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Nishan de Mel

@NCdeMel

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Economist, Executive Director @veriteresearch

Sri Lanka
Joined November 2013
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@NCdeMel
Nishan de Mel
2 years
Greatest threat to #SriLanka stability, at this time, is SLPP asserting its parliament majority to become a proxy for the rejected leaders of the country. After 2015&19 elections, parliament majority of the defeated presidential candidate, stood down. SLPP shld do the same now.
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@NCdeMel
Nishan de Mel
4 years
👏National Debate Team #SriLanka make history--enters Finals, World Schools Debating Championship Janul de Silva Shalem Sumanthiran -Royal Chanidu Ratnayake -Ananda Rahul de Silva Jasmine Markandu -CIS Reiha Wimalasekera -LC Coaching Kithmina, Sanjith
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@NCdeMel
Nishan de Mel
2 years
President can be impeached by #SriLanka parliament; if he doesn't hear #GotaGoHome and resign. This is not a deadlock. MPs must publicly explain if they fail to represent the wishes of their constituency, on how they vote in parliament Find your MP at
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@NCdeMel
Nishan de Mel
2 years
Systemic corruption in #SriLanka has contributed greatly to the debt/economic crisis. Corrupt governance is the principal cause. But will the problem get on the solution agenda of the IMF #lka staff level agreement? IMF Ukrain Agreement shows it can:
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@NCdeMel
Nishan de Mel
2 years
Justifying illegal attacks on protestors by calling their occupation of buildings illegal, shows up @RW_UNP as feudal and behind the times. The Aragalaya methods (Occupation +Civil-Disobedience) had global democratic recognition in the Occupy Movement.
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@NCdeMel
Nishan de Mel
1 year
President of #SriLanka cites IMF conditionality as the reason govt is not able to fund the holding of elections (watch minute 1.00 to 1.15) It is the first time I've heard @IMFNews being scapegoated for suppressing democracy, by a govt treasury denying funds to hold elections.
@ManthriLK_Watch
Manthri.LK_Watch
1 year
The Opposition does not want an #election . They've mentioned this to many of us. Nobody has postponed the election. @ECSriLanka has not yet scheduled a date. According to @IMFNews we cannot print money. - @RW_UNP #SriLankaEconomicCrisis #President #Parliament #Colombo
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@NCdeMel
Nishan de Mel
2 years
Economic policy is on an old broken bus. Talk of "All Party Govt." is a red herring. What can it do that the current govt. cannot? Emergency vote showed that Executive (1) has a servile legislative majority (2) doesn't care what the opp. thinks. So what's an all party govt for?
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@NCdeMel
Nishan de Mel
2 years
@ParliamentLK says to *protect MPs* their contact details were removed. Other ways to say it are: 🔸Parliament no longer represents the people 🔸 #SriLanka is no longer a democracy @ManthriLK web MPpages still have contact details, to *protect democracy*
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@NCdeMel
Nishan de Mel
2 years
When cabinet approves stuff that does not have a published evaluation of why/how it is good for the country (as it will continue to do), remember... that's exactly how #SriLanka got into this mess. Weep 😭 don't cheer, even if it sounds good to you - like the fatal tax cuts did.
@nanayakkara77
Manusha Nanayakkara
2 years
Also, the Minister of Power and Energy, @kanchana_wij agreed to a proposal made by me to issue fuel passes for tourists, Migrant workers, and Dual Citizens who are willing to pay in USDs at the airport. No more ques for them.
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@NCdeMel
Nishan de Mel
1 year
This headline is worth a 1,000 words. Shows how @IMFNews "conditionality" is being leveraged in #SriLanka to undermine governance and entrench corruption PUCSL=electricity regulator. Mandate includes preventing costs of corruption and inefficiency being passed on to the consumer
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@NCdeMel
Nishan de Mel
2 years
Shani, the best corruption and crime investigator, was subject by the "system" to the absolute perversion of justice in #SriLanka If #LKA remains in corrupt capture, economic recovery will also be elusive. Therefore, the future of Shani, can be a bellwether of the economy. 👀
@MoronVerbose
Verbose moron
2 years
#SriLanka This man did his job. Is being persecuted for it. Not a mention from @RW_UNP . Which policeman in his right mind will prosecute #politicians now? #SriLankaEconomicCrisis #SriLankaCrisis
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@NCdeMel
Nishan de Mel
4 years
Presenting false budget numbers to parliament is not in #SriLanka national interest. @factchecklka explains why the Prime Minister is wrong on the budget deficit he claimed for 2019. Which then makes him wrong on the 2020 deficit number as well. *sigh* Who is responsible?
