Ceylon Tobacco Company & Multinational Spy Networks

Before you study the economics, study the economists!

e-Con e-News 30 January – 05 February 2022

Top Pharma importer and fake ‘local’ drug manufacturer Hemas reported this week, it’s joining oil multinationals US Exxon-Chevron and French Total, in quitting Myanmar: NATO is escalating another terrorist war there on its government and people. Meanwhile the US ‘quietly’ removed sanctions against the Taliban, signaling banks and NGOs to resume funding to split the Taliban. The US once financed the Taliban as ‘freedom fighters’ to fight Afghani communists, later calling them terrorists for the 9-11 horror (see Random Notes).

• The Bank of England claimed this week it had no control over ‘extraordinary’ (54%!) energy hikes. US lawmakers are accusing food and energy companies of pandemic profiteering. Yet capitalist media in Sri Lanka are driving panic and hysteria to provoke disorganized reaction, to destabilize a popularly elected government and leave the people wide open to another campaign of annihilation. ee Focus this week notes, we currently have little control over our own economy. Worse, ‘Current debate on economic recovery … is heavily patronized by business magnates and economists.’

• The Justice Minister wants to regulate trade unions. He can start with the trade union registered as No1 in 1935, the Employers’ Federation of Ceylon. It’s they and their media who are out of control.

• Most experts on the IMF forget to mention the IMF’s very important Article VI, which prohibits a country from bleeding capital. The IMF too forgets its own charter, and is being sued. The IMF this week, said it’s ’ready’ to help Sri Lanka – if asked. Let’s ask about Article VI! (see, Random Notes)

• The New York Times hyped a big hullabaloo last week about white-settler Israel using its spy cyberware Pegasus to bug ‘encrypted communications’ of iPhones and Android smartphones. Israel is also using the spyware as a diplomatic tool, to buy off former enemies, and make new friends. Yet, the NYT story makes not one mention of how this equipment is used by private corporations.

• This ee looks at how the Ceylon Tobacco Company (CTC)’s London owner, multinational British American Tobacco(BAT), can spy on so-called corporate competitors, but also governments, their revenue agencies, courts, military and police. ee has noted before how CTC does not pay taxes (paying off top civil servants instead) in Sri Lanka, smuggling cigarettes to avoid taxes, let alone hiding the enormous ill-effects on health, which the state and people have to pay for.

     Japan-linked Dialog Telecom claimed this week, it’s bringing ‘world-class cybersecurity solutions’ to Sri Lanka. While other news claimed Sri Lanka hopes to implement a ‘Personal Data Protection Bill’, as gazetted on 25 Nov 2021. It’s calling for public input, to protect individuals’ personal data held by ‘government entities, banks, telecom operators, hospitals, and other personal-data aggregating and processing entities’. However, the Sri Lankan government itself is not protected from the intrusions of imperialist governments nor their multinational corporations.

NYT discloses that Pegasus, made by Israel’s spyware maker NSO, was introduced to the global market in 2011. It links such sales to so-called Muslim countries, Saudi Arabia and the UAE etc., forming open alliances with Israel against Iran. NYT claims US state agencies like the FBI also ‘tested’ Israeli spy equipment in 2019 to spy on US citizens. The NYT story is marketing hype to sell more such equipment, while ensuring they will still bug the buggers that do the bugging. NYT adds, ‘The CIA, the DEA, the Secret Service and US Africa Command declined to comment.’

     The NYT investigation, using information leaked by the US government, blames India’s PM Modi personally for deciding to buy Israeli weapons and intelligence tools worth $2billion – particularly Pegasus and a missile system. The reason: the US government is pressuring India against buying Russian weapons, playing India against China, let alone closer neighbors (see, Random Notes).

     NYT also makes no mention that once Israeli sells the equipment to governing parties to spy on rivals, Israel then alerts those opposition parties and sells them equipment as well. The possibilities are endless. Supporting all sides means you always have a friend and a larger market. Recall how Israel was training forces from both the Sri Lankan government and the LTTE at the same time in the 1980s (ee Sovereignty, Pegasus).

     In November 2021, the US added Israel’s NSO Group to its ‘entity list’ for acting against US national security and foreign policy interests. NSO can supposedly no longer buy vital supplies from US firms, including Dell computers and Amazon cloud servers.

     The US took over 10 years to ban the proliferation of Israeli spyware. If the US really thought Pegasus was so dangerous it could have cut if off earlier. US companies can now publicly admit to building newer spyware to hack phones. The NYT story makes it look like the ‘poor ole’ USA has no choice but to rein in its mad dogs. Yet US company Boldend’s new cyberweapon boasts it can hack WhatsApp, owned by Facebook. A major Boldend investor is Peter Thiel, a Facebook director.

     In January 2022, Israel claimed to have reduced the number of governments licensed to use Pegasus, from over 100 to 37. Yet other spyware knockoffs are already being sold: North Macedonia-based Israeli cybersecurity company Cytrox has developed Predator, ‘a pendant to Pegasus’.

Cyberweapons are now as valuable as fighter jets and centrifuges, says NYT, for war and for diplomatic intrigue. They’re indispensable for controlling ‘the commanding heights’ of economies as well. A country’s commanding heights are of course, security, banking, electricity generation (oil), heavy manufacturing (steel & machines making machines), mining, and transport (railroads). This is the real basis for independence. Sri Lanka still has a long way to go. Rome too took a while to build – their wheels within wheels!

Contents:

A1. Reader Comments

ee at 200 yes! • English Medicine 74 Years Later • Simple English • Cheeky Wordplay! • ee Alternative • Colombots Discover Poverty! • Always Respond to Media • Media Must Declare Funding

A2. Quotes of the Week

• Magnates Only Whining • No Energy for Bank of England • English ‘Woke’ Fraud • US tells Banks to Fund Taliban • Smartphone is a Puppet • Wall St Journal Calls Germany Unreliable

A3. Random Notes

• Old Dating Game • US Splits Taliban with a $Billion • US Treasury, Banks & NGOs • Qatar is the New Delhi • US Bombers Sent to UAE. • US Double Game for Russia & China • Stock Market’s Vacillating Verbs • Manufacture, Hands, Industry, Machines •  What exactly is Corruption?  • Was Independence Peaceful? • Minorities & White Power • Unelected MPs & Merchants in Parliament • Australian Infanticide & Legal Abuse • The East is a Career • From Orient to Emerging to Frontier • US Whitemails India Using Spyware • IMF’s Article VI • IMF Forgets WW2 Birth!

B. ee Focus    

B1. Forex Crisis & Blah-Blah by Magnates & Economists – Rusiripala Tennakoon

B2. British American Tobacco Financed a South African Spy Ring

C. News Index

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A1. Reader Comments

ee thanks Readers who send articles of interest. Please excerpt or summarize what is important about any news sent, or your comments, and place any e-link at the end. Email: econenews@gmail.com

• ‘Happy 200th birthday, ee!’

• ‘I’m undergoing treatment at both government and private hospitals in Galle. My prescriptions as well as medical records are written in English. 74 years after independence.’

• ‘ee should be written in simpler English and also translated into Sinhala. Otherwise, no point, no?

• ‘The ee rant on Art Jailing Craft was a fun read. Enjoyed the cheeky wordplay.’

• ‘I use ee to provide an alternative perspective on the economy to my colleagues.’

• ‘Re: Jailing Craft – Colombots know the latest brands, models, movies, songs, philosophies, theories and trends. All imported of course. Those who talked strictly art for art’s sake, for high art, dream realism, and against social realism, talking postmodernism, etc., are all of sudden only talking of the economy. They have discovered impoverishment, like Columbus discovering a new world, which was older than his pale ass. They’re all experts now on agriculture, the IMF, foreign debt, and are rediscovering their rural roots even, recalling the difficulty of gathering firewood! They’ll rediscover everything except our own history of real production (of steel etc.) and resistance, let alone never understand real and not selective or demonized Marx, Lenin, Stalin, Mao, Fidel etc.

• ‘Never read never watch never listen without a pen (keyboard) at hand. The brain must not be treated as a trash or compost bin. Modern media is equivalent to the US bombing campaigns. Reading online, especially randomly, is not random at all, but presents an attempt by the monopoly powers to flood the readers with distorted material, yet related to their expressed interests.’

• ‘We have always thought that Olympic athletes should not only have their country emblazoned on their sweaters, but also the names of the pharmaceutical and other corporates who sponsor them. The same should go for MPs. The same for media. Each article should state which company paid, and how much, for the so-called news story.’ (Random Notes)

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A2. Quotes of the Week_

• ‘It is strange that none of these business magnates touch or even mention other feasible solutions to supplement the revenue of the State: for example, if they volunteer to pay a higher tax component (%) or even agree to pay an amount in advance which can be set off against their future commitments, it will be a better relief to the masses whom they are weeping about today.’ – ee Economists, Plethora

‘Ben Broadbent, one of the Bank of England’s deputy governors, said “extraordinary” rises in global energy prices are a key factor beyond the Bank’s control, with even bigger increases than during the oil price shock 50 years ago’ – ee Economists, Economygate

• ‘Present-day English foreign policy assumes a “brush the past under the carpet” approach, presenting England as a benevolent world power that promotes gender equality, equal marriage and LGBTQI+ rights. At the same time, crucial archival records that concern the Colonial Office [subsequently the Foreign & Commonwealth Office] continue to remain classified and inaccessible to the public.’ – ee Sovereignty, Apologize

• ‘US Treasury Department quietly signaled on Wednesday that it was “tweaking” the sanctions against the Haqqani Network. The international banks can transfer money to Taliban, including Haqqani Network without fear of breaching sanctions.’ – ee Sovereignty, Kabul

• ‘[Israel’s newer spyware] Phantom allows US law enforcement and spy agencies to get intelligence ‘by extracting and monitoring crucial data from mobile devices… an independent solution’ that requires no cooperation from AT&T, Verizon, Apple or Google. The system, it says, will ‘turn your target’s smartphone into an intelligence gold mine’ – ee Sovereignty, Pegasus

• ‘Facing the 2 most consequential security threats to USA and to the post-WWII democratic international order – China and Russia – Germany is no longer a credible ally. For Germany, cheap gas, car exports to China and keeping Mr Putin calm seem to be more important than allied democratic solidarity.’– Wall St Journal (ee Sovereignty, Freeland)

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A3. Random Notes (‘Seeing Number in Chaos’)_

Pre-dating and predation – The present moment is being compared to various phases in our history: The pre-1962-coup tensions: Black-whites blame the coup on ‘Sinhala Buddhist’ intransigence which supposedly drove privileged people to plot treason. US Treasury sycophants compare it to the 1974 of scarcities and queues (again, with no mention of US manipulation of gold, dollar, oil, food, etc.). Others see another 1977 on the horizon (tho robber barons have long ruled here). Some, July 1980, mass sackings. Some expect July 1983 (pogroms & goons). Yet others, July 1987 (Trinco Oil tanks for 13th amendment, escalating mass murder & terror).

• The power of the US Treasury Department over international banks and NGOs, and its use of sanctions, was made clear again on Wednesday. The US ‘quietly signaled’ it was ‘tweaking’ sanctions against ‘terrorists’ in Afghanistan. Terrorists, who the US had funded to begin with. International banks & NGOs can now legally transfer money to the Taliban. The reason: the US is manipulating factions in the Taliban leaders by dangling cash, having already spent over a billion dollars to split the Taliban.

     The US is now said to be remote-controlling South Asia from their Qatar colony. On January 31, President Biden nominated Qatar as a ‘major non-NATO ally’. Kabul and Doha was then connected by direct flights.

     The headlined news that the US has killed yet another leader of a terrorist group in Syria, provided further fog to hide this news. Also, such triumphal news refuses to ask, what on earth the US is doing in Syria? This is why the forces behind the April 19 Terror cannot be named or brought to justice. Like banks too big to jail, some terrorists have long tails and tell tall tales … (ee Sovereignty, Kabul)

• The US this week sent warships and aerial bombers to the United Arab Emirates to fight Yemen, and take control of the Red Sea. Israel’s military is involved in massive US-led naval war games around the Arabian Peninsula. Oman and Saudi Arabia are also participating, – the first joint military exercise involving both Israel and Saudi Arabia – 2 countries with no formal diplomatic ties.

     Biden is to head for their Indo-Pacific for the next Quad summit hosted by Japan in April. The Quad is pushing the ‘dual containment’ strategy against both China and Russia. The Whites aim to put pressure on Russia to side with them against China, and put pressure on China to side with them against Russia. Meanwhile, the US and its NATO poodles are sending 1,000s of extra troops to Poland and Romania. They will then preach about peace and reconciliation from Geneva’s ski slopes.  

• Look at the vacillating verbs and adjectives used to describe this week’s Colombo stock market. How ridiculous it is to have a country’s economy or news based on such fickle nonsense: ‘losing streak, down, dip, feeble, worst fall, weigh down, plunges, rebound, boost, steady, ease, strong recovery’. Next week, repeat the same word game, a wonky heart monitor, lasting until the big capitalist sharks pull the plug on the wannabe guppies (ee Finance, CSE).

We have to get the words right at least. Or the names. And the dates. All industry, that is not agricultural or handicraft, is indiscriminately labeled ‘manufacture’ by our stupendously arrogant media and their economists. The distinction ‘between two great and essentially different periods of economic history: the period of manufacture proper, based on the division of manual labor, and the period of modern industry based on machinery’ is obliterated (Engels, Preface to the English Edition of Marx’s Capital, 1886)

What exactly is corruption? US ‘founding father’ and slave-trader Benjamin Franklin said, ‘War is robbery, commerce is generally cheating.’ Sri Lanka is run by merchants, who mark up imported products, made for a few cents, over 1,000%! Smugglers stealing dollars out are being caught and named. They’re small fish sent to muddy the water. The big predators are the multinationals and their ‘transfer pricing’ game. Same for regional merchant families.

     The World Bank’s Transparency International declared WB’-funded John Keells as the most ‘moderately transparent’ company in Sri Lanka! Recall that both Keells, Unilever, HSBC, etc, arose out of the slave and opium-selling English East India Company. TI also declared WB-linked Commercial Bank of Ceylon and Japan-linked Dialog Axiata among the least opaque. The Commercial Bank has a former Supreme Court Chief Justice on its board! Apparently, Berlin-based Transparency International compiles the global corruption perception annually. It’s only a few years ago, Germany decided that open corporate bribery is illegal. This was after the US caught German industrial giant Siemens in the act.

     England’s Unilever this week once again, paid for another ad – posing as a news article  – in the Wijeya Group’s Times, that their cancer-causing margarine Astra, supports ‘normal immunity & growth & development of children’. What does ‘normal’ mean? This claim contradicts a 2011 court order that ruled Astra is carcinogenic (see ee Business).

     Japan-linked Wijey SLT Mobile was planting trees this week. Dialog (a front for Japan’s tech) was sponsoring the National Industry Exhibition & Awards Ceremony 2022. Telecom companies spend so much money on advertising (to hide profits) rather than lowering costs and treating customers better, let alone investing its profits in modern industry to make its equipment. Meanwhile, plantation-master Unilever was awarding scholarships to schoolchildren, claiming it’s celebrating ‘18 years of empowering women entrepreneurs’. Ask the tea pluckers!

     Corruption is their only problem and corruption is everywhere except, they say, in white countries and their corporates. But complaints about corruption are itself a type of corruption. They divert from the crying need for major structural transformation. Even if we were ruled by all the 330 million deities, who may all be pure, the truth is there would be no change in an underdeveloping plantation economy.

• So Wijeya Group media monopoly’s Financial Times wants England (its monarchy & government, which they call ‘British’) to apologize for colonizing Sri Lanka. For raising ‘ethnic tensions’! Not for imposing an economy controlled by the import-export plantation oligarchy.

     Kalusuddhas and Anglomaniacs love to speak of how ‘peaceful’ Sri Lanka’s transition to ‘independence’ was in 1948. The same mavens usually call India, ‘the world’s largest democracy’ (with a wink & a nudge, while holding their nose) after lacerating it. Yet independence isn’t built in a day, and the ‘transition’ (to what?), is still ongoing. And anything but peaceful. Several wars of terror, annihilations (no figures available except NATO’s Geneva hallucinations), were prefigured at this birth, when planters with shotguns, pseudo-aristocrats with clubs, stood outside colonial polling booths.

     The state of emergency declared by the English during their WW2 continued after 1948, with whites given special (not elected to) several ministerial posts to protect their monopolies. English banks and mercantile agencies were allowed to snatch capital (protected by English law), and the English military still occupied bases in Sri Lanka. It took until 22 May 1972, after assassinations (not just of a PM but also trade union & peasant leaders), several attempted coups, and insurgency, to rid ourselves not just of London’s control over the courts, but of their Anglo-Hun Queen. Yet England’s capitalists (Astra-loving Unilever & their tea fraud, cancer-spreading CTC & ICI-CIC) still rule.

     Meanwhile, the pleasures of the ‘free education and free healthcare’ we supposedly got, are both praised and vilified. Yet physics PhDs, medicos, etc., educated ‘free’ here since independence, all work abroad for dollars. The country also spends billions to educate students abroad.

