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Christianizing of Sri Lanka – UNP’s Betrayal of Buddhism

Andrew Sparkes the British envoy to Nepal sparked controversy in demanding the appropriate to convert be included into Nepals new constitution. The Pope has vowed to convert 100million non-Christians to Christianity by 2025. Each West&#8217s &amp the Vaticans objectives compliment a &#8216Look East Policy&#8217 mirroring colonial rule with gun in a single hand and Bible in the other.&nbspDo non-Christians have a right to worry when Theravada Buddhist Asia is now targeted?&nbspYes but slogans of reconciliation, multiculturalism, multi-faith employing international agencies/envoys shoot down these issues. Nonetheless secularism is no license for conversion. The statistics are alarming.&nbspThe Centre for the Study of International Christianity declares Nepal to be the quickest Christianity developing country in the globe, followed by China, UAE, Saudi Arabia &amp Qatar. How has the UNP contributed to realization of Christianizing/Evangelizing Sri Lanka?
The function of the Church in Sri Lanka
From the time the Portuguese landed in Sinhale in 1505 the Church&#8217s mission was anti-Sinhala Buddhist and anti-national. The Church together with the Portuguese, Dutch and the British set out to oppress indigenous religions &#8211 Buddhism and Hinduism. Compulsory conversions was a kind of terrorism utilised that led to converting or facing death and destructions to kovils and temples. Portuguese historian Queroyz lists down the temples that have been destroyed and on top of which Churches are erected. Colonialism and conversions became trojan horses to plunder continents of Asia, Africa, Middle East and Latin America with the purpose to indoctrinate followers to appear down on neighborhood traditions, values, national heritage, indigenous religion and appear at history from the prism of the benefits that the West delivered. Indigenous heroes and patriots had been taught to be despised.
The Church succeeded in alienating a chunk of the native populace away from their heritage steering them to function as surrogates &amp fifth columnists and not showing the qualities of kshatriyas (patriotic warriors). They have been turned into sepoys or mercenaries of the Church/West. The question of where the allegiance of these converted Catholics lies whether or not to the State or to the wishes of the Vatican is typically shrouded in controversy.
In China, neighborhood Catholics are debarred from dealing with the Vatican to guarantee Chinese Catholics integrate with Chinese culture/nationalism. In Sri Lanka we can recall the Catholic Action that led to the failed military coup by Christian military officers in 1962. The allegations of the Church hyperlinks to the LTTE on behalf of the West by means of Christian NGOs as well as LTTE front heads who are Fathers and have openly compared Prabakaran with Jesus without having any objections from the Vatican.
The US Govt via the USAID allocates billions to more than 50,000 faith-based organizations with the distinct job to convert.
UK-linked Wahhabi Islam makes use of $ 100billon to export extremist Wahhabi Islam to purposely trigger disharmony and give West a foothold.
UNP &#8211 anti-Sinhala/anti-Buddhist
The oldest national political celebration in Sri Lanka is the United National Celebration. Its leader D S Senanayake is fondly identified as the Father of the Nation. Quick post-independent leaders of Sri Lanka have been practically all Christian/Catholic. English education was only for the converted and missionary education was capable to create natives loyal to Western dogma/ideology/values and even dress! As a result the absence of calls to reverse discrimination to the Sinhale nation/Sinhala Buddhists.
The UK&#8217s unwritten constitution follows a political tradition that tends to make the Queen the Head of the Church of England who appoints 15 representatives of the Church of England to the House of Lords. If so, why are efforts being made to subtly eliminate the foremost place given to Buddhism and proper to reclaim Sri Lanka as a Buddhist nation? When Tony Blair a Catholic became Prime Minister the 1st factor he did was to convert to Protestant which is moreorless what the Catholic UNP leaders did in converting or pretending to be Buddhists for political relevance. One particular month just before he left office Blair reconverted to Catholicism once more and concerns the ceremonial Buddhist politicians of Sri Lanka! Bands of pirith nool tied about wrists do not make politicians Buddhists.&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp
