Accept good aspects: Former Sri Lankan PM Ranil on China’s Belt and Road Initiative

Sri Lanka should accept the good aspects of China’s Belt and Road Initiative (BRI), reject the bad ones, and maintain a balanced foreign policy, Sri Lankan Former Prime Minister Ranil Wickremesinghe said in a webinar yesterday.

“We need to maintain a good relationship with India, China and Europe,” he said.

“Defeating the Rajapaksa dominated regime is one thing, and setting up a steady policy framework to develop the nation is another matter. There is no point in defeating this regime if we cannot agree to a common policy framework,” Ranil said.

It is to be noted that, recently, the Sri Lankan Parliament recently approved the Colombo Port City Economic Commission Bill, which allows China to build the port city on land reclaimed from the sea.

On June 17, Arindam Bagchi, spokesperson of India’s External Affairs Ministry says, “Sri Lanka will remain mindful of our excellent bilateral cooperation, including for mutual security in our shared environment, which includes the maritime domain,” in response to the $1.4 billion China-backed Colombo Port City project.

A week ago, India’s External Affairs Minister S Jaishankar said that connectivity efforts must be based on economic viability and financial responsibility and they should not create debt burdens. This statement at a regional conference in Tashkent is seen as an indirect reference to China’s Belt and Road Initiative (BRI).

UK reduces risk of terror attacks in Sri Lanka

The United Kingdom (UK) has reduced the risk of terrorist attacks in Sri Lanka, in its most recent travel advice.

The risk of terrorists trying to carry out attacks in Sri Lanka has been reduced from very likely, to likely.

The most recent travel advice notes that terrorists are likely to try to carry out attacks in Sri Lanka.

It says attacks could be indiscriminate, including in places visited by foreigners such as hotels, tourist sites and places of worship.

Travellers have been told to avoid crowded public places, large gatherings and demonstrations, and follow the advice of local authorities.

“There’s a heightened threat of terrorist attack globally against UK interests and British nationals, from groups or individuals motivated by the conflict in Iraq and Syria. You should be vigilant at this time,” the UK Foreign Office said.

On 21 April 2019, bombs were used to attack 3 churches and 3 hotels in Sri Lanka: in central Colombo; in the northern suburb of Colombo Kochchikade; and in Negombo roughly twenty miles north of Colombo; and in the east of the country in Batticaloa. More than 250 people were killed, including 8 British nationals.

Security had been stepped up across the island and the Sri Lankan authorities had made a number of arrests in relation to the attacks.

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Rishad’s wife and 03 others remanded; teenage girl’s body to be exhumed

The Colombo Magistrate’s Court today ordered to remand the wife of former minister Rishad Bathiudeen and three others until August 09 in connection with the suspicious death of a teenage domestic worker who had been employed at their home.

The four defendants, including Bathiudeen’s father-in-law, brother-in-law and the broker who had brought the girl for employment from Dayagama, were produced before the court when the case was taken up today (26).

Meanwhile the court also ordered to exhume the remains of the girl and to conduct another postmortem examination, Ada Derana reporter said.

Shabdheen Ayesha – the 46-year-old wife of MP Bathiudeen, her father Mohamed Shabdheen and the middleman in question identified as a 64-year-old named Ponnaiyah Pandaram, were arrested by police on July 23 following the recording of their statements regarding the death.

Police had also obtained a court order permitting the detention of the trio for 72 hours for interrogation.

In the meantime, the brother-in-law of MP Rishad Bathiudeen had also been arrested on the same day on charges of allegedly sexually abusing a young woman.

The incident was brought to light amidst the probes carried out into the death of the 16-year-old domestic worker at the parliamentarian’s private residence.

Investigating officers had uncovered that the MP’s brother-in-law had sexually abused a female who worked as a domestic helper at the parliamentarian’s official residence between 2015 and 2019. The girl, who is now 22 years of age, had shed light on the matter during police interrogations.

On July 15, a 16-year-old girl, who was serving as domestic help at the Bathiudeen residence, succumbed to severe burn injuries while receiving treatment at the Colombo National Hospital. She had been under medical care for 12 days since her admission to the hospital on July 03.

The girl, who was residing in the Dayagama area, had been 15 years of age when she was brought to the parliamentarian’s residence at Bauddhaloka Mawatha for domestic work last October.

The judicial medical officer who conducted the post-mortem on the girl’s death concluded that she had been sexually exploited.

48 more die of COVID-19: Death toll surges to 4,147

The Epidemiology Unit of the Health Ministry reports that another 635 persons have tested positive for COVID-19 in Sri Lanka, moving the daily total of new cases to 1,653.

