Home Blog Page 2253

Australian cricket legend Shane Warne dies of suspected heart attack

0

Australia cricket legend and the greatest leg-spinner of all-time, Shane Warne, has died, aged 52.

Warne’s management released a brief statement in the early hours of Saturday (AEDT), that he passed away in Koh Samui, Thailand, of a suspected heart attack.

“Shane was found unresponsive in his villa and despite the best efforts of medical staff, he could not be revived,” the statement reads.

“The family requests privacy at this time and will provide further details in due course.”

The news is the second devastating blow for Australian cricket within 24 hours with fellow great, Rod Marsh, also dying on Friday having suffered a major heart attack last week.

Affectionately known as ‘Warnie’ and adored by millions across the globe, Warne is considered by many as the greatest bowler to ever play the game.

His stellar international career spanned across 15 years and saw him take 708 Test wickets — the most ever for an Australian, and the second-most of all time behind only Muttiah Muralitharan.

“A Sustainable Feminist Recovery”

0

By United Nations Secretary-General António Guterres

As the world moves ahead to mark International Women’s Day, the clock on women’s rights is moving backwards. All of us are paying the price.

The cascading crises of recent years have highlighted how women’s leadership is more crucial than ever.

Women have heroically confronted the COVID-19 pandemic as doctors, nurses, and public health and social care workers.

But at the same time, women and girls have been the first to lose out on jobs or schooling, taking on more unpaid care work, and facing skyrocketing levels of domestic and cyber abuse and child marriage.

The pandemic has highlighted even more starkly an age-old truth: the roots of patriarchy run deep. We still live in a male-dominated world with a male-dominated culture.

As a result, in good times or bad, women are more likely to fall into poverty. Their healthcare is sacrificed and their education and opportunities are curtailed.

And in countries enduring conflict — as we see from Ethiopia to Afghanistan to Ukraine — women and girls are the most vulnerable but also the most compelling voices for peace.

As we look to the future, a sustainable and equal recovery for all is only possible if it is a feminist recovery — one that puts progress for girls and women at its centre.

We need economic progress through targeted investments in women’s education, employment, training and decent work. Women should be first in line for the 400 million jobs we are called to create by 2030.

We need social progress through investments in social protection systems and the care economy. Such investments yield huge dividends, creating green, sustainable jobs, while supporting members of our societies that need assistance, including children, older people and the sick.

We need financial progress, to reform a morally bankrupt global financial system, so all countries can invest in a woman-centred economic recovery. This includes debt relief and fairer tax systems that channel some of the massive pockets of wealth around the world to those who need it most.

We need urgent, transformative climate action, to reverse the reckless increase in emissions and gender inequalities that have left women and girls disproportionately vulnerable. Developed countries must urgently deliver on their commitments on finance and technical support for a just transition from fossil fuels. The successful, stable economies of the future will be green, gender-inclusive and sustainable.

We need more women in leadership in government and business, including finance ministers and CEOs, developing and implementing green and socially progressive policies that benefit all their people.

We know, for example, that having more women in parliaments is linked with stronger climate commitments and higher levels of investment in healthcare and education.

We need political progress through targeted measures that ensure women’s equal leadership and representation at all levels of political decision-making, through bold gender quotas.

Gender inequality is essentially a question of power. Uprooting centuries of patriarchy demands that power is equally shared across every institution, at every level.

At the United Nations, we have achieved — for the first time in the organization’s history — gender parity in senior management at headquarters and around the world. This has dramatically improved our ability to better reflect and represent the communities we serve.

Every step of the way, we can take inspiration from women and girls pushing for progress in every sphere and every corner of our globe.

Young women climate campaigners are leading global efforts to pressure governments to live up to their commitments.

IMF recommends market-determined flexible exchange rate

0

The International Monetary Fund (IMF) has   recommended a gradual return to a market-determined and flexible exchange rate to facilitate external adjustment and rebuild international reserves. 

Making this urgent recommendation IMF Executive Directors called on the authorities to gradually unwind capital flow management measures as conditions permit

 They suggested these recommendations at the conclusion of 2021 Article IV Sri Lanka  urging the authorities to focus on monetary policy.  .

Despite the ongoing economic recovery, international Monetary Fund Executive Directors noted that the country faces mounting challenges, including public debt that has risen to unsustainable levels, low international reserves, and persistently large financing needs in the coming years. 

Against this backdrop, they stressed the urgency of implementing a credible and coherent strategy to restore macroeconomic stability and debt sustainability, while protecting vulnerable groups and reducing poverty through strengthened, well-targeted social safety nets.

