Sri Lanka News Updates with Discussions

With the depreciation of rupee value to 121, the rupee value of the country s debt burned has risen by a whopping Rs.252 billion, the main opposition UNP charged today.

Speaking to the Daily Mirror, UNP MP Ravi Karunanayake said that the country s actual debt volume stood at Rs.5,200 billion before the recent drop in rupee value, and it would rise by another Rs.252 billion.

Mr. Karunanayake said that 52 per cent of the total debts are external borrowings.

The rupee component of the long term liabilities has increased in this manner. In addition to the increase of Rs.252 billion, there will be a further addition of Rs.27 billion to the debt component in terms of interest payment. That is the gloomy picture of the economy, he said.

The Central Bank recently stopped intervening in the control of exchange rates, and as a result the rupee value dropped to 121 against the US dollar.
Earlier, he said that the debt burden rose by Rs.81 billion after the devaluation of the rupee by three per cent in the budget.

Meanwhile, Minister of National Languages and Social Integration Vasudeva Nanayakkara called the Central Bank s decision in this regard a blunder. Mr. Nanayakkara said that the import cost would rise by leaps and bounds under the present circumstances, and he feared whether the economy could cope up with the challenges triggered by this decision.

This is a blunder. Exporters revenue will increase in rupee terms because of this decision. The tea and rubber industries will benefit. Yet, we have to pay increased rates for imports of essential items. Their prices will go through the roof. The rupee component of the debt burden will rise. Therefore, this decision s beneficial effect on export industries will be negated by such impacts on imports, he said.

resident Mahinda Rajapaksa who is on a two day visit to Singapore held bilateral talks with Singapore Prime Minister Lee Hsien Loong on February 15. At the end of the bilateral talks a memorandum of understanding (MOU) was signed on the development of business and investment relations between the Board of Investment of Sri Lanka and the Business Federation of Singapore.

This MOU was signed by Secretary to the President, Lalith Weeratunga on behalf of Sri Lanka and Chief Executive Officer of Singapore Business Federation, Ho Meng Kit on behalf of Singapore at Singapore President s House, Istana Palace in the presence of the Heads of State of the two countries, a President s Media Division release said.

thoge jathake liyapan p.ko

Tamil pandian praying the pink lingham

tho awajathaka karapoththek.

With the depreciation of rupee value to 121, the rupee value of the country s debt burned has risen by a whopping Rs.252 billion, the main opposition UNP charged today.

Speaking to the Daily Mirror, UNP MP Ravi Karunanayake said that the country s actual debt volume stood at Rs.5,200 billion before the recent drop in rupee value, and it would rise by another Rs.252 billion.

President wanted to see the Air show. So, he arranged something

Feb 15, Singapore: Singapore has named a new orchid hybrid to honor the visit of Sri Lanka President Mahinda Rajapaksa and First Lady Shiranthi Rajapaksa to that country.

The new orchid was named as Dendrobium Mahinda Shiranthi and introduced to President Rajapaksa and First Lady by the Chief Executive Officer of the Singapore Botanic Gardens, Poon Hong Yuen when the President visited the Singapore Botanic Gardens today (15).

Astro ge wada. ::))

Feb 15, Singapore: Singapore has named a new orchid hybrid to honor the visit of Sri Lanka President Mahinda Rajapaksa and First Lady Shiranthi Rajapaksa to that country.