This brings the total number of confirmed cases of coronavirus reported in the country to 298,181.

As many as 269,007 recoveries have been confirmed in Sri Lanka since the outbreak of the pandemic.

The Epidemiology Unit’s data showed that 25,075 active cases are currently under medical care.

Meanwhile, Sri Lanka has registered 48 more COVID-19 related fatalities on Saturday (July 26).

The new development has pushed the official death toll from the virus outbreak in Sri Lanka to 4,147.

According to the data released by the Department of Government Information, the latest victims confirmed today include 30 males and 18 females.

None of them are aged below 30 years, twelve victims are between 30-59 years and the remaining 36 are aged 60 and above.

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Sri Lanka will manage debt stress, will not seek IMF loan: P B Jayasundera

Despite concerns over looming sovereign debt default, Sri Lanka will not seek any International Monetary Fund (IMF) loans but only technical support, President’s Secretary P B Jayasundera said.

Jayasundera, former finance secretary who still has influence over the island nation’s economic policies said the debt stress can be managed.

“We have a strong relationship with the IMF, that is on technical side, foreign exchange management, customs reforms,” Jayasudera told EconomyNext his presidential secretariat office in the country’s old parliament.

“But on the loans, we are not seeking any of loans because right now our interest is not looking for loans, but we are looking investments and how to put the investment climate here. So, no interest is shownfor an IMF loan facility.”

Moody’s Investors Service last week placed Sri Lanka’s Caa1 ratings under review fordowngrade, citing the country’s increasingly fragile external liquidity position and rising risk of default. The government hit back at the Moody’s assessment and said it will honour all the debts.

Moody’s Investors Service last week placed Sri Lanka’s latest Caa1 ratings under review fordowngrade, citing the country’s increasingly fragile external liquidity position and rising risk of default. The government hit back at the Moody’s assessment and said it will honour all the debts.

Global analysts have raised concerns over a default in 2022 unless the country goes for an IMF program with fiscal and monetary fixes and debt restructuring.

Jayasendera, however, said the country is facing a “stressful July” with having to manage a higher volume of foreign debts as well as other import-related outflows in the same month.

“Not only we do have to repay the one billion sovereign bond, but last week we also had to pay some other loans of 400-500 million dollars. For that bunching is the one we have to carefully reprofile,” adding that the cost of vaccination also has to be managed.

US-based investment bank Goldman Sachs in a note last week said its “calculations show that Sri Lanka should comfortably meet its external financing requirements in 2021”.

President Gotabaya Rajapaksa’s administration is shy of tapping international capital markets, fearing such move could increase the borrowing cost. Sri Lanka’s 2021 January bond is offered at around 26 percent, indicating a higher borrowing cost if the country goes for a fresh Eurobond.

However, he said the 2021 overall balance-of-payments will be better than last year with 7.8 billion dollars of expected from remittances and 1.7 billion dollars from information technology related services.

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Sri Lanka to Repay $1 Billion Bond, Ending Default Threat

Bloomberg – Sri Lanka plans to repay a $1 billion bond by the Tuesday deadline, keeping intact its reputation for honoring debt as concern mounts about the nation’s overseas financing.

Authorities will transfer the required funds on Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said by phone Sunday. Moody’s Investors Service placed Sri Lanka’s ratings under review for a downgrade last week, citing its assessment of the country’s increasingly fragile external liquidity position and the risk of default.

“I have been saying right throughout that we will pay. Unfortunately some bondholders panicked due to rating actions and analyst reports and sold off at huge discounts,” Cabraal said. “Those who came last profited most.”

The yield on the 6.25% Sri Lanka dollar bond maturing Tuesday slumped to 500% on Monday, from 628% last week. The yield on the 5.75% 2022 dollar bond rose by 34 basis points to 21.62%, and that on the 6.85% 2024 note fell by 2 basis points to 26.26%.

The payment marks the clearing of only the first test. Two more payments — a $500 million bond and $1 billion of debt — become due next year, with Colombo saying arrangements have been made for the transactions.

Doubts about Sri Lanka’s ability to service debt began growing last year after the International Monetary Fund prematurely ended a $1.5 billion loan facility in the midst of the pandemic. While steps to control the coronavirus’s spread hurt the government’s capacity to generate earnings through sectors such as tourism, a downgrade of the sovereign’s rating deeper into junk hit investors’ confidence.

The island nation has since secured a $1.5 billion currency swap agreement with China, besides negotiating funding lines from its South Asian neighbors India and Bangladesh.

Sri Lanka’s central bank earlier this month said that while the government is expecting some inflows, it will dip into its foreign exchange reserves to bridge any shortfall in repaying the bonds. The stockpile stood at about $4 billion in June, enough to cover about three months of imports.