The ‘minority’ game protects white minority rule over Asia, Africa and the Americas. In Sri Lanka, this has included also protecting ‘market minority‘ colonial buffers . They have hidden behind white-promoted, divide & rule identity politics in so-called ‘ethnic’ (religious, linguistic, cultural, etc.) conflicts and other fashions.

     After ‘independence’, the interests of mercantile firms continued to be represented by the unelected ‘Appointed’ European members in the Ceylon Parliament, as well as by the local ‘agents’ of multinational corporations (MNCs) who were sponsored for political office. All such representatives and agents prevented the growth of local modern industry, deepening subordination of the economy to foreign interests.

     Robert Singleton-Salmon was an unelected nominated MP in Parliament. He represented the interests of English mercantile houses and sterling companies after ‘independence’. The sterling companies here could be controlled only by English citizens and were subject to English law, and for years post-‘independence’ functioned ‘outside the legal framework of the country’. The colonial economy’s subordination to the merchant and manufacturing interests in England was supported by the Colonial Office and by the subscribers of capital in London. In 1900 Joseph Chamberlain, Secretary of State for the Colonies, was the one of the largest shareholders of Colombo Commercial Co. Singleton-Salmon, the Appointed MP representing English interests until 1972 in successive parliaments post-‘independence’, was Head of the British Ceylon Corporation. BCC owned a soap factory, a drum plant, as well as the biggest coconut oil mill in the country. A huge pipeline carried the oil directly from the factory premises to the port. The mill once produced 110 tons of oil daily, for local use and for export, working nonstop 365 days of the year. Singleton-Salmon used his position in the government to benefit his private company: ‘When the Petroleum Corporation made arrangements to get machinery from abroad to fabricate drums, he prevailed upon the government and got the order to turn out the drums for the Petroleum Corporation at the BCC Factory.’

• The Australia citizen who killed his children then himself, was called Sri Lankan in the news. He says he found himself in ‘a deep dark hole’. Many of the articles had this last line: ‘Assistant commissioner Adams…would not comment on whether Mr Gunathilaka was known to police.’ Dark Hole. Black Hole. Dark Matter. Settler colony. Did his former white in-laws employed in the court system, use the courts to drive him crazy?

• Roman emperor Diocletian (284-305) set up the Diocese of the Orient, initiating the label ‘Orient’, Latin for ‘east’. ‘The East is a career’ wrote Benjamin Disraeli in his novel Tancred: Or, the New Crusade (1847), noting ‘Even Napoleon regretted he had ever recrossed the Mediterranean.’ The East then expanded as ‘Third World’, with a First World (MNCs, comprador bourgeoisie, NGOs) in the Third World, and a Third World (diaspora, brain drain, underpaid) in their First World. In England, their media turned ‘Asian’ into ‘Paki’ (South Asian Brown, but not Black)), In the USA, ‘Asian’ has been turned ‘East Asian’ (Yellow, not so white). Media reported this week, attacks on ‘Asians’ in Anglo-North America have risen 700% in the last year.

     When discussing the origins of such patronizing and colonial labels as ‘developing’, ‘3rd world’, ‘emerging’ etc, ee forgot ‘frontier market’, which issued from a brain working at the World Bank’s International Finance Corporation in 1992, after ‘emerging’ was invented in 1981 as a ‘sexier’ version for ‘3rd world’.

     ‘Third World’ – a politically and epistemologically impossible label – was coined in 1952 by a French anthropologist using ‘tiers monde’ to differentiate countries from Capitalist and Communist. The French said it referred to the Third Estate (tiers état), of commoners who during the French Revolution opposed the clergy (1st Estate) and nobles (2nd Estate).

     Now ‘Frontier’ is a classic colonial or to be more specific ‘settler-colonial’ term, describing those parts of a country holding original people they had still not genocided. ‘Frontier market’ is claimed as ‘a type of developing country’s market economy – more developed than a least-developed country’s, but too small, risky, or illiquid to be generally classified as an emerging market economy’. The East is still a career for ‘development studies’ stormtroopers, white human-rights experts and fund managers!

• One of the benefits for the US’ forever wars is that in the run-up to these wars, they use these threats of war as a way of forcing its current allies and enemies to declare: you’re with us or against us. This tactic is now being used on India, with NYTimes publishing stories about India buying missiles from Russia, spy software, and also mistreating Christians in Nagaland. Now the US doesn’t give a damn about spyware or missiles, as long as you buy it from them, and as for mistreatment, they mistreat their own Christians, let alone those in the US Colony of Israel (ee Sovereignty, Pegasus).

• In March 2021 Argentina’s Central Bank called for an investigation into the 2018 agreement signed by Argentina and the International Monetary Fund (IMF) to determine if the IMF had violated its own Article VI. Between 2018-19, the country’s private sector ferreted out US$45.1 billion!

     Article VI of IMF’s Articles of Agreement reads thus: ‘…no country member may use the Fund’s general resources to face a large or sustained outflow of capital, and the Fund may request that a country member exercise controls to prevent the Fund’s general resources from being so used. If, after having been requested to do so, the member fails to apply the control measures required, the Fund may declare it ineligible to draw on the general resources.’

• ‘The IMF has been transformed into an instrument for prying open ‘3rd world’ markets to foreign capital and for collecting foreign debts. This transformation violates the IMF charter in spirit and substance, and has increased the costs to countries requesting IMF financial aid. The IMF’s operational crisis stems from growing debtor resistance to its policy demands, soaring fiscal costs, and accumulating evidence of IMF policy failure. The IMF is the central agency for enforcing the Bretton Woods Articles of Agreement, whose terms serve as its charter. The objective of the agreement, which was reached by the major capitalist powers toward the end of WWII, was to establish a postwar economic order in which international trade and investment as well as stable, convertible exchange rates would not conflict with high employment, progressive taxation, and other components of welfare capitalism. Controlling international capital flows was judged essential for this entire set of goals to be mutually attainable. Hence, Article VI requires the IMF to deny emergency credits if used ‘to meet a large or sustained outflow of capital,’ authorizes members ‘to exercise such controls as are necessary to regulate international capital movements,’ and mandates the IMF to ask for such controls. In practice, the IMF has neither requested such controls nor suspended credits when they were used to finance capital flight. During the first 3 postwar decades, however, its importance as an emergency lender was subordinated to cold war–motivated official grants and credits in the 1950-60s, and (as ‘foreign-aid fatigue’ set in) to commercial bank lending to assorted 3rd world countries in the 1970s. Since then, the US has found the IMF increasingly useful for handling 3rd world debt crises and for opening 3rd world commodity and asset markets to foreign capital. From minor lender of last resort, the IMF has become the enforcer of foreign debt service and a promoter of integrating developing countries into the G7 financial markets. In pursuing these functions, the IMF has made capital controls a major target of attack, moving from neglect to active violation of Article VI.’ (IMF Bailouts & Global Financial Flows, David Felix)

• ‘The US Department of War Statement on Feb 2, 2022 Counterterrorism Operation in NW Syria, attributable to Pentagon Press Secretary John Kirby, states: ‘US Special Operations forces under the control of US Central Command conducted a counterterrorism mission this evening in northwest Syria. The mission was successful. There were no US casualties. More information will be provided as it becomes available.’

     ‘Successful’! So the years-long arming and nurturing of radical Islamists by the CIA was ‘successful’. The creation of an al-Qaeda infested area in northwest Syria was ‘successful’. To arrange protection of that area from Syrian and Russian forces by NATO-member Turkey, ‘successful’. Providing housing for the first ISIS leader in Barisha, 5km from the Turkish border, ‘successful’. Providing housing for the 2nd ISIS leader in Atmeh, 2km from the Turkish border, ‘successful’. The 2.5hour-long firefight during yesterday’s raid in Atmeh, ‘successful’. The killing of 6 children, 4 women and at least 3 men during the raid, ‘successful’. The mechanical damage (friendly fire?) on one US helicopter, ‘successful’. The complete destruction of said helicopter by bombing it, ‘successful’. The killing of one ISIS honcho Mohamad Saeed Abdul Rahman aka Abdalla Kardas aka Abu Ibrahim al-Hashimi al-Quraishi was ‘successful’. The ongoing creation of more ISIS honchos at the US base at the al-Tanf border crossing between Syria & Iraq will be ‘successful’. So much success.’ (ee Sovereignty, Kabul)

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B. Special Focus_

B1. Forex Crisis & Blah-Blah by Magnates & Economists – Rusiripala Tennakoon

The real economic crisis we are facing is centred around factors very much beyond our control.

     Current debate on economic recovery centred on the foreign reserves of the country is heavily patronised by business magnates & economists. Politicos of all sorts too are offering their expedients and fantasias as they please, to come into the fray with others to portray their identity. In the meantime, a few astute people with a history of talent and experience are expressing their views unbiasedly adding their share to the blah-blah. We the onlookers behold the ongoing play onstage, with new scenes unfolding each time the curtain rises, filled with anxiety.

     The solutions offered by some make us recall the time of …those advocating myth and fancy as panaceas, during the height of the Covid-19 pandemic. The WHO and medical experts were seriously engaged in inventing a vaccine while recommending measures painful but necessary to prevent the spread…

     All this indicates the value of invaluable patience and the endurance displayed by the people in facing the events surrounded by the highly ill-conceived advice and opinions of quacks. People appear to be well-tuned now to face the calamities now before them in the same spirit, despite the storms in the teacups and the crocodiles in the kitchen clay pots often shown by those with ulterior motives.

     I went through some of the views expressed, about the current economic situation of the country, which received the highest publicity in economic circles and the media recently. Astonishing, how strange some of this sounds, nevertheless, they tend to make many believe that ‘defaulting’ the loan repayments instead of settling the dues are the only steps we can now take under these desperate circumstances, as made out by them.

     Some of the experts have gone to the extent of even listing out examples of countries refusing to pay the debts (in this instance, sovereign obligations). We cannot deny these happenings but should we also jump into a well where many were forced to jump in, due to situations of illiquidity, insolvency and other uncontrollable situations like social uprisings, etc.? We have to look at this more carefully without getting carried by emotional factors.

     What is sovereign default? It refers to the failure of the government of a sovereign entity to pay back principal and interest payments when due. The failure to repay debts owed to creditors may be accompanied by a government’s formal declaration that it will not pay owed debts, or sometimes without any formal declaration.

     In this setup let us now take a look at what the ‘top economists’ have to say:

‘Repaying the full value of the bond would provide a windfall gain to those currently holding these bonds.’

     We are at a loss to understand why the investors, whoever they are, should not benefit from their investments. As long as the Government does not incur any payments beyond the contracted values promised to the investors, such a step cannot be justifiably considered as a case of favouring or privileging a party discriminately. This exercise of repaying the bond value to the holders of course is in extreme contrast to what happened in the CBSL bond scam involving the ex-Governor Mahendran, now in exile, diligently and strenuously defended by the then Prime Minister.

     We did not, however, see many of those current-day critics coming forward to denounce that despicable act then, despite the fact that the serious adverse repercussions were to run into several decades. Instead, we saw how some of these critics argued and attempted to sabotage the proceedings to defend the scandalous operation during the COPE investigation stage.

     The top-notch guys appear to have forgotten the possibility of some original purchasers of the ISBs still holding on to their investments awaiting normal maturity payments.

     If we pay these without a default, the very same investors may be influenced to re-invest in the future programs more confidently to benefit by their own speculatory activities which is their business. On the other hand, if we default, what will be the possible consequences? None of the economic advisers advocating a default of payments have addressed this issue.

     ‘At a great cost to the people who will face shortages of their essentials like food, medicine and fuel’

A highly humanitarian consideration more than the economics involved in it! It is the primary duty of the government subject to the limitations, to ensure an uninterrupted supply of the essentials to the public. We are not, according to our belief, that badly deprived of humanitarian support forthcoming from the rest of the world if a need arises to seek even in SOS for such help! Such a move for humanitarian assistance in the most unlikely event such a need arises, will be much better morally as well as ethically than to default on a promise to borrow.

     Talking about food riots and social eruptions cannot be considered as healthy contributions. We can only presume that it is an unwarranted fear expressed by sectors normally not so interested in such areas, presented to rationalise their stand. Sometimes creditable motives are attributed to uncredible ones. But such statements could very well help to instigate civil unrest and commotion. Therefore, within the realm of a demanding responsibility to be responsible and focused on the right issues specially during a critical period, such statements and actions could be construed as veiled attempts to indoctrinate eruptions.

     How realistic it is to say, ‘no forex to import basic foods. No funds for essential drugs and medicines. Power cuts are imminent with the CEB facing fuel shortages. Airlines and Shipping lines will bypass Sri Lanka because of Forex issues…’?,

     We all know these same things can be presented in more hard-hitting terms provoking the minds of people specially the worse-affected masses. The solution offered by such soothsayers is ‘not to pay USD500mn debt maturing next week or USD bond due in June 2022.’

     According to the normal requirements as assessed we need a minimum of approximately $1.5billion to meet our normal monthly import bill for our essential needs. This immediately poses a big question as to how we are going to sustain such a requirement. We cannot forget the ongoing discussions the Government has initiated with other countries to solicit assistance towards such requirements.

     The real economic crisis we are facing is centred around factors very much beyond our control. The immediate necessity of supplying essentials to a ‘starving population’ as is made out is an exaggeration, in callous disregard of this reality. If we can take adequate measures to improve our foreign remittances and supplement our income from sources such as services and tourism, we can very well tide over the difficulties more effectively than by resorting to a default. Defaulting loans and dues will create a worse picture which will discourage remittances further and even inflow of tourists who will think twice before deciding to visit a ‘starving country’ which has defaulted on its own borrowings. They will try to shun such an idea more than being cherished to come to a country in distress to spend their leisure and holiday.

‘Suspending debt payments will drop Sri Lanka’s ratings further’

We do not and cannot dispute this. But strangely this is what the rating agencies were trying to propagate even before it happened. Fortunately, the world is experienced to take the ratings with a ‘pinch of salt’, having seen and sometimes even challenged in legal suits the eventualities the rating agencies have led the investors up the garden path in the past.

     They downgraded us on the probability of default. As a country we have never had a defaulting history. Now when we in actual fact default payments to investors they will downgrade us with no mercy. The consequences will be more dire and gruesome than the comfort anticipated by those who advocate nonpayment. Establishment of their predictions will be important to Rating agencies more than the adversities we have to face arising as consequences to such an action. It looks like they are using various ruses and influences to propagate a realisation of their unwarranted predictions.

     Limited magnanimity of the Samaritans! – It is strange that none of these business magnates touch or even mention other feasible solutions to supplement the revenue of the State. For example, if they volunteer to pay a higher tax component (percentage) or even agree to pay an amount in advance which can be set off against their future commitments, it will be a better relief to the masses whom they are weeping about today.

     Even in the height of imagination we cannot think of such a humanitarian approach by these kindhearted elements. But they wish the country to fall from a non-defaulted state to an insolvent level with considerations such as ‘keeping the people anxious and worried when they will get the next meal for the family’. Obviously, they sound as Good Samaritans, the best among them, as persons who want to compassionately help those in distress only at heart!

     But if and when the masses fall into situations beyond anybody’s help, they may come forward because the entry into the scenario at that stage would be highly profitable.

     Consequences of sovereign default – When sovereign default occurs, there will be various consequences to creditors and the State. The immediate impact of sovereign default to creditors is the loss of the principal amount loaned to the Government and the interest owed on the debt.

     A state defaults on its sovereign debt, by disposing of its debt obligations owed to certain creditors. When a state defaults on its debts, it becomes less attractive to investors, and it will become difficult for the state to access new funds from the international bond market. In other words, defaulting on debts is like putting a noose round the neck and getting ready to jump. Pure and simple suicide but some may call it a sacrifice. What most of these experts are trying to accomplish is to put the whole country into a straightjacket with limited movements.

     A country may issue bonds to investors with a contractual obligation to pay the principal amount and interest to bondholders. The government guarantees to repay bondholders using tax revenues raised from its citizens.

     Now to wind up the discussion, I wish to quote some international references to the different aspects of sovereign defaults, to enable us to understand the correct percept of the so-called goodhearted recommendations of our economic experts, who in no uncertain terms categorically confirm the essential nature of saving forex levels to support living standards by defaulting the payments due on sovereign guaranteed bonds as the solution.

     ‘During the debt period, the government may run into cash-flow problems due to various factors such as political instability, poor investment, mismanagement of investor’s funds, etc’ – Insufficient cash flows impede the government’s ability to pay back debts on time. Sovereign defaults may result in lower credit ratings and increased interest rates, making it difficult for the sovereign state to borrow additional funds from the international bond market.

     Sovereign default occurs when a sovereign entity or state is unable to pay back the principal and interest owed to creditors. Sovereign defaults may be triggered by a struggling economy, political instability, poor investments, overspending, or overleveraged. When a country defaults on its sovereign debt, it receives a lower credit rating, making it difficult to borrow more from domestic and international lenders.

     When investing in sovereign debt, bondholders monitor a sovereign entity’s political stability and financial environment to determine the risk of sovereign default.

