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Witchcraft practitioner ‘Gnanakka’ says she has never benefitted from politicians

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Sri Lankan witchcraft practitioner Gnanawathi Jayasuriya aka ‘Gnana Meniyo’ or ‘Gnanakka’ calling in what it appeared to be her very first press conference yesterday (22) said she has never benefitted from politicians, nor has she ever gained a single rupee from them.

Jayasuriya, who claims herself to be gifted with the possession of Goddess Paththini, a Hindu deity, denied the allegations levelled against her involving leaders of the government.

“People who come to me – I am very happy on one hand – talk in a wonderful way, saying that they will build a new house for me and not to worry. Those who called me were not those engaged in politics, but the innocent people who come to me. I am a mother who strongly stood up, no matter what people say. Have I ever gained a single rupee from any politician, I am ready to submit myself before any law. I have never benefitted from any politician. May they be brought before me and questioned, I have never. Nor do I need such a thing. I am a human who stood up with much effort,” she said.

Contradictory to her denial on the allegation of having affairs with high-profile political figures in the country, Jayasuriya did acknowledge that politicians pay occasional visits to her monastery for spiritual advice and that she ‘does not‘ remember what she had talked with the politicians she had encountered, for the talks always carried out between the Goddess herself and the politicians.

Jayasuriya’s high-level political affiliations have recently been exposed to media and the unrest provoked by the May 09 assault also led to the burning of her house.

MIAP

10 more Cabinet Ministers to be sworn in today

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10 more Cabinet Ministers are to be sworn in today (23) at 10 am, sources said.

Accordingly, SLFP MP Mahinda Amaraweera, Leader of the EPDP Douglas Devanand, Secretary General of the Ceylon Labour Congress Jeewan Thondaman and several other SLPP MPs are to be sworn in as Cabinet Ministers today.

As of now, the total number of Cabinet Ministers sworn in is 13. Accordingly, today’s appointments will be increasing the number up to 23.

MIAP

Showers expected in several provinces and districts today

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Showers will occur at times in Western and Sabaragamuwa provinces and in Nuwara-Eliya, Kandy, Galle and Matara districts. Several spells of showers will occur in North-western province, the Department of Meteorology said in a statement today (23).

Mainly fair weather will prevail elsewhere.

Strong winds about 40 kmph can be expected at times over the western slope of the central hills, Northern, North-Central and North-Western provinces and in Hambantota and Trincomalee districts.

Marine weather:

Several spells of showers will occur in the sea areas off the coast extending from Chilaw to Hambantota via Colombo and Galle.

Winds will be south-westerly and wind speed will be (30-40) kmph. Wind speed can increase up to (50-55) kmph in the sea areas off the coast extending from Puttalam to Trincomalee via Kankasanturai and Hambanthota to Pottuvil.

The sea areas off the coast extending from Puttalam to Trincomalee via Kankasanturai and Hambanthota to Pottuvil will be rough at times. The other sea areas around the island will be moderate.

GCE Ordinary Level exams commence today

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The G.C.E. Ordinary Level examinations commence today (23) at 3,844 examination centres islandwide, the Department of Examinations said.

Accordingly, 517,496 eligible candidates are sitting for the OLs exams this year, with 407,129 school candidates and 110,367 private applicants.

The examinations will be held till June 01, 2022.

All candidates are requested to arrive early at their designated examination centres with their admission and valid identity cards.

Despite the ongoing economic crisis and shortages of essential commodities in the island, the examinations will be held without any shortage.

MIAP

CEYPETCO Chief resigns!

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Sumith Wijesinghe has decided to tender resignation to his post as the Chairman of the Ceylon Petroleum Corporation (CEYPETCO).

Accordingly, he has handed over his letter of resignation to the President.

MIAP

CB to crack down on foreign currency holders

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In a desperate move to preserve foreign currency, the Central Bank has restricted the holding of foreign cash by the public to US$10,000 from $15,000 with effect from August, Central Bank Governor Dr. Nandalal Weerasinghe divulged.

