery from the unprecedented economic crisis that was created by the leaders who for the past several decades promised to the people a paradise on earth. Despite the successful recovery being still in the balance, the economic reforms that are being implemented under the IMF programme have already started to bite especially the poor and the vulnerable. Th
The Global Tamil Forum, a twice-banned diaspora organization, has reportedly received a warm reception during their recent visit to Sri Lanka. They’ve arrived with a delegation of Buddhist monks to present the Himalaya Declaration. While their meetings with the President, religious figures, and civil leaders have caused concerns in certain sectors, there haven’t been direct attacks or confrontations reported. These receptions might suggest a pote
Last week saw two important events in respect of reconciliation among various communities in Sri Lanka. In one of them, several members of the Global Tamil Forum (GTF), a group from the Tamil diaspora and a group of leading Buddhist monks, met President Ranil Wickremesinghe and the Mahanayake Theras of the Malwatta and Asgiriya Chapters on December 8, and handed over a document called “Himalaya Declaration.”
The season of Christmas with all its attendant festivities is with us. Yet our country is broke. Some among us like to think that we have recovered from our national bankruptcy, pointing out that we now have reserves and that international financial agencies are willing to offer us credit. But the fact of the matter is, we have not even started to repay our outstanding debts.
With Sri Lanka’s 2024 budget being approved by Parliament yesterday, the International Monetary Fund (IMF) is likely to give approval to its second tranche of a USD 3 billion bailout package, after which the country’s economy is likely to stabilize. President Ranil Wickremesinghe has handled the economic crisis with skill, but the Government of the Sri Lanka Podujana Peramuna (SLPP) is badly split with different fractions expressing different vi
The world is celebrating 75 years of human rights at this point of time, and its timely to look back and reflect on how Sri Lanka has fared in a subject which promises a better and righteous society. From the time Sri Lanka received independence from the British, many avenues were opened for the downtrodden masses to educate themselves and hold high positions in society and even in government establishments. Before that such positions and the be
Auction yields slump for third consecutive week
Moody’s raises Sri Lanka’s rating
ASPI crosses the 15,000 mark for the first time
Moody’s raises Sri Lanka’s rating
Wayside bandits haunt people travelling Malabe-Ambathale road in Colombo
Probe underway as child dies after surgery at J’Pura hospital
Over 370 jumbos perish in 2024