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@NCdeMel
Nishan de Mel
2 years
Advocata & Dhananath does #SriLanka proud by winning this freedom award. His speech flags how he committed his own freedom to build Advocata; and the sheer irony, that his wife shld be denied the freedom(a visa), to join him to receive this freedom award
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@NCdeMel
Nishan de Mel
3 years
The front page of the @Dailymirror_SL today, is yet another wakeup call: Sri Lanka needs to prioritize life support to its ailing economy, over repaying the debt. Expect more such news when forex is further depleted to pay the maturing USD 500 million bond next week.
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@NCdeMel
Nishan de Mel
6 years
Today RTI commission issued an order in favour of @VeriteResearch v. @CBSL to release data on EPF secondary market transactions. Made possible by #Yahapalanaya despite all its flaws. RTI is the 1st step in stopping grand corruption. Congratulations @Im_Anushan @GehanDG @malsirini
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@NCdeMel
Nishan de Mel
2 years
To do no harm: @IMFNews demand of a new law to make CentralBank #SriLanka ( @CBSL ) more independent shld go together with 1. Addressing CBSL corruption exposed by forensic audits 2. Making CBSL subject to RTI law, which it is flouting 3. Enforcing accountability on EPF management.
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@NCdeMel
Nishan de Mel
2 years
Response to question affordability: Based on @PUCSL estimations, (even with USD at only 200LKR), the economic loss in one week of 3.5 hour power cuts is the cost of an election. That means, what #SriLanka can't afford, is to *delay* an election.
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@NCdeMel
Nishan de Mel
6 years
Presidential election first please. In #srilanka today parliamentary elections cannot be a solution, without a prez election 1st #PrezElection1st Otherwise incumbent president, with #CoupLK @PresRajapaksa , will violently stop parliament from functioning, ignoring people's mandate
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@NCdeMel
Nishan de Mel
1 year
This is the State Minister of Finance, fact checked, found hugely in error, on very basics of the budget passed less than 2 months ago. from all angles, the Economic crisis in #SriLanka is a crisis of Governance. #itsTGS “it’s The Governance, Stupid”
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@NCdeMel
Nishan de Mel
5 years
The pardoning of this monk, and the systemic responses to others like him, are indicative of a foundational weakness in #SriLanka 's governance: the application of the law can be so unequal as to make the system of justice look like a system of injustice.
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@NCdeMel
Nishan de Mel
2 years
What expectations did IMF set in its recent meetings with #SriLanka ? Note this carefully worded, diplomatic communication by the IMF. TLDR: 1)No quick release of funds Prior actions 2)Suspend bilateral debt servicing 3)Put into motion a credible plan
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@NCdeMel
Nishan de Mel
2 years
🪫To solve the economy, it helps to have Central Bank regain lost credibility. 👉1. Can we stop the misreporting of reserves? A malpractice started in Dec. 2021 by incorrectly classifying the Yuan swap as reserves. 🤦‍♀️Finance Minister is also calling the bluff in @CBSL figures
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@NCdeMel
Nishan de Mel
2 years
Brutality is the second reason why #SriLankans hate their politicians. Brutes, such as these, act on behalf of the President, Prime Minister & Cabinet, and enjoy impunity. At best they are "suspended"(given paid leave) not even arrested or prosecuted, until forgotten in the media
@NewsWireLK
NewsWire 🇱🇰
2 years
More video footages have emerged of Sri Lanka security forces brutally attacking protesters moments before protesters entered the President's house yesterday
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@NCdeMel
Nishan de Mel
3 years
Sad 😟: over 95% of the deaths occurring at present could have been avoided if the current vaccine roll out had begun just a couple of months earlier... Based on figures provided here by the Acting Chief Epidemiologist of #SriLanka (& published by govt).
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@NCdeMel
Nishan de Mel
4 years
Shani Abeysekera is one of the finest in #lka Police force. He was targeted during #CoupLK as well. That attempt was quickly withdrawn because, then: ◾people weren't so scared to express dissent ◾media was still on the side of society Now? #SriLanka
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@NCdeMel
Nishan de Mel
2 years
The RajapaksaFamily 2019+ modus operandi is to drive #SriLanka towards destruction and vigorously resist attempts to stop them, until it's too late. Same story for: Agriculture Justice Economy Democracy Resignation isn't enough. But corrupt justice system will avoid their arrest
@PresRajapaksa
Mahinda Rajapaksa
2 years
Effective immediately I have tendered my resignation as Prime Minister to the President. අගමැති ධූරයෙන් ඉල්ලා අස්වීමේ ලිපිය ජනාධිපතිතුමා වෙත යොමු කළෙමි.