Directors emphasised the need for an ambitious fiscal consolidation that is based on high-quality revenue measures. 

Noting Sri Lanka’s low tax-to-GDP ratio, they saw scope for raising income tax and VAT rates and minimising exemptions, complemented with revenue administration reform. 

Directors encouraged continued improvements to expenditure rationalisation, budget formulation and execution, and the fiscal rule. They also encouraged the authorities to reform state-owned enterprises and adopt cost-recovery energy pricing.

They agreed that a tighter monetary policy stance is needed to contain rising inflationary pressures, while phasing out the central bank’s direct financing of budget deficits.

The Directors also called on the authorities to gradually unwind capital flow management measures as conditions permit.

They commended the Sri Lankan authorities for the prompt policy response and successful vaccination drive, which have cushioned the impact of the pandemic.

Despite the ongoing economic recovery, Directors noted that the country faces mounting challenges, including public debt that has risen to unsustainable levels, low international reserves, and persistently large financing needs in the coming years.

Thereby, they stressed the urgency of implementing a credible and coherent strategy to restore macroeconomic stability and debt sustainability, while protecting vulnerable groups and reducing poverty through strengthened, well-targeted social safety nets.

Directors emphasised the need for an ambitious fiscal consolidation that is based on high-quality revenue measures. Noting Sri Lanka’s low tax-to-GDP ratio, they saw scope for raising income tax and VAT rates and minimising exemptions, complemented with revenue administration reform. 

They   encouraged continued improvements to expenditure rationalisation, budget formulation and execution, and the fiscal rule. They also encouraged the authorities to reform state-owned enterprises and adopt cost-recovery energy pricing.

IMF  agreed that a tighter monetary policy stance is needed to contain rising inflationary pressures, while phasing out the central bank’s direct financing of budget deficits.

They also recommended a gradual return to a market-determined and flexible exchange rate to facilitate external adjustment and rebuild international reserves. Directors called on the authorities to gradually unwind capital flow management measures as conditions permit.

. Noting financial stability risks from the public debt overhang and sovereign-bank nexus, they recommended close monitoring of underlying asset quality and identifying vulnerabilities through stress testing. Directors welcomed ongoing legislative reforms to strengthen the regulatory, supervisory, and resolution frameworks.

Directors called for renewed efforts on growth-enhancing structural reforms. They stressed the importance of increasing female labor force participation and reducing youth unemployment.

Cardinal Malcolm Ranjith and human rights…

0

In late 2018, Cardinal Malcolm Ranjith, the Archbishop of Colombo, publicly stated that there is no need to talk about human rights if one believes in religion.

“Human rights have become the new religion in the Western world. In the past, there was no such thing as human rights but people lived with love and respect and trust in God. This is like a wonderful new discovery they keep in mind and they always tell us that. Religion in European countries often referred to as human rights, is like wearing a coat. Somewhat which you can wear when you need it and throw it away when you don’t need it. Religion is practiced when an advantage is needed and religion is discarded when a sacrifice is needed. This is spreading in our country as well. Some of them are talking about a secular society. There is no secular society. People’s lives are not limited to food, clothing, and comfort. If we believe in religion, we do not need to talk about human rights. We can live beyond human rights. The religions we believe in have human rights. What else is needed? So dear brothers and sisters, we should not be deceived by this magic. We must act wisely here ”

The Cardinal made this public statement while addressing a service on September 23, 2018, at St. Matthew’s Church, Ekala.

More than three years later, the cardinal met with UN High Commissioner for Human Rights Michelle Bachelet on March 2, 2022, in Geneva, Switzerland. That is to get the UN Human Rights Council to do justice to the victims of the Easter attack.

The Easter Sunday attack has not happened in the country when the cardinal made his first statement, but the country has been plagued by a number of human rights abuses over the decades. But since they did not directly affect the cardinals, the clergy had no regard for human rights. That is why he appealed to his followers not to be deceived by human rights.

But shortly after the Easter attack on the Catholic Church, the cardinal’s situation changed. Now that the issue is directly affecting them, he too has to seek human rights. However, devotees who believed the Cardinal’s speech in 2018 are now facing a dilemma. That is because the cardinals now want the human rights that they did not want then. This is because it has become a big thing today for those who say that human rights are nothing new or big.

We stand for human rights then and today and will continue to do so. Those of us who opposed the Cardinal’s statement back then may have said today, “What happened to the Cardinal…?.” He said.

We have no peace with those who despise, insult, or ridicule human rights – a great achievement of human society in its long evolution.