Addressing a media conference on Thursday convened to brief monetary policy decisions, he noted that law enforcement authorities have been directed to take stern legal action against persons holding foreign currency for illicit transactions or keeping it in their possession for over three months.

Foreign currency holders are to be given a grace period and after the expiry of the due date they will be required to deposit the money in a public or private bank.

Measures will be taken to seize foreign currency notes in excess of the stipulated limit under Sri Lanka’s foreign exchange law, he said adding that two such seizures had been made for charges of illicit transactions. Many people were holding currency notes at home and also in bank vaults, he said.

He categorically stated that he has changed his mind of resigning from the post of CB Governor as there was a progress in the path towards political stability with the appointment of a new Prime Minister.

He had made this statement at a press conference on May 11 regarding the socio political instability and his intension to resign if the situation continues with political uncertainty.

Dr. Weerasinghe expressed the belief that he will be able to work more successfully under the present setup.

The country’s inflation is expected to rise to 40 per cent in the next couple of months due to supply-side pressures, he said, adding that measures have been taken to control demand-side inflation.

On Wednesday, Sri Lanka – for the first time – defaulted payment on international bonds. The Governor pointed out that Sri Lanka is in pre-emptive default adding that the country has no ability to repay until debt restructuring.

The Central Bank will be using necessary tools available including injecting liquidity to stabilise interest rates which have doubled the current policy interest rates and to restrict imports to save much needed foreign exchange, Dr. Weerasinghe said.

Deposit margins on letters of credit (LC) will be introduced to curtail imports making it compulsory for non-essential commodity importers to pay money upfront and in advance to open LCs, he added.

The Central Bank has decided to intervene with the aim of stabilising interest rates, he said adding that they will not hesitate to use instruments at their disposal to stabilise the interest rates.

At the Treasury bill auction on Wednesday, the monetary authority rejected most of the bids in which the market rate increased to over 24 per cent, he said, adding that this practice will be continued until the interest rates moderate

Importers to stop food imports over strict dollar restrict rules

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Sri Lanka is about to face a severe essential food crisis following the imminent decline in the importation of commodities like rice, sugar, dhal, chickpeas, coriander and other lentils etc as a result of the ban on imports via open account payment terms, essential food commodity importers and traders complained.

This catastrophic situation erupted due to the dollar crisis coupled with a socio-political calamity and indirect restrictions of the government by banning open account imports has become an unbearable stumbling block for food commodity importers, they pointed out.

The open account payment terms was a method frequently used by importers to bring down essential food commodities bypassing the formal banking channels due to procedural delays and dollar shortage, they pointed out.

This method has been followed by food commodity importers for urgent imports specially when there was sudden shortage of essential food item from a long time even before the dollar crisis, a leading commodity importer said.

The Finance Ministry issued a gazette notification with necessary guidelines recently banning the imports using open account payment terms with effect from May 20.

The Central bank recently announced that around 25 per cent of the country’s imports (US$1.6-1.8 billion dollars a month) were carried out by using open accounts and over 12 per cent through documents against payment (DP) terms and documents against acceptance (DA) terms.

The aim of banning the open account system which was in operation for a long period is to make all payments on imports to Sri Lanka through a banking system compulsory for local importers, it added.

An open account transaction is a sale where the goods are shipped and delivered before payment is due providing an advantage for the importer in terms of cash flow and cost and the extension of credit by the seller to the buyer is more common abroad.

The goods, together with all the necessary documents, are shipped directly to the importer who has agreed to pay the exporter’s invoice at a specified date under this method.

Sri Lanka imports around $200 million of food a month including onions, potatoes, sprats, lentils and cereals and rice to meet the needs of consumers.