     Such a scenario is known as a sovereign debt crisis, which is common in governments that rely on short-term borrowings, since it creates a mismatch between the short-term bond and the long-term value of assets financed through debts. When a country defaults, credit rating agencies will review its financial status and assign it a sovereign credit rating. The rating assigned will depend on various factors such as procedural defaults, failure to abide by the terms and conditions of the debt, and the sovereign entity’s interest expense.’

     Do we need to fall into a situation like this? Or are we to explore all other available options and opportunities to tide over our difficult period using our international relations, our strategic geopolitical importance, the long history of our debt honouring tradition and the possibility of soliciting multilateral assistance from international agencies such as World Bank, Asian Development Bank and IMF, approached with care and diligence, in addition to various bilateral arrangements for financial assistance? There is no doubt we have to explore the possibility of a restructuring plan for our debts in consultation with a multilateral international agency. This possibility the Government has not ruled out.

– ft.lk/columns/Forex-crisis-and-a-plethora-of-platforms-and-solutions/4-730034

______________

B2. British American Tobacco in London Financed a South African Spy Ring OCCRP

This so-called exposé below, from the Organized Crime & Corruption Reporting Project (OCCRP), does not name the spy equipment used. This ‘exposé’ may have come about due to an internal tobacco battle in South Africa between British American Tobacco (BAT) and US-Swiss Philip Morris International (PMI). OCCRP (like the International Consortium of Investigative Journalists/ICIJ, which made the Pandora Papers ‘exposé’) is funded through various imperialist foundations and governments. OCCRP funders include the US Agency for International Development (USAID), ICFJ, US State Department, Swiss Confederation, Google Ideas, George Soros’ Open Society Foundations (OSF), Knight Foundation. Ceylon Tobacco Co (CTC), a BAT subsidiary, holds the monopoly of cigarette and tobacco sales here, with a minor stake owned by PMI. For information on CTC in Sri Lanka, please go to: tobaccounmasked.com

High-level employees from British American Tobacco’s London headquarters oversaw a corporate espionage ring in South Africa, buying expensive surveillance equipment that was later used to illegally spy on the company’s competitors, leaked documents show.

     Allegations that BAT’s South African unit had bribed law enforcement agents to disrupt its competitors’ operations hit headlines in 2016, but no one has been convicted in relation to the claims…

     … BAT officials from London received regular reports on the spy ring, participated in planning, and spent 10,000s of dollars on equipment that was used for illegal surveillance.

     BAT signed off on a total $42.6mn for surveillance between 2012-6, documents show.

     One of the companies targeted, Carnilinx, filed civil charges against the tobacco giant in 2014 after finding a tracking device on one of its vehicles that it believed could be traced back to a security firm contracted by BAT. The civil case was dismissed by a South African court on a technicality, with the judge noting the outcome shouldn’t be seen as a vindication of the tobacco giant. A criminal case against BAT, which was filed later, is still making its way through the courts.

     The scandal left in its wake a revenue agency shaken to its core, and caused a rift of distrust between law enforcement agencies in South Africa

     ’We emphatically reject the mischaracterisation of our conduct by some media outlets,’ BAT said in a statement to OCCRP’s partners, BBC Panorama, Bath University’s Tobacco Control Research Group, and the Bureau of Investigative Journalism. BAT declined to respond to OCCRP’s own questions. BAT has faced similar allegations elsewhere in Africa…

     Desperate TimesBig Tobacco has a sordid history, with the world’s top cigarette makers found guilty of smuggling their own products in various countries, and covering up the link between cigarettes and cancer

     As the 21st century began, BAT brands accounted for up to 95% of South Africa’s national market. But the number of smokers was shrinking, with the share of the population falling from 33% in 1993 to 20% in 2017.

     At the same time, smaller manufacturers were undermining BAT South Africa’s dominant position, selling their cigarettes for half the price of the established brands, while a booming illicit trade in cigarettes was further eroding the tobacco major’s share. So BAT, the maker of Dunhill and Lucky Strike, spent millions of dollars setting up a spy network of agents embedded in its competitors’ businesses.

     The foot soldiers who formed the nucleus for the offensive came from Forensic Security Services (FSS), a private South African security firm that BAT employed at an estimated cost of 600 million South African rand ($42.6mn) paid out over 4 years. Through FSS, BAT co-opted law enforcement agencies and employed state intelligence and law enforcement officers who impounded competitors’ products and even used traffic cameras to spy on rivals…

     Correspondence, affidavits, and other documents show 3 former English intelligence officers, who answered directly to senior BAT employees, travelled regularly between London and South Africa, conducting training of FSS operatives, signing off on payments, recruiting and running their own agents, and overseeing surveillance operations.

     ‘BATSA management had me trained in industrial espionage by ex-UK military intelligence agents,’ former FSS operative Francois van der Westhuizen told South African media.

     ‘We were trained in vehicle tracking systems, counter surveillance and information peddling. We were tasked to spy on local cigarette manufacturers.’

     Lawyers for all 3 of the former English intelligence officers denied they had ever broken the law and said they adhered to BAT’s policies.

     The Network – At BAT’s bidding, FSS set up a network of informants and undercover agents to feed them inside information on the competition…

     FSS tactics included bribing law enforcement officials to raid BAT’s competitors’ premises, ‘under the guise of conducting raids, to obtain copies of invoices, production sheets and documents’ that would be turned over to BAT South Africa. FSS agents also sabotaged machinery, conducted surveillance, intercepted phone conversations, and tracked the vehicles of BAT’s competitors.

     These operations were repeatedly reported back to BAT division heads based in London.

     The leaked documents include an outline for an operation aiming to ‘cause a substantial rift between the distributors… through means of jealousy or false reports.’ Minutes from a meeting between FSS and BAT South Africa record the question: ‘Can we utilise current network to ‘set up’ anyone?’

     The documents also show FSS collected photos of competitors’ invoices and delivery notes, and of the machinery in their factories.

     BAT’s agents included Belinda Walter, an attorney acting for Carnilinx and the founding chairperson of the Fair-Trade Independent Tobacco Association, an industry body representing smaller independent manufacturers. Walter later publicly admitted that she had spied on her own clients for both BAT and the State Security Agency, while also infiltrating South Africa’s revenue agency

     According to him, FSS was even granted access to a bank of 240 police cameras across Johannesburg, which allowed agents to monitor Carnilinx’s vehicles around the clock. ‘A special camera, camera number 5, was strategically positioned so as to allow FSS to view Carnilinx’s premises,’ he claimed, attaching to the affidavit several photographs of private property he said he obtained using this camera…

     High-Tech Surveillance – The leaked documents show FSS invested heavily in surveillance equipment to track what BAT’s competitors were doing, from their movements to their correspondence.

     In July 2013 FSS bought a Desert Wolf surveillance vehicle, touted on the company’s website as an ‘ultra-capable roaming surveillance system,’ equipped with a tactical command & control center. BATSA was copied on emails regarding outstanding payments, indicating that the vehicle was intended for the tobacco company’s use

     Members of BAT’s spy ring also targeted the phones of Carnilinx employees and directors, intercepting their calls, installing secret software on their cell phones, and using hidden cameras to track their movements, van der Westhuizen claimed.

     The leaked records show FSS billed BAT for more than $150,000 on operations that involved probers, cell phone surveillance and disbursement to agents. The company made use of highly specialized technical equipment including drones, cameras, and a ‘Black Widow’ solar-powered surveillance vehicle capable of wide-ranging infiltration.

     FSS also prepared a detailed guide on how to access the information on people’s cell phones using spyware, including browser histories and WhatsApp messages, as well as how to track a phone’s location and activate its microphone remotely to listen in on conversations.

     An FSS employee explained in a funding request to BAT: ‘To get the software installed on a phone will require more than your average operation and some clever thinking from our part, but I am confident in our ability to rise to the occasion’

     One FSS document instructs agents to avoid certain words that could raise red flags: ‘Always refer to insource/outsource and not electronic monitoring, plugging, advanced monitoring or beacon on. ‘Always refer to Investigation done, and not observation, surveillance or monitoring’…

     Carnilinx took legal measures to fight back against BAT. The South African firm lodged corruption charges against BAT’s directors, accusing them of corporate espionage, and accusing various government entities of giving preferential treatment to the tobacco giant.

     But no charges stuck to BAT, despite revelations about the company’s espionage activities and allegations of corruption that leaked out over years.

     – occrp.org/en/investigations/bats-uk-headquarters-oversaw-and-financed-a-south-african-spy-ring

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C. News Index______________________________________________

ee News Index provides headlines & links to make sense of the weekly focus of published English ‘business news’ to expose the backwardness of multinational, corporate controlled ‘local media’:

C1. Sovereignty

(ee is pro-politics, pro-politician, pro-nation-state, anti-corporatist, anti-expert, anti-NGO)

ee Sovereignty news emphasizes sovereignty as economic sovereignty – a strong nation is built on modern (machine-making) industrialization fueled by a producer culture.

• Hemas joins global multinationals to pull out from Myanmar

‘Hemas has a pharmaceutical distribution operation in Myanmar under Hemas Mandalar Pharmaceutical Limited, in which Hemas Holdings PLC has 35 percent stake… Two weeks ago energy giants, Total Energies SE and Chevron Corp. announced they would exit in six months.’

– dailymirror.lk/business-news/Hemas-joins-global-multinationals-to-pull-out-from-Myanmar/273-230478

• 4th of February effectively rubbished 22nd of May

– dailymirror.lk/opinion/Notes-for-an-essay-on-Independence/231-230365

• Gajaba Regiment’s Chagie issues dire warning as country celebrates independence

– island.lk/chagie-issues-dire-warning-as-country-celebrates-independence/

• Prez says current crises not long-term, his plans on track

– island.lk/prez-says-current-crises-not-long-term-his-plans-on-track/

• Human rights: FM challenges Neelan Tiruchelvam Trust over its representations to Geneva

– island.lk/human-rights-fm-challenges-neelan-tiruchelvam-trust-over-its-representations-to-geneva/

– dailymirror.lk/breaking_news/Statement-made-by-Chairperson-of-Neelan-Tiruchelvam-Trust-decried-by-Foreign-Ministry/108-230509

• Dharmapala and the Sinhala Buddhist – Nalin de Silva

‘Olcott Buddhists and non-believers did not allow him to stay in the country’

– kalaya.org/?p=4998

• Encroaching Indian fishing vessels clash with Lankan boats in Northern ‘Sea of Sri Lanka’.

‘Two bodies of Sri Lankan fishermen lost at sea in a separate incident, were recovered yesterday with families pointing responsibility at Indian fishing vessels. Encroachment by Indian fishing vessels into Sri Lankan Northern territorial waters has reached fever-pitch with daily incursions being recorded

– newsfirst.lk/2022/02/01/encroaching-indian-fishing-vessels-clash-with-lankan-boats-in-n-sea-of-sri-lanka/

– island.lk/foil-bid-to-legitimise-illegal-fishing/

• Ensure participation of TN fishers in Katchatheevu fest: Tamilnadu Stalin

– dailymirror.lk/breaking_news/Ensure-participation-of-TN-fishers-in-Katchatheevu-fest-Stalin/108-230550

• Foreign Minister to undertake two-day visit to India

– dailymirror.lk/breaking_news/Foreign-Minister-to-undertake-two-day-visit-to-India/108-230505

• Federation of Sinhala Organisation faults Govt. for flawed Geneva strategy

– island.lk/govt-faulted-for-flawed-geneva-strategy/

• Efforts to revive LTTE

‘absolutely vital that Sri Lanka takes immediate action to implement the full scope of Security Council Resolution 1373, if terrorism is not to recur’

– island.lk/efforts-to-revive-ltte/

• TNA calls for Geneva intervention again

– island.lk/tna-calls-for-geneva-intervention-again/

• 13A swap, dependent integration, Tamil thinking, Ranil’s roll-out
– ft.lk/columns/13A-swap-dependent-integration-Tamil-thinking-Ranil-s-roll-out/4-730056

• Set up International Memorial Museum on Colonial Crimes in Lanka at old Bogambara Prison

– lankaweb.com/news/items/2022/01/30/proposal-to-set-up-an-international-memorial-museum-on-colonial-crimes-in-sri-lanka-at-the-old-bogambara-prison-site-kandy/

• English monarchy must apologise on 74th year of independence for colonising Sri Lanka and

 raising ethnic tensions

– ft.lk/columns/British-monarchy-must-apologise-on-74th-year-of-independence-for-colonising-Sri-Lanka/4-730055

• Busiest maritime trade route across the Indian Ocean is only 12 nautical miles away from us.

– island.lk/wide-ranging-plans-to-sharpen-sls-dpl-thrust-politically-economically-colombage/

• SWRD referred to the need of the hour to win economic freedom having won political freedom

‘Sri Lanka’s ‘real’ Independence came only in 1956 when it closed the last British military post, or in 1972 when it became a Republic’

– sundaytimes.lk/220130/editorial/feb-4-a-day-to-honour-patriots-past-470998.html

• Sumanthiran, the begging bowl and “self-determination”

– island.lk/sumanthiran-the-begging-bowl-and-self-determination/

• Will centralizing Modi support Lankan Tamils’ demand for federalism?

‘The All India General Sales Tax (GST) has taken away much of the financial autonomy of the States. The country’s federal indirect tax regime has become unitary’

– lankaweb.com/news/items/2022/01/31/will-centralizing-modi-support-lankan-tamils-demand-for-federalism/

 • TN police on high alert over probable regrouping of LTTE

‘Several organisations with a Tamil identity including NGOs were under the watch of the central agencies after they tried to conduct webinars and public programmes against the Chinese investments in Sri Lanka. Sources in the central agencies told IANS that these organisations could possibly provide a cover to get ground support for Tamil nationalism in the rural areas of Tamil Nadu at the expense of the Chinese expansion. ‘

– dailymirror.lk/breaking_news/TN-police-on-high-alert-over-probable-regrouping-of-LTTE/108-230113

– island.lk/indias-nia-probes-bid-to-revive-ltte/

• TN Police bust gang raising funds for LTTE

 – island.lk/tn-police-bust-gang-raising-funds-for-ltte/

• Families of missing persons protest Minister GL in Jaffna

‘USAID’s National Peace Council (NPC launches ‘Adhikaranabhimani’ programme’

– island.lk/npc-urges-govt-to-ensure-lasting-reconciliation/

– island.lk/northern-response-shows-need-for-prior-consultations/

– island.lk/prof-peiris-denies-geneva-sessions-influenced-their-jaffna-visit/

• Commemorating independence with reconciliation

– island.lk/commemorating-independence-with-reconciliation/

• Post-war national reconciliation: Austin questions govt. strategy, lambasts doublespeak

– island.lk/post-war-national-reconciliation-austin-questions-govt-strategy-lambasts-doublespeak/

• No strings attached to Sino-Lanka ties – Lankan envoy in China

– lankaweb.com/news/items/2022/01/30/no-strings-attached-to-sino-lanka-ties-lankan-envoy-in-china/

• US reminds India it’s showtime – Pegasus, ‘ultimate spyware’ from Israel, is back in news cycle

‘since 2014, the Modi government has gone far beyond any previous Congress-led regimes in taking India to the US stable. It has been a dangerous poker game, in which the ruling elite, weaned on Chanakya, was sure it would ultimately outwit Washington’

– indianpunchline.com/us-reminds-india-its-showtime/

• Lakshman Kadirgamar Institute & EU host conference on EU-Indo-Pacific Strategy

– dailymirror.lk/news-features/LKI-EU-host-conference-on-EU-Indo-Pacific-Strategy/131-230237

– island.lk/eu-underscores-importance-of-engagement-with-sl-on-indo-pacific-strategy/

• Roshani and Niroshani Leanage awarded French Knighthood

‘LIFT as the official representative for the University of Northampton, England, and partnership with Mod’Art International Paris school of fashion’

– island.lk/roshani-and-niroshani-leanage-awarded-the-knight-of-the-order-of-arts-and-letters/

• Air Chief Marshal Dias to Kuala Lumpur mission after Canadian and Italian rejection

– island.lk/dias-takes-over-kuala-lumpur-mission-after-unjustified-canadian-and-italian-rejection/

• Canada’s Provincial Bill 104 -Tamil Genocide Education Week Act

– lankaweb.com/news/items/2022/01/31/bill-104-tamil-genocide-education-week-act/

• Senior LTTE leader Adele Balasingham still living in London!