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@NCdeMel
Nishan de Mel
1 year
I worry that MPs and officials are using false fear mongering on safety of banks to justify unequal DDR treatment. External debt holders (unlike voiceless EPF members) will not agree to govt excluding #SriLanka bank holding of ISB debt. Why will banks be safe then, if not now?
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@NCdeMel
Nishan de Mel
2 years
Does #LKA need an Election? At USD=350LKR, 2022 USD GDP will contract by over 25% even w/ 30% inflation & increase in nominal LKR GDP ( #CBSL report 2021 see graphic). Let's learn from Lebanon: . Lesson: hard to recover without legitimate and stable govt
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@NCdeMel
Nishan de Mel
2 years
🔺In June @IMFNews identified corruption vulnerabilities in #SriLanka as Macro critical. 🔺Yet, close to an IMF staff level agreement, #lka has regressed: Parliament committee probing corruption(COPE) dissolved & in political capture. 🔺Change in path needed to restore economy.
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@NCdeMel
Nishan de Mel
4 years
Of the many reasons for the President to consider reconvening parliament, this is perhaps the most urgent ➜ #SriLanka has exceeded its legal borrowing limit ➜Responsible entities will want their lending to be legal ➜ #lka constitution allows only Parliament to change the limit.
@VeriteResearch
Verité Research
4 years
Can the govt #borrow more than what it is permitted by the Parliament? The Vote on Account held in Oct 2019 allows the govt to borrow up to Rs. 721 billion for Jan-April 2020 However, the govt borrowings have already increased more than the legal limit #Publicfinancelk #lka
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@NCdeMel
Nishan de Mel
3 years
large gap between what's *in the news* and what's *on the ground* #newsmirageLK Since these promising headlines (great idea from @basilrajapaksa ) #SriLanka has administered vaccine doses at *such a slow rate* that fully vaccinating even 60% of the population would take >6 years!
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@NCdeMel
Nishan de Mel
4 months
This Royal-Thomian 2024 moment is so layered. Lighthearted fun on the surface, and yet so seeped in irony and truth. This song requested by the President of #SriLanka , is about the “Wadakaha Sudiya” — a notorious 1955 version of the “Dammika [Covid] Paniya” of 2021, marketed for
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@NCdeMel
Nishan de Mel
2 years
Law shld apply equally to Aragalaya? Listen to Karu Jayasuriya explain how the MPs who unleashed violence in parliament, in an unprecedented assaulted on #SriLanka democracy in 2008, and shld have faced criminal charges, escaped even disciplinary action.
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@kavindya_T
Kavindya Thennakoon
2 years
Sri Lankans who turned a blind eye to multi-million dollar white collar criminals, tax fraud, misappropriation of public funds, state-sponsored killings, war crimes, and much else, have thus discovered the earth-shattering, mind-bending case of a woman giving the 🖕
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@NCdeMel
Nishan de Mel
3 years
I am puzzled. While I am semi-starving my family, saying I am short of cash to buy food; can I also be boasting, about throwing a promised banquet for a rich friend?
@an_cabraal
Ajith Nivard Cabraal
3 years
CBSL has allocated the required #Forex for the USD 500 million #ISB that is maturing on 18 Jan 22. It's a shame that some #investors lost out becoz of organized negative stories spread by certain vested interests. @CBSL #SriLanka #GoSL
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@NCdeMel
Nishan de Mel
6 months
Think a minute: North Korea is the *only* country in the world, to have both a higher number and a higher per capita ratio of soldiers (“armed forces personnel”), than #SriLanka According to the data shown in Exhibit 2 of this Fact Check, by @factchecklka
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@NCdeMel
Nishan de Mel
7 months
Today #SriLanka parliament passed a budget that violated its own laws on fiscal responsibility (but complied with IMF targets). When questioned in parliament, on why the budget is not complying with the law; the state minister explained: it’s because a similar law will be
@R_R_Prabu
Raj
7 months
The approval of the 2024 budget in parliament violates its own laws, raising concerns about accountability and the purpose of legislation. Why create laws if parliament can disregard them? If existing laws aren't followed, why commit to new fiscal rules in the IMF program
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@NCdeMel
Nishan de Mel
3 years
Increasing Cigarette taxes before fuel prices, would make better economic sense in #SriLanka It's good to study the data LKR 20 billion estimated loss by not implementing cigarettes tax formula in 2020, and set to lose another 20 billion in 2021.