The clampdown on the dollar buying from markets, open account food imports and forcing Pettah traders to open Letters of Credit (LCs) or set Customs authorities to crack down on food importers who do not fully settle bills through official channels will be creating an unprecedented food shortage within the next two months, traders said.

The noted that this will also create an unbearable price hike of food items until the authorities take remedial measures they added.

Before the dollar crisis, importers used to make payments for their overseas supplier’s via dollar transactions from banks and sometimes buying dollars from the market at a higher rate for emergency imports and delays in bank transactions,

P.M. Abeysekera, Consultant of Essential Food Commodities Importers and Traders Association said that several leading importers use open accounts for the importation of essential food commodities based on their relationships with suppliers.

This system is being used frequently in recent times as there is limited foreign exchange available to fund letters of credit (LCs), he disclosed

France Japan and India step in to tackle SL medicine shortage

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Sri Lanka’s health care system is close to collapse, under President Gotabaya Rajapaksa’s government of system change which instigated the island nation’s worst economic crisis triggred by dollar scarcity.

Shortage of vital drugs affected the public health system and some procedures and tests have been suspended, official sources said.

The lack of foreign exchange has left President Gotabaya Rajapaksa’s government unable to import essentials including medicines and fuel, causing severe power cuts and bringing thousands of protesters on to the streets demanding his ouster.

New administration headed by Prime Minister Ranil Wickremasinghe took up the respsonsibility to put the house in order in a mission impossible taking prpompt action to canvas foreign donor countries and international financial agencies to help the country overcome fuel food snf medicing shortage.

Responding to SL Prime Minister’s clarion call France , japan and india have stepped into to bring at least a temporary relief to the medicine shortage in such a difficult time.

The French Government has donated a stock of medicine worth of euro 300,000 (around Rs. 115 million) following the request made by the Government of Sri Lanka.

France expressed its goodwill to assist Sri Lanka at this moment as the country’s health service is in a serious crisis with shortages of drugs and essential items amid the worsening economic situation.

This stock of medicine worth around 300,000 euros arrived in Sri Lanka by SriLankan Airlines during the weekend. Ambassador of France to Sri Lanka Eric Lavertu will handed over the medicine to the Sri Lankan health authorities upon its arrival.

The Government of Japan is giving essential medicines to Sri Lanka through UNICEF to meet the urgent needs of the most vulnerable population as the country grapples with shortages due to an economic crisis.

The contribution of US$ 1.5 million will enable UNICEF to procure medicines for over 1.2 million people, among them 53,000 pregnant mothers and nearly 122,000 children in immediate need.

The medicines will be distributed to health facilities across Sri Lanka in coordination with the Ministry of Health,.Charge d’ Affaires ad interim of Japan to Sri Lanka. Katsuki Kotaro said adding that , this USD 1.5 million emergency grant will be used to procure most urgently needed 25 types of medicines within the next two months through UNICEF.

Meanwhile, a large humanitarian grant assistance consignment worth more than SLR 2 billion from the people of India is scheduled reached Colombo on Sunday 22, 2022.

The consignment, which consists of 9,000 MT of rice, 50 MT of milk powder and more than 25 MT of drugs and other medical supplies, was handed over by Indian High Commissioner Gopal Baglay to the senior leadership of Government of Sri Lanka.

The consignment was flagged off from Chennai port by Thiru M.K Stalin, Chief Minister of Tamil Nadu on May 18, 2022.

This is the first incoming consignment under a larger commitment of 40,000 MT of rice, 500 MT of milk powder and medicines by Government of Tamil Nadu. This commitment translates to more than SLR 5.5 billion

China to play positive role in easing SL debt amidst India’s massive relief

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China has softened its stance on massive debt resturing of Sri Lanka stating that it stands ready to play a constructive role in its steady economic and social development in the wake of India’s attitude of helping its neighbor, political analysts said.

China has avoided joining the London Club of government lenders, the forum for negotiating debt cuts.