Evidence of UNP&#8217s pro-Christian hyperlinks
  • UNP leader unchallenged considering that 1994 is a Christian and only a Buddhist for cosmetic purposes.
  • His preferred advisors and close buddies are all evangelists and pro-Christians
  • Ranil Wickremasinghe is the Vice Chairmen of the IDU and Chairman of the Asia Pacific Democratic Union. The International Democrat Union(IDU) is an international grouping of conservative and Christian democratic political parties. Formed in 1983, the IDU gives a forum in which political parties holding similar beliefs can come collectively and exchange views on matters of policy and organizational interest, in order that they might act cooperatively, establish contacts, and present a unified voice toward the promotion of center-correct policies across the globe
  • No sooner the UNP Leader became Prime Minister in 2001 the Buddha Statue that was placed in front of Sirikotha from the time of the late Senanayakes was relocated.
  • His 1st achievement after taking workplace was to sign a ceasefire agreement on 22 Feb 2002 drafted by Evangelical Norway endorsed by LTTE putting these terrorists on par with a reputable elected Government and giving territory to these terrorists and claiming he had done a fantastic achievement!
  • When Ranil Wickramasinghe became Prime Minister in 2001 he appointed a Cabinet of Ministers of whom over 60% had been Christians by faith in a country where more than 70% were Buddhists and by the same equation how he came into power!
  • In 2001 for the 7.5% Christians and 8% Muslims, Ministry of Christian Affairs &amp Ministry for Muslim Affairs was designed. The same has been accomplished in his 2015 manifesto. No country in the planet has such Ministries for such numbers!
  • In 2001 he appointed John Amaratunga as Minister in charge of Interior Affairs below whom Public Safety and Police, as well as the Dept of Immigration &amp Emigration came so Visas had been freely granted to inbound Evangelists to spread the faith. He was also created the Minister of Christian Affairs.
  • Beneath this Minister, the Police were instructed to make sure that the whole month of December was celebrated for Christmas with lighting. The exact same portfolio has been provided in 2015.
  • Below Ranil&#8217s rule in 2001 Buddhist ceremonies were provided step-motherly treatment and in some circumstances directives were given not to issue permits for loudspeakers even for important Buddhist functions like Wesak and Poson
  • In 2001 illegal prayer centers around the country were given police protection in residential regions – Police had been instructed to ignore complaints produced by Buddhists when they complained about illegal religious activities
  • In the course of this identical period no interest was paid to excavation thefts of Buddhist artifacts and destruction of Buddhist archaeological sites as the Minister of Christian Affairs was also in charge of Public Safety and no surprise rapidly forward to 2015 the UNP leader has appointed the identical particular person as Minister for each portfolios as soon as once more!
  • The pattern continued with the appointments to the State Rupavahini &amp Radio station to guarantee Buddhist opinion and voice was drowned in 2001 with the exact same occurring now in 2015 and with each and every year the incursions gained a good results to the Christian bloc and a loss to the Buddhists! Enumerate that into future and lack of opposition to foretell what the ultimate outcome is targeted to be!
  • In 2002 the Prime Minister, the Media Minister and the Lakehouse had to extend an apology to the Maha Sangha for a mischievous try to challenge the authenticity of the relics enshrined in the sacred Temple of the Tooth with a group of non-Buddhist writers preparing an report issued below a Muslim writer who was fired from his post later.http://archives.dailynews.lk/two 002/01/21/new14.html&nbspnumerous attempts have been made making use of Christian/Muslim writers to denigrate Buddhists/Buddhism in each state &amp private print &amp electronic media. Practically all editors are non-Buddhists and normal columnists are non-Buddhists as well. None of the published news is in proportion to the 70% Buddhist populace.