“Any reserve fall will be temporary,” Cabraal said in a separate phone call late Sunday. “It will be buttressed in a planned manner with non-debt investments, which will not flow out.”

Some $200 million of the payment will return relatively quickly as the central bank will conduct swap transactions with domestic banks that hold about a third of the maturing debt, Cabraal said. He didn’t share further details on the swaps.

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TAMIL NATIONAL HEROES DAY 38TH REMEMBRANCE DAY MEETING IN LONDON

Tamil National Heroes Day 25-07-2021

Welikada Prison Massacred 38th Remembrance Day Public Meeting in London

எமது போராளிகளின் அர்ப்பணிப்பை அர்த்தம் உள்ள அரசியல் தீர்வை நோக்கி நகர்த்துவோம்

Day:25-07-2021

Time:06 PM- Sunday

Place: Pinner Green Social Club,Greenwood Hall,Rickmansworth RD, Pinner,HA5 3TJ.

Nearest Underground: Northwood hill (metropolitan line)

TELO UK Branch

Velikkadai Sirai Padukolai
Velikkadai Sirai Padukolai

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Remembering Black July – 38 years since the pogrom

Today we mark 38th years from the horrors of the anti-Tamil pogrom of 1983, when Tamils were killed by Sinhala mobs backed by the then UNP government and state forces.

Sinhala rioters halt a minibus searching for Tamils Armed with electoral rolls, Sinhala mobs targeted Tamil homes and businesses looting and ransacking property. Driven from their homes, particularly in Colombo, over 3000 Tamils were massacred, whilst thousands more were effectively deported by the state to the North-East.

Eye witness reports described mobs chasing Tamils down the street with knives and setting them alight alive. Many hundreds of women were raped. Tamil political prisoners locked up in Welikada jail, deep within the island’s south, were also targeted as prison guards allowed Sinhala inmates to slaughter them.

We look back at events through international press coverage at the time:

21 Jul 1983 – The Times:

“The Government yesterday imposed local and foreign press censorship on all news about national security, law and order, essential supplies, and incitement to mutiny, riot or civil commotion.”

23 Jul 1983 – The Montreal Gazette

“The officials said 17 prisoners died in a jailbreak at the Welikada jail in the capital of Colombo, where 35 Hindu Tamil prisoners were massacred Monday by fellow inmates belonging to the nation’s Buddhist Sinhalese majority. Guards also opened fire yesterday on rioting Tamil prisoners in the jail of Jaffna, 386 kilometres north of Colombo killing three of them”

26 Jul 1983 – The Daily Telegraph:

“Motorists were dragged from their cars to be stoned and beaten with sticks. Others were cut down with knives and axes. Mobs of Sinhala youth rampaged through the streets, ransacking homes, shops and offices, looting them and setting them ablaze, as they sought out members of the Tamil ethnic minority. A mob attacked a Tamil cyclist riding near Colombo’s eye hospital. The cyclist was hauled from his bike, drenched with petrol and set alight. As he ran screaming down the street, the mob set on him again and hacked him down with jungle knives.”

27 Jul 1983 – The Times:

“Here in Britain some of the 25,000 Sri Lanka Tamils blamed the start of the fighting on an incident last week in which three teenage girls at a bus-stop near Jaffna in the north of Sri Lanka were allegedly abducted and raped by soldiers. On girl was later said to have committed suicide.

They also claim another atrocity in which six schoolboys were shot and killed by troops and police in the same area. They blame these incidents for prompting the attack by Tamil guerrillas on a Sri Lankan Army vehicle on Saturday, in which 13 soldiers were killed.”

27 Jul 1983 – The Times :

“These mostly involved in the present troubles are the Ceylon Tamils, a highly educated, superior minority, who feel victimized by the Sinhalese. Not only are there fewer industrial opportunities for them in the north but Tamil boys have been discriminated against in winning places at university”

“Despite their minority status the Tamils for years held top jobs in business and administration under the British, jobs they have mostly since lost under Sinhalese rule. The cause of the present violence must therefore be seen in part economic terms”

28 Jul 1983 – The Times :

“Smoke from hundreds of shops, offices, warehouses and homes blew idly over Colombo yesterday. Any business, any house belonging to, or occupied by a Tamil has been attacked by gangs of goondas (hooligans) and the resulting destruction looks like London after a heavy night’s attention from the Luftwaffe.”

“Government officials yesterday estimated that 20,000 business had been attacked in the city and declared that there was a pattern of organisation and planning in the rioting and looting.”