– island.lk/seeking-justice-church-sets-example/

• England takes ‘very seriously’ allegations in International Truth and Justice Project report

– dailymirror.lk/latest_news/UK-Govt-takes-very-seriously-on-allegations-mentioned-in-ITJP-report-on-SL/342-230445

• The Killing of LTTE Eastern Political Commissar Kausalyan

– dailymirror.lk/dbs-jeyaraj-column/The-Killing-of-LTTE-Eastern-Political-Commissar-Kausalyan/192-230549

• US sanctions on Bangladesh’s RAB

– lankaweb.com/news/items/2022/02/02/should-the-us-government-consider-congressman-gregory-w-meeks-recent-comments-regarding-us-sanctions-on-bangladeshs-rab-seriously/

• Full-blown guerrilla war takes shape in Myanmar

– island.lk/full-blown-guerrilla-war-takes-shape-in-myanmar/

• US pips regional states at race for Kabul

‘Washington is manipulating the Taliban faction leaders by dangling in front of them the carrot of lifting of sanctions’

– indianpunchline.com/us-pips-regional-states-at-race-for-kabul/

• Why Russia-China partnership is effective

– indianpunchline.com/why-russia-china-partnership-is-effective/

• The Great Russian Chinese Fireworks Of Beijing

– moonofalabama.org/2022/02/the-great-russian-chinese-fireworks-of-beijing/comments/page/2/#comments

• Anti-Asian hate crimes in USA up 339% last year

– radiohc.cu/en/noticias/internacionales/284775-anti-asian-hate-crimes-up-339-last-year

• Australia Day marks beginning of massacres, land theft, stolen children & oppression

– island.lk/why-we-celebrate-australia-day-on-january-26/

• How England’s Bankers Made Billions From The End Of Empire | Timeline

‘England transformed from a colonial power into a global financial power: At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands.’

– youtube.com/watch?v=-YgFDZNXPyg

• Pentagon sends warship and planes to UAE

– radiohc.cu/en/noticias/internacionales/285027-pentagon-sends-warship-and-planes-to-uae

• Iraq arrests U.S. mercenary tied to Baghdad airport attack

– radiohc.cu/en/noticias/internacionales/284586-iraq-arrests-us-mercenary-tied-to-baghdad-airport-attack

• Nearly 2,000 child soldiers killed in Yemen war: UN

– adaderana.lk/news/80257/nearly-2000-child-soldiers-killed-in-yemen-war-un

• Saudi-led coalition heavily bombs Yemen after Israeli president visits UAE

– radiohc.cu/en/noticias/internacionales/284772-saudi-led-coalition-heavily-bombs-yemen-after-israeli-president-visits-uae

• Feb. 2, 2022, US Terrorism Operation in Northwest Syria Succesful!

– moonofalabama.org/2022/02/successful.html

– radiohc.cu/en/noticias/internacionales/284950-civilians-including-children-killed-in-us-special-operations-raid-inside-syria

• English Government Laundered Fake U.S. ‘Intelligence’ On Ukraine

– moonofalabama.org/2022/01/china-where-everything-vanishes.html

• The future of Ukraine is not Washington’s main goal

– moonofalabama.org/2022/01/the-moa-week-in-review-ot-2022-009

• Why it’s Time to Take Russian-Led Military Alliance Seriously

– newsclick.in/why-time-take-russian-Led-military-alliance-seriously

• The Petro-War of Chrystia Freeland: Canada’s Military Support for Ukraine

‘Canada may have the biggest Ukrainian community outside of Ukraine, but the Ukrainian lobby does not explain everything. Behind the Ukrainian lobby is the oil lobby.’

– socialistproject.ca/2022/01/the-petro-war-of-chrystia-freeland/

• Putin names possible reason for Russia-NATO war

– newsfirst.lk/2022/02/02/putin-names-possible-reason-for-russia-nato-war/

• How A Misguided Grand Strategy Led To This U.S. Defeat

‘U.S. that launched the ‘Russia’s imminent invasion of Ukraine’ propaganda campaign. On October 30 2021 the Washington Post published the first stenographed piece on it’

– moonofalabama.org/2022/02/how-misguided-grant-strategy-led-to-the-us-defeat

• Casual Racism and the New Cold War

‘The irrational fear and dehumanization of Russia and China has stunted popular opposition to the U.S.’s endless warmongering’

– blackagendareport.com/casual-racism-and-new-cold-war

• The US Black Political Class and War

‘What passes for Black leadership is always a joke played upon Black people’

– blackagendareport.com/us-black-political-class-and-war

• Crisis or Confusion? A Brief Guide for Black Folk on the Situation in Ukraine

– blackagendareport.com/crisis-or-confusion-brief-guide-black-folk-situation-ukraine

• Burkina Faso Military Coup Reflects Wave of Insecurity in West Africa

– blackagendareport.com/burkina-faso-military-coup-reflects-wave-insecurity-west-africa

• AFRICOM Watch – February 2022

‘The creation of the U.S. Africa Command (AFRICOM) in 2008 is only the logical development of a process of control meant to deny Africans democracy, self-determination and dignity’

– blackagendareport.com/africom-watch-february-2022

• Eritrea and the Tripartite Alliance in the Horn of Africa

– blackagendareport.com/eritrea-and-tripartite-alliance-horn-africa

• French envoy given 72 hours to leave African country over hostile comments

– radiohc.cu/en/noticias/internacionales/284639-french-envoy-given-72-hours-to-leave-african-country-over-hostile-comments

• Resolution on Neocolonialism, Cairo, 1961

‘All-African People’s Conference, in Cairo in 1961, delegates drafted a comprehensive and radical set of resolutions on neocolonialism: “an indirect and subtle form of domination by political, economic, social, military or technical means.”’

– blackagendareport.com/document-resolution-neocolonialism-cairo-1961

• Africa and Lenin’s Theory of Imperialism

– blackagendareport.com/africa-and-lenins-theory-imperialism

• US Blockade Against Cuba Turns 60

‘One fails to understand how it has been possible for the US to act against millions of people for so long and with so much hatred, a hatred without limits or rational explanation’

– newsclick.in/blockade-against-cuba-turns-60

• The Maroons of Jamaica and their rights as Indigenous Peoples

– blackagendareport.com/maroons-jamaica-and-their-rights-indigenous-peoples

• Venezuelans take to the streets to celebrate 30th anniversary of rebellion

– radiohc.cu/en/noticias/internacionales/285111-venezuelans-take-to-the-streets-to-celebrate-30th-anniversary-of-rebellion

• Brazilian TSE President affirms that Dilma Rousseff suffered a coup d’état

– radiohc.cu/en/noticias/internacionales/285125-brazilian-tse-president-affirms-that-dilma-rousseff-suffered-a-coup-detat

• Northern Ireland commemorates 50th anniversary of Bloody Sunday

– radiohc.cu/en/noticias/internacionales/284526-northern-ireland-commemorates-50th-anniversary-of-bloody-sunday

• England’s Royal Debacle

– lankaweb.com/news/items/2022/02/02/british-royal-debacle/

• Sad but true, no UN investigations into US crimes.

– dailymirror.lk/opinion/War-Crimes-Crimes-Against-Humanity-and-the-UNHRC-EDITORIAL/231-230297

• The Biden Administration: One Year in and We’re Still Left Out

– blackagendareport.com/biden-administration-one-year-and-were-still-left-out

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C2. Security (the state beyond ‘a pair of handcuffs’, monopolies of legitimate violence)

ee Security section focuses on the state (a pair of handcuffs, which sposedly has the monopoly of legitimate violence), and how the ‘national security’ doctrine is undermined by private interests, with no interest in divulging or fighting the real enemy, whose chief aim is to prevent an industrial renaissance as the basis of a truly independent nation.

• Five arrested for smuggling foreign currency out of forex-crisis-hit Sri Lanka

– economynext.com/five-arrested-for-smuggling-foreign-currency-out-of-forex-crisis-hit-sri-lanka-90024/

• Two currency smugglers arrested with € 46,000

– newsfirst.lk/2022/02/02/two-currency-smugglers-arrested-with-e-46000/

• ‘We purchased weapons from North Korea using Black Market Dollars’ – Minister Basil R.

– newsfirst.lk/2022/01/31/we-purchased-weapons-from-north-korea-using-black-market-dollars-minister-basil-r/

– adaderana.lk/news/80302/fm-refutes-alleged-weapon-purchases-from-n-korea-using-black-market-usd

– dailymirror.lk/latest_news/SF-unaware-of-weapons-purchased-from-North-Korea-BR-reverts-his-statement/342-230376

– economynext.com/sri-lanka-foreign-minister-refutes-claims-of-weapon-purchase-from-north-korea-90094/

• Sri Lanka finance minister requests media not to probe his North Korea comments

– economynext.com/sri-lanka-finance-minister-requests-media-not-to-probe-his-north-korea-comments-90181/

• Turkish, Nigerian & Indonesia DAs meet Army Chief

– newsfirst.lk/2022/02/03/turkish-nigerian-indonesia-das-meet-army-chief/

• Galle port became the HQ of the Southern Naval Command.

‘It helped operationalize the Rubber-Rice Pact with China in the 1950s, served the Prima Flour Company and brought clinker to the Cement Factory’

– dailymirror.lk/opinion/Factors-that-shaped-Galle-ports-varying-fortune/172-230234

• The Battle for the World’s Most Powerful Cyberweapon

‘Times investigation reveals how Israel reaped diplomatic gains around the world from NSO’s Pegasus spyware — a tool the USA itself purchased but is now trying to ban… NSO Group, the world’s most notorious maker of spyware.’

– nytimes.com/2022/01/28/magazine/nso-group-israel-spyware.html

• The New Spy Wars

– nytimes.com/2022/01/28/briefing/pegasus-spyware-espionage-cyberwarfare.html

• FBI Secretly Bought Israeli Spyware and Explored Hacking U.S. Phones

– nytimes.com/2022/01/28/world/middleeast/israel-pegasus-spyware.html

– radiohc.cu/en/noticias/internacionales/285107-fbi-claims-it-tested-pegasus-spyware-but-did-not-use-it

• Federation of IT industry Chairman reiterates importance of Data Protection and Privacy

– ft.lk/front-page/FITIS-Chairman-reiterates-importance-of-Data-Protection-and-Privacy-legislation/44-729920

• SC grants leave to proceed to petitions challenging de-radicalisation regulations

– island.lk/sc-grants-leave-to-proceed-to-petitions-challenging-de-radicalisation-regulations/

– sundaytimes.lk/220130/columns/lankas-mighty-labours-in-bringing-forth-a-wee-pta-mouse-470808.html

• Govt to amend controversial anti-terror law

– island.lk/govt-to-amend-controversial-anti-terror-law/

• Proposed PTA Amendments fall short – Movement for Equal Rights

– dailymirror.lk/plus/Proposed-PTA-Amendments-fall-short/352-230240

– island.lk/zuhair-pta-amendments-do-not-address-real-issues/

• PTA cannot be reformed; it must be repealed: International Commission of Jurists (ICJ)

– timesonline.lk/news-online/PTA-cannot-be-reformed-it-must-be-repealed-ICJ/2-1136685

• Special force to thwart corruption and misconduct in prisons

– island.lk/special-force-to-thwart-corruption-and-misconduct-in-prisons/

• Army’s latest military hardware, the Unicob- MRAPV

– newsfirst.lk/2022/01/31/video-armys-latest-military-hardware-the-unicob-mrapv/

• United Nations Interim Force in Lebanon-bound military contingent with first women soldiers

– adaderana.lk/news/80261/passing-out-of-unfil-bound-military-contingent-with-first-group-of-women-soldiers-

– newsfirst.lk/2022/01/31/unifil-bound-military-contingent-includes-first-group-of-women-soldiers/

• Army has 200,000 regular personnel with another 40,000 plus reservists

– island.lk/pride-of-nation-or-boru-show/

• Promotions for over 2,500 Air Force personnel on Independence Day

– adaderana.lk/news/80363/promotions-for-over-2500-air-force-personnel-on-independence-day

• 480 Army officers, 8034 other rankers promoted on Independence Day

– dailymirror.lk/breaking_news/480-Army-officers-8034-other-rankers-promoted-on-Independence-Day/108-230430

• Presidential Pardon for 197 prisoners

– newsfirst.lk/2022/02/04/presidential-pardon-for-197-prisoners/

• Dayan Jayatilleka Replies To ‘Dinner Guest’

 – island.lk/dr-dayan-jayatilleka-replies-to-dinner-guest/

• How the plot would unfold – 1962 coup – Part IV

‘Former Prime Ministers Sir John Kotelawala, Dudley Senanayake, and Sir Oliver Goonetilleke knew’

– island.lk/how-the-plot-would-unfold/

• Seekku Baduge Wimalasena de Silva, fourth President of Industrial Security Foundation (ISF)

– island.lk/a-rare-officer-with-honesty-and-integrity-of-a-high-order/

• No 05 Jet Squadron celebrates 31st anniversary

– island.lk/no-05-jet-squadron-celebrates-31st-anniversary/

_____________________________________________________________

C3. Economists (Study the Economists before you study the Economics)

ee Economists shows how paid capitalist/academic ‘professionals’ confuse (misdefinitions, etc) and divert (with false indices, etc) from the steps needed to achieve a modern industrial country.

• Forex crisis and a plethora of platforms and solutions – Tennakoon

– ft.lk/columns/Forex-crisis-and-a-plethora-of-platforms-and-solutions/4-730034

• Moragoda stresses Trincomalee Oil Tank Farms & Port to elevate Lanka-India economics

‘Vivekananda International Foundation thinktank in New Delhi…Dinkar Srivastav, former Ambassador of India to Iran, Lt. General Ravi Sawhney, former Deputy Chief of the Army Staff and Anil Devli, CEO of the Indian Ship Owners’ Association.’

– island.lk/hc-moragoda-stresses-importance-of-developing-8-thrust-areas-to-elevate-lanka-india-economic-relations/

– island.lk/moragoda-explains-how-to-elevate-sri-lanka-india-economic-relations-to-a-strategic-level/

• Telltale sign of policy vacillation by the Central Bank

– bizenglish.adaderana.lk/biz-sentiment-holds-amid-the-rubble-of-multiple-crises-and-a-state-of-paralysis/

• Wimal, Vasu, Gammanpila…hold talks to find a way out for Govt

‘Communist Party’s DEW blames Govt.’s poor strategy for economic crunch’

– sundaytimes.lk/220130/columns/govt-people-trust-deficit-widens-slpps-coalition-partners-prepare-papers-to-offer-solution-to-crisis-471005.html

• SL hopes to manage economic crisis in six months, FinMin, CB leading debt talks: Minister

– economynext.com/sri-lanka-hopes-to-manage-economic-crisis-in-six-months-finmin-cb-leading-debt-talks-minister-90090/

• Organisation of Professional Associations lists 17 ways for economic resurgence in a crisis

‘take steps towards establishing an “Export industry-based Ombudsman’s office’

 – ft.lk/columns/OPA-lists-17-ways-for-economic-resurgence-in-a-crisis/4-729958

• Impact of forex crisis and solutions for national economy: Daily FT-ICC Sri Lanka webinar

‘One keynote speaker was Shekhar Shah, Former Director General of NCAER and a former World Bank Regional Economic Adviser for South Asia… panels featured former Minister Harsha de Silva, MP; Verité Research’s Nishan de Mel; HNB, NDB and Cargills Bank’s Rajendra Theagarajah; World Bank’s Senior Economist Sibel Kulaksiz; Oxford Political Review’s Brian Wong; World Economic Forum Experts Network Member Talal Rafi; United Nations ESCAP’s Alberto Isgut; and Ceylon Chamber of Commerce and the Employers’ Federation’s Chairman Suresh Shah’

– ft.lk/opinion/Impact-of-forex-crisis-and-solutions-for-national-economy/14-730033

• Sri Lanka Growth Strategy 2022: Need for building consensus at different levels stressed

‘organised by NextGenSL and World Bank, recently, World Bank Chief Economist Hans Timmer, World Bank Country Director Faris Hadad-Zervos, former Chairman Ceylon Chamber of Commerce and Pathfinder Foundation’s Rajendra Theagarajah, Economist Dr. Roshan Perera, People’s Leasing and Finance’s Shamindra Marcelline and Brandix’s Hasitha Premaratne’

– island.lk/sri-lanka-growth-strategy-2022-need-for-building-consensus-at-different-levels-stressed/

• Eran reveals SJB’s economic policies

– island.lk/eran-reveals-sjbs-economic-policies/

– ft.lk/front-page/Lack-of-transparency-on-way-forward-presents-grave-concerns-SJB/44-730106

• IMF has never said to reduce workers – Ranil

‘They may say not to increase the workforce, which they told us in 2001. ‘

– ft.lk/front-page/We-need-a-long-term-national-plan-to-steer-this-country-Ranil/44-729925

– island.lk/ranil-insists-on-getting-imf-help-to-get-out-of-current-economic-mess/

• IMF no longer neo-liberal – Tisaranee Gunasekara

‘Any restructuring pain should be borne by its citizens’

– ft.lk/columns/No-magic-portal-out-of-badlands/4-730039

• Sumanthiran leads MPs’ call: Postpone debt repayment now

– island.lk/sumanthiran-leads-mps-call-postpone-debt-repayment-now/

• Eliminate regulatory barriers to export growth & FDI, privatize state enterprises – Abeyratne

– sundaytimes.lk/220130/business-times/forex-for-hand-to-mouth-470599.html

• Sri Lanka’s elevated corruption perception by Berlin needs immediate attention – Wijewardena

‘Berlin-based Transparency International compiles the global corruption perception annually’
– ft.lk/columns/Sri-Lanka-s-elevated-corruption-perception-needs-immediate-attention/4-729866

• A Pathfinder perspective on urgent reforms to resuscitate economy

– island.lk/a-pathfinder-perspective-on-urgent-reforms-to-resuscitate-economy/

• Sri Lanka at the edge of an economic abyss on its 74 th. Independence Day – Balachandran

– lankaweb.com/news/items/2022/02/04/sri-lanka-at-the-edge-of-an-economic-abyss-on-its-74-th-independence-day/

• Cash-strapped Sri Lanka appeals to expats to send money – Mail Online

– lankaweb.com/news/items/2022/02/04/cash-strapped-sri-lanka-appeals-to-expats-to-send-money/

• Bandula urges Govt. to use Export Development Fund to support private sector

– ft.lk/front-page/Bandula-urges-Govt-to-use-Export-Development-Fund-to-support-private-sector/44-729924

• Dhammika’s seven-pronged strategy to overcome SL’s foreign exchange crisis

– lankaweb.com/news/items/2022/01/30/businessdhammikas-seven-pronged-strategy-to-overcome-sls-foreign-exchange-crisis/

• Surrounded by the Indian Ocean, many can’t afford sardines

‘We produce good quality rubber, but vehicle owners are frantically hunting for tyres as they have to be imported’

– dailymirror.lk/opinion/Back-to-firewood-every-politician-should-try-it/172-230124

• Sri Lanka use of reserves for imports is a deadly false choice: Bellwether

– economynext.com/sri-lanka-use-of-reserves-for-imports-is-a-deadly-false-choice-bellwether-90029/

• Chinese narrative on the Sri Lankan debt crisis – Indian Observer Research Fund

– lankaweb.com/news/items/2022/02/01/chinese-narrative-on-the-sri-lankan-debt-crisis/

• Advocata ’rice and curry index’: Break in rising food prices for January

– timesonline.lk/news-online/Advocata-rice-and-curry-index-Break-in-rising-food-prices-for-January/2-1136709

• In 1991, India shipped gold to London to obtain temporary credit relief

– dailymirror.lk/opinion/Feb-4-The-independence-and-beyond/172-230233

• How AI Evolved In Money

‘Previously we spoke about how Capital is a form of AI. How commodities are artificial lifeforms, given life by the congealed blood of labor. Now we’ll discuss the ecosystem these creatures live in’

– indi.ca

• Centre Pursuing a Perverse Fiscal Policy, Helping Capitalists: Prabhat Patnaik

‘Is taxing the rich the only way forward to save India’s declining economy?’