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@NCdeMel
Nishan de Mel
4 years
#SriLanka workers beware. Bond issues aside, Report 3 #CBSL forensic audit shows EPF Stock Market activity severely mismanaged: ignoring + removing safeguards, and assisting fraud, to cause 10s of bns in cumulative losses since 2009. It may be the most shocking CBSL exposé so far
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@NCdeMel
Nishan de Mel
4 years
The satellite images of #SriLanka in this video, are beautiful, and worth sharing. And, they are woven together with intriguing questions about #lka history.
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@NCdeMel
Nishan de Mel
4 years
🙂 flood of #lka SM jokes says it all Time to stop specious arguments of "no community spread" in #SriLanka and design better #covid19 responses ppl are applying the 'duck test' "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck"
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@NCdeMel
Nishan de Mel
7 months
“Why?” did an Island wide power failure occur in Sri Lanka (today)…the whole country wondered. News Alerts (ADA Derana) sent out these delightfully unhelpful set of answers: “…failure reported due to a system failure - CEB” “UPDATE…failure is due to a breakdown of the main
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@NCdeMel
Nishan de Mel
2 years
*Tharindu Uduwagedara* is an important political commentator in #SriLanka . He exemplifies and amplifies the #aragalaya Authoritarian govt's toolkit of suppression has deployed on him. @saliyapieris , everyone, help anyway you can. "...it tolls for thee!"
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@NCdeMel
Nishan de Mel
8 months
Was he looking in the mirror? What's crazy is not just the silly untruthfulness of what the Presidents said about renowned lawyer @saliyapieris ; but also... that he framed the aspiration to be the President or a Member of Parliament in #SriLanka , as the mark of a scoundrel.
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@NCdeMel
Nishan de Mel
15 days
3June’24 #SriLanka came to an agreement with its private creditors to restructure its debt. The instruments used include a novel Governance-Linked Bond (GLB) designed by Verité Research in Colombo. Sri Lanka will lead history as the first country to engage this novel governance
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@business
Bloomberg
15 days
Sri Lanka and creditors reached agreement on the terms for a $12 billion bond restructuring, bringing the South Asian nation closer to completing its debt overhaul two years after it defaulted.
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@NCdeMel
Nishan de Mel
16 days
The President’s pushback here is correct. Many think that the lack of a “haircut” (reduction of capital to be repaid) in bilateral debt restructure is a cause for concern. But the measurement of the extent of debt write down is the reduction in Net Present Value (NPV). Haircuts
@PMDNewsGov
President's Media Division of Sri Lanka - PMD
16 days
Regarding allegations the Govt hasn't requested a principal loan reduction, the President clarified that official bilateral creditors don't reduce the principal amount but concessions are typically provided through extended repayment periods, loan grace periods & lower int rates.
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@NCdeMel
Nishan de Mel
3 years
#VaccinateLKA Can presidential projection materialise? 13M ppl (26M doses) by Sept30 -> 98 days from today(June25) Run Rate(RR) in doses per day(dpd) ▪️Current RR < 25k dpd ▪️RR in last 10 days < 50k dpd ▪️Required RR > 225k dpd daily score posted at:
@AzzamAmeen
Azzam Ameen
3 years
We could vaccinate 13 million people by the end of September this year & we can vaccinate almost everyone over the age of 30 by that time - President @GotabayaR says addressing the nation
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@NCdeMel
Nishan de Mel
6 years
Is @SagalaRatnayaka admitting (below) he cooperated with @MaithripalaS to scuttle justice on high-profile cases?[while being Minister for Law and Order and @RW_UNP Chief of Staff] Tweet suggests an implicit pact: that they would keep each others secrets. Am I reading it wrong? :(
@SagalaRatnayaka
Sagala Ratnayaka
6 years
As a responsible Cabinet minister, I have never spoken in public about instances in which the @MaithripalaS interfered with high-profile investigations. But if these wild allegations continue, I will be forced to divulge details on who interfered, when, where and how. #lka
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@NCdeMel
Nishan de Mel
8 months
That’s 24 hour power cuts for 10% of the households (544,488) in Sri Lanka? Due to CEB price increases that didn’t just cover excessive costs but also led to huge profits? We do need better approaches to protect the poor and build the social safety net.