  • The present editor of the&nbspSunday&nbspObserver was the very same editor in 2002 that published the post beneath a Muslim journalist! Present editors ofSunday&nbspObserver and Day-to-day News are Christians. We can previously recall yet another editor who forced Lakehouse employees to attend Bible classes!
  • Catholic Archbishop Rt.Rev. Oswild Gomis was appointed Chancellor of Colombo University permission was granted for Christian Evangelical groups to conduct “Open Air Prayer Healing ” sessions in close proximity to Buddhist temples so that Buddhist ceremonies would be drowned by the loudspeaker noises of the healing sessions
  • In 2005 possibly to prop up his vote, the UNP Leader launched a book on Buddhism which was challenged to a debate by JHU Ven. Omalpe Sobhitha Thero which the UNP leader did not accept and not surprisingly for a person who does not know what &#8216pasdun korale&#8217 is!
  • Then in 2005, the Archbishop of Colombo Rev. Oswald Gomis and the Golden Important crook Lalith Kotelawala inserted an advertisement titled &#8216Christians Awake&#8217 producing a veiled request for Christians and Catholics not to vote for Mahinda Rajapakse at the Presidential Election. This exact same Mahinda Rajapakse inspite of requests not to, invited the Pope to bless Sri Lanka but was not President to accept the invitee because the Catholics/Christians did not vote for him! The Church has come out once again subtly telling Christians/Catholics who to vote!
  • Numerous other Catholic priests openly side with the LTTE and have joined LTTE supporters to write to UN to press for war crimes charges against these who liberated the nation from terrorism.
  • Ranils chosen Minister of Ladies &amp Kids&#8217s Affairs wasdistributing Bibles to a school in Maligakanda where the students had been nearly completely Buddhist and Muslim The exact same minister is soliciting funds to convert as &#8216Born Once more&#8217 numerous
  • UNP Leader visited Portugal and personally invited the Prime Minister to&nbsp&nbspto pay a visit to Sri Lanka in 2005 to celebrate the 500th Anniversary of Portuguese colonization of Sri Lanka (and entry of Christianity to this nation) totally ignoring the murders&nbsp&nbspcommitted by the Portuguese in Sri Lanka and the destruction of temples &amp kovils on leading of which churches are nowadays erected.
  • In 2007 Jeyraj Fernandopulle said&nbsp&#8220Like me, Ranil Wickremesinghe and Ravi karunanayaka had been born Christians. It is incorrect for them to use the accusing finger at a priest of a different religion and get in touch with him names.&#8221 When Ranil attacked&nbspVenerable Ellawela Medhananda more than a automobile registration.
  • In 2010 the&nbspAll Island Monks Organisation accused Ranil W of insulting Buddhism
  • In 2012 Ranil Wickremasinghe claimed that the&nbspKapilavasthu relics had been those of Sariputta and Moggallana (the two disciples of Buddha) though Buddhists think the relics are those of Buddha!
  • Key UNP MPs openly denounce Buddhism going so far as to publicly declare that the Buddhist identity of Sri Lanka needs to be replaced.https://www.youtube.com/watch? v=lJ2WYlfjm-E
  • UNP has paid only lip service to occasions where Buddhists have faced attack ex: Bangladesh, Thailand, Myanmar and even in India
  • UNP has in no way been the voice for the Buddhist heritage/history of Sri Lanka though majority of UNP supporters are Sinhala Buddhists
  • Sri Lanka media is in the hands of pro-Christian editors who all take pains to promote UNP policies and politicians and denigrate Buddhists/Buddhism (content material evaluation of editorials / selected writers and their writings / themes and so on will reveal this clearly although examples have been offered in the Press Commission Report of 1964 and warrants a fresh commission)
  • Majority of influential middle class Catholics extend assistance to UNP what ever policies it holds in view of their allegiance to the Church neglecting the threat
  • The Christian Law &amp Order Minister in search of Rs.300m from China in exchange for assessment of Port City to renovate the Thewatte Church that has been lengthy accused of distorting history.http://www.lankaweb.com/news/ products/2015/07/27/distortion- of-buddhists-history-in-sri- lanka-by-thewatta-church-in- ragama-is-just-a-tip-of-a- large-ice-burg/