– newsclick.in/centre-pursuing-perverse-fiscal-policy-helping-capitalists-prabhat-patnaik

• Concentration of Capital Flow Has Enhanced Inequality

– newsclick.in/concentration-capital-flow-has-enhanced-inequality

• China’s State-owned Enterprise Reform Model

– mp-weixin-qq-com.translate.goog/s/S6vXatDxHbe8Gg0DTIk-qQ

• Privatization, Blended Finance & Canada’s Development Policies: A Pan-African Feminist Critique

– socialistproject.ca/2022/02/privatization-blended-finance-and-canadas-development-policies/

• US Fed sees March rate hike, but no roadmap after that

– ft.lk/front-page/Fed-sees-March-rate-hike-but-no-roadmap-after-that/44-730009

• Portugal: Socialists on their own – Roberts

– thenextrecession.wordpress.com/2022/01/31/portugal-socialists-on-their-own/

• Ignoring England’s ‘Economygate’, Media plays up Boris’ Partying – Roberts

‘Ben Broadbent, one of the BoE deputy governors, said “extraordinary” rises in global energy prices are a key factor beyond the Bank’s control, with even bigger increases than during the oil price shock 50 years ago’

– thenextrecession.wordpress.com/2022/02/04/the-uks-economygate/

• Rosa Luxemburg and Debt as an Imperialist Instrument

– socialistproject.ca/2022/02/rosa-luxemburg-and-debt-imperialist-instrument/

____________________________________________

C4. Economy (Usually reported in monetary terms)

ee Economy section shows how media usually measures economy by false indices like GDP, etc., in monetary terms, confusing money and capital, constantly calling for privatization, deregulation, moaning about debt & balance of payments, without stating the need for modern industrial production.

• Sri Lankans living abroad must invest in motherland for betterment of the country: Prez

– themorning.lk/sri-lankans-living-abroad-must-invest-in-their-motherland-for-the-betterment-of-the-country-prez/

• Sri Lanka has to settle USD 12.5 Bn in ISB over the next seven years – Cabraal

– newsfirst.lk/2022/01/24/sri-lanka-has-to-settle-usd-12-5-bn-in-isb-over-the-next-seven-years-cabraal/

• IMF says it is ’ready’ to help Sri Lanka – if asked

– dailymirror.lk/latest_news/IMF-says-it-is-ready-to-help-Sri-Lanka-if-asked/342-230498

– economynext.com/imf-says-it-is-ready-to-help-sri-lanka-if-asked-90189/

• SL seeks technical advice from IMF

– ft.lk/front-page/SL-seeks-technical-advice-from-IMF/44-730107

– economynext.com/sri-lanka-seeks-technical-support-from-imf-basil-90135/

– themorning.lk/sri-lanka-writes-to-imf/

– themorning.lk/unp-requests-clarification-from-cabinet-of-ministers-over-imf/

• SL’s dialogue with IMF is about a routine program, says Cabraal

“It is about a routine Technical Assistance Program on Macro-Fiscal capacity building for MOF’s new Macro-Fiscal Unit. Nothing else,” the Governor expressed on twitter.’

– themorning.lk/sls-dialogue-with-imf-is-about-a-routine-program-says-cabraal/

– newsfirst.lk/2022/02/03/seeking-imf-expert-advise-is-a-routine-program-cabraal/

– dailymirror.lk/business-news/Cabraal-says-IMF-advice-for-routine-technical-assistance-programme-nothing-more/273-230480

– ft.lk/front-page/Cabraal-says-request-to-IMF-is-routine-and-on-macro-fiscal-capacity-building/44-730120

• Reserves important only for “Rating Agencies” – Fin. Min. Basil Rajapakse

‘Black Market Dollars no different to Central Bank Dollars’

– newsfirst.lk/2022/01/31/black-market-dollars-no-different-to-central-bank-dollars-min-basil-rajapakse/

• Basil to visit India in mid-Feb.; $ 1 b loan envisaged soon

– ft.lk/front-page/Basil-to-visit-India-in-mid-Feb-1-b-loan-envisaged-soon/44-730108

• Sri Lanka fin min rules out default, says 1Q has US3bn debt repayments

– economynext.com/sri-lanka-fin-min-rules-out-default-says-1q-has-us3bn-debt-repayments-90157/

• Sri Lanka food inflation hits record 25pc as shortages bite

– lankaweb.com/news/items/2022/02/02/sri-lanka-food-inflation-hits-record-25pc-as-shortages-bite/

• Govt. kicks off Rs. 100 b grassroots revival today (03)

– ft.lk/top-story/Govt-kicks-off-Rs-100-b-grassroots-revival-today/26-730109

• Sri Lanka overnight injections top Rs600bn amid reserve outflow. (03)

– economynext.com/sri-lanka-overnight-injections-top-rs600bn-amid-reserve-outflow-90150/

• Govt. open to discuss with all to restructure debt

– ft.lk/front-page/Govt-open-to-discuss-with-all-to-restructure-debt/44-730008

• Can Dr. PBJ alone be blamed for current crises?

– island.lk/can-dr-pbj-alone-be-blamed-for-current-crises/

• CB expected to deliver at least two more rate hikes

– dailymirror.lk/business-news/CB-expected-to-deliver-at-least-two-more-rate-hikes/273-230381

• If floated, exchange rate to hit Rs. 240-270 by December: First Capital Research

– themorning.lk/if-floated-exchange-rate-to-hit-rs-240-270-by-december/

• Cabraal says onus on all to boost foreign reserves, economy; not just CBSL

– ft.lk/front-page/Cabraal-says-onus-on-all-to-boost-foreign-reserves-economy-not-just-CBSL/44-730102

• Sri Lanka’s Inflation Accelerates to Asia’s Fastest on FX Crunch

– lankaweb.com/news/items/2022/02/01/sri-lankas-inflation-accelerates-to-asias-fastest-on-fx-crunch/

– dailymirror.lk/business-news/January-inflation-hits-fresh-high-of-14-2/273-230262

– ft.lk/front-page/Inflation-rises-to-14-2-in-January-food-inflation-up-25/44-729985

– timesonline.lk/news-online/Annual-Colombo-consumer-inflation-rises-to-14-2-in-Jan-2022/2-1136653

• Fresh moves to stabilise prices of essential goods

 – ft.lk/front-page/Fresh-moves-to-stabilise-prices-of-essential-goods/44-729984

• Consumer durables sector depends largely on imports: Fitch

– dailymirror.lk/business-news/Consumer-durables-sector-to-languish-on-weaker-economic-conditions-Fitch/273-230256

• BOP deficit breaks previous record by hitting US $ 3.7bn

‘direct and portfolio investments dried out’

– dailymirror.lk/business-news/BOP-deficit-breaks-previous-record-by-hitting-US-3-7bn/273-230255

• Masterplan for Consolidation of Non-Bank Financial Institutions being fast-tracked

– bizenglish.adaderana.lk/masterplan-for-consolidation-of-non-bank-financial-institutions-being-fast-tracked/

– island.lk/masterplan-for-consolidation-of-non-bank-financial-institutions-being-fast-tracked-cbsl/

– dailymirror.lk/business-news/CB-says-NBFI-sector-regulatory-capital-boosted-by-its-consolidation-masterplan/273-230257

– ft.lk/front-page/NBFIs-getting-nimbler/44-729986

• Heads of the vital parliamentary watchdog committees removed for acting independently.

– island.lk/trawling-for-sprats-in-ocean-of-corruption/

 • People wouldn’t care about long-term implications if they are spared instant rate hikes

– island.lk/inevitable-blackouts-on-the-way/

• Sri Lanka to hold rupee steady: CB Governor

– economynext.com/sri-lanka-to-hold-rupee-steady-cb-governor-90007/

• Govt. tightens domestic borrowing

– sundaytimes.lk/220130/business-times/govt-tightens-domestic-borrowing-470623.html

• Further monetary policy tightening, strong depreciation of currency: First Capital Research

– island.lk/further-monetary-policy-tightening-strong-depreciation-of-currency-on-the-cards/

• Sri Lanka achieves US$ 15 bn export target for 2021

– island.lk/sri-lanka-achieves-us-15-bn-export-target-for-2021/

• USD 200mn credit line from Pakistan for import of rice, cement and medicine

– sundaytimes.lk/220130/news/usd-200mn-credit-line-from-pakistan-for-import-of-rice-cement-and-medicine-471029.html

• Netherlands Embassy to hold two more webinars on sustainable trade, investments

‘Invest International – Netherlands Investment Manager Miriam Valstar’

– ft.lk/news/Netherlands-Embassy-to-hold-two-more-webinars-on-sustainable-trade-investments/56-729704

• Sri Lanka struggles as Singapore further appreciates currency to counter inflation

– economynext.com/sri-lanka-struggles-as-singapore-further-appreciates-currency-to-counter-inflation-89997/

• Sri Lanka’s debt to GDP grows amid monetary instability, anti-austerity

– economynext.com/sri-lankas-debt-to-gdp-grows-amid-monetary-instability-anti-austerity-90098/

• Sri Lanka sells Rs88.5bn in three month bills

– economynext.com/sri-lanka-sells-rs88-5bn-in-three-month-bills-90124/

• Cabinet nod for tabling of Surcharge Tax Bill in P’ment

– ft.lk/front-page/Cabinet-nod-for-tabling-of-Surcharge-Tax-Bill-in-P-ment/44-730007

– economynext.com/sri-lanka-cabinet-clears-extra-25-pct-super-tax-90085/

• Chinese ending the year of the Ox raising more than 100 million Chinese above the poverty line

– bizenglish.adaderana.lk/miracles-for-the-new-year/

• UAE to introduce 9% corporate tax on business profits from June 2023

– ft.lk/front-page/UAE-to-introduce-9-corporate-tax-on-business-profits-from-June-2023/44-729979

• Dubai attracts $ 4.3 b in FDI in first nine months of 2021

‘England France, US are among the top FDI source countries followed by Saudi Arabia and India’

– ft.lk/front-page/Dubai-attracts-4-3-b-in-FDI-in-first-nine-months-of-2021/44-729980

• Bolivia earmarks budget for food security

‘254 million dollars in programs related to the production of tubers, livestock, beekeeping, cotton, fisheries and Andean grains to enhance food security.’

– radiohc.cu/en/noticias/internacionales/284882-bolivia-earmarks-budget-for-food-security

 • Eurozone economy rebounds to 5.2% growth in 2021 after recession

– ft.lk/front-page/Eurozone-economy-rebounds-to-5-2-growth-in-2021-after-recession/44-729982

_________________________________________________________________________

C5. Workers (Inadequate Stats, Wasteful Transport, Unmodern Plantations, Services)

ee Workers attempts to correct the massive gaps and disinformation about workers, urban and rural and their representatives (trade unions, etc), and to highlight the need for organized worker power

• Justice Minister Sabry reiterates trade unions should be regulated

– island.lk/sabry-reiterates-trade-unions-should-be-regulated/

• Prevailing power crisis is an orchestrated one: UNP Petroleum Trade Union leader

– dailymirror.lk/latest_news/Prevailing-power-crisis-is-an-orchestrated-one-TU/342-230373

• Chief Govt. whip alleges bid to derail booster dose

– island.lk/chief-govt-whip-alleges-bid-to-derail-booster-dose/

• Advocacy of GSP+ withdrawal will adversely impact vulnerable segments of population

– island.lk/advocacy-of-gsp-withdrawal-will-adversely-impact-vulnerable-segments-of-population/

• Bus carrying garment workers falls down precipice

– ft.lk/ft_tv/Bus-carrying-garment-workers-falls-down-precipice/10520-729806

• Covid affects train services in Sri Lanka; Multiple cancellations

– newsfirst.lk/2022/01/31/covid-affects-train-services-in-sri-lanka-multiple-cancellations/

• No preliminary report yet on attack on Meenagaya Train at Kekirawa: GMR

– dailymirror.lk/breaking_news/No-preliminary-report-has-arrived-yet-GMR/108-230531

• Protest seeking permanent positions in teacher service

– newsfirst.lk/2022/01/31/protest-seeking-permanent-positions-in-teacher-service/

• Justice Min. violates intl. labour conventions – Ravi

– island.lk/justice-min-violates-intl-labour-conventions-ravi/

• Covid vaccines Supreme Court says it prefers if DGHS makes statements

– sundaytimes.lk/220130/news/covid-vaccines-sc-says-it-prefers-if-dghs-makes-statements-471023.html

• No Indian devotees for Kachchativu feast

– sundaytimes.lk/220130/news/no-indian-devotees-for-kachchativu-feast-471013.html

• Jobs in South Korea rise steadily; 4th batch left this year: SLBFE

– dailymirror.lk/latest_news/Jobs-in-South-Korea-rise-steadily-4th-batch-left-this-year-SLBFE/342-230266

• Unemployed Graduates

– island.lk/unemployed-graduates/

• English-based education has much to blame for scientific illiteracy

‘intellectual life in Western society is polarized into literary intellectuals at one pole and scientists at the other’

– island.lk/c-p-snows-the-two-cultures/

• Grade 5 Scholarship Exam: Alleged injustice to students being probed, says Exams chief

– sundaytimes.lk/220130/news/grade-5-scholarship-exam-alleged-injustice-to-students-being-probed-says-exams-chief-470983.html

• Financial Assistance to Undergraduates in Sri Lanka

 – island.lk/financial-assistance-to-undergraduates-in-sri-lanka/

• D.R. Wijewardene Boss of Lake House & Thomians

– island.lk/old-thomians-who-rallied-round-the-boss/

• Dinesh hopes for uninterrupted power supply during GCE A/L

– island.lk/dinesh-hopes-for-uninterrupted-power-supply-during-gce-a-l/

• Ex-BASL chief: SL loses USD 2 bn annually due to its failure to set up foreign universities

– island.lk/ex-basl-chief-sl-loses-usd-2-bn-annually-due-to-its-failure-to-set-up-foreign-universities/

• Undervaluing Social Science and Humanities teaching in the Sri Lankan University System

– island.lk/undervaluing-social-science-and-humanities-teaching-in-the-sri-lankan-university-system/

• Language Laboratory set up at Rajarata Uni

– island.lk/language-laboratory-set-up-at-rajarata-uni/

• Study Group appreciates new US actions to support international STEM students

– island.lk/study-group-appreciates-new-us-actions-declared-to-support-international-students-pursuing-stem-careers/

• Next week, UN marks the International Day of Women and Girls in Science.