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@NCdeMel
Nishan de Mel
2 years
Taxes announced today on casino industry (image left), looks like a card trick. From Report of the Committee On Public Finance (2019 @MASumanthiran ) it seems (image right) 1.reductions are presented as increases 2.existing taxes are not collected 3.increases are not implemented
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@NCdeMel
Nishan de Mel
3 years
Yesterday, the 2022 budget that is seriously flawed, and set to steer #SriLanka into deeper trouble, got passed with 153 votes - a super majority. Seems like parliamentarians in #lka fear (and serve) their party bosses more, and their voters less! 🥺
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@NCdeMel
Nishan de Mel
2 years
Link is from 2018-much of recent COPE "revelations" are old news; in a tiresome drama of no-accountability😐 Will @IMFNews still mandate "cost recovery electricity pricing" w/out mandating action on costs due to corruption? #SriLanka people will revolt.
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@NCdeMel
Nishan de Mel
6 years
What is unfolding in #lka is a coup. Coercively taking over institutions(e.g. below): this is the structure of a #coup . Then, prorogue parliament = shut down to consolidate #coupLK . Will it be the 1st successful coup attempt in #srilanka history? (Next: corruption cases halted?)
@ARRukshana
Rukshana Rizwie
6 years
I confirm that Lake House was taken over by SLPP union last night. I was the only woman in the building after 11. My chief sub and I passed the Daily News. Thilanga Sumathipala visited LH. SLPP unionists said they were acting on orders by Keheliya R. #lka
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@NCdeMel
Nishan de Mel
7 months
This exposé of criminal purchases in the health sector, is a window into the root cause of #SriLanka ’s economic troubles. (by Investigative journalist Namini Wijedasa) It spells out how, as the country went into economic crisis, diabolical corruption went in to high gear;
@nimilamalee
Namini Wijedasa
7 months
The health sector investigation is the single longest one I've done in a while, starting December 2022. Had we kept silent, or given up, many more innocent users of government hospitals would have died or suffered. That is now blatantly clear.
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@NCdeMel
Nishan de Mel
3 years
👏President @GotabayaR asked China for a debt restructure -- a wise, constructive step towards stemming the outflow of foreign reserves. @CBSL has been refusing to do the same with ISBs. But ISBs hurt reserve depletion more than repayments to China.
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@NCdeMel
Nishan de Mel
2 years
😀 this is just hilarious. The point in #SriLanka politics where I can't distinguish between @AzzamAmeen 's @NewsWireLK and the comedic genius of @NewsCurrySL
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@NewsWireLK
NewsWire 🇱🇰
2 years
Mahinda congratulates new PM Ranil
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@NCdeMel
Nishan de Mel
29 days
Property Tax as an “Imputed Rental Income Tax” mentioned by the govt and IMF has a serious problem. It has no known analytical basis for its design as an efficient and effective tax measure for #SriLanka This is unfortunately the case for many other tax measures as well, under
@ManthriLK_Watch
Manthri.LK_Watch
1 month
In the month of March, I attended a meeting with the #President . While I attended the meeting, you said you'd give it, then you tweeted this, then you came to this house & said it'll be given. Three months have lapsed, & the Technical Reports to the @IMFNews have not been given.
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@NCdeMel
Nishan de Mel
2 years
The economy can ill afford a #Diluted21A Why? To put the economy on a better path, a credibility boost in governance is the need of the hour. The #Original21A can help to get that Rejecting it and introducing a #Diluted21A will harm #SriLanka govt credibility, not enhance it.
@SurenFernando
Suren Fernando
2 years
The SJB's #Original21A can be found here @Keheliya_R : What you are referring to is the Govt's proposed #Diluted21A , the objective of which is to counter #Original21A , and thereby retain the Executive Presidential System...
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@NCdeMel
Nishan de Mel
11 months
Today parliament, not heeding analysis, will pass a bill putting a tax gun to the head of EPF trying to force “voluntary” bond exchange. The monetary board would be wrong to accept it. Shld it not make the analytical basis public and open to PRIOR _external_ scrutiny first?
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@NCdeMel
Nishan de Mel
5 years
The phenomenon of promoting #racist attitudes for market advantage over competition has seen an uptick in the last two months in #srilanka . Not all are as unsubtle as this one. To boycott businesses of non-sinhalese or to boycott businessess promoting racism? That is the question
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@NCdeMel
Nishan de Mel
3 years
I have been puzzling over this myself, thank you @David_Blacker for voicing the question. Is it that #lka authorities treat #SriLanka citizens as second class, next to foreigners - like some casino's do? I would like to hear another explanation...