And here is another point to keep in mind. In the aftermath of the Easter attack, the cardinal desperately wanted to overthrow the then Yahapalana government. Now it seems he too has been fed up with the current government.

It could not have gone unnoticed by the then Cardinal that the present government was formed in partnership with the Sri Lanka Freedom Party, a major player in the previous government. Despite this, the present government was formed with his full blessings.

The question for us is whether the people will abide by the cardinal’s request to go and do their duty again in the next election. Should the people really overthrow the government to the point where the cardinal gets bored? How do people know exactly where the cardinal is wrong and where he is not, as in the case of human rights?

EU Ambassadors visit rural development projects in Central Province

0

The European Union (EU) and EU Member States Ambassadors resident in Sri Lanka, travelled this week to Nuwara Eliya district in the Central Province for a two-day visit to EU-funded rural development projects.

During their visit, the EU Ambassadors visited and handed over a number of infrastructure facilities in the region, such as a new Business Service Center in Nuwara Eliya, a renovated tea estate water supply system in Ragala, and a potato seed production unit in Kandapola.

All these activities have been developed and funded under the EU programme ‘Support to integrated rural development in the most vulnerable districts of Uva and Central provinces’.

This programme, launched in 2017, was the first major European initiative in the region with approximately LKR 6 billion (EUR 30 million) of grant assistance provided to four districts of Nuwara Eliya, Matale, Badulla and Monaragala located in the Uva and Central Provinces.

Over the past 5 years, the EU has partnered with both the Government of Sri Lanka, private sector and civil society organizations to improve the situation of small businesses, provide infrastructure for better health, nutrition, hygiene and sanitation practices, and to strengthen socio-economic service delivery by local authorities, community organizations and the private sector in both provinces.

The EU Ambassadors were informed that over 600 micro, small and medium-sized enterprises (SMEs) have been supported, out of which over 200 are women-owned.

The SME development promotion initiatives have made an impressive impact on income and employment generation, market development, technology development and business skills development, ensuring private sector growth and sustainability.

The programme has helped to reduce the barriers women entrepreneurs encounter in accessing finance and other services. Through these efforts over 1500 jobs have been created, increasing women’s labour force participation.

During the visit, the group was informed that the EU has assisted in providing safe drinking water to over 35,000 people and renovated water systems and latrines in over 70 schools and 30 villages. This has allowed over 4000 children access to safe drinking water and improved sanitary facilities in their schools.

EU Ambassador,. Denis Chaibi said “Promoting local economic development and social inclusion has been at the heart of our support for years. Since 2014, the EU and its Member States have provided more than EUR 210 million (approximately 48 billion rupees) to improve the quality of life of Sri Lankans, including in the Uva and Central Provinces, which are among the poorest areas in the country.

As part of the two-day visit, the EU Ambassadors also participated in the opening of the “Thé Kahata” photography exhibition, organized by the Centre for Policy Alternatives, initially supported under the EU-funded project ‘Strengthening the Reconciliation Process in Sri Lanka’ and implemented by GIZ.

The exhibition, featuring over 100 photographs of daily life of upcountry Tamil communities, used art as a vehicle to promote dialogue and explore themes such as identity and inequality.Photo caption: EU and Member State Ambassadors at the opening of the Business Service Centre in Nuwara Eliya.

Wimal Weerawansa bids farewell to his ministry

0

Ministers Wimal Weerawansa and Udaya Gammanpila were removed from their posts yesterday in accordance with the powers of President Gotabhaya Rajapaksa.

They also held a media briefing in Colombo today (04) to raise awareness about the removal, after which Wimal Weerawansa had gone there to bid farewell to the ministry.

The former Minister stated at the time of leaving the Ministry premises that he would move forward as he had worked happily during his tenure as Minister.

Wimal Weerawansa said that he, Udaya Gammanpila and Vasudeva Nanayakkara would also meet the Prime Minister.

The crimes committed by Wimal and Gammanpila are unforgivable – Pathirana

0

The crimes committed by Wimal Weerawansa and Udaya Gammanpila using their powerful ministerial portfolios to the innocent people of the country are unforgivable, said Dr. Mahinda Pathirana, a theorist of the SLPP and also the Chairman of the Sri Lanka Press Council.

Following are the comments made by him on social media.

Ravi and other accused acquitted of public property charges in 2016 bond case

0

The majority of the three-judge bench of the Colombo High Court has ruled that the charges filed under the Public Property Act in the case filed against Former Finance Minister Ravi Karunanayake who was been accused of criminal breach of trust over Rs. 36 billion worth of bonds at a Central Bank bond auction in 2016.