‘only 33% of researchers are women, though they represent 45% and 55% of students at the Bachelor’s and Master’s levels of study respectively, and 44% of those enrolled in PhD programmes. While 70% of health and social care workers are women, they are paid 11% less than their male counterparts’

– dailymirror.lk/opinion/Women-the-backbone-of-society/172-230547

• Chartered Institute of Personnel Management (CIPM) triumphs

– island.lk/cipm-sl-triumphs-with-dual-honours-at-south-asian-business-excellence-awards-2021/

• The Gig Economy Is White People Discovering Servants

– indi.ca/the-gig-economy-is-white-people-discovering-servants/

• January is the month for old pensioners to meet the Grama Sevaka (GS)

– island.lk/commendable-service-brit-pm-and/

• SL’s additional incentives for Inward Workers’ Remittances scheme extended indefinitely

– timesonline.lk/news-online/SLs-additional-incentives-for-Inward-Workers-Remittances-scheme-extended-indefinitely/2-1136670

• Association of Licensed Foreign Employment Agencies Rs. 6 million to Itukama Covid Fund.

– lankaweb.com/news/items/2022/02/01/the-association-of-licensed-foreign-employment-agencies-alfea-hands-over-rs-6-million-to-hon-prime-minister-to-enhance-itukama-covid-fund/

• Not sufficient focus on trafficking of women for sex trade and child labour – Prof. Gunaratne

‘Chandima Arambepola (Center for Poverty Analysis (CEPA), Dr. Ramani Jayasundere (US Asia Foundation Sri Lanka) and Professor Camena Gunaratne (Open University of Sri Lanka) were present’

– island.lk/not-sufficient-focus-on-trafficking-of-women-for-sex-trade-and-child-labour-prof-gunaratne/

• In 2019, SL migrant workers remitted approximately 520 million US dollars from Korea

– island.lk/i-carry-happiness-to-sri-lanka/

• SL man left in immigration limbo for decades granted leave to stay in England

– adaderana.lk/news/80278/sl-man-left-in-immigration-limbo-for-decades-granted-leave-to-stay-in-uk

• India Budget: Another Bonanza for Corporates, say Trade Unions

– newsclick.in/union-budget-bonanza-corporates-trade-unions

• Indian family that froze to death at Canada-U.S. border identified

• Six people running a travel and tourism company in Gujarat have been arrested…US CBP apprehended 339 Indians trying to cross into the US at the northern border in 2019, 129 in 2020 and 41 last year. RCMP apprehended 16,503 asylum seekers crossing north between border crossings in 2019’

– radiohc.cu/en/noticias/internacionales/284504-indian-family-that-froze-to-death-at-canada-us-border-identified

• Truckers blockade U.S.-Canada border

‘Truckers have countered that opening up a lane for local traffic technically makes them compliant with both ATSA and the 2020 Critical Infrastructure Defence Act, passed after indigenous rights activists blockaded railways’

– radiohc.cu/en/noticias/internacionales/284638-truckers-blockade-us-canada-border

• Death of photographer on cold streets of Paris shocks world

– radiohc.cu/en/noticias/internacionales/284549-death-of-photographer-on-cold-streets-of-paris-shocks-world

• Pronouns And Power

– indi.ca

_________________________________________________________________________

C6. Agriculture (Robbery of rural home market; Machines, if used, mainly imported)

ee Agriculture emphasizes the failure to industrialize an agriculture that keeps the cultivator impoverished under moneylender and merchant, and the need to develop the rural home market, monetization and commercialization, to produce, rather than import, agricultural machinery.

• Importers ask for US $ 175-200Mn monthly for essential food items

‘Essential Food Commodities Importers’ and Traders’ Association Nihal Seneviratne said US dollars had not yet been released to pay for nearly 1,500 containers of various products stuck at the port.’

– dailymirror.lk/latest_news/Importers-ask-for-US-175-200Mn-monthly-for-essential-food-items/342-230438

• A. Baur & Co., first fertilizer company in Sri Lanka, is now second largest pharma importer

• Baur built the country’s first ever industrial rail in 1901, deploying the first tractor used in agriculture in 1919…registering the first biopesticide in 2020..’

– island.lk/baurs-celebrates-125-years-of-revolutionary-progress/

• ComBank supports traditional rice producers in Kokkadichcholai

– island.lk/combank-supports-traditional-rice-producers-in-kokkadichcholai/

• Imported Machinery distributed to undertake climate smart agriculture in six provinces

– island.lk/machinery-distributed-to-undertake-climate-smart-agriculture-in-six-provinces/

• Private millers always outbid the government to win the farmers

– dailymirror.lk/business-news/January-inflation-hits-fresh-high-of-14-2/273-230262

• FSP alleges new law to import ‘any’ fertiliser

– themorning.lk/fsp-alleges-new-law-to-import-any-fertiliser/

• Vasu seeks UNICEF help to provide clean water to children

– island.lk/vasu-seeks-unicef-help-to-provide-clean-water-to-children/

• Ipalogama village helpless due to drinking water crisis

– newsfirst.lk/2022/02/03/ipalogama-village-helpless-due-to-drinking-water-crisis/

• Vasu cracks whip over ministers and MPs not paying their water bills

– island.lk/vasu-cracks-whip-over-ministers-and-mps-not-paying-their-water-bills/

• Wimal warns food security at risk, calls for changing agriculture policy

– island.lk/wimal-warns-food-security-at-risk-calls-for-changing-agriculture-policy/

• Spotlight on looming food crisis

– dailymirror.lk/expose/Spotlight-on-looming-food-crisis/333-229398

• Sri Lankan families go hungry as cost of food skyrockets – The Telegraph

‘The country’s worst economic crisis, compounded by a disastrous switch to organic farming, leaves impoverished unable to buy essential items’

– lankaweb.com/news/items/2022/02/01/sri-lankan-families-go-hungry-as-cost-of-food-skyrockets/

• German and Indian chemicals became more expensive after ban imposed on herbicides

– sundaytimes.lk/220130/business-times/sri-lanka-govt-mulls-lifting-ban-on-herbicides-470632.html

– sundaytimes.lk/220130/business-times/massive-loss-from-sls-hasty-shift-to-organic-farming-470629.html

• For Canada, organic food is an expensive status symbol. For Sri Lanka, it’s a catastrophe

– lankaweb.com/news/items/2022/02/04/for-canada-organic-food-is-an-expensive-status-symbol-for-sri-lanka-its-a-catastrophe/

• 100,000 MT of maize to be imported for animal products

– newsfirst.lk/2022/02/03/100000-mt-of-maize-to-be-imported-for-animal-products/

• Palm oil importers lobbying govt to release coconut oil adulterated with palm oil to market

‘group of businessmen is targeting that shortage to get the government to revise the tax’

– island.lk/palm-oil-importers-lobbying-govt-for-pre-new-year-tax-revision/

– ft.lk/front-page/Consumer-lobby-alleges-plot-to-mix-palm-oil-with-coconut-oil/44-729919

• Customs seizes ’contraband’ beetroot shipment

– ft.lk/front-page/Customs-seizes-contraband-beetroot-shipment/44-729917

– economynext.com/sri-lanka-customs-seizes-16000-kg-of-contraband-beetroot-89999/

• SJB agriculture policy to be launched today

– island.lk/sjb-agriculture-policy-to-be-launched-today/

– island.lk/sajith-asks-govt-to-compensate-famers-expeditiously/

• Ceylon Cinnamon clinches country’s first EU GI status

– ft.lk/top-story/Ceylon-Cinnamon-clinches-country-s-first-GI-status/26-730114

• New Zealand Dairy Board, Maharajas, Milk Powder, CWE & Anchor

– island.lk/a-burning-fire-to-succeed/

• Dealing with the world’s sugar kings

– island.lk/sumi-moonesinghes-big-break-in-business-in-the-maharaja-organization/

• 25 acres of Devon Ella reserve destroyed by arson

– newsfirst.lk/2022/02/05/25-acres-of-devon-ella-reserve-destroyed-by-arson/

• Rs.960mn of sachets, 5,475 mn lunch sheets a year: Amaraweera

– dailymirror.lk/latest_news/People-use-Rs-960mn-worth-sachets-5-475-mn-lunch-sheets-a-year-Amaraweera/342-230200

• Clearing debris of ill- fated tanker to complete within 120 days

– dailymirror.lk/latest_news/Clearing-debris-of-ill-fated-tanker-to-complete-within-120-days/342-230275

– economynext.com/sri-lanka-to-complete-mv-x-press-pearl-tanker-debris-clearance-in-four-months-90120/

• Leonardo DiCaprio tweeted elephants were dying after eating plastic waste in Ampara

– sundaytimes.lk/220130/news/see-what-happened-in-sri-lanka-kenyans-warned-of-banning-pesticide-470992.html

• Colombia included among countries with severe food crisis

– radiohc.cu/en/noticias/internacionales/284527-colombia-included-among-countries-with-severe-food-crisis

• Fighting for the Planet: Unions, Jack Mundey and the Green Bans

– socialistproject.ca/leftstreamed-video/fighting-for-planet-unions-jack-mundey/

• Will the Thalangama Wetlands be saved from the Elevated Highway?

– ft.lk/columns/Will-the-Thalangama-Wetlands-be-saved-from-the-Elevated-Highway/4-730041

• World Wetlands Day National Festival

– island.lk/world-wetlands-day-national-festival/

• Oil spill in Ecuadorian Amazon estimated at 6,300 barrels

– radiohc.cu/en/noticias/internacionales/284955-oil-spill-in-ecuadorian-amazon-estimated-at-6300-barrels

• Explosion at Nigerian oil vessel sparks fears of major spill

– radiohc.cu/en/noticias/internacionales/285144-explosion-at-nigerian-oil-vessel-sparks-fears-of-major-spill

• U.S. lawmakers accuse food and energy companies of pandemic profiteering

– radiohc.cu/en/noticias/internacionales/285109-us-lawmakers-accuse-food-and-energy-companies-of-pandemic-profiteering

_____________________________________________________________________

C7. Industry (False definitions, anti-industrial sermons, rentier/entrepreneur, etc)

ee Industry notes the ignorance about industrialization (versus handicraft and manufacture), the dependence on importing foreign machinery, the need to make machines that make machines, build a producer culture. False definitions of industry, entrepreneur, etc, abound, and the need for a holistic political, economic and military strategy to overcome domination by merchants and moneylenders.

• Privatize Railway Stations – US Advocata

– dailymirror.lk/insight/Putting-SL-railways-on-track/374-230368

• Decreasing water levels at reservoirs deepen power crisis

‘Of the six reservoirs – Castlereigh, Maussekelle, Kotmale, Victoria, Randenigala and Samanala Wewa – three (Victoria, Kotmale and Randenigala) cater to the irrigation needs of the Mahaweli zone farmers and, therefore, must minimise the use of water for power generation’

– sundaytimes.lk/220130/news/decreasing-water-levels-at-reservoirs-deepen-power-crisis-471033.html

– newsfirst.lk/2022/01/31/dry-spell-affects-hydro-power-generation/

• Substandard carriages imported from India

– island.lk/substandard-carriages-imported-from-india/

• Power Ministry to purchase 15,000 tons fuel from India’s IOC

– ft.lk/front-page/Power-Ministry-to-purchase-15-000-tons-fuel-from-Lanka-IOC/44-729987

– ft.lk/front-page/Cabinet-nod-to-procure-fuel-consignment-from-IOC/44-729999

– economynext.com/sri-lanka-to-purchase-emergency-power-for-march-drought-90087/

– economynext.com/sri-lanka-to-buy-80000mt-of-diesel-and-petrol-from-india-90083/

– island.lk/usd-500-million-loc-agreement-for-purchase-of-petroleum-products/

– ft.lk/front-page/SL-India-sign-500-m-deal-for-purchase-of-petroleum-products/44-730105

– timesonline.lk/news-online/Govt-signs-USD-500-million-LOC-agreement-with-India-for-purchase-of-petroleum-products/2-1136692

• Indian ‘s IOC agrees to supply 40,000 MT diesel to Energy Ministry

– dailymirror.lk/breaking_news/IOC-agrees-to-supply-40-000-MT-diesel-to-Energy-Ministry/108-230270

• Sri Lanka signs USD 500 mn fuel credit line with India’s EXIM bank

– economynext.com/sri-lanka-signs-usd-500-mn-fuel-credit-line-with-indias-exim-bank-90134/

• Govt. nod to obtain 450,000 barrels of crude oil from Cyprus for Sapugaskanda refinery

– dailymirror.lk/latest_news/Govt-nod-to-obtain-450-000-barrels-of-crude-oil-from-Cyprus/342-230271

– ft.lk/front-page/Cabinet-nod-to-buy-450-000-barrels-of-crude-oil-on-six-month-credit-from-Cyprus-firm/44-730001

– economynext.com/cyprus-to-supply-450000-barrel-crude-to-sri-lanka-on-6-month-credit-90084/

– timesonline.lk/news-online/Govt-to-purchase-oil-for-Sapugaskanda-refinery-from-Cyprus-based-company/2-1136657

• CEB Chief slams officials for self-inflicted power crisis

– sundaytimes.lk/220130/news/ceb-chief-slams-officials-for-self-inflicted-power-crisis-471027.html

• CEB requests private sector bulk consumers to use generators

– sundaytimes.lk/220130/news/ceb-requests-private-sector-bulk-consumers-to-use-generators-471031.html

– newsfirst.lk/2022/02/02/sri-lanka-to-source-renewable-energy-from-private-sector/

• CEB reactivates emergency power purchases

– sundaytimes.lk/220130/business-times/ceb-reactivates-emergency-power-purchases-470609.html

• More delay in purchasing of private sector power

– ft.lk/top-story/More-delay-in-purchasing-of-private-sector-power/26-729998

• 160 MW of power added to national grid from Norochcholai

– adaderana.lk/news/80259/160-mw-of-power-added-to-national-grid-from-norochcholai

– timesonline.lk/news-online/Generator-at-Lakvijaya-plant-restored-300-Mv-back-soon/2-1136644

– economynext.com/sri-lankas-solo-refinery-resumes-operations-after-one-month-amid-usd-shortage-90060

– timesonline.lk/news-online/Always-breakdown-Norochcholai-power-plant-now-runs-at-reasonable-capacity/2-1136646

• Generator at Norochcholai Coal Power Plant malfunctions again: CEB

– dailymirror.lk/latest_news/Generator-at-Norochcholai-Coal-Power-Plant-malfunctions-again-CEB/342-230282

– timesonline.lk/news-online/CEB-imposes-one-hour-power-cuts-after-Norochcholai-generator-fails-again/2-1136664

• Sri Lanka’s CEB urged to import own oil amid soft-peg trouble

– economynext.com/sri-lankas-ceb-urged-to-import-own-oil-amid-soft-peg-trouble-90078/

• Loss of Rs. 5 b through 2 private power agreements?

– themorning.lk/loss-of-rs-5-b-through-2-private-power-agreements/

• PUCSL power averts Rs. 31 b economic loss

– ft.lk/top-story/PUCSL-power-averts-Rs-31-b-economic-loss/26-729989

– island.lk/pucsl-says-it-helped-save-rs-31-billion-by-turning-down-ceb-request-for-power-cuts/

• PUCSL to hold another round of talks with large generator owners

– dailymirror.lk/business-news/To-hold-another-round-of-talks-with-large-generator-owners/273-230258

• Kelanitissa Power Station shutdown due to shortage of fuel: CEB

– dailymirror.lk/latest_news/Kelanitissa-Power-Station-shutdown-due-to-shortage-of-fuel-CEB/342-230363

• Expolanka’s EFL Global Freeport chooses Sino Lanka Power Gen as their solar PV partner

– island.lk/expolankas-efl-global-freeport-chooses-sino-lanka-power-gen-as-their-solar-pv-partner/

• Assurances by Power Minister, PUCSL fall flat

– island.lk/power-minister-pucsl-assurances-fall-flat/

• Engineers: Power supply not sufficient to meet demand

– island.lk/engineers-power-supply-not-sufficient-to-meet-demand/

• SL in formidable position to supply uninterrupted power: PUCSL

– ft.lk/front-page/SL-in-formidable-position-to-supply-uninterrupted-power-PUCSL/44-730104

• Many apartments in Colombo all operated with air conditioners

‘• PUCSL to hold discussions with Condominium Management Authority today’

– ft.lk/front-page/PUCSL-to-hold-discussions-with-Condominium-Management-Authority-today/44-730103

• PUCSL warns CEB of legal action for unannounced load shedding

– ft.lk/front-page/PUCSL-warns-CEB-of-legal-action-for-unannounced-load-shedding/44-730115

• PUCSL to take legal action against CEB

– newsfirst.lk/2022/02/05/pucsl-to-take-legal-action-against-ceb/

• Do we deserve uninterrupted electricity?

– island.lk/do-we-deserve-uninterrupted-electricity/

• Tests conducted to determine quality of 92 & 95 Octane petrol

– newsfirst.lk/2022/01/31/tests-conducted-to-determine-quality-of-92-95-octane-petrol/

• SL goes to Norway’s Greenstat India for feasibility on green hydrogen

– ft.lk/front-page/SL-goes-to-Greenstat-India-for-feasibility-on-green-hydrogen/44-730000

– economynext.com/sri-lanka-hires-greenstat-india-to-study-hydrogen-driven-transport-90089/

– dailymirror.lk/business-news/Sri-Lanka-to-explore-generating-green-hydrogen-for-transport-sector-with-Indias-Greenstat/273-230476

• Test kits in short supply as Omicron variant spreads

‘“We selected two suppliers through the tender process for the supply of these test kits and one company informed us it had got foreign exchange approval on Friday to import the kits,” said Saman Rathnayake, Secretary to State Ministry of Production, Supply & Regulation of Pharmaceuticals.’