@David_Blacker
David Blacker
3 years
Fully vaccinated foreigners on holiday free to travel anywhere, but fully vaccinated Sri Lankans who need to earn a living stay locked in their homes. #onecountryonelaw #wedakaranaratak #IQ79 #lockdownlanka #curfewcountry
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@NCdeMel
Nishan de Mel
1 year
I wrote this story 15 years ago (thanks to encouragement by ⁦⁦ @sanjanah ⁩) recalling 23July1983. Will the “Aragalaya generation” purge #SriLanka of the toxic social attitudes and structures of politics & law enforcement, that created "black July"?
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@NCdeMel
Nishan de Mel
3 years
#SriLanka just changed the way it counts Covid-19 deaths. WHO guidelines: "where [covid-19] disease caused, or is *assumed* to have caused, or *contributed* to death". #lka style 🤐: requires *evidence* that covid-19 is the *leading* cause of death.
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@NCdeMel
Nishan de Mel
6 years
@ManthriLK video lists the 10 MPs with the worst attendance in parliament in the last 3yrs in #lka . @PresRajapaksa has the second worst attendance record, and 9 of the 10 are with UPFA. Another reminder that parliamentary democracy is not valued by the purveyors of #CoupLk
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@NCdeMel
Nishan de Mel
4 years
By pardoning #SunilRatnayake GR follows in MS footsteps: disgraces the Presidency + takes #lka justice system another giant step down, into the abyss. Reminds us why #SriLanka in 5 Presidential Elections voted to abolish/reduce powers of Presidency -- & will do so again, in 2020?
@smriti_daniel
Smriti
4 years
We've locked up 4,000 people for violating curfew - and this is the man they choose to let walk free. Everything about this utterly shameful - the timing, the priorities reflected, the disregard of the courts, the implication that Sri Lanka's armed forces are no better than this.
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@NCdeMel
Nishan de Mel
5 years
Swiss emb #lka staff lawyer in court >she was *Called to an apartment to help w/visa forms; then blindfolded, molested, interrogated *got 2options on safety of child+husband:1.say nothing 2.say abducted in white vehicle Reported by Tamil Virakesari. English/Sinhala media silent?
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@NCdeMel
Nishan de Mel
6 years
If this latest MS-MR stunt is allowed, country has no budget passed for 2019, and government cannot spend money after January 1st. :) Latest act of Hara-Kiri in #CoupLK drama.
@AFP
AFP News Agency
6 years
#BREAKING Sri Lanka President sacks parliament after power-struggle
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@NCdeMel
Nishan de Mel
3 years
Community spread (cs) of Covid-19 in #SriLanka is a sad fact. Continuous attempts to deny it is a sad farce. cs denials have been debunked by @factchecklka since Dec 2020 ▪️ ▪️ But they are still published without a health-warning 🤨
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@NCdeMel
Nishan de Mel
4 years
*Human* Wellness is what matters most amidst #Covid19LK ; above & beyond all other Clinical/Control objectives, which are means, not ends #lka response needs to be Human-centered not Virus-centered If you agree, reply w/ stories to remind us, like below
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@NCdeMel
Nishan de Mel
5 years
In #SriLanka , Sacha Baron Cohen’s point applies to all media, not just social media... "democracies depend on shared truths" while "autocracies depend on shared lies" In #lka these platforms can help our democracy @EthicsEye @factchecklka @verite_tma
@Reuters
Reuters
5 years
‘I believe it's time for a fundamental rethink of social media and how it spreads hate, conspiracies and lies’: Sacha Baron Cohen issues a searing rebuke of social media companies, with particular aim at Facebook CEO Mark Zuckerberg
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@NCdeMel
Nishan de Mel
3 years
@rangaba Dear Ranga, which economist are you quoting here? Little knowledge is a dangerous thing. These are highly confused/misinformed claims. If you cite your soure/economist, I will reply. Otherwise readers beware.
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@NCdeMel
Nishan de Mel
1 year
Forensic Audit 2019 showed huge Central Bank corruption. To protect people's EPF, law on more autonomy to @CBSL [= @IMFNews condition] shld come with more transparency & accountability. @MASumanthiran submits Bill to do that. Read link on reasons for Bill.
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@NCdeMel
Nishan de Mel
3 months
The Governance-Linked Bond proposed by the team at Verité Research has now officially entered the #SriLanka restructure negotiations. See item 4 in the annex on this communiqué. It was introduced first to the SLgovt in April/May 2023 with an immediate
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@NCdeMel
Nishan de Mel
3 years
Dear Ranga, which economist are you quoting here? Little knowledge is a dangerous thing. These are highly confused/misinformed claims. If you cite your soure/economist, I will reply. Otherwise readers beware.
@rangaba
Ranga Sirilal
3 years
Some are suggesting govt should default given the forex situation of the country. what will happen if Sri Lanka defaults?