This cartoon sealed the fate of the UNP in 1956

It depicted Sir John Kotelawala riding an elephant (the symbol of the UNP) pointing a spear at the Buddha statue. Accompanying Sir John was individuals dressed in western garb drinking and dancing (Western Liberalism gradually attempting to take away the Buddhist cultural heritage of Sri Lanka) in the foreground was a calf killed and prepared to be barbecued…(Buddhists have been appealing against animal slaughter in maintaining with Buddhas preaching to treat Man and Animal equally) &#8211 the characters can simply be replaced by present day UNP leaders and the message hasn&#8217t changed much!&nbspThis cartoon shook the Sinhala Buddhists

The West are now using UNP to evangelize Sri Lanka in a bigger Asian strategy that is targeting the Theravada Buddhist nations that are covering China. This demands that Sri Lanka be alert as properly as project the plans in location and expose the West-Church links and their puppets in Sri Lanka. What Buddhists and converted Christians have to realize is that these imperialistic efforts have absolutely nothing to do with teachings of Christianity (in whatever kind) but Christianity is getting used as a tool to firstly enrich the Church and produce loyal Asian/African foot soldiers loyal to Western Christian hegemony out of the Third World.

Not numerous countries can boast of a civilizational history as extended as Sri Lanka. The glorious previous observed in monumental ancient relics/artefacts/ archaeological sites can not be allowed to be destroyed or its history distorted simply because other faiths do not have such wealthy previous to be proud of and a religion not based on myths but scientifically proven. For jealousy and spite&nbspour country can not become victim for ethno-religious demographic alter or become the ground to destroy fellow nations!

Devo vassatu kalena &#8211 Might gods give rain in due season

Sasa sampatti hotuca&nbsp &#8211 May possibly the crops be bountiful

Pito bhavatu lokoca &#8211 Could the folks be satisfied

Raja bhavatu dhammiko &#8211 Could the king be righteous

Only those who worth &amp want to preserve the nations historical past will foresee the dangers and endeavour to shield it from destruction

Shenali D Waduge

Additional reading :

  • Report of the All Ceylon Buddhist Congress on Unethical Conversions
    http://www.acbc.lk/images/ stories/pdf/chapter%202.pdf
  • http://www.lankaweb.com/news/ things/2012/11/17/manipulative- christian-conversions-in-sri- lanka-some-perspectives/
  • http://www.boston.com/news/ unique/faith_based/faith_ based_organizations.htm

Categories
General

Loss due to Controversial Bond

THIS IS THE Biggest LOSS THAT SRI LANKA HAS EVER SUFFERED.
Attached herewith is an professional computation of the improve in interest expenses that has been suffered by the Government as a result of the 30 year bond interest price getting artificially improved on 27th of February 2015.&nbsp
This huge loss as pointed out by Hon Bandula Gunawardena is increasing every time Treasury Bills and Bonds are issued from 27th February 2015 onwards. It has currently reached mega proportions as shown by him, and is simply the single biggest loss that the Sri Lankan Government has ever suffered IN It’s Complete HISTORY. What is worse is that it is continuing and the losses are mounting each and every week.&nbsp
Consequently, this bleeding Must BE STOPPED right away if the economy is to be safeguarded.
Sadly, the government as effectively as most men and women are in a state of denial with regard to these losses, and that is what is so sad.&nbsp
In the meantime, the interest rates are now artificially high as a result of the bond fiasco, and the government as nicely as all the people are now paying these unnecessarily higher rates. The benefit of the low inflation regime is&nbsp becoming squandered.