– sundaytimes.lk/220130/news/test-kits-in-short-supply-as-omicron-variant-spreads-471025.html

• India donates 100,000 RAT kits to SL

– themorning.lk/india-donates-100000-rat-kits-to-sl/

• Dialog Enterprise partners TekSek & CSW to bring world-class cybersecurity solutions to SL

– island.lk/dialog-enterprise-partners-teksek-csw-to-bring-world-class-cybersecurity-solutions-to-sri-lankan-organizations/

• ICTA Digital Consortia: Over 1000 participants actively engage with six multinationals

‘Information and Communication Technology Agency’s‘National Digital Consortia’, with FITIS, SLASSCOM, BCS, and CSSL featured Microsoft, Zoom, AWS, Google Cloud, Oracle, and Huawei…digital economy contribution to GDP stands at 4.37% as of today.’

– island.lk/icta-digital-consortia-over-1000-participants-actively-engage-with-six-multinationals/

• Tokyo Cement appoints Miss Sri Lanka for Miss World 2021

– island.lk/tokyo-cement-appoints-miss-sri-lanka-for-miss-world-2021-sade-greenwood-as-social-and-sustainability-ambassador/

• Most Wijewardene residences built by Tudawe Brothers

– sundaytimes.lk/220130/plus/appreciations-470411.html

• Shippers Council joins chorus for speedy resolution of forex crisis

– ft.lk/front-page/Shippers-Council-joins-chorus-for-speedy-resolution-of-forex-crisis/44-729921

• Aitken Spence partners German Industry and Commerce (AHK)

‘Aitken Spence represents three major German brands namely, TUI, Hapag Lloyd and DB Schenker…AHK Sri Lanka is part of = German Chamber Network Abroad supported by the Federal Ministry for Economic Affairs and Climate Action (BMWK) and the Association of German Chambers of Commerce and Industry (DIHK)’

– ft.lk/business/Aitken-Spence-partners-AHK-Sri-Lanka-to-promote-business-opportunities-in-key-industries/34-729910

– island.lk/germany-intensifying-its-support-for-sri-lankan-exporters-of-fresh-produce/

• Colombo Dockyard signs ‘2 firm vessels plus 2 options’ contract with Norway firm

‘build Commissioning Service Operation Vessels (CSOVs) for Edda Wind ASA Norway, a large pure-play operator in the offshore wind industry, with largest investors Østensjø Wind AS controlled by Johannes Østensjø dy AS, Wilhelmsen New Energy AS controlled by Wilh. Wilhelmsen Holding AS, Geveran Trading indirectly controlled by John Fredriksen and Xclat Holding, a subsidiary of the Quantum Pacific Shipping group associated with Idan Ofer…Onomichi Dockyard of Japan owns 51% of Colombo Dockyard. CDPLC also has a 35% shareholding by the Sri Lankan Government’

– ft.lk/business/Colombo-Dockyard-signs-2-firm-vessels-plus-2-options-contract-with-Norway-firm/34-730090

• Sri Lanka technology centre opened by US Houston-based RigServ

‘clients are APM Terminals, Maersk Drilling, Transocean, ARO Drilling, Endeavor Energy Resources, Pinnacle Asset Integrity Services, CVR Energy, and Seadrill, and partners Swedish IFS in Sri Lanka’

– economynext.com/sri-lanka-technology-centre-opened-by-us-based-rigserv-90190/

• India’s Kelani Tyres to invest Rs3.2bn expand radial tyre capacity with India’s CEAT

– economynext.com/sri-lankas-kelani-tyres-to-invest-rs3-2bn-expand-radial-tyre-capacity-90049/

• Used cars turn to gold as economy skids on the edge

‘Car ownership remains a virtual necessity in the traffic-snarled streets of Colombo, where a ramshackle bus and rail network was already struggling with overcrowding. The number of taxis has also fallen sharply, with drivers selling their cabs to cash in on the dizzying prices, and those still working charging double their old fares or more. “You must have your own car.”

– island.lk/used-cars-turn-to-gold-as-economy-skids-on-the-edge/

• Massive fire destroys thinner factory in Avissawella

– dailymirror.lk/breaking_news/Massive-fire-destroys-thinner-factory-in-Avissawella/108-230423

• New Diamond and X-press Pearl incidents: Underhand deals spoiling compensation claims

– dailymirror.lk/expose/New-Diamond-and-X-press-Pearl-incidents-Underhand-deals-spoiling-compensation-claims/333-229885

• City of Galle also to see reclamation of land from sea

– island.lk/city-of-galle-also-to-see-reclamation-of-land-from-sea/

• Hela Apparel Holdings Q3 revenue of Rs 41.6 billion

– ft.lk/front-page/Hela-Apparel-Holdings-strong-growth-continues-into-Q3/44-730121

• JAAF appoints Yohan Lawrence as new Secretary General

‘former Chairman of Sri Lanka Apparel Exporters’ Association… former Chief Operating Officer (COO) – Business Sustainability of InQube Global, Country Manager of Quantum Clothing Lanka and the Assistant General Manager of Coats Viyella Clothing in Sri Lanka.’

– dailymirror.lk/business-news/JAAF-appoints-Yohan-Lawrence-as-new-Secretary-General/273-230479

• STF recovers Rs 1.4 mn worth of smuggled cigarettes

– island.lk/stf-recovers-rs-1-4-mn-worth-of-smuggled-cigarettes/

• Sri Lanka approves promotion of traditional, rural industry projects

– economynext.com/sri-lanka-approves-promotion-of-traditional-rural-industry-projects-90123/

• JAT (wood coatings) records TTM Profits after tax of LKR 1.1 Billion

– bizenglish.adaderana.lk/jat-records-highest-ever-pat-amidst-export-revenue-growth-of-317/

• Tempest PE partners AEC Investor Consortium to buyout Sri Lanka Technological Campus

‘Tempest PE (Capital Alliance and Insite Holdings), led by Associated Electricals Corporation Limited, operates the SL Technological Campus in Padukka. Consortium includes Jetwing Group, Finco Holdings, Perera & Sons, ManSek Investments & Insite Holdings, supported by Sri Lanka Telecom (and advisors NDB Investment Bank)…Nithya Partners and D. L & F De Saram were legal advisors.

– bizenglish.adaderana.lk/tempest-pe-partners-investor-consortium-led-by-aec-partners-the-management-buyout-of-sri-lanka-technological-campus/

• British Council scholarships continue to support women in STEM

‘UN Scientific Education and Cultural Organization (UNESCO) says fewer than 30% of researchers worldwide are women, & only 30% of female students select STEM-related fields in higher education’

– island.lk/british-council-scholarships-continue-to-support-women-in-stem/

• Tata Steel Hit by Dutch Criminal Probe

– newsclick.in/Tata-Steel-Hit-Dutch-Criminal-Probe

• A visual introduction to machine learning

– cspi.substack.com/p/darwin-and-marx-friends-or-foes-with

• Pharmacy chains defend actions as landmark U.S. opioid trial nears its end

– reuters.com/world/us/mckesson-drug-distributors-face-95-billion-opioid-trial-washington-state-2021-11-15/

• When We Are Done With Covid The Virus Will Not Be Done With Us

– moonofalabama.org/2022/02/when-we-are-done-with-covid-the-virus-will-not-be-done-with-us

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C8. Finance (Making money from money, banks, lack of investment in modernity)

ee Finance tracks the effects of financialization, the curious role of ratings agencies, false indices, etc., and the rule of moneylenders, preventing investment in modern production.

• Sri Lanka Insurance (SLIC) Gross Written Premium (GWP) of Rs. 43 billion in 2021

– sundaytimes.lk/220130/business-times/slic-records-high-gwp-achievement-in-2021-470575.html

• General insurance claim settlements of 13 IASL companies hit Rs. 51 billion for FY 2021

‘The 13 general insurance companies are Sanasa General Insurance Company, People’s Insurance, Fairfirst Insurance, Ceylinco General Insurance, HNB General Insurance, Co-operative Insurance Co, MBSL Insurance Co, Amana Takaful, LOLC General Insurance, Sri Lanka Insurance Corp, Orient Insurance, Allianz Insurance Lanka, and Continental Insurance Lanka’

– island.lk/gi-claim-settlements-of-13-iasl-companies-hit-rs-51-billion-for-fy-2021/

• Fairfirst Insurance: Only insurer awarded at SLIM Digitally Marketing Innovation

– island.lk/fairfirst-insurance-only-insurer-to-be-awarded-at-slim-digis-2-1-for-digitally-marketing-innovation/

• Siyapatha Finance partners DIMO Agribusinesses to Sell German & Indian Machinery

‘Mahindra Tractors and CLAAS harvesters, etc.’

– island.lk/siyapatha-finance-partners-dimo-agribusinesses-for-agriculture-mechanization-drive/

• Sarvodaya Development Finance first 9 months of FY 2021/22 profit growth of LKR 118mn

– bizenglish.adaderana.lk/sdf-reports-48-pat-growth-post-ipo/

– themorning.lk/sarvodaya-development-finance-profit-grows-after-ipo/

• LB Finance to buy 64.63% of Multi Finance for Rs. 400 m

‘LB Finance will buy stake held by Fairway Holdings, pledged with Hatton National Bank. Entrust Holdings Ltd. owns a 29.93% stake. Dhammika Perera-controlled Vallibel One PLC owns 51.7% of LB Finance and related party Royal Ceramics owns 26%.’

– ft.lk/front-page/LB-Finance-to-buy-64-63-of-Multi-Finance-for-Rs-400-m/44-730005

• Pan Asia Bank welcomes 2 new experienced directors to its Board of Directors

‘Sandra Walgama a Director at CBC Myanmar Micro Finance, was at Commercial Bank…

Chethiya Umagiliya is a Director at Uni Dil Packaging Ltd, Uni Dil Packaging Solutions Ltd, Swisstek (Ceylon) PLC, Swisstek Aluminium PLC and The Fortress Resorts PLC .

– island.lk/pan-asia-bank-welcomes-2-new-experienced-directors-to-its-board-of-directors/

• False social media by high networth investors Twitter, WhatsApp ‘game’ drop Colombo shares

– sundaytimes.lk/220130/business-times/false-social-media-msgs-drop-colombo-shares-470626.html

• Companies going public giving preferential allotments to those most investors are unaware of

– sundaytimes.lk/220130/business-times/cse-to-change-preferential-ipo-share-allotments-470596.html

• CSE invites public comments to revise Listing Rules on IPO share allotment

– dailymirror.lk/business-news/CSE-invites-public-comments-to-revise-Listing-Rules-on-IPO-share-allotment/273-230475

– bizenglish.adaderana.lk/ipo-basis-of-allotment-for-public-comments/

– economynext.com/sri-lankas-cse-to-revise-ipo-basis-of-allotment-for-greater-transparency-90192/

• Sri Lanka stock index reverses losing streak; foreigners exit (31)

– economynext.com/sri-lanka-stock-index-reverses-losing-streak-foreigners-exit-90075/

• Sri Lanka market down on economic concerns

– economynext.com/sri-lanka-market-down-on-economic-concerns-90095/

• CSE indices dip as Softlogic Group records profit-takings (02)

– island.lk/cse-indices-dip-as-softlogic-group-records-profit-takings/

Feeble start for February at stock market (02)

– ft.lk/front-page/Feeble-start-for-February-at-stock-market/44-730004

– island.lk/bourse-welcomes-february-on-feeble-note-profit-takings-in-blue-chips/

• Sri Lanka stock index sees worst fall in 11 weeks on economic worries (02)

– economynext.com/sri-lanka-stock-index-sees-worst-fall-in-11-weeks-on-economic-worries-90140/

• Industrial, financial stocks weigh down Lankan shares (03)

– dailymirror.lk/business/Industrial-financial-stocks-weigh-down-Lankan-shares/215-230379

• Stock market plunges sparking fresh fears among investors (03)

– ft.lk/front-page/Stock-market-plunges-sparking-fresh-fears-among-investors/44-730099

• Shares rebound on boost from industrials, financials

– dailymirror.lk/business-news/Shares-rebound-on-boost-from-industrials-financials/273-230477

• Sri Lanka bond yields close steady (31)

 – economynext.com/sri-lanka-bond-yields-close-steady-90074/

• Sri Lanka bond yields ease (03)

– economynext.com/sri-lanka-bond-yields-ease-90141/

• Stock market stages strong recovery (04)

– ft.lk/front-page/Stock-market-stages-strong-recovery/44-730122

• Sri Lanka stocks end in green amid confusion over seeking IMF help to face debt crisis

– economynext.com/sri-lanka-stocks-end-in-green-amid-confusion-over-seeking-imf-help-to-face-debt-crisis-90169/

• Clarification on Finance Minister’s IMF comment boosts bourse

– island.lk/clarification-on-finance-ministers-imf-comment-boosts-bourse/

• Sanasa marks 22nd year of its Buddhist sacred rituals in Anuradhapura

– island.lk/sanasa-marks-22nd-year-of-its-buddhist-sacred-rituals-in-anuradhapura/

• LCB Finance new branch in Deiyandara offers agricultural SME financing

‘provides leasing, loans and deposit products to the agricultural community involved in large and small-scale cinnamon, rubber and spice cultivations’

– island.lk/lcb-finance-new-branch-in-deiyandara-offers-agricultural-sme-financing/

• Nations Trust Bank American Express integrates with Mastercard Payment Gateway Services

– island.lk/nations-trust-bank-american-express-integrates-with-mastercard-payment-gateway-services/

• New York Fed Working for the US People or the Wall Street Banks that Own It?

– wallstreetonparade.com/2022/02/new-questions-emerge-is-the-new-york-fed-working-for-the-american-people-or-the-wall-street-banks-that-own-it/

• New York Fed Quietly Staffed a 2nd Trading Floor Near S&P 500 Futures Market in Chicago

– wallstreetonparade.com/2022/01/the-new-york-fed-has-quietly-staffed-up-a-second-trading-floor-near-the-sp-500-futures-market-in-chicago/

• How US Hedge Funds Have Designed Trades to Tap into the Fed’s Money Spigot

– wallstreetonparade.com/2022/02/new-book-takes-a-hard-look-at-how-hedge-funds-have-designed-trades-to-tap-into-the-feds-money-spigot/

• US overnight repo market blew up in 2019 and Fed had to run to the rescue

– wallstreetonparade.com/2022/02/when-repos-blew-up-in-2019-hedge-funds-were-800-billion-short-u-s-treasury-futures-then-margins-blew-out/

• Facebook’s Fall Yesterday Delivered Billions in Losses to 401(k)s and Public Pension Plans

– wallstreetonparade.com/2022/02/facebooks-fall-of-26-39-percent-yesterday-delivered-billions-in-losses-to-401ks-and-public-pension-plans/

___________________________________________________________________________________

C9. Business (Rentierism: money via imports, real-estate, tourism, insurance, fear, privatization)

ee Business focuses on the rentier diversions of the oligarchy, the domination by a merchant mafia, making money from unproductive land sales, tourism, insurance, advertising, etc. – the charade of corporate press releases disguised as ‘news’

• CMA Sri Lanka webinar today on exports

‘panel with Joint Apparel Association Forum Sri Lanka (JAAFSL) and MAS’s Amalean, manufacturing industry DSI Group’s Kulatunga Rajapakse Emeritus, SLASSCOM and Infomate Keells’ Jehan Perinpanayagam, Tea Exporters Association’s Sanjaya Herath, Expolanka’s Jagath Pathirane, and Mount Lavinia Hotel’s Sanath Ukwatte’

– ft.lk/business/CMA-Sri-Lanka-webinar-today-on-exports/34-730091

• Land racket in Dambulla: Transferring Devalagama lands causes stir

– dailymirror.lk/opinion/Land-racket-in-Dambulla-Transferring-Devalagama-lands-causes-stir/231-230295

• Muslim traders from Matale and Rattota

– island.lk/more-on-postal-runner-kalua-of-bimbanda-and-another-jungle-walk/

• SMEs account for 45 % of employment, 30% of exports and 52% of the GDP.

– sundaytimes.lk/220130/business-times/tremendous-opportunities-for-local-businesses-in-turkey-470593.html

• Inivos and Oxford’s Muzulu’s partners for Enterprise Resource Planning

– island.lk/inivos-and-uks-muzulus-milestone-partnership-provides-end-to-end-erp-solutions/

• UDA gearing to call RFPs for Chalmers Granaries land seeking US $ 1bn investment

– dailymirror.lk/business-news/UDA-gearing-to-call-RFPs-for-Chalmers-Granaries-land-seeking-US-1bn-investment/273-230260

• Demand for Houses & Apartments Rise As Residential Lands Reduce: LankaPropertyWeb

 – bizenglish.adaderana.lk/demand-for-houses-apartments-rise-as-overall-residential-lands-reduce-in-sri-lanka-lankapropertyweb/

• Selendiva looking for brokers to sell city buildings

– sundaytimes.lk/220130/news/selendiva-looking-for-brokers-to-sell-city-buildings-471020.html

• UDA to hand over Otter Club land to two cricketers?