“One of the principal reasons for Britain’s delay in granting independence to its former colony was because of fears that the majority would tyrannize the minority Tamils. But the majority Sinhala speakers feel that they are threatened by 40 million Tamil speakers in India.”

29 Jul 1983 – The Montreal Gazette :

“Addressing the island nation on radio and television for the first time since violent clashes between majority Sinhalese and minority Tamil erupted six days ago, Jayewardene said the Tamil movement “should have been banned long, long ago. The Sinhalese will never agree to the separation of a country that has been a united nation for 2500 years,” Jayewardene said.

People who advocate separatism the president said, would lose all their “civic rights”, be banned from holding any office and preventing from practising a profession.”

A government official also confirmed that 130 Sinhalese sailors of the Sri Lankan navy broke from their barracks in the port city of Trincomalee Monday and burned 175 houses in a Tamil neighbourhood, killing one Tamil and wounding 10 others.

A Norwegian tourist reported seeing a Sinhalese mob pour gasoline on a minibus full of about 20 Tamils in Colombo and set it on fire. From Oslo, Eli Skarstein was quoted as saying, “Colombo was burning when we left. Women, children and old people were slaughtered. Police and soldiers did nothing to stop this genocide.”

Douglas Liyanage, secretary of the ministry of state, acknowledged that Sinhalese passengers on a Colombo-bound train from the central Sri Lanka town of Kandy had attacked Tamil passengers they suspected of carrying weapons. Passengers said one of the Tamils was chased naked and bleeding through the railway cars until he fell dead and was thrown off.

The wave of killings was touched off by the ambush and slaying of 13 Sinhalese soldiers by Tamil insurgent guerillas over the weekend. But the violence grows out of a century of deeply-rooted hatred, along with differences of language and religion between the Buddhist Sinhalese and the Hindu Tamils.”

29 Jul 1983 – The Times :

“Political parties advocating the partition of Sri Lanka will be banned, President J R Jayawardene announced yesterday as news emerged of a second massacre in Colombo’s main jail.

In an attempt to appease the mobs which have attacked Tamil homes and businesses, the President declared that those seeking partition will “lose their civil rights and cannot hold office, cannot practise professions, join movements of organizations”.

Mr Jayewardene said in a nationwide broadcast: “The government has not decided that the time has come to accede to the clamour and the request, the natural request, of the Sinhala people that we do not allow the movement for division to grow any more.”

29 Jul 1983 – The Age :

“Frustrated expectations of increased self-rule for the Tamil community, coupled with Government fears that its support from the majority Sinhalese was slipping, appear to have been the primary combustibles that ignited the worst violence in this scenic island nation since 1948.”

01 Aug 1983 – The Sydney Morning Herald :

“The Sri Lankan Government has cracked down on political opponents and appealed for public support, saying ethnic bloodshed on the island is part of a foreign-inspired plot to overthrow it.”

04 Aug 1983 – The Times:

“Sri Lanka Army personnel actively encouraged arson and the looting of Tamil business establishments and homes in Colombo. … Absolutely no action was taken to apprehend or prevent the criminal elements involved in these activities. In many instances army personnel participated in the looting of shops.”

LONDON DAILY TELEGRAPH, 26 JULY 1983

“Motorists were dragged from their cars to be stoned and beaten with sticks during racial violence in Colombo, the Sri Lanka capital yesterday (24 July). Others were cut down with knifes and axes. Mobs of Sinhala youth rampaged through the streets, ransacking homes, shops and offices, looting them and setting them ablaze, as they sought out members of the Tamil ethnic minority… A Sri Lankan friend told me by telephone last night how he had watched horrified earlier in the day as a mob attacked a Tamil cyclist riding near Colombo’s eye hospital, a few hundred yards from the home of Junius Jayawardene, the nations 76 year old President. The cyclist was hauled from his bike, drenched with petrol and set alight. As he ran screaming down the street, the mob set on him again and hacked him down with jungle knifes..”

LONDON GUARDIAN, 26 JULY 1983

”Pillars of smoke and flame rose over the Sri Lankan capital, Colombo yesterday as mobs attacked the minority Tamil community and looted their homes and stores…Some of the worst rioting erupted in the morning only 200 yards away from President Jayawardene’s house… All over the city by mid-morning lorries jammed with young men shouting anti Tamil slogans, were moving into Tamil areas and into shopping centres picking out Tamil shops… Petrol was siphoned from cars into buckets and plastic bowls to speed the work of arson.. By noon Colombo resembled a city after a bombing raid. Smoke obscured the sun, main roads were blocked by burnt out vehicles.. The rioting surged into the heart of the city. In area after area Sinhalese rioters systematically picked out Tamil homes and shops, whether occupied or empty, and looted and destroyed them…

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