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@NCdeMel
Nishan de Mel
7 months
Santa Clause has overruled #SriLanka IMF agreement… 😳But not for the poor. Govt dolled out irrational tax exemptions/reductions to corporates, even since crisis in 2022, alongside huge tax increases on population. So the latest IMF agreement had explicit clauses to stop giving
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@NCdeMel
Nishan de Mel
3 years
#SriLanka @LakmaliJd received the 2021 Stanford Historical Society Susan W. Schofield Oral History Award👏 Her work surfaces the gratuitous injustice & indignity heaped upon those who need a #visa to travel. Watch interview 👇
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@NCdeMel
Nishan de Mel
3 years
Q: is #PortCity a net economic gain for #srilanka ? A: we don't know. Neither govt nor researches have an economic analysis that calculates the return. Nor even the data to cost the investment by #lka govt. e.g. what's the value of the donated sand?
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@NCdeMel
Nishan de Mel
3 years
#SriLanka govt forfeited one third of its tax base in Dec 2019, with no analysis of consequences. This was perhaps the fiscal equivalent of "chemical fertilizer ban" in agriculture. ...and topped it with tax amnesties to "widen tax base", despite evidence that it wouldn't work.
@PublicFinanceLK
PublicFinance.lk
3 years
Do you know that the number of registered taxpayers has dropped by 33.5% from 2019- 2020 ? The top contributors for the drop are: 1. Introduction of #APIT in lieu of #PAYE 2. Increasing registration thresholds for #VAT Read more:
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@NCdeMel
Nishan de Mel
3 years
So many of us in #SriLanka today have advised the govt. to immediately suspend capital repayment of debt. #SaveThe500Lk and provided the analysis and reasons in many forums.🤞
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@NCdeMel
Nishan de Mel
6 years
If "match-fixing" is illegal, why is "parliament-fixing" legitimate? @sarojpathi asks this excellent question in light of the ongoing attempt to consolidate #CoupLK Truly: even a majority in a parliament, "proRogued" in this way, can no longer confer legitimacy, on #CoupLK
@sarojpathi
Saroj Pathirana / සරෝජ් පතිරණ
6 years
If fixing a game for money is a punishable offence, ( #cricket or any other), what about "parliament-fixing" or "party-fixing"? Isn't it an offence? #lka #ConstitutionalCrisisLK #matchfixing
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@NCdeMel
Nishan de Mel
4 years
This might be the first survey on how #SriLanka citizens are coping with govt. response to #Covid19 . In a Nutshell #Covid19SL : *Overwhelmingly satisfied with govt. response *Highly insecure about the month ahead *Present problems differ across districts
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@NCdeMel
Nishan de Mel
11 months
The Camel’s nose(+head) is now under the tent (of our democracy)… If it is not pushed back, this ruling of the Speaker will be the death knell on separation of powers (b/w judiciary and parliament) in #SriLanka
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@NCdeMel
Nishan de Mel
3 years
Monumental callousness of #lka govt. 🙁 is sadly exposed. Left to opposition lawmaker @MASumanthiran to table in parliament a modern fit-for-purpose framework to deal with covid-19 pandemic, now aggravated in #SriLanka by the irrationality and incompetence of its administation.
@MASumanthiran
M A Sumanthiran
3 years
I presented the “Public Health Emergency Bill”, as a private member’s bill in #Parliament today for #pandemic and other health emergencies as current legal regimes are inadequate. . . .
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@NCdeMel
Nishan de Mel
3 months
Grand Corruption Alert! Is the parliament Committee on Public Finance (COPF) also influenced by the same system of grand corruption that drives economic decisions in #SriLanka ? This report of a COPF discussion on cigarette taxation suggests that it is (link below). Let me say
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@NCdeMel
Nishan de Mel
3 years
Rating downgrades are no longer a surprise. There is more to come. Why? #SriLanka economic policy has the wrong goals: repaying foreign debt holders in full is now counter productive. The right goal is to increase the quality and quantity of reserves. But govt is not listening.
@DayarathneSa
Sanjeewa Dayarathne
3 years
Fitch Ratings has downgraded Sri Lanka's Credit rating to 'CC', from 'CCC'. A dropped in foreign-exchange reserves, high external debt payments, and limited financing inflows have worsened the external liquidity position of the country Fitch says.