– themorning.lk/uda-to-hand-over-otter-club-land-to-two-cricketers/

• Prime Land Residencies Post an impressive profit after tax for 9 months of 1.15 billion

– bizenglish.adaderana.lk/prime-land-residencies-post-an-impressive-profit-after-tax-for-9-months-of-1-15-billion/

 • Wewa dating back to 1st century BC or Hotel Project?

 – newsfirst.lk/2022/02/01/wewa-dating-back-to-1st-century-bc-or-hotel-project/

• Cancellation of Japan-funded LRT project: Govt. yet to pay claims by consultants

‘Oriental Consultants Global of Japan and Sri Lanka’s Consulting Engineers & Architects Associated’

– sundaytimes.lk/220130/news/cancellation-of-japan-funded-lrt-project-govt-yet-to-pay-claims-by-consultants-471017.html

• Hemas urges Government to equitably allocate pharma buy-back

– themorning.lk/hemas-urges-government-to-equitably-allocate-pharma-buy-back/

• Hemas delivers strong 3Q operating profit of Rs.2.62 billion

‘challenges from price controls and drug shortages caused by the foreign exchange crunch’

– dailymirror.lk/business-news/Hemas-delivers-strong-3Q-but-grapples-with-cost-escalations/273-230384

– ft.lk/front-page/Hemas-latest-results-reflect-resilience-despite-challenges/44-730101

• Teejay 3Q a gross profit of Rs.3.2 billion

‘increases in the prices of yarn, energy, freight, dyes, chemicals and auxiliaries reducing margins…The new entrants to the top 20 shareholder list were Rubber Investment Trust, the Employees’ Trust Fund and ARC Capital.’

– dailymirror.lk/business-news/Teejay-3Q-earnings-down-amid-soaring-raw-material-prices/273-230385

• Ajit Gunewardene to be appointed Chairman of Teejay, SL’s largest textile manufacturer

‘Former Deputy Chairman of John Keells Holdings (JKH), former Chairman of Nations Trust Bank (NTB) and Union Assurance, Chairman of Bluestone Capital, Digital Mobility Solutions (PickMe) and Fintrex Finance Ltd. Teejay Lanka has membership of the US Cotton Trust Protocol, and is backed by Sri Lanka’s largest apparel exporter Brandix Lanka has a 32% stake. Pacific Textiles of Hong Kong whose key shareholder is Japan’s Toray Industries Inc., owns 27% of Teejay’

– bizenglish.adaderana.lk/business-leader-ajit-gunewardene-to-be-appointed-chairman-of-teejay-lanka-plc/

– ft.lk/front-page/Business-leader-Ajit-Gunewardene-to-be-appointed-Teejay-Lanka-Chairman/44-730006

• Keells is largest listed company on Stock Exchange, & leader of tourism & hospitality industries

– island.lk/starting-off-with-a-bang-part-34/

• How much dollars do these tourists bring in?

– island.lk/tourism-restricting-outflow-of-foreign-exchange/

• India was SL’s highest tourism source market in 2021

‘Russia, England, Germany, Ukraine, France, the US, Kazakhstan, Canada and China…’

– sundaytimes.lk/220130/business-times/more-dollars-please-470604.html

• Rs.6.5bn worth Ocean Breeze Hotel Residencies Hikka project introduced to investors

‘Global Leasing bankers are Bank of Ceylon, Sampath Bank , National Development Bank, Hatton National Bank and Commercial Bank….Global Housing & Real Estate is No1 Hotel Residency Developer, with construction carried out by MET Developers Holdings’

– island.lk/rs-6-5bn-worth-ocean-breeze-hotel-residencies-hikka-project-introduced-to-investors/

Sri Lanka-NORDIC Business Council to Host Webinar on Finland

– bizenglish.adaderana.lk/sri-lanka-nordic-business-council-to-host-webinar-on-trade-and-investment-opportunities-in-finland/

• New Astra Acti√ support normal immunity and growth & development of children

‘Upfield Sri Lanka, on February 1, held a panel discussion with Dr. R.M. Surantha Perera – Consultant Pediatrician and Neonatologist, Ministry of Health; Nilesha Dahanayake – Registered Nutritionist, Nutritionist at Dietplan LK and former Nutritionist for the National Football Team; Nadini Premadasa – Musician, Performer and Mother and Shehani Liyanage – Marketing Manager, BlueBand at Upfield.’

– timesonline.lk/news-online/New-Astra-Acti-support-normal-immunity-and-growth-development-of-children/2-1136668

• Astra Margarine Not Suitable for Kids! (2011)

‘This court order had been issued by the Khatagasdigiliya Magistrate as Astra margarine contains E -319 antioxidant substance harmful to children’

– english.gossiplankanews.com/2011/06/astra-magarine-not-suitable-for-kids.html

• Unilever’s ‘Saubhagya Programme’ scholarships to schoolchildren of women entrepreneurs

– bizenglish.adaderana.lk/unilevers-saubhagya-programme-awards-41-more-scholarships-to-schoolchildren/

• SLT-Mobitel tree planting campaign

– island.lk/slt-mobitel-embarks-on-nationwide-tree-planting-campaign-for-a-healthier-environment/

• Lankan firms “moderately transparent” in corporate reporting: TISL

‘John Keells Holdings, Commercial Bank of Ceylon and Dialog Axiata are the companies which recorded the highest overall scores in the assessment’

– ft.lk/front-page/Lankan-firms-moderately-transparent-in-corporate-reporting-TISL/44-730003

– economynext.com/sri-lanka-jkh-becomes-most-transparent-in-corporate-reporting-90096/

– dailymirror.lk/business-news/Lankan-firms-record-marginal-improvement-in-corporate-reporting-TISL/273-230380

• National Chamber of Commerce focus on SDGs, inclusivity and equality

– island.lk/ncc-focusing-on-sdgs-inclusivity-and-equality/

______________________________________________________

C10. Politics (Anti-parliament discourse, unelected constitution)

ee Politics points to the constant diversions and spectacles and the mercantile and financial forces funding the political actors, of policy hijacked by private interests minus public oversight.

• We broke off the clutches of the English in 1948 – Daily Mirror

– dailymirror.lk/opinion/Crafty-lawmaking-and-celebrating-independence-EDITORIAL/231-230435

• D. S. Senanayake, architect of Sri Lanka’s independence From bondage to freedom

‘Harbouring deep suspicions on the intentions of our giant neighbour; D.S. Senanayake was convinced that we need a defence arrangement with a powerful country for our safety.’

– dailymirror.lk/opinion/The-architect-of-Sri-Lankas-independence-From-bondage-to-freedom/231-230433

• Conventional narratives depict the colonial elite as national heroes – Devapriya

– island.lk/an-untold-history-of-sri-lankas-independence/

• Pundits Define Principles – Nalin de Silva

– kalaya.org/2022/01/blog-post_27.html

• Sinhala Buddhists in Catholic Eyes – Nalin de Silva

– kalaya.org/2022/01/blog-post_29.html

• Question to the Cardinal about freedom – Nalin de Silva

– kalaya.org/?p=5007

• Westerners on the Pandemic – Nalin de Silva

– kalaya.org/2022/01/blog-post_30.html

• Mahayshakya Rotten Egg Tradition – Nalin de Silva

– kalaya.org/2022/01/blog-post_87.html

• The international Limits of our People

– kalaya.org/?p=5006

• Sri Lanka’s march to freedom alongside the rest of Asia

– lankaweb.com/news/items/2022/02/04/sri-lankas-march-to-freedom-alongside-the-rest-of-asia/

• Sajith unnerved by Champika’s actions

– dailymirror.lk/opinion/Sajith-nerved-by-Champikas-actions/172-230548

• JVP accuses Avant Garde of AKD egg attack

– themorning.lk/jvp-accuses-avant-garde-of-akd-egg-attack/

– economynext.com/sri-lanka-ruling-party-concerned-egg-attack-on-marxist-leader-attempt-to-discredit-govt-90091/

• Students of Ragama medical faculty injured in assault, Minister Resigns

– adaderana.lk/news/80307/several-students-of-ragama-medical-faculty-injured-in-assault

– newsfirst.lk/2022/02/02/ragama-medical-faculty-students-injured-in-early-morning-attack/

– island.lk/goons-raid-ragama-medical-faculty-undergrads-detain-lands-and-parliamentary-reforms-ministry-vehicle-driver/

– island.lk/ragama-medical-faculty-clash-state-minister-resigns-following-sons-arrest-bmw-taken-into-custody/

• Jayewardene government mired in multiple crises turned on the JVP in 1983

– island.lk/ghosts-from-past/

– island.lk/jvp-accuses-govt-of-resorting-to-thuggery-following-eggs-being-hurled-at-the-motorcade-of-its-leader/

• JR’s grandson says he was attacked with chili powder mixed water

‘Pradeep Jayewardene’s grandfather President J. R. was instrumental in institutionalising goons’

– dailymirror.lk/latest_news/JRs-grandson-says-he-was-attacked-with-chili-powder-mixed-water/342-230208

– island.lk/augean-stables/

 • Suburban & urban middle class continues to pull the strings of every other oppositional outfit

– island.lk/purism-in-the-era-of-mass-politics/

• Why JVP-NPP leader AKD would flunk political science

– island.lk/why-jvp-npp-leader-akd-would-flunk-political-science/

• Opposition Leader claims military security has failed

– lankaweb.com/news/items/2022/01/30/the-heir-of-yahapalana-govts-failed-agenda/

• Political & Economic situation today reminiscent of January 1962 attempted coup time

– island.lk/jvp-or-sjb-in-pole-position/

• Ex-COPE chief calls for punitive surcharge

‘Audit by Auditor General WPC Wickremaratne recently revealed legal fees obtained by Romesh de Silva, PC and Sanjeeva Jayawardena, PC, Chairman of the Monetary Board Risk Oversight Committee, in addition to being the Chairman of the Ethics Committee of the Central Bank’

– island.lk/ex-cope-chief-calls-for-punitive-surcharge/

• From Revolution (Viplavaya) To Transformation (Parivarthanaya): AKD’s Response To 10 Questions

 – colombotelegraph.com/index.php/from-revolution-viplavaya-to-transformation-parivarthanaya-akds-response-to-10-questions/

• Why AKD Is Majorly Wrong & Is The Wrong Guy To Lead—And Sajith Would Be Too If He Gave The Same Dumb Answer

– colombotelegraph.com/index.php/why-akd-is-majorly-wrong-is-the-wrong-guy-to-lead-and-sajith-would-be-too-if-he-gave-the-same-dumb-answer/

• Sarath Fonseka doubts country will develop even if they form a govt

– adaderana.lk/news/80250/sarath-fonseka-doubts-country-will-develop-even-if-they-form-a-govt

• This Is A Crisis Of Socialism, Not Capitalism

 – colombotelegraph.com/index.php/this-is-a-crisis-of-socialism-not-capitalism/

 • Binary Nonsense: A Response To ‘This Is A Crisis Of Socialism, Not Capitalism’

– colombotelegraph.com/index.php/binary-nonsense-a-response-to-this-is-a-crisis-of-socialism-not-capitalism/

• D.S. Senanayake realised depending solely on tea, rubber and coconut was certainly not health

– dailymirror.lk/opinion/Much-needs-to-be-done-to-resuscitate-Sri-Lanka-EDITORIAL/231-230366

• Removing Politico-Constitutional root cause of the crisis

– dailymirror.lk/opinion/Removing-Politico-Constitutional-root-cause-of-the-crisis/231-230296

__________________________________________________________

C11. Media (Mis/Coverage of economics, technology, science and art)

ee Media shows how corporate media monopoly determines what is news, art, culture, etc. The media is part of the public relations (corporate propaganda) industry. The failure to highlight our priorities, the need to read between the lines. To set new perspectives and priorities.

• UNDP & EU launch 4th ExtremeLives Tale Telling

– island.lk/extremelives-is-back-with-transformative-stories-of-youth-from-south-asia/

• Iraq, or, Remembering Why they Hate Julian Assange

– blackagendareport.com/iraq-or-remembering-why-they-hate-julian-assange

• Science Fail – Nalin de Silva

– kalaya.org/2022/02/blog-post.html

• When Did Avoiding The Plague Become Controversial?

‘‘Natural immunity’ just means being a sick a lot, and potentially giving yourself ‘pre-existing conditions’ which make it your fault if you die.’

– indi.ca

• Former BBC journalist Saroj Pathirana joins Verité Media as an advisor

– island.lk/former-bbc-journalist-saroj-pathirana-joins-verite-media-as-an-advisor/

• COVID vaccines and curse of disinformation and misinformation

– island.lk/covid-vaccines-and-curse-of-disinformation-and-misinformation/

• Supreme Court can’t hear Young Journalist Association’s petition on Personal Data Protection

– dailymirror.lk/latest_news/SC-determines-it-has-no-jurisdiction-to-hear-Young-Journalist-Associations-petition/342-230285

• How Too Much Data Makes People Stupid

– indi.ca

• Development Journalist Forum & Helvetas, conduct Multimedia/Blog training in Jaffna

‘part of the Incubator Spaces for Promoting Information Rights and Freedom of Expression (InSPIRE) project funded by the European Union’

– sundaytimes.lk/220130/sunday-times-2/multimediablog-training-for-jaffna-university-students-470785.html

• Northern journos mark ’Black January’ demanding justice for past crimes against journalists

 – timesonline.lk/news-online/Northern-journos-mark-Black-January-demanding-justice-for-past-crimes-against-journalists/2-1136649

• 24 years after the LTTE attack on Dalada Maligawa

– dailymirror.lk/news-features/After-24-years-of-the-LTTE-attack-on-Dalada-Maligawa-Former-Diyawadana-Nilame-Neranjan-breaks-the-ice/131-230243

• Ruwanweliseya Stupa

– lankaweb.com/news/items/2022/01/29/travel-with-chatura

• Protecting the Authentic Teaching of the Buddha

– lankaweb.com/news/items/2022/01/31/protecting-the-authentic-teaching-of-the-buddha/

• Ananda Gunathilake’s debut novel ‘Sisilagni’

– dailymirror.lk/news-features/A-portrait-of-the-radical-as-a-young-man/131-230242

• Gananath Obeyesekere at 92 –

‘Marshall Sahlins, Professor of anthropology at Chicago challenged Gananath’s account of what Cook was said to have done. A debate was called for, both agreed to it, Sahlins failed to turn up. And then, of course, a whole cacophony of support for Sahlins broke out from the Eurocentric readers of the world.’

– island.lk/gananath-obeyesekere/

• The Museum of Modern and Contemporary Art Sri Lanka announces second exhibition

‘Encounters’ is generously supported by the European Union, Foundation for Arts Initiatives, John Keells Foundation, and Asian Hotels and Properties.’

– island.lk/the-museum-of-modern-and-contemporary-art-sri-lanka-announces-its-second-exhibition-titled-encounters/

• 75 years of moviemaking: When the Govt. stifled cinema independence

– dailymirror.lk/news-features/75-years-of-moviemaking-When-the-Govt-stifled-cinema-independence/131-230369

• “Geoffrey Bawa: It is Essential to be There” supported by Nations Trust Bank

– bizenglish.adaderana.lk/geoffrey-bawa-it-is-essential-to-be-there-supported-by-nations-trust-bank/

• Daring Boer prisoner escapes, cricket match and more

– sundaytimes.lk/220130/plus/stuff-of-movies-daring-boer-prisoner-escapes-cricket-match-and-more-470406.html

• ‘Memoirs of Princess Alice – Duchess of Gloucester’ recalls February 10, 1948

– sundaytimes.lk/220130/plus/a-duchess-recalls-pomp-and-pageantry-of-our-independence-470471.html

• NABCO England signs Sri Lanka’s Future.i to tell its tales

‘Nabco provides modern and innovative retail shelving and accessories in England and Ireland’

– dailymirror.lk/press-releases/NABCO-UK-signs-Future-i-as-its-strategic-marketing-communications-and–digital-service-agency-for-2022-and-beyond/335-229933

• Promoting Gandhara

– lankaweb.com/news/items/2022/02/04/promoting-gandhara/

• 12 journalists killed in 1 month, Press Emblem Campaign demands justice to bereaved families

– lankaweb.com/news/items/2022/02/01/12-journalists-killed-in-one-month-pec-demands-justice-to-bereaved-families/

• Amazon raises Prime membership fees to offset growing costs midst record profits

– radiohc.cu/en/noticias/internacionales/285036-amazon-raises-prime-membership-fees-to-offset-growing-costs

_________________________________________________

email: econenews@gmail.com

blog: eesrilanka.wordpress.com

_________________________________________________

Published by ee ink.

This site is inspired by the dedicated scholarship and work of S.B.D. de Silva, author of "The Political Economy of Underdevelopment"

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