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Arjuna Mahendran not straight involved in Treasury Bond situation, says committee

The committee appointed by Prime Minister Ranil Wickremesinghe to inquire into the recent Central Bank Treasury Bond problem has stated that Governor Arjuna Mahendran had no direct part in deciding to accept bids over and above the Rs 01 billion stipulated in the 30-year bond tender and accepting up to Rs. 10 billion.

However, the committee has created far reaching recommendations to guarantee transparency and far better governance at the Central Bank of Sri Lanka.

Meanwhile, the Committee states it has noted critical lapses on the part of the Bank of Ceylon (BOC) via which Perpetual Investments, said to belong to Governor Mahendran&#8217s son-in-law, had routed an unusually huge quantity of bids for the 30-year bond.

The Committee observed that the bidding pattern of Perpetual Investments was uncommon and warranted additional investigations.

The media release issued by the Ministry of Policy Preparing and Financial Affairs:

The committee of eminent lawyers which inquired into the 30-year Treasury Bond issuance has produced far reaching recommendations to guarantee transparency and far better governance at the Central Bank.

The 3-member Committee had interviewed a big number of individuals, which includes the governor, officials from the Central Bank, primary dealers and Perpetual Treasuries.

Many deficiencies in the bank&#8217s Public Debt Department (PDD) which handles all matters relating to servicing the domestic and foreign debt of the government of Sri Lanka was observed by the Committee.

&#8220Since the PDD is dealing with the most sensitive information of the government, the committee is of the opinion that a proper supervisory and monitoring mechanism has to be right away implemented with regard to its activities,&#8221 the committee mentioned in its 19-web page report.

However, the committee found that Governor Arjuna Mahendran had no direct role in deciding to accept bids more than and above the one billion rupees stipulated in the 30-year bond tender and accept up to ten billion rupees. The PDD had projected the government&#8217s funding requirement as at 2nd March 2015 at 13.55 billion rupees.

&#8220Even though the minutes of the Monetary Board number 4/2015 specifies to problem a 30-year treasury bond, the amount of the bond has not been decided by the Monetary Board (of which the governor is the chairman).

&#8220This exercising is vested with the PDD as per the Operational Manual of the PDD. The decision to accept the excess amount has been taken by the Tender Board Committee that comprises eight members.

&#8220The governor of Central Bank of Sri Lanka is not a member of the Tender Board Committee.&#8221

The Committee concluded that there was no proof to the impact that the governor had direct participation with regard to the activities of the PDD and the Tender Board Committee.

Nonetheless, the Committee noted critical lapses on the element of the Bank of Ceylon (BOC) by way of whom Perpetual Treasuries had routed an unusually huge amount of bids for the 30-year bond.

The Committee observed that the bidding pattern of Perpetual Treasuries was uncommon and warranted a further investigation.

It noted that the Bank of Ceylon ought to also carry out a forensic audit and seek explanations from its Chief Dealer and other individuals on ad-hoc choices risking a big quantity of BOC funds involved in the 30-year bond transaction.

The 3-member Committee that looked into the 30-year bond concern comprised Gamini Pitipana (Attorney-At-Law) as Chairman and Mahesh Kalugampitiya (Lawyer-At-Law), Chandimal Mendis (Lawyer-At-Law) as committee members.

Source: Ada Derana

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Introducing Hon. Ranil Wickramasinghe

Prime Minister Hon. Ranil Wickramasinghe going to Elpitiya in an Air Force Helicopter to inaugurate just one more Free WIFI zone below “Yahapalanaya”.&nbsp

Is this fueled, operated and maintained by water?&nbsp

This would have been OK if not the exact same men and women did not criticize the prior government for making use of helicopters.&nbsp


Additionally, Hon. Ranil Wickramasinghe enjoying a VVIP ride inside the one hundred days.
Hon. Wickramasinghe extensively uses Air Force Helicopters to go to personal areas and short distances as properly. Photographs of chopper rides have been noticed in Kataragama and Homagama.

