Posts Categorized: Economy

MP Charles: Mahaweli Project J Zone

by Sri Lanka MP Charles Nirmalanathan, TrendReport.lk, May 29, 2023 [Translated from Tamil by Google Translate with minor edits — Editor] “The Mahavali Project is a long-term strategy to destroy the ethnic heritage of the Tamils, settle the Sinhalese population, and make the Tamils ethnically non-existent,” Charles MP charged. He also warned about Sinhalese immigration… Read more »

IMF-supported EFF program Press Briefing for Sri Lanka

by International Monetary Fund, Washington, DC, March 21, 2023 Video of press briefing at IMF Videos – Press Briefing on the IMF Executive Board Approval of the Extended Fund Facility (EFF) Arrangement for Sri Lanka Staff country report, March 20, 2023 T R A N S C R I P T MS. YAN: Thank you… Read more »

Canadian MP Gary Anandasangaree on IMF Bailout of Sri Lanka

by Liberal MP Gary Anandasangaree, Ottawa, Canada, March 21, 2023 https://www.youtube.com/live/bVp5wnT83mo?feature=share On Parliament Hill, Liberal MP Gary Anandasangaree discusses the International Monetary Fund’s bailout program for Sri Lanka to help bolster the country’s struggling economy. He is joined by Ahrabi Rajkumar (advocacy lead for People for Equality and Relief in Sri Lanka), Madura Rasaratnam (associate… Read more »

IMF Approves Sri Lanka’s $2.9bn Bailout

by Agence-France Press in The Guardian, UK, March 20, 2023 President vows to get economy back on track through ‘prudent fiscal management and ambitious reform agenda’ The International Monetary Fund has approved Sri Lanka’s request for a $2.9bn bailout, raising hopes for an easing of its economic crisis. The IMF’s board confirmed it had signed… Read more »

Why Is South Asia’s Finest Natural Harbor Still Undeveloped?

by P.K. Balachandran, Eurasia Review, Oregon, USA, February 27, 2023 While the Trincomalee port’s intrinsic value is well-known, its exploitation has been stymied by a variety of factors   The natural endowments and the strategic value of Trincomalee port have been well-known for long time. Yet, to date, very little concrete has been done to… Read more »

No Power Cuts and No Elections?

by A, Nillanthan, February 25, 2023 [translated from the original Tamil by Google Translate, with some improvement by the Editor.] The power cuts have been stopped since the 16th, but the electricity bill has increased by 66 percent. What does the government want to convey to the people through this? Stopping power cuts means you… Read more »

Report on Norochcholai Power Plant

A dark side by Centre for Strategic Studies, Trincomalee, February 2023 The Power Plant  The Lakvijaya Power Plant, also known as the Norochcholai Power plant, is situated in Norochcholai, Puttalam in the Northwestern province of Sri Lanka, at the southern end of Kalpitiya peninsula. It is the largest thermal power plant in Sri Lanka. The… Read more »

Sri Lanka’s Duplicity on Promises to India

by Transnational Government of Tamil Eelam via EINPresswire, New York, January 26, 2023 “History Repeats Itself First as a Tragedy, then as a Farce”. “Indo-Lanka Accord and Implementation of the 36 years old 13th Amendment.” Indo-Lanka Accord Gives India the Legal Authority to Intervene.” — V. Rudrakumaran NEW YORK, UNITED STATES, January 26, 2023 /EINPresswire.com/… Read more »

India’s Timely Help Ensured Sri Lanka’s Economic Survival during Crisis

:Sri Lankan envoy Moragoda by Suhasini Haidar, The Hindu, Chennai, January 26, 2023 India’s support to Sri Lanka during its economic crisis, that External Affairs Minister (EAM) S. Jaishankar underlined during his visit to Colombo last week has opened a new chapter in ties between the neighbours, says Sri Lankan High Commissioner to India Milinda Moragoda…. Read more »

Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better

After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons. by Mujib Mashal & Skandha Gunasekara, New York Times, January 31, 2023 Reporting from Ibbagamuwa, in Sri Lanka’s North Western Province, and Colombo, the capital. On the surface, calm has returned to Sri Lanka since the South… Read more »

Spotlight on Puttalam

Aussie company buys Lankan ilmenite deposit for a pittance by Daily Mirror, Colombo, December 20,2022 The Sri Lanka Cement Corporation owned factories in Kankesanthurai, Puttalam and Galle. The factories in Puttalam and Galle were sold in 1993. The factory in Kankesanthurai didn’t operate due to the war. Although the Puttalam Cement Factory was sold the… Read more »

Conflict Forced Them From Their Homes

Now the Military Is Occupying Their Land “Future looks bleak. Unless the Tamils get their lost land back, the Tamil areas would soon be colonised by Sinhalese.” by Jeevan Ravindran & Kumanan Kanapathippillai, VICE, New York, January 16, 2023 JAFFNA, Sri Lanka:  Using a bat made of coconut tree bark, 15-year-old Gunasekaram Shatheeskumar was playing… Read more »

Structures of Tamil Eelam

by Tamil Eelam Economic Development Organisation, 1997 தமிழீழ உட்கட்டுமானம் ‘Structures of Tamil Eelam’ in Tamil A plan for infrastructure development in the North East. Published by World Organization of the LTTE

Hedge Funds Holding Up Vital Debt Relief

for crisis-hit Sri Lanka, warn economists by Larry, Elliot, The Guardian, UK, January 8, 2023 Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardball Some of the world’s most powerful hedge funds and other investors… Read more »

Uprooting People from the Land

Land Grabbing: Current Status and Trends in Sri Lanka by Sri Lanka Nature Group & People’s Alliance for Right to Land – PARL, June 2012 Uprooting People from the Land Land Grabbing Current Status 2012 Abstract This study was carried out to determine the present status and trends of land grabbing in Sri Lanka. The… Read more »