Accordingly, the bench today (04) ordered that the accused be acquitted only of the charges filed under the Public Property Act.

The verdict on the preliminary objections filed by the accused in this case was announced today and the presiding judge said that only natural persons can file charges under Section 7 of the Public Property Act. Accordingly, the defendant in this case, Purchasing Treasury, is not a natural person and cannot be prosecuted under the Public Property Act. The judge also said that the charges filed against 11 defendants, including Aloysius, under the Public Property Act could not be continued.

Accordingly, the bench directed that the case be re-called on May 04 for a “pre-trial hearing” to proceed with the case only on the other charges.

Ukraine conflict: Shares fall after nuclear plant attack

0

Share prices have fallen after a fire broke out at the Zaporizhzhia nuclear power plant in Ukraine, the largest in Europe.

London’s FTSE 100 share index opened down 0.6%, while Japan’s Nikkei index closed down 2.2%.

Oil prices continued to fluctuate, with Brent crude selling for $112 a barrel.

The fire happened after Russia troops shelled the plant. Some investor concerns were eased after officials said the plant’s safety was “secured”.

The International Atomic Energy Agency (IAEA) later said that it had spoken to Ukraine’s leadership and had been told important equipment at the plant was still working.

The shelling has drawn international condemnation, with the US President Joe Biden joining Ukrainian President Volodymyr Zelensky in urging Russia to cease the shelling and allow firefighters to access the site.

In recent days, Russia’s invasion of Ukraine has sent shockwaves through the global financial and energy markets, as investors try to understand the implications of sanctions and supply chain disruptions.

This week, the price of Brent crude – the global oil benchmark – surged to more than $119 a barrel at one point, the highest since May 2012.

The cost of natural gas and coal have also jumped on global markets.

Soaring wholesale energy prices have pushed the average cost of petrol and diesel on UK forecourts to record highs.

Commodities traders – who buy and sell everything from copper, nickel and aluminium to coffee and wheat – have also seen prices soar since fighting broke out in Ukraine.

These higher commodity prices are set to trickle down to UK shoppers, the chief executive of the London Metals Exchange, Matthew Chamberlain, told the BBC’s Today programme.

“We’ve seen aluminium and nickel up 30% since the beginning of the year, and that will ultimately be passed on to consumers when you buy your drinks can made of aluminium, or when you make renovations to your house and you need copper for your wiring, all of those prices do go into the overall inflationary pressure.”

Panmure Gordon economist Simon French told the BBC that the UK’s inflation rate could now hit 10% because of higher costs, and on Thursday an industry body warned that UK household energy bills could reach as high as £3,000 a year.

The price of gold, which is regarded as a safer asset in times of uncertainty, has increased by 7.3% in a month to $1,938 per ounce.

The Russian rouble has hit a record low against the US dollar as countries around the world impose tough sanctions on the country.

Biden administration shields Ukrainians in US from deportation

0

The United States is shielding Ukrainian citizens already in the country from deportation, as the Russian invasion continues to drive hundreds of thousands of people out of Ukraine.

The US Department of Homeland Security (DHS) said on Thursday that it was extending temporary protected status (TPS) to Ukrainians for 18 months because of the “ongoing armed conflict and extraordinary and temporary conditions” in the country.

The decision comes after immigration advocates and US legislators called on President Joe Biden to protect Ukrainians who are in the US on a temporary basis, such as students and visitors.

“Russia’s premeditated and unprovoked attack on Ukraine has resulted in an ongoing war, senseless violence, and Ukrainians forced to seek refuge in other countries,” DHS Secretary Alejandro Mayorkas said in a statement announcing the decision.

“In these extraordinary times, we will continue to offer our support and protection to Ukrainian nationals in the United States.”

Senate Majority Leader Chuck Schumer welcomed the announcement, saying he had been pushing for the TPS designation. “The United States stands with the people of Ukraine,” the senator wrote on Twitter.

Earlier this week, more than 40 members of the US House of Representatives also signed a letter urging Biden to designate Ukraine for TPS.

Democratic Congressman Jamie Raskin, one of the letter’s signatories, lauded the TPS designation on Thursday. “It is a privilege to support Ukrainians here as they defend democracy against fascist aggression,” he tweeted.

Russia launched an all-out invasion on Ukraine last week, which DHS described on Thursday as “the largest conventional military action in Europe since World War II”.

The department said Ukrainians who have been in the US as recently as March 1 will be eligible for protection. The designation also allows Ukrainians to apply for work permits.

AL JAZEERA