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Ranil is enjoying one hundred days…

Colombo Port City Suspension Creates Uncertainty For Foreign Investors
When Sri Lanka effectively defeated the Tamil Tiger rebels in May possibly 2009, placing an end to Asia&#8217s longest civil war, there was hope to transform the island nation into a &#8216Miracle of Asia&#8217.

Successive government&#8217s had dreamt of transforming the capital Colombo into a major economic and tourism hub but the 30-year conflict had left no area for development…

Read a lot more @&nbsphttp://www.thesundayleader.lk/ 2015/03/29/colombo-port-city- suspension-creates- uncertainty-for-foreign- investors/


China denies Rajitha&#8217s claims on slashing expressway expense

Acting Ambassador of China, Ren Faqiang denies that a sum of Rs 30 billion has been decreased from the building cost of the Colombo Outer Circular Expressway, as claimed by Cabinet Spokesman Dr Rajihta Senaratne…

Watch @&nbsphttps://www.youtube.com/watch? v=t1H4BCzxuPg


Rajitha: &#8216I repeated what Ranil said&#8217

Cabinet Spokesman and Overall health Minister Rajitha Senaratne stated yesterday that it was Prime Minister Ranil Wickremesinghe who had told him that the Chinese contractor developing a section of the Colombo Outer Circular Road connecting the Highways had agreed to lessen the price of the project by Rs. 30 billion.

He produced the claim throughout the weekly Cabinet Press Briefing in Colombo.

Senaratne was responding to a denial by the Chinese Embassy in Colombo of a statement produced by him on Wednesday…

Study far more @&nbsphttp://www.island.lk/index. php?page_cat=post-particulars&amp web page=article-information&ampcode_ title=122575


National Chamber expresses concerns on CEPA
The National Chamber of Commerce of Sri Lanka, counting more than 65 years of service to the company community in Sri Lanka and obtaining a membership of over 630 corporates and more than 1500 Tiny and Medium Enterprises, is concerned more than the proposed signing of the CEPA (Comprehensive Economic Partnership Agreement) with India…

Study more @&nbsphttp://www.island.lk/index. php?page_cat=write-up-information&amp page=write-up-information&ampcode_ title=122559


Numerous bank heads resign, some probably to challenge Finance Ministry order
Following the resignations of Dr. Rani Jayamaha as Chairperson of Hatton National Bank and Sunil Wijesinha as National Development Bank PLC Chairman and the likelihood of far more such resignations, extremely reputable sources indicated that the Finance Ministry has notified a number of private commercial bank heads who had been appointed to represent government owned shares to step down…

Read more @&nbsphttp://www.adaderana.lk/ bizenglish/many-bank-heads- leave-some-most likely-to- challenge-finance-ministry- order/


Below photos showcase the present status of some places of Colombo…



&#8203
See much more @&nbsphttp://www.mahinda.information/2015/ 04/colombo-fate/

Lastly, Ranil is enjoying one hundred days in his Jet…

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Maithri behind attempts against 19A: JVP

The Janatha Vimukthi Peramuna (JVP) Leader Anura Kumara Dissanayake right now charged that President Maithripala Sirisena was behind the statements made by Minister Patali Champika Ranawaka and MPs Anura Priyadarshana Yapa and Nimal Siripala de Silva against the 19th Amendment.

&#8220The silence of President Sirisena reflects that he is behind the attempts against the 19th Amendment. Otherwise, some components with only two parliamentary seats will not be in a position to make a lot hype. The President ought to prove in action if he is not involved in this anti-19th Amendment conspiracy,&#8221 Mr. Dissanayake told a news conference.