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@NCdeMel
Nishan de Mel
2 years
👍Constitution gives #SriLanka parliament full control over public finance. 👏 @RW_UNP puts positive emphasis on making executive branch even more accountable to parliament. 👉Then, isn't it time to put before parliament the staff level agreement being pursued with the IMF❓
@RW_UNP
Ranil Wickremesinghe
2 years
Apart from the economic issues, there are also 2 major issues in the political sphere we are facing. 1.21st Amendment: We, as party leaders, are now finalizing this. 2.The abolition of the Executive Presidency: The timing and methodology must be decided by the Party Leaders.
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@NCdeMel
Nishan de Mel
6 years
After the vote of no confidence in the government on 14th Nov. (declared by the Speaker), it's not possible for there to be Ministers: Cabinet stands dissolved. Yet, media outlets (see below) report with ignorance on #CoupLK actions.
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@NCdeMel
Nishan de Mel
11 months
Past President of the bar association @saliyapieris explaining the same point (as in quoted tweet) on democracy and actions of the speaker, captured in this video The link above is to the comments in Sinhala, the video below is with English commentary.
@NCdeMel
Nishan de Mel
11 months
The Camel’s nose(+head) is now under the tent (of our democracy)… If it is not pushed back, this ruling of the Speaker will be the death knell on separation of powers (b/w judiciary and parliament) in #SriLanka
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@NCdeMel
Nishan de Mel
11 months
#SriLanka stands out as exceptional in the world for its manner of DDR. What were the dynamics unique to Sri Lanka that it’s domestic debt restructuring shld have been different to every other country and (known) episode of DDR in the world?
@PublicFinanceLK
PublicFinance.lk
11 months
Out of 14 countries that carried out domestic debt restructuring in the last 25 years. #SriLanka stands alone in targeting social security funds while excluding banks and private creditors. For more, visit:
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@NCdeMel
Nishan de Mel
2 years
GoodNews:👏 govt says it will implement an indexation method to regularly increase cigarette taxes. BadNews:🙅‍♂️ it's going to ignore the published rational formula, and let vested interests write the method. #CorruptionLk wins the day! TheRationalFormula
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@NCdeMel
Nishan de Mel
4 years
This "news" on #HejaazHizbullah is a classic example of weasel media/reporting in #SriLanka : where allegations against a person are presented as facts "revealed" But the spin is selective. #lka media can be mapped with data on who/what is cast as "revealed" vs "accused/alleged"
@EthicsEye
Ethics Eye
4 years
Parts of #medialk claim #Hizbullah 's 'connection to an incident involving training children to use firearms' was 'revealed' As suspects are presumed innocent until proven guilty & investigations are ongoing, is it acceptable for #lka media to criminalise a person in this manner?
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@NCdeMel
Nishan de Mel
5 years
On #PresPoll2019 results, this real time analysis by @nuuuwan is going to be a very interesting space to watch... #PresPollSL
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@NCdeMel
Nishan de Mel
6 months
The “Online Safety Bill” passed into law yesterday in #SriLanka , is a great example of the precise point being made here by @elonmusk
@elonmusk
Elon Musk
6 months
When you hear the names of legislation or anything done by the government, it is worth remembering that the group that sent so many people to the guillotine during the French Revolution was called “The Committee of Public Safety”, not the “Cut Off Their Heads Committee”
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@NCdeMel
Nishan de Mel
3 years
What's #SriLanka 's decision? "Every sovereign bond restructuring boils down to one decision — How much of the country’s pain should be borne by its citizens, and how much should be borne by the creditors?” Lee Buchheit at Economic Forum by NextGenSL & FNF
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@NCdeMel
Nishan de Mel
2 years
This campaign to repeal #SriLanka PTA, led by @MASumanthiran shld have had more support then. "Never send to know for whom the bell tolls..." So that many would have escaped suppression through the PTA now. 👇
@Dailymirror_SL
DailyMirror
2 years
#InPics A campaign led by TNA MP M. Sumanthiran and ‘Justice for All’ was launched today seeking support to repeal the Prevention of Terrorism Act #Srilanka #lka #PTA @MASumanthiran @ShanakiyanR
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@NCdeMel
Nishan de Mel
4 years
#Orwell 's "Animal Farm" comes to #SriLanka 🙂 Are professionals, who champion equal treatment before the law, saying that: "some are more equal than others"? 🔸What word from our law faculty academics? @DineshaSam 🔸Can members of the #lka Junior Bar explain, or fix this?
@elihoole
Elijah Hoole
4 years
So lawyers - easily amongst the least at risk from the pandemic - demand ‘special hospital allocation’. Not ‘all hospitals have adequate facilities’, apparently. The professional class in this country is sick. This horridly written letter-signed off by a PC no less-is proof.
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