Now instead of restructuring, China has offered a US$ 1 billion loan to repay loans already taken from it, plus US$ 1.5 billion as credit for buying goods from China.

China turned a sort of blind eye for what Sri Lanka urgently needed while being a close ally of Sri Lanka for decades, they said, adding that the Chinese response to repayment and revamping of debts was far from satisfactory.
Given the current crisis situation,

Sri Lanka now increasingly depends on its northern neighbor India for basic stuff like fuel, medicine, and food items.

India has already extended credit lines and currency swaps worth over $3 billion to Sri Lanka in order to help it come out of this economic mess. New Delhi also continues to defer seeking repayment of at least $2 billion in dues owed through the Asian Clearing Union.

The outpouring of support for Sri Lanka among common Indians is apart from the economic assistance by Government of India which has been to the tune of around US$ 3.5 billion since January this year.

An Indian ship with urgent relief supplies like rice, medicines and milk powder for the people of crisis-hit Sri Lanka, worth more than SLR 2 billion, reached Colombo on Sunday 22.

Sri Lanka owes $7 billion this year to Chinese banks and other lenders but suspended payment April 13 while it talks with the IMF. The government also owes $25 billion, or about half its total, to private sector bond investors.

China fully relates to the difficulties and challenges facing Sri Lanka and stands ready to play a constructive role in its steady economic and social development,” Chinese Foreign Ministry Spokesperson, Mr. Wang Wenbin said at a media briefing recently

. He also stated that China is prepared to work with relevant counties and international financial institutions and to continue to play a positive role in easing Sri Lanka’s debt burden and helping the island nation to achieve sustainable development.

Mr Wang Wenbin expressed the belief that Sri Lanka will work in the same direction and make independent efforts to uphold the legitimate rights and interests of foreign investment and financing partners and maintain stability and credibility of its investment and financing environment.

In a written response to questions, the Chinese foreign ministry said Beijing is ready to “play a positive role in easing Sri Lanka’s debt burden” but gave no indication whether the amount owed might be reduced.

“China is willing to support relevant financial institutions to negotiate with Sri Lanka,” the ministry said.

If China gives a concession to Sri Lanka, it will have to give the same concession to other borrowers,” said economist W.A. Wijewardena, a former deputy governor of the Sri Lankan central bank. “They didn’t want to get into that trouble.”

China ranks third among Sri Lanka’s creditors after Japan and the ADB and accounts for 10% of the debt,he pointed out.

Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries.

Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed assistance.

16 million USD worth of assistance from people of India to start arriving

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A large humanitarian grant assistance consignment worth more than SLR 2 billion from the people of India is scheduled to reach Colombo on 22 May 2022. The consignment, which consists of 9,000 MT of rice, 50 MT of milk powder and more than 25 MT of drugs and other medical supplies, will be handed over by High Commissioner Gopal Baglay to the senior leadership of Government of Sri Lanka. 

2.     The consignment was flagged off from Chennai port by Thiru M.K Stalin, Chief Minister of Tamil Nadu on 18 May 2022. This is the first incoming consignment under a larger commitment of 40,000 MT of rice, 500 MT of milk powder and medicines by Government of Tamil Nadu. This commitment translates to more than SLR 5.5 billion. 

3.     The incoming consignment shall be distributed among beneficiaries across the country including Northern, Eastern, Central and Western Provinces by Government of Sri Lanka. These beneficiaries cover diverse sections of the society. 

4.      The assistance from people of India complements multi-pronged efforts undertaken by Government of India by standing with their brethren in Sri Lanka. Several private and social organizations from India have sent assistance to Sri Lanka to meet various urgent requirements. This outpouring of support for Sri Lanka among common Indians is apart from the economic assistance by Government of India which has been to the tune of around USD 3.5 billion since January this year. In addition, medicines, dry rations etc have also been sent by Government of India on grant basis. 

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Colombo

20 May 2022