Source:&nbsphttp://www.dailymirror.lk/ 68723/video-maithri-behind- attempts-against-19a-anura

Is this part of the master strategy orchestrated by Rajitha Senaratne and JHU? Listen to it @&nbsphttps://www.youtube.com/ watch?v=jBm_dzDGIGU

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Sri Lanka’s borrowing soars just before parliamentary poll

(Adds government increasing t-bill threshold)

COLOMBO, April 6 (Reuters) – Sri Lanka’s government borrowing has risen sharply considering that January, central bank information showed on Monday, as the new government seeks to woo voters and strengthen its grip on energy at a parliamentary election.

The government has sharply elevated state sector wages and lowered duties on key commodities, placing pressure on government finances and pushing yields on Treasury bills up by in between 76 to 82 basis points (bps) considering that Jan. 7.

Possessing won a presidential election on Jan. 8, President Maithripala Sirisena appointed Ranil Wickramasinghe as prime minister, although he lacks a majority in the 225-seat parliament.

Sirisena has pledged to hold parliamentary elections, which could take location prior to the finish of June – a year ahead of schedule.

The total outstanding stock of T-bills and T-bonds rose by 216.six billion rupees ($ 1.63 billion) in the 1st three months of this year – equivalent to about 90 % of total net borrowing through T-bills and T-bonds in 2014.

Total outstanding dollar-denominated Sri Lanka Improvement Bonds (SLDB) jumped 18 percent in the first 3 months with the government borrowing a net 70 billion rupees worth SLDBs.

Finance Minister Ravi Karunanayake said he will seek parliamentary approval on Tuesday to raise the threshold limit in treasury bill borrowing to 1,250 billion rupees ($ 9.4 billion) from an earlier 850 billion rupees. As of Wednesday, outstanding treasury bills totalled 829.two billion rupees.

Government spokesman Rajitha Senaratne told Reuters on Friday that the government demands to borrow more to spend contractors who took on debt in order to complete ambitious infrastructure projects for the duration of the previous administration’s tenure.

Sirisena has ordered a evaluation of all infrastructure projects under the previous government, alleging corruption.

Market analysts mentioned the pressure on government finances was also due to a delay in a planned sovereign bond situation of up to $ 1.5 billion.

Roadshows to test investor appetite identified some fund managers have been reluctant to purchase the bond prior to the election, according to analysts, although there had been nonetheless some who favoured a eurobond problem this month.

(Reporting by Shihar Aneez and Ranga Sirilal Editing by Simon Cameron-Moore/Ruth Pitchford)

Very first Published: 2015-04-06 06:28:35 Updated 2015-04-06 18:37:49

Supply: http://www.sharenet.co.za/news/Sri_Lankas_borrowing_soars_ahead_of_parliamentary_poll/233983ab1b2e470e168cdfa073cbf8fd

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General

Sri Lankan shares fall for 5th session on margin calls, political woes

COLOMBO, MARCH 27

(Reuters) – Sri Lankan shares fell for a fifth straight session on Friday and closed at their lowest in practically eight months as investors sold their stocks to settle margin trading ahead of quarter-end, whilst political worries also weighed on sentiment.

The main stock index ended .71 percent, or 49.31 points, weaker at six,873.52, its lowest close given that Aug. six and further moving away from the essential psychological assistance level of 7,000. It has lost six.07 percent in the previous 20 sessions.

“The marketplace fell across the board due to margin calls and month-end settlement selling stress,” said Dimantha Mathew, research manager at First Capital Equities (Pvt) Ltd.

Analysts count on the subsequent support level at six,800.

Shares of the country’s best mobile telephone operator, Dialog Axiata Plc, fell .92 %, whilst conglomerate John Keells Holdings Plc dropped .69 percent.

Shares of the country’s biggest listed lender, Commercial Bank of Ceylon Plc, fell .71 %.

The day’s turnover was 447 million rupees ($ 8.28 million), much less than half of this year’s daily average of 1.21 billion rupees.

Foreign investors sold a net 91.5 million rupees worth of shares. But they have been net buyers of three.12 billion rupees so far this year.

Analysts mentioned issues that the government’s decision-producing approach would slow down, also weighed on sentiment following President Maithripala Sirisena formed a national government incorporating the main opposition party in a bid to push by way of reforms and preserve political stability.

Reuters

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President permits singing of National Anthem in Tamil- Mano

In a significant reconciliatory move, President Mathripala Sirisena will be sending a circular to all institutions saying that there is no bar on singing the Lankan national anthem in Tamil.

He will thus be lifting an unofficial ban current since 2010, when President Mahinda Rajapaksa let it be known that government will frown on singing the anthem in Tamil. Schools and other institutions, which have been utilizing the Tamil version of &#8220Sri Lanka Matha, Apa Sri Lanka&#8221 because 1951, stopped performing so.

Sirisena announced his choice to lift the language bar when the leader of the Democratic Peoples&#8217 Front (DPF), Mano Ganeshan, raised the issue at the National Executive Council (NEC) meeting on Tuesday.

&#8220The President stated that he would send a circular saying that there is no ban on singing the national anthem in Tamil. He also stated that he would have the matter cleared by the National Security Council,&#8221 Ganeshan has told the New Indian Express.

It was in 1951 that newly independent Lanka adopted Shantiniketan-educated Ananda Samarakoon&#8217s Sinhalese-language song &#8220Sri Lanka Matha, Apa Sri Lanka&#8221 as the national anthem. Simultaneously, a Tamil version, &#8220Sri Lanka Thaaye Nam Sri Lanka&#8221, composed by the Lankan Tamil poet, M.Nallathambi, was also adopted. For decades, both versions have been sung, even though only the Sinhalese version had constitutional sanction.

But the victory of the Lankan armed forces over the Tamil Tigers in 2009, resulted in Sinhalese-nationalist parties like the National Freedom Front (NFF) and the Jathika Hela Urumaya (JHU) demanding a ban on the Tamil version on the ground that nations sanction use of only 1 language for singing the national anthem.

On December 12, 2010, Home Minister W.D.John Senewiratne introduced a cabinet paper to officially disallow singing the anthem in Tamil. President Rajapaksa, who headed the cabinet, did not officially commit himself to Senewiratne&#8217s proposal, but word went around that his government did not favor the use of the Tamil version. In the Tamil regions, the Security Forces insisted on the use of the Sinhalese version only. The Tamils&#8217 argument that in several nations, which includes Canada and South Africa, the anthem is sung in various languages fell on deaf ears.

Supply

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Ravi Karunanayake’s Brother-In-Law Appointed MD of Sri Lanka Insurance coverage

It is revealed that one particular T.M.R. Bangsa Jayah, brother-in-law of the Minister of Finance Ravi Karunanayake, has been appointed as the Managing Director (MD) of Sri Lanka Insurance coverage Corporation.

Bangsa Jayah has served as a Sergeant of Sri Lanka Police and is a brother of Minister Karunanayake&#8217s wife Mela. He is tipped to obtain a month-to-month salary of Rs. 600,000 as the MD. The Corporation is an institution coming beneath the purview of Karunanayake as the Finance Minister.

According to Sri Lanka Insurance coverage web site, (http://www.srilankainsurance.com/news/93.php), “Mr. T.M.R. Bangsa Jayah is a retired commissioned Police Officer, who has experience in the Police service for 29 years. In the course of his profession with the Police Division he worked as the Chief Safety Officer for the Deputy Speaker and North-East Governor. He is a item of St.Anne&#8217s College, Kurunegala and has studied additional in Aquinas College, Colombo. Throughout his school period he has excelled in sports like Cricket and Soccer. He is a member of College Cadetting Group and has held rank of Firm Sergeant Main. After his schooling he has completed his Initial In Laws at the Law Faculty, Colombo. Mr. Bangsa Jayah has expertise in building industry for a lot more than 15 years and he has been a principal partner in a effectively